Business

Local authorities are urging Swiss-backed Trustee Suisse Group to get a move on with its mega tourism project on Phu Quoc Island.

The State Bank of Vietnam yesterday licensed 10 banks and gold trading companies to import a total of four tonnes of gold.

The State Bank of Vietnam should continue its loan restriction to real estate projects next year to reduce financial risks, said an official.

Google's executive chairman will take stage at a Senate hearing into whether it is abusing its dominant position in online search.

The IMF gave Greece an ultimatum to introduce more budget austerity to win the release of rescue funds and escape bankruptcy.

Exports of rubber to China via the border are at a standstill as China has tightened policies on inspecting rubber imports via cross-border trade.

Deposits fell sharply this week, after the application of a 14% cap on deposit interest rates.

Gender equality is shrewd economics as well as a human right, the World Bank said on Monday in a report.

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 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.

The unemployment rate tends to increase as enterprises have laid off workers in the context of high inflation and low purchasing power.

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 Treasury Secretary Timothy Geithner went into exceptional talks with European finance ministers on the debt crisis on Friday.

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.

In Vietnam's developing economy, the large number of small banks could pose a great risk to the country's financial system.

National flag carrier Vietnam Airlines is mulling over a plan to increase domestic airfare by 1.5 times to cope with rising inflation.

Several partners in Thach Khe iron ore mining project, in Ha Tinh Province, have yet to make good on their funding pledges.

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

The EU moved closer to toughening budget rules to punish overspenders after the EU Parliament and governments reached a compromise.