Stocks rally in HCM City, stall in Hanoi

Stocks on the HCM City Stock Exchange managed to close in positive territory on Feb. 3, but shares plunged on the Hanoi bourse due to heavy profit-taking.

Facebook worth $94B, private market says

A private market transaction completed Thursday may provide us with best the answer yet

Panasonic headed for record $10 billion annual loss

Japan's Panasonic Corp warned of a record annual $10.2 billion net loss, joining beleaguered rivals Sony and Sharp in a sea of red ink

Cbank cuts compulsory reserves for 5 lenders, boosts agricultural lending

The State Bank of Vietnam has cut the compulsory reserves in Vietnamese dong deposits for 5 lenders with large agricultural lending

Cooking gas suppliers call for import tax cut

The Vietnam Gas Association has called on the government and the Ministry of Finance to cut the import tariff slapped on cooking gas from 5 percent to 2 percent

Blue chips help lift HCM City indices

The benchmark VN-Index on the HCM Stock Exchange passed 400 points on Feb. 2, closing at 401.61, a 2.8 percent rise over the previous trading session.

Ministry seeks to raise poor's income

The Ministry of Labour, War Invalids and Social Affairs sets the target for this year to increase the incomes of households in poverty by 160 percent over last year's levels,

EuroCham slightly increases confidence in local economy

Business confidence and outlook among European businesses in Vietnam has stabilized and shown a modest increase after a steep drop last quarter, a recent report by EuroCham has shown

Milk, cooking gas announce shocking price hikes

Local cooking gas suppliers have recently announced enormous price increases, while earlier, milk producers also shocked consumers with their new prices

Christie's 2011 art sales hit record

Christie's shrugged off the euro zone crisis and slowing economic growth in 2011 to post record revenues, selling art worth 3.6 billion pounds, or nine percent more than in 2010