Business

Vietnamese telecoms companies are no longer reliant on foreign partners, resulting in the withdrawal of foreign-invested companies from the domestic telecoms market, said an official in a report published by Vietnam Investment Review.

Samsung Electronics Co plans to add Apple Inc's iPhone 5 to existing patent lawsuits against its U.S. rival.

iPhone 5, the latest handset of Apple, arrived in Vietnam with prices ranging from VND22 million to about VND28 million.

Other banks have followed suit after the ACB increased their saving rate to 13% per year for 12 and 13 month terms.

Vietnam’s car imports have dropped to a record low in 43 months.

Representatives of the Asia Pacific Fishery Commission's member countries gathered yesterday in Da Nang to discuss ways to develop regional fisheries in a sustainable manner.

In the year to mid-September, seven of Vietnam’s agricultural export staples have entered the billion US dollar club, which includes commodities that bring in revenues worth at least US$1 billion for the country.

In a now familiar ritual, Apple's Asian fans jammed the tech juggernaut's shops in Australia, Hong Kong, Japan and Singapore to pick up the latest version of its iPhone.

HCM City’s consumer price index rose by 1.21 percent in September, according to the municipal Statistics Department.

The biggest difficulty facing local banking sector’s restructuring will be dealing with interest groups, said a local economist.

The ACB has just appointed its new chairman of board of directors after Tran Xuan Gia suddenly resigned from the position.

The State Bank of Vietnam has given the go-ahead for the Saigon Jewelry Co to convert 13 tons of gold bullion, or 350,000 taels, of other brand names into its national SJC brand.

Intermediary costs are among reasons prices of many Vietnamese products remain high, a Fivimart supermarket chain representative said.

Chinese Premier Wen Jiabao meets Europe's leaders as the two sides face a long list of trade disputes.

Bill Gates remains the richest person in the US with a fortune of $66 billion in 2012, Forbes magazine said.

Pham Trung Cang, vice chairman of Eximbank’s board of directors, have resigned for personal reasons.

Despite facing the highest rates of bad debts among credit institutions, it is by no mean easy for financial leasing firms to reclaim debts. Vietnam Financial Leasing Association general secretary Dam Duc Long sheds some light on the issue.

The Vietnamese Government will seek to boost trade relations with Germany by creating favourable conditions for German businesses investing in Viet Nam.

The chairman and two deputy chairmen of ACB, one of Vietnam’s largest banks, have resigned, the bank made the unexpected announcement today afternoon.