Business

The Vietnam Energy Association proposed regulation changes that lessen power contracts granted to inefficient Chinese companies.

The PetroVietnam Power Land JSC has announced a price discount of 35% on apartments to ease its financial pressure to repay bank loans.

Japan on Monday intervened in currency markets for the first time since August to weaken the yen.

The consumer price index is set to inch up 0.2-0.3 percent over last month, according to the Domestic Market Management Board.

Hanoi Telecom Corporation is seeking Ministry of Information and Communications intervention so that it can acquire half of the third generation (3G) bandwidth held by EVN Telecom.

The current minimum wage can only cover about 65% of labourers’ basic living standards, according to a new survey.

Even though Vietnam's debt is expected to equal 58% of the GDP by next year, the Finance Minister said, "this is nothing to worry about."

Petrol stations found cheating customers will have their business licences revoked under a new draft decree.

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.