Business

ANZ is looking for a buyer for its 10 percent stake in Vietnam's Sacombank, becoming the first foreign bank to sell its stake in a domestic lender.

The market is growing rapidly, but low per-capita spending limits potential returns, said a new report.

The company said it scheduled an initial Trade Mission beginning March 22 to Ho Chi Minh City.

A proposal that would allow buses to have their own lane would be a low-cost metro solution on the ground, said a professor.

German pharmaceutical giant will invest in Asia and increase its sales by above market average growth rates in the region in the long-term.

Petrovietnam Gas has signed a deal with Chevron Corp, Japan's Mitsui Oil Exploration Co and Thailand's PTT Exploration and Production to build a $1 billion gas pipeline in southern Vietnam.

3 telecom network operators including MobiFone, Viettel and VinaPhone continue to dominate the market with advantages in terms of size and branding.

ST Telemedia bought a 10 percent stake in VNPT Global on March 11 to kick off their new partnership.

Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday.

The decision to import 170,000 tonnes of salt when the salt season has not yet come has to be reconsidered, said an expert.

Carlos Slim Helú of Mexico beat Bill Gates and Warren E. Buffett for the top spot on Forbes magazine’s annual list of billionaires.

Representatives from twenty businesses from Kansai, Japan paid a three-day visit to HCM City in an effort to seek business opportunities in the country’s largest city.

A number of provinces around the country plan to concentrate on growing bananas for export, due to increasing world demand.

JAC, an auto producer based in Hefei, China, will start construction on its first overseas plant to produce trucks in Vietnam in April.

Authorities granted quotas allowing local companies to import a total of 170,000 tonnes of salt into Vietnam despite local sufficient supply of salt.

Projects that are stuck in standstill have taken a negative toll on the GDP’s growth in Hanoi.

Samsung announced that the first models of its full HD 3D entertainment products will be gradually introduced to consumers in Southeast Asia and Oceania from this month.

In 2010, VSG targets to earn VND 1.5 trillion revenue and VND 63 billion pre tax profit.

These projects are to be re-zoned for other possible commercial interests