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  Collective Brands Inc., the retailer that said in August it’s reviewing strategic options, will open its first Payless shoe stores in Vietnam, Thailand and Korea this year. The company plans to open 16 stores through franchise agreements in the three countries this year, LuAnn Via, who heads the Payless...

  Vietnam’s bonds rose Thursday on speculation policy makers will take steps to improve the supply of cash in the banking system, boosting demand for government securities. The dong strengthened. Prime Minister Nguyen Tan Dung instructed the central bank to “solve” liquidity problems in the...

  Japan’s JX Nippon Oil and Energy Corp and Venezuela’s state oil company PDVSA could sign a memorandum of understanding with Petrovietnam to join the expansion plan of Vietnam’s Dung Quat oil refinery, a local newspaper said on Wednesday. Vietnam’s state oil and gas group has offered...

  Vietnam’s dong climbed for a second day on speculation demand for foreign currencies will weaken as the nation’s imports slow and the trade deficit narrows. Government bonds fell. The country’s trade gap shrank to $100 million from a revised $269 million in December, as imports declined to...

  Banks in Australia, New Zealand, South Korea and Vietnam are among the “most exposed” in the Asia-Pacific region to a sudden worsening of Europe’s sovereign debt crisis, Moody’s Investors Service said. The Australian, New Zealand and Korean banking systems’ dependence on foreign...

Natcom is a joint venture between Vietnamese mobile operator Viettel and the Haitian government. Vietnam ’s telecom giants Viettel and VNPT both have ambitious plans for 2012, targeting overseas expansion because the domestic market is no longer big enough, the Dau...

Local gas distributors have raised the price of a 12-kilogram cylinder by VND42,000 (US$2) this month. The Vietnam Gas Association is requesting the government to cut the import tax on cooking gas to 2 percent from 5 percent so that retail prices can be lowered. If approved, the tax reduction will allow gas prices to be cut...

  Vietnam’s bonds rose, pushing yields to the lowest level in nearly four months, on speculation lenders have surplus cash to purchase government securities. The dong gained. The availability of funds at Vietnam’s banks has improved following the Lunar New Year holidays that ended on Jan. 27, Nguyen...

Vietmamese developers are targeting the world's expanding mobile app market Vietnamese mobile application developers say their business is growing at a fast pace due to a strong demand in overseas markets. Le Duc Bao, director of AntTek, said his company started developing mobile applications for foreign markets last April...

The State Bank of Vietnam pumped VND71 trillion into the market in the last two weeks before the Tet festival. The central bank’s supply of money through open market operations in January, which helped improve the liquidity of commercial banks, will not fuel inflation, an official says. A relatively large amount of cash...