Business

The Hong Kong-based GaoLing Fund has bought a 24% share in Bien Hoa Vinacafe (VCF) for VND877.5 billion.

In 2013, Ho Chi Minh City, which is Vietnam’s economic and business hub, saw the establishment of 26,000 new businesses and at the same time the dissolve of the existing 19,000 businesses due to economic difficulties.

Vietnam’s 126 investment projects totally capitalised at US$3.023 billion had been licensed in Cambodia by October 2013.

Apple has asked a federal judge to bar US sales of Samsung smartphones and tablet computers in the blockbuster patent case involving the two electronics giants.

As Tet nears, people usually rush to buy train tickets to go to their hometowns, but this year ticket sales are very slow.

The middle and affluent class (MAC) in Vietnam will double in size between now and 2020, from 12 million to 33 million consumers, a survey of the Boston Consulting Group has found.

A senior trade official has hailed 2013 as a successful year for Vietnamese exporters in general, especially those ship goods to the US.

Toyota Japan’s luxury Lexus brand has officially debuted in Ho Chi Minh City on December 26, adding a new member to Vietnam’s high-end car market.

The supply of seafood in Vietnam is expected to fall considerably in the near future because of rising fuel prices and bad weather.

Auto sales in HCM City are likely to dip this month because many customers are waiting for a registration fee cut to come into effect from January 1, 2014.

This year is the first time that, not only Vietnam Airlines but all other domestically held carriers have reported profits.

Vietnamese mobile service providers have integrated their content applications with sim cards without revealing their activities to customers.

The November Market Review by global rice market news provider Oryza has shown that that the price of Vietnamese rice remains the most expensive across Asia.

The United States said Tuesday it harbored "many concerns" over China's business practices, despite significant progress since the country's 2001 accession to the World Trade Organization.

Vietnam and Cambodia will start the construction of Chrey Thom bridge on January 14 to meet the increasing need for transport and trade between the two countries, said the Cambodian Ministry of Public Works and Transport on December 24.

Vietnam has become the third largest shrimp producer in the world, with an output of 548,000 tonnes in 2013, one agency said.

Vingroup has officially opened its Vincom Mega Mall Times City complex in Hanoi on December 24.

An EPC (engineering, procurement and construction) contract for Vinh Tan 4 thermal power plant construction in southern Binh Thuan province was signed in Hanoi on December 23.

A wholly-foreign company has just won a lawsuit against Binh Thuan People’s Committee, which could set a precedent for other foreign investors to follow when facing administrative barriers in project development.