Business

While domestic enterprises have been falling into decay over the last two years due to the economic downturn, foreign invested enterprises still have been making profit and scaling up their production

Vietnam is expected to join the Top 10 manufacturing competitiveness list in the next five years, according to UK-based Deloitte Touche Tohmatsu.

The People's Council of HCM City ratified a resolution on four major economic goals for next year during its closing session.

VNPT and Viettel have illegally increased fees for data transmission by 45% -46%, one agency reported.

Apple CEO says the company will move production of one of its lines of Mac computers from China to the US next year.

Many labourers do not have high hopes for Tet bonuses this year.

The HCMC Tax Department sine early this year has inspected 16 foreign direct investment enterprises with transfer pricing signs.

Coca-cola has continuously reported losses in the last decade of operations in Vietnam despite its increasing revenue.

The arrest of banking mogul Nguyen Duc Kien indicated the difficulties of Vietnam’s economic situation to investors, one expert said.

Over half of Vietnam’s leading companies believe that the economy will not improve considerably in 2013, a report said.

The country's prime interest rate should be cut from 9% to 8% to help enterprises gain access to loans more easily, one agency has said.

Prices in the Hanoi real estate market, especially the high rise sector, are dropping, but have yet to attract customers.

Vietnamese automobile companies are racing to launch promotional programmes to attract customers to stave off sluggish sales.

Vietnam Air Petrol Company has been prosecuted for smuggling and tax evasion worth billions of dong.

EU finance ministers engaged in arduous talks aimed at setting up a new system for cross-border supervision of thousands of banks.

Nearly 3,000 handicraft villages are facing difficulties in finding markets for their products.

The Electricity of Vietnam Group is estimated to make a profit of VND3.5-4 trillion this year, one official has said.

The Ministry of Agriculture and Rural Development has asked foreign exporters to strictly adhere to its Circular 13, ensuring food hygiene and safety for local consumers.

Up to 23 multi-level or pyramid scheme marketing companies in Vietnam halted operations by the end of September.