VnExpress News The News Gateway of Vietnam

Steel prices have dropped for the eighth time in a row since mid-May with a total decline of nearly 13 percent. Biggest steelmaker Hoa Phat Group brought its prices of rolled steel and rebar steel down for the eighth time last weekend, bring prices down by VND2.4 million ($102.61) since …

South Korea’s central bank raised its policy interest rate by an unprecedented half point on Wednesday, aiming to pull inflation from 24-year highs while balancing fear of a sharp economic downturn as business activity flounders. Though 6 percent inflation prompted calls for action, a policy rate widely seen peaking by …

A smuggling ring had bribed Coast Guard officials with VND2 billion ($86,000) per month to bring gasoline from Singapore to Vietnam. According to a verdict heard at an ongoing trial in Hanoi, Phan Thanh Huu, the leader of a ring accused of smuggling gasoline from Singapore, and his son have …