Business

Eurozone leaders are toying with the idea of asking China and other emerging powers to help them out of the debt crisis.

European leaders opened an EU summit aimed at solving the eurozone debt crisis and convincing global rivals that recession can be kept at bay.

The eighth China-ASEAN Business and Investment Summit (CABIS) opened in China ’s southern city of Nanning on Oct. 21.

The Government would not approve any increase in power price to offset EVN’s losses from its non-core investment.

Japan's cabinet approved an extra $156 billion draft budget to reconstruct tsunami-hit regions and help companies fight the strong yen.

HCM City's consumer price index this month increased by 0.18 percent over last month, according to the municipal Statistics Office.

Many individuals in big cities have fallen in bankruptcy after putting all their money to runners into unsound investments.

Companies are finding it hard collect debts, putting them at risk of defaulting with their own partners.

The Electricity of Vietnam Group has again proposed a power price hike of 10-13%.

The State Bank of Vietnam will continue to closely monitor the monetary market and the banking sector to help deal with liquidity-related problems.

The new quarterly HSBC Trade Connections world trade forecaster predicts Vietnam is amongst the top five international powerhouses.

Multinational companies are tending to move their outsourced facilities from China to other countries, offering opportunities for Vietnam.

China’s Haier Group has acquired businesses operating under the Sanyo Electric brand name in Southeast Asia.

China said it would maintain a stable exchange rate and warned that foreign trade faced a "severe situation" due to the West's economic woes.

The import duty on cars will be cut by 3-5 percent from next year if a proposal drafted by the Ministry of Finance is approved.

Intel Corporation reported record-high earnings as the company shipped more chips than ever despite talk of a gloomy global computer market.

Restructuring investment mechanisms is a key to restructuring the economy, according to a seminar in Hanoi on Oct. 18.

Goldman Sachs, weighed down by problems in its private equity portfolio and the broader global economic woes, reported a loss of $428 million.

Tighter regulations are being considered in order to improve the coffee export industry, one official has said.