Business

Vietnamese banks are considering M&A as the last resort for their survival amid increasing bad debt.

European finance chiefs launched crunch talks to avert the default of Greece amid fears of a domino effect rippling across the eurozone.

European finance chiefs launched crunch talks Sunday to avert the default of debt-stricken Greece amid fears of a domino effect rippling across the eurozone.  

Many Vietnamese seafood exporters are facing bankruptcy due to unfair competition from China.

A global economic recovery could falter unless Europe averts sovereign defaults, the U.S. gets its fiscal house in order, the IMF warned.

Farmers in the central region are facing a shortage of rice seed for the summer-autumn rice crop, which will be grown 25-35 days late.

Tight monetary and fiscal policies will be prioritised in 2012 in order to continue taming inflation, said PM Nguyen Tan Dung.

Embattled Greek PM George Papandreou picked a team of battle-hardened political veterans to carry out deeply unpopular austerity measures.

Greek Prime Minister George Papandreou axed his finance minister Friday amid the country's crippling dead crisis, a spokesman said.

The State Bank of Vietnam has requested commercial banks to strictly conform to regulations on VND deposit interest rates.

Vinacomin’s recent import of coal is to ensure national energy security, an official from the company said.

Sea and island tourism development was top priority of Vietnam’s tourism sector, said an official from Vietnam National Administration of Tourism.

Two Greek government lawmakers quit over their party's austerity policies as Prime Minister George Papandreou was to name a new government.

The Ministry of Transport has proposed to apply an additional special mechanism to call for foreign investment into the infrastructure sector.

PetroVietnam is determined to conduct exploration projects in the East Sea despite Chinese aggressions, said an official.

The State Bank of Vietnam plans to better monitor commercial banks’ investments, including corporate bonds, lending and investment operations.

Greek Prime Minister George Papandreou would seek a confidence vote as thousands besieged parliament against new austerity cuts.

Japan will continue providing Official Development Assistance to Vietnam in the coming years.

Thousands of Greek protesters surrounded the parliament building in Athens on Wednesday as a general strike paralysed the country.