Business

The Vietnam National Petroleum should be divided into different independent companies to avoid the possibility of a monopoly developing, said experts.

Vietnam ranked 8th among the 50 countries which were most attractive for their software outsourcing in 2011, said the US-based AT Kearney consulting group.

Vinashin has asked the government to use the loan for the group's restructuring to repay tax debts.

Various airlines in Vietnam are working hard to finance their fleet expansion as increasing passenger demand presents a positive outlook for the industry.

One of the founders of the popular file-sharing Pirate Bay website, has been arrested in Cambodia, the local police have announced.

The Vietnam Automobile Transportation Association has shown their opposition to a proposal on raising certain types of taxes on motorbike and autos.

Apple Inc. is once again targetting Samsung Electronics Co. by taking aim at its rival's bestselling Galaxy S III phone.

Petroleum traders continue to complain over losses although prices have been raised four times just since July 20.

The Government Inspectorate will put four big state-run groups under the microscope after many state-owned enterprises’ misuse of state capital hits the headlines.

A number of real estate trading floors have disappeared or changed business after a time operating in the gloomy market.

A Japanese court rejected Apple's claim that Samsung stole its technology, dealing a blow to the iPhone maker which won more than $1 billion in damages in the US from its bitter rival.

Standard & Poor's cut its credit rating on Sharp Corp. to junk status, following huge losses at the struggling Japanese consumer electronics giant.

Dairy producers are battling to maintain market share as new competitors enter the market.

A Japanese court will issue a ruling in a bitter patent dispute between Apple and its South Korean rival Samsung, the latest case in a global battle between the two technology giants.

The domestic monetary market has become more stable after it was shaken by the news that several CEOs of local banks and a financial tycoon were arrested due to alleged illegal activities.

French leader Francois Hollande flies to Spain, brandishing his support for the crisis-torn nation as it seeks a saviour from potentially crippling market interest rates.

ASEAN nations can help avoid volatility in world rice prices, according to the Asian Development Bank.

German leader Angela Merkel was due to hold talks on her visit to China, with Europe's debt crisis taking centre stage.

Retail petrol prices yesterday increased by VND650 (US$0.033) per litre to VND23,650 while diesel rose by VND300 per litter to VND21,850.