Business

Vietnam is a promising market, particularly in information technology and communications and its demand for cloud computing is increasing fast, said Intel Vietnam General Director.

More innovation in the Government's thinking on public investment has been called for to increase efficiency of public projects.

The national Index of Industrial Production rose by 5.2 percent in October, the General Statistics Office has reported.

There are no formal negotiations with China about investing in the European Financial Stability Facility, the head of the bailout fund said.

Months of rolling strikes have cost Australian flag carrier Qantas Aus$68 million ($70 million), far more than the damage wrought by the grounding of flights by recent volcanic ash clouds.

Over 82% of the 57,000 businesses established this year had stopped operations or dissolved as of September, an official has said.

Europe sealed a last-ditch deal to fix its festering debt crisis, pledging new funds for Greece and pushing banks to share the pain.

Vietnam Airlines and Qantas’s low-cost carrier Jetstar are negotiating to elevate Vietnam Airlines to majority shareholder in Jetstar Pacific.

Eurozone leaders have agreed to leverage the firepower of their bailout fund to one trillion euros ($1.39 trillion), French President Nicolas Sarkozy said Thursday.

China and other emerging powers have agreed to help eurozone countries facing a debt crisis by taking part in a bailout fund, the China Daily said.

The Ministry of Industry and Trade allowed EVN to raise power prices higher than the Govt’s approved rate, an agency said.

The national trade deficit in the first 10 months of this year was kept at nearly $8.4 billion, according to the General Statistics Office.

European leaders faced intense pressure to deliver on a promise to resolve the debt crisis at a summit crucial to the world economy as they battled to protect Italy from collapse.

The State Audit of Vietnam said the petroleum price stabilisation fund has passed an audit with flying colours.

Power prices for those who consume more electricity should be increased to encourage more efficient use, says an expert.

Vietnam’s office rents will fall as much as 7 percent in 2012 because buildings are completed at a faster rate than business expansion, said Jones Lang LaSalle Inc.,.

Japanese Finance Minister Jun Azumi said Europe was close to a resolution of its debt crisis and urged the continent's leaders to close the deal for the sake of the global economy.

The October consumer price index increased 0.36 percent compared to last month’s figure.

A new decree issued by the Government last Friday increases punishments for administrative violations in the financial and banking sector.