UBS details rogue trades that lost bank $2.3 billion
Swiss bank UBS increased the amount it said it had lost on rogue trades to $2.3 billion and gave details of how a trader concealed his risk exposure.
Work begins on Mong Duong 2 thermal power plant
Work began on the 1,120-MV Mong Duong 2 thermal power plant in Cam Pha town in the northern province of Quang Ninh on September 16.
Unemployment rate up, but labor picture not too dark
The unemployment rate tends to increase as enterprises have laid off workers in the context of high inflation and low purchasing power.
Jobs protests mount as EU chews on US-eurozone fallout
European leaders braced for a second day of talks on the eurozone debt crisis, following a fallout with Washington, with thousands of protesters demanding investment in jobs.
US pressures eurozone leaders on Greek bailout split
US Treasury Secretary Timothy Geithner went into exceptional talks with European finance ministers on the debt crisis on Friday.
Gold prices hit three-week record low
The domestic price of gold 6 fell sharply by VND400,000-500,000 per tael to VND46.6-46.8 million per tael compared to the previous day.
More mergers and acquisitions needed to consolidate small banks
In Vietnam's developing economy, the large number of small banks could pose a great risk to the country's financial system.
Vietnam Airlines may raise domestic airfares
National flag carrier Vietnam Airlines is mulling over a plan to increase domestic airfare by 1.5 times to cope with rising inflation.
Capital shortage threatens Vietnam's largest iron ore mine
Several partners in Thach Khe iron ore mining project, in Ha Tinh Province, have yet to make good on their funding pledges.
Slack management may lose Vietnam a leading coffee brand
Having neglected to protect its leading coffee brand Buon Ma Thuot, the Central Highland province of Dak Lak will now have to fight for its rights back from a Chinese Company
EU takes step to punish deficit sinners
The EU moved closer to toughening budget rules to punish overspenders after the EU Parliament and governments reached a compromise.
UBS finds estimated $2 billion unauthorised trading loss
Swiss banking giant UBS revealed an estimated loss of $2 billion after the discovery of unauthorised trading at its investment bank.
Four nations to plug world heritage sites
Vietnam, Cambodia, Laos and Myanmar will co-operate with each other in organising tours to their world cultural heritage sites, officials said.
Emerging countries can help eurozone, not save it
Emerging economies "could help to temporarily reduce this moment of volatility but it won't resolve the problem" of structural weaknesses in the eurozone, analysts say.
ADB call for continued fiscal tightening to battle inflation
Though monthly inflation rate has been curbed, it is too early for Vietnam to ease macroeconomic policies, the ADB reported.
Banks use tricks to surpass capped lending interest rates
Despite banks having announced lending interest rates of 17-19% per year, many are still trying to exceed the cap.
HAGL boss ranked among most powerful in SE Asia
Hoang Anh Gia Lai Group Chairman Doan Nguyen Duc is among the most influential executives in Southeast Asia, said Wall Street Journal.
Ministry urges loosened credit for real estate sector
The Ministry of Construction proposed the Government instruct credit organisations to loosen loans for real estate segments.
Tourists to be given VAT refunds
Foreign visitors will enjoy VAT refunds when they purchase goods in Vietnam under a draft currently being considered by the Ministry of Finance.
Vietnam tries to save energy with labels
Prime Minister Nguyen Tan Dung approved a list of electric equipment that should be labelled according to their energy efficiency.
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