Business

Thirty three percent of businesses cannot afford the current long term lending interest rates of 12-13% and higher, a VCCI survey has found.

Following the trend of other staples, prices for coal have been increased by between 20% and 40%.

Although the global price of rice has fallen continuously in the past months, there are some positive signs of a change in fortune for local rice exporters.

More than 100 businesspeople from Taiwan came to Vietnam to study investment environment and opportunities.

The Ministry of Finance plans to scrutinise price hikes of seven staples beginning mid-April so to prevent possible price gouging.

More Thai companies are turning their attention to Vietnam in the quest for investment opportunities, said an official of Bangkok Bank in Vietnam.

European Union finance ministers met on Friday to thrash out the terms of a multi-billion dollar loan to Portugal.

Vietnam National Oil and Gas Group sold a total USD2.7 billion to commercial banks in the first quarter, said its chairman.

The Vietnam Gold Traders Association has submitted to Prime Minister Nguyen Tan Dung a package of measures to stabilise the domestic gold market.

Vietnam’s gross domestic product growth may reach 6.1% this year, said an official from Asian Development Bank.

Microsoft and Toyota will work together to infuse the Japanese auto maker's cars with digital capabilities hosted in the Internet "cloud."

Italian scooter maker, Piaggio, held a groundbreaking ceremony for its second plant in Vietnam ’s northern province of Vinh Phuc on April 6.

Rolls-Royce has announced that it is to develop the largest ship lift in Asia, at a new repair yard near Hai Phong, Vietnam.

Electricity of Vietnam and the Ministry of Education and Training signed an agreement to train nuclear power human resources.

The Vietnam Automobile Transport Association has recommended that the Vietnam Register Agency check 8,830 vans made by Toyota Motors Vietnam.

Portugal said it had finally decided to request financial assistance from the European Union, paving the way for a third bailout of a eurozone country.

More commercial banks have cut deposit interest rates for the US dollar by 0.1-0.4 percentage points.

The Asian Development Bank said controlling inflation was the region's "top priority" as food and oil prices go up.

Vietnam must inspect Toyota over technical faults, said Nguyen Manh Hung, chairman of the Vietnam Automobile Transportation Association.