Business

So far this year the State Bank of Vietnam has bought over 10 billion USD in foreign exchange, increasing the country’s reserves to a record high of more than 40 billion USD.

South Korean prosecutors have requested an arrest warrant for Lotte Group chairman Shin Dong-bin, the retail-to-chemicals group said on Monday, the latest twist in a broad criminal probe into the country's fifth-largest conglomerate.

Young population and increasing middle class have made Vietnam one of the most attractive emerging retail markets.

The Food Safety Inspection Service of the US Department Agriculture has added two more Vietnamese enterprises to the list of Siluriformes catfish exporters to the country.

The consumer price index in September increased 0.54 percent from the previous month and 3.14 percent from last December, the General Statistics Office said.

Columns of steam shoot from the ground at an Indonesian power plant sitting in the shadow of an active volcano, as energy is tapped from the red-hot underbelly of the archipelago.

As of September 20, new and additional pledges of foreign direct investment (FDI) has reached US$16.43 billion, accounting for 95.8% against the same period in 2015, the Foreign Investment Agency (FIA) announced on September 23.

Those working in the gold, jewellery and fine art trades are facing difficulties caused by the Government Decree 24/2012/NĐ-CP on gold trade management.

Despite being simplified, Vietnam’s customs procedures remain much more complicated compared to regional countries, affecting business competitiveness.

Vietnamese and British coffee enterprises are keen on doing more business together, Vietnam Coffee and Cocoa Association Chairman Lương Văn Tự said on Wednesday.

Hanoi Department of Information and Communications has just issued a USD2,461 fine to Hong Kong-based firm Sam Media Ltd., for their violations that affected some 94,000 mobile service users in Vietnam over three years.

Six deputy ministers of finance will not be able to use state-owned cars while travelling from home as of October 1.

Prime Minister Nguyen Xuan Phuc has approved an investment plan for a seaport and industrial park complex in northern Quang Ninh province proposed by three foreign investors.

The Vietnam Chamber of Commerce and Industry and 21 municipal and provincial authorities have signed an agreement to jointly create a favourable business environment.

Vietnam National Coal and Mineral Industries Group has faced a sharp decline in profits, while the group spends VND12 billion (USD571,420) a day on interest rates payments alone.

Vietnam Southern Food Corporation Limited (Vinafood 2), one of Vietnam’s two biggest food corporations, has racked up USD47.6 million in losses.

Starbucks launched its Starbucks® Teavana™ Handcrafted Beverages and Full Leaf Tea Sachets on September 20 as a core offering in more than 6,200 Starbucks stores across the China / Asia Pacific region, including Vietnam.

It seems that the heyday of bank shares has returned as capital from domestic and foreign investors is flowing into the banking sector.

Thai goods are flooding Vietnamese market and much sought after by Vietnamese customers for high and stable quality and reasonable prices.