Business

More small banks have been merging into larger banks in Vietnam, a trend that is expected to result in difficulties for small and new companies.

The domestic tourism sector thrived during the National Reunification Day and May Day holidays, with sunny weather helping lift the number of vacationers by 20% compared to the same period last year.

A golf course complex costing VND5.5 trillion (USD260.5 million) will be built in Thanh Hoa despite abundant supply in the market.

Vietnamese exports to Algeria have steadily increased in recent times, up almost 40% year-on-year in 2013, making the North African nation one of the country’s largest export markets.

A jury awarded Apple $119.46 million, far less than it demanded, in a patent battle with Samsung over alleged copying of smart phone features, and the jury made the victory even smaller by finding that Apple illegally used one

Coffee, the key export of the central highland province of Dak Lak, is capturing an ever increasing share of the world market and is now exported to more than 60 countries and territories around the globe.

The high demand for tobacco in Vietnam has helped create a situation in which billions of cigarettes are smuggled into the country each year.

Food producers need to heavily invest to truly differentiate their products as competition is fierce from rivals, according to industry leaders and analysts.

Vietnam has reaped many successes in developing the software industry, but to expand the market of software products, it must pay more attention to human resources, product development, and support policies.

Of the more than 500,000 operating enterprises in Vietnam, up to 95-96% are small and super-small ones, said president of Vietnam Chamber of Commerce and Industry.

The global market for tablet computers went into hibernation in early 2014, ending a long run of sizzling growth, a survey showed Thursday.

Science Minister David Willetts wants a British spaceport up and running within five to ten years to take advantage of the growing space tourism industry.

Governor of the State Bank of Vietnam Nguyen Van Binh said this is the highest level ever and that interest rates will not exceed 1% from now until year’s end.

The Minister of Finance has proposed that the government strictly control the price of milk formula in the domestic markets.

The Supreme People's Court will declare the final sentence of former Chairman of the Vietnam National Shipping Lines (Vinalines) Duong Chi Dung and his alleged accomplices on May 7.

Singaporean businesses described Vietnam as a lucrative market thanks to its strong economic recovery and healthy business climate at an investment promotion forum held in Singapore on April 28.

The Vietnamese Government will do its utmost to create optimum conditions for businesses to improve productivity, quality, operational efficiency and competitiveness.

Vietnam welcomed over 3 million foreign tourists in the first four months of 2014, a surge of 27.3 percent over the same period last year, according to the General Statistics Office.

Vietnam's public debt may be 25% more than the country’s total state revenues this year and it may climb to 30% in coming years, according to the head of the Vietnam Institute of Economics.