Business

After a startling price hike in December, gas price was reduced by VND 43,000 (USD2.03) per 12-kilo canister beginning from January 1.

The Binh Son Refining and Petrochemical Company, which manages and operates the Dung Quat Oil Refinery, will strive to churn out more than 5.18 million tonnes of products in 2014.

Owners of unlicensed online trading sites will be fined up to VND100 million (USD4,731), according to a new government’s regulation.

Prime Minister Nguyen Tan Dung yesterday pressed for all possible measures to be adopted to ensure effective use of next year's State budget.

Ho Chi Minh City remains its top slot in the Vietnam E-commerce Index 2013 which was announced by the Vietnam E-commerce Association (VECOM) in a ceremony in Hanoi on December 30.

The emerging of a third platform (Cloud, Big Data, Mobility and Social) will change the main themes of the IT and telecoms market in Vietnam in 2014, according to a report listing the top 10 predictions for next year's ICT.

Only 20-30% of Vietnamese real estate firms are forecast to survive through the next year, said the Vice Chairman of HCM City Real Estate Association.

Vietnam’s exports are forecast to enjoy a good year in 2014 thanks to the country’s efforts to expand markets and new opportunities generated from trade deals.

PM Nguyen Tan Dung and many other government officials agreed on loosening regulations for foreigners on home-ownership in Vietnam.

The National Oil and Gas Group (PetroVietnam) and a consortium of three companies signed a contract for the Long Phu 1 thermal power plant in Hanoi on December 28.

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.