The comprehensive free trade agreement between Japan and Vietnam that will come into effect later this year is the latest manifestation of the crucial role that Japan has played in Vietnam’s evolution from command economy to market-oriented one.
President Barack Obama has revealed a long-awaited plan to tackle the US housing crisis, aiming to help up to nine million families.
A $14bn (£9.4bn) bail-out deal for the US car industry has failed to get Senate support, raising fears of job cuts and a possible industry collapse.
US President-elect Barack Obama says he will not allow the country's car industry to collapse, but any state help must come with strict conditions.