Business

Oman Investment Fund has acquired a 12.6 percent stake in Petrovietnam Insurance Co PVI.HN, the insurance arm of Vietnam's state oil and gas group, for $42.4 million.

The IMF raised its forecast for global growth and cautioned that government debt poses risk to the world economy.

The Vietnam Ministry of Finance has recently issued an import tax rate guide for certain commodities such as petrol, kerosene and diesel oil.

Vietnam said its tea industry has targeted exports of $700 million by 2020.

Vietnam, the second fastest growing economy in emerging Asia, is a new target for quick-service restaurant development.

The Commonwealth Bank of Australia is buying a 15 percent stake in Vietnamese partly private bank VIB for an undisclosed sum.

Banks and other financial institutions face paying two new taxes to fund future bail-outs, according to proposals by the International Monetary Fund.

Vietnam's consumer electronics devices market is projected to be worth around US$4.3bn in 2010, according to a new report.

Real estate developers in Southeast Asia should incorporate green building concepts to reduce potential financial losses, a study shows.

Authorities have removed the last lending rate restrictions with an expectation that banks will accelerate pumping money into the economy.

Toyota has agreed to pay the US government a fine of nearly $16.4 million for concealing gas pedal defects, an official said.

Mekong Capital has revived efforts to raise money for its fourth Vietnam fund after halving the amount it was targeting.

Vietnam's diary company Vinamilk welcomed 371 dairy cows from New Zealand, which arrived at Noi Bai International Airport, Hanoi.

South Korean steelmaker POSCO has said that its subsidiary POSCO-Vietnam's cold rolling mill has achieved the targeted level of production earlier than expected.

With inflation under control, cheap labour and sizable market, Vietnam presents investment opportunities.

Vietnam exported six million tonnes of rice in 2009, but the local rice growers are still finding themselves in a disadvantaged position.

Embattled Japanese automaker Toyota has decided to recall 870,000 Sienna minivans in the United States and Canada because of corrosion problems.

The price of ex-factory steel has remained unchanged for the past two weeks after it rocketed to VND17 million in just a few weeks.

Unilever Vietnam is honoured with the prestigious 1st rank Labour Medal by the President of the State of Vietnam.