Business

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.

The number of users playing online games in Vietnam is forecasted to surpass 10 million by 2011, according to a new research.

Geotechnical Research Center (GTC) has been operating for over 20 years with thousands of research projects, technology application contracts.

Money transfer company MoneyGram International announced that Eximbank is the latest financial institution to join the company’s agent network.

The number of imported cars in March increased by 45% to a total of 3,649 vehicles, according to Customs' statistics.

Toyota said Thursday that it will test all its sports utility vehicles for safety after suspending sales of the Lexus GX 460 SUV worldwide due to a roll-over risk.