Business

The Beijing Commercial Court ruled in favour of the Vinamit's ownership of the Duc Thanh brand name over a Chinese rival.

The Ministry of Industry and Trade has issued Circular 301 to ease the import of mobile phones, spirits and cosmetics.

Although the landmark 2,400 MW Son La hydropower plant was plugged into the national power grid recently, the potential for electricity shortages still loom across Vietnam.

Many economic groups from Southeast Asia have acquired Vietnamese companies, causing a shock to the local M&A market.

Vietnam’s goals for 2013 are to strengthen its macroeconomic stability, cut level of bad debt, reduce inflation, and strive for GDP growth of 5.5 percent and a 10 percent increase in export turnover.

Vietnam expects to attract 13-14 billion USD in foreign direct investment this year, according to the Ministry of Planning and Investment.

Vietnam’s tourism sector has set a target of 7.2 million foreign visitors for 2013, and expects to serve 35 million domestic tourists - respective increases of 5.15 percent and 7.69 percent from last year.

Air Mekong has been issued with a reminder after failing to pay its fuel bills with the Vietnam Air Petrol Company.

Starbucks Corp., the world’s biggest coffee-shop operator, will open its first store in Vietnam next month as it expands into its 12th Asian nation.

The state-owned Vietnam National Petroleum Corporation’s market share has fallen to only around 50% from a previous 60%, according to a recent report.

Asian markets were mixed on Thursday following the previous day's huge gains after US lawmakers agreed a deal to avert the fiscal cliff.

The Nong Son thermal power plant was left partially finished after the Chinese contractor refused to continue the project.

The International Monetary Fund has said that US actions to avoid the fiscal cliff did not go far enough to address the country's long-term fiscal deficit and debt problems.

Taiwan Semiconductor Manufacturing Co will soon start making microchips for Apple as the US tech giant reduces manufacturing contracts with its South Korean rival Samsung, reports said.

British PM David Cameron called on his fellow G8 leaders to start work now on agreeing "bold steps" to help boost global economic growth, ahead of a summit he will host in June.

The local people on Phu Quoc Island took the new year into an opportunity to rent out their motorbikes to earn some extra money.

The bad business environment has forced several large Vietnamese firms into bankruptcy this year, while others have had to merge.

On January 1, Cai Lan Port in the northern province of Quang Ninh received the first cargo vessel of 2013, the CHUETSU SPIRIT from the Philippines .

Remittances from overseas Vietnamese in 2012 may reach USD11 billion and may mark the highest level in the last four years.