Business

India's vehicle maker Mahindra and Mahindra signed a preliminary agreement to take over bankrupt South Korean carmaker Ssangyong Motor.

China has ordered thousands of companies to close high-polluting plants as its leadership vies to retool economic growth.

The country is unlikely to meet the target of sending 85,000 guest workers abroad this year.

With energy fees expected to rise in order to encourage investment, one official shares why he says it isn’t the answer.

Several projects in both wind power and titanium mining sectors in the central province of Binh Thuan have been put on hold, a provincial official said.

A "bold" plan for a railway system connecting more than 300 million people was approved Friday.

The fledgling farmed oyster industry along the north-east coast of Vietnam has taken off under the guidance of a team of Australian shellfish experts.

Firms illegally continues gold trading on accounts, causing many people to lose billions Vietnamese dong.

The footwear industry would have to struggle to reach its target to of 70 per cent of the domestic market in five years without incentive policies.

Most traders are keeping a watchful eye on any new developments on the forex market before deciding whether to revise up prices of commodities.

Deputy PM Nhan has cited cooperation in training human resources for the local tourism industry as an urgent issue.

More than 410 tourism projects in central Binh Thuan Province have been seriously affected by titanium-exploitation projects.

One look at Vietnamworks.com, a job and recruiting website in Vietnam, and it’s easy to see that the hunt is on for mid-level managers by local banks.

Residential developments located close to nature and with million dollar price tags have become a growing trend in Vietnam’s property market.

The State Bank of Vietnam on August 17 decided to adjust interbank rate in an effort to curb trade gap.

Hanoi authorities have approved the sale of social housing to give low-income people an opportunity to buy in Hanoi.

The plastic industry is forecast to pocket US $1 billion in export revenue in 2010, said the Vietnamese Ministry of Industry and Trade.

PepsiCo, the world's second largest food and beverage business, announced that it plans to invest US$250 million in Vietnam over the next three years.

The billions of dollars sent from overseas each year fund new homes, expand businesses and support extended families.