US stocks gave up early gains on positive US economic data to sink lower Wednesday as worries over Greece’s future in the eurozone hit investor sentiment. GE shares surged on news that its financial unit was back to health, but poor earnings results for big retailers JC Penney and Abercrombie & Fitch sent their shares to double-digit losses. The Dow Jones Industrial Average finished down... 

The Techcombank Visa Platinum card has been rolled out for high-value VIP clients who enjoy travel, tourism and shopping. “In addition to the general advantage of the Visa Platinum card, Techcombank Visa Platinum card is the only international card product in Vietnam to provide concierge and lifestyle services in Vietnamese and English,” Dang Tuyet Dung, head of personal financial services at... 

The local market extended its losing streak to the fifth consecutive session on Tuesday as bearish sentiment stirred a sell-off. The VN-Index lost a hefty 14.04 points, or 2.99%, against the previous day to close at 455.65, making it the biggest single-day loss since the start of this year. The market slid in early trade but later ran up and hit the daily high of 467.63 before falling back in two... 

Some 83 State-owned groups, corporations and four banks as of May 9 have registered to cut expenditures with a combined value of nearly VND13 trillion, but some experts have played down the significance of the figure. According to the Ministry of Finance, the 83 State-run conglomerates (SOEs) registered to save nearly VND12.5 trillion, including VND3 trillion in management cost and VND9.4 trillion... 

The 2003 Land Law will be revised towards easing restrictions on farmland use right transfer, heard the fifth meeting of the 11th Party Central Committee that wrapped up in Hanoi on Tuesday. In particular, the authorities will continue to allocate land to farmers with possibly longer use terms to encourage them to make long-term investment in production, said a report on the Government web portal... 

Private gold traders and large firms have witnessed their businesses going down the tubes due to the new decree on gold trading control starting from May 25. Private gold traders suffering tough times According to Decree 24/2012/ND-CP signed by the Prime Minister, just a few enterprises will be eligible for gold bar trading with business certificates granted by the central bank. Gold firms are... 

With the Government’s newly-issued Resolution 13 in force, small and medium-sized enterprises (SMEs) and labor-intensive firms should register for a six-month extension of value added tax (VAT) payments for April, May and June, according to the HCMC Tax Department. After registering with tax authorities, they will not sit on the list of entities that are automatically classified as late taxpayers... 

Life insurer Manulife Vietnam has launched “More Benefits, Better Satisfaction,” to champion education and health programmes for customers nationwide. In cooperation with reputable education and healthcare partners, Manulife is offering special benefits to customers whose policies are issued from May 1, 2012 to April 30, 2014 and of annual premium fee from VND15 million ($718). These include a... 

Military-run Viettel Group on May 15 officially opened its Movitel mobile phone network in Mozambique, its major investment in Africa. With the $400 million investment, Viettel now has a presence in Asia, Africa and America. This network, according to company’s statement, represents 70 per cent of Mozambique’s fiber optic cable network and 50 per cent of the country’s mobile stations. The system... 

Vietnam’s Sacombank planned to raise $200 million via a dollar bond on overseas markets and proceeds would go to its banking business, the lender said in a statement. The Ho Chi Minh City-based bank would issue the five-year bond in the second or the third quarter of this year, subject to shareholder approval at a meeting on May 26, the bank said. Sacombank said it would list the bond on the...