Business

Vietnamese enterprises have some advantages in investing in Myanmar due to the economic situation and reforms in Myanmar that are quite similar to Vietnam in the past.

Traders will have to deposit USD240,000 in environmental fee charges to destroy outdated inventories that can't be re-exported or illegal temporary imports.

Automobile manufacturers, authorized distribution companies and private car dealers have always been suffering a constant anxiety about the changeable policies.

Smartphone sales in Vietnam are forecast to increase 5 percent year on year to 21 percent of total mobile phone sales in 2012, said an expert.

Major Japanese brandname firms announced factory shutdowns in China and urged expatriates to stay indoors ahead of what could be more angry protests over a territorial dispute between Asia's two biggest economies.

The race for capital among commercial banks has become fierce after the State Bank of Vietnam issued new regulations on the inter-bank market, which took effect on September 1.

The PM has appointed the Deputy Minister of Industry and Trade as the chairman of the Electricity of Vietnam Group.

President Barack Obama will launch a trade complaint against China over what his administration says is Beijing's unfair government backing of its auto industry, a White House official said.

Hundreds of urban and residential projects in Hanoi are now still on paper.

Gold bullion copying SJC has recently re-emerged on the market, dismaying both gold traders and the bars’ authentic producer, Saigon Jewelry Co.

Local gold buyers jostled to sell their bullion as domestic gold price skyrocketed to VND47.4 million a tael, the highest since September 2011.

Despite the increased number of illegal foreign traders in Vietnam, the Government has found it hard to prosecute them.

Apple did not violate patents owned by Samsung Electronics in making the iPod touch, iPhone and iPad, a judge at the ITC said.

Saigon Jewelry Co., the country’s sole gold bullion producer, has asked permission to turn gold jewelry into SJC gold bars to make up for the short supply.

The Federal Reserve unleashed a series of bold and open-ended steps designed to stimulate the economy by boosting the stock market.

Vietnam will temporarily suspended the import of outdated and second-hand manufacturing machinery from China.

The Government should offer more incentives for very mini-apartment projects, said a real estate company.

The higher threshold for personal tax income proposed by the government was put on the table at the National Assembly meeting.

The HCMC Industry and Trade Department has drafted a plan to expand exports by 16% annually this decade and double exports in 2011-15 to $100 billion.