Business

Vietnamese retailers have expressed concerns about the increasingly competitive retail market, as the country plans to open up to an influx of foreign retailers in 2015.

International donors have pledged US$78.195 billion in official development assistance for Vietnam over the next 20 years.

A Taiwanese electronics company said Wednesday it has filed a lawsuit against South Korean tech giant Samsung for allegedly infringing on its optics technology patents.

The trend towards retail banking will only get stronger in Vietnam as banks realise the vast potential of the market, experts said at the ASEAN Banker Forum held in Ho Chi Minh City.

Foreign investment into China rose 5.77 percent on year in the first 10 months of 2013, the government said on Tuesday.

Despite more people being allowed to buy low income kind of housing, they continue to complain about various difficulties in purchasing these homes.

Qatar’s construction sector is rife with unacceptable working conditions for migrant labourers, according to a report released by Amnesty International on Sunday.

Installation work commenced on Southeast Asia’s longest submarine cable, in Phu Quoc island district, Kien Giang province, on November 17.

Vietnam’s export figures for October were up by a healthy 12.8%, compared to the previous month, reaching a total revenue of US$12.61 billion. Imports rose by 11% to US$12.51 billion.

Despite public concerns over unsafe vegetables, an official said that only 6% of marketed vegetables are unsafe.

The SBV has said they would encourage foreign credit institutions to contribute capital to help Vietnamese banks go through the restructuring process.

Vietnam’s first software village launched its initial phase at the Hanoi-based Hoa Lac High-Tech Zone on November 13.

Even though several multi-level marketing scams have caused a great deal of trouble, local authorities have been unable to fix the lax management over such schemes.

Apple and Samsung are grabbing virtually all the profits in the red-hot smartphone market while most other makers are losing money, an analyst said Thursday.

A delegation of nearly 50 European companies came to Vietnam looking for investment opportunities in several sectors including agriculture, food and tourism.

The 13th International Agriculture Trade Fair opens on November 14 with the participation of over 350 stalls from 200 local and foreign enterprises.

The steel industry, which is currently struggling to maintain production and settle its excess inventory, is seeking capital for its incomplete projects.

Hanoi authorities have just decided to shut down the Next Top Club, the biggest club in Hanoi, after uncovering various violations.

Vietnam and the European Union will hold regular dialogue and exchange information on tourism to ensure its sustainable development and competitiveness in both sides.