Business

Asian markets were mixed on Tuesday, with traders spooked by news that German business confidence had hit a 31-month low, wrangling over Greece's budget and uncertainty about Spain.

The Ministry of Industry and Trade has urged PetroVietnam to provide a report on its investment activities for the submission to the PM.

Vietnam is calling for foreign investment in the aviation sector, particularly for building new airports, as demand for air transport continues to grow at a rapid pace.

Continuing macro-economic risks is a main reason for the weakening of the Vietnam's competitiveness, discouraging foreign investors, said a local economist.

Many taxation and customs entanglements are causing ugly headaches for foreign-invested enterprises in Vietnam.

Vietnam’s trade deficit in September is estimated at $100 million, despite a $51 million export surplus in August, according to the latest statistics.

Vietnam’s September consumer price index increased 2.2% against last month, according to the General Statistics Office.

Electronics supplier Foxconn shut a factory in northern China following a brawl involving some 2,000 workers, officials said.

Hanoi has attracted more than 230 foreign direct investment projects since the beginning of this year, with a total capital of US$919 million, according to the city's Department of Statistics.

Vietnam has become China's largest coffee supplier as China has seen an increase in coffee import in recent years, according to a Chinese official.

Banks wanting to list shares on the nation's stock exchange will be required to satisfy tighter requirements on bank management, under a Circular issued by the State Bank of Vietnam.

The Vietnam Customs has announced a list of 16 export items surpassing $1billion in the past eight months.

Investors should have at least $4 billion worth of capital and 10 years of experience in tourism management to be allowed to open a casino in Vietnam, which is only open to foreigners.

Plenty of people in Russia are willing to plunk down some serious cash to be among the first in the country with a hot item this week, the new Apple iPhone 5.

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.