Business

Investors committed to pour some US $7.36 billion into 22 projects in the central province of Binh Dinh at a conference held yesterday.

South Korea's Taekwang Industrial Co Ltd will invest $4.5 billion in Vietnam to build and operate a coal-fired power plant.

Ericsson announced Wednesday consumers in Denmark and Sweden would enjoy the world's fastest 3G networks in the first quarter this year.

Japan Airlines filed for one of the country's largest bankruptcies ever Tuesday, entering a restructuring that will shrink Asia's top carrier and its presence.

Competition could be fierce as the new iPhone 3GS is unveiled for sale by Vietnamese operators.

Non-term foreign currency deposits and those with terms of less than 12 months will see compulsory reserves cut from 7 percent to 4 percent.

The Vietnam Textile and Garment Group (Vinatex) yesterday held a conference to deploy its implementation of the 2010 plan.

IBM raised its 2010 profit target and reported a stronger-than-expected, 9 percent increase in fourth-quarter earnings, as cost cuts and a shift to more profitable contracts helped it weather a slump in corporate spending.

Investment banking operations make $7.1bn annual profit, but bailout repayments pushes group to $7.6bn last-quarter deficit.

The central bank has sounded the final call for passengers to join the banking flight, placing additional pressure on lenders with chartered capital under the standard level.

Provinces throughout the country showed notable improvements in economic governance over the past year, creating more favourable conditions for the business community’s operations.

The Ministry of Information and Communications has reported to have 130.4 million phone subscribers in Vietnam, reaching 152.7 phones/100 residents.

Since its establishment in 1999, the Forum for East Asia-Latin America Co-operation has helped countries in the two regions get closer to each other, Deputy Prime Minister cum Foreign Minister Pham Gia Khiem has said.

The Philippine Stock Exchange and Vietnam's Ho Chi Minh Stock Exchange have signed an MOU to enhance their cooperation in financial services.

The global financial crisis and economic slowdown has dealt a severe blow to Vietnam's plans to expand its petrochemical industry.

Vietnam Railways Corp is talking with a Japanese company about the construction of a train route linking Hanoi with its airport.

The economic growth rate should not be at too high as it would lead to a sharp increase in investment and the ineffective use of investment capital.

S-Fone to move on alone without SK Telecom's investments.

Strategic Mining Corporation announced the implementation of plans to expand its gold mining interests to the U.S. and Vietnam