Business

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Vietnam will temporarily suspended the import of outdated and second-hand manufacturing machinery from China.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

The sale of Vietnam’s popular Highlands Coffee to the Philippines’ Jollibee Foods Corporation earlier this year has surprised many.

PetroVietnam will focus on five core business areas and withdraw from others, according to the group’s restructuring plan.

The merger of two large mobile service providers Vinaphone and Mobifone became a hot topic at a conference held in Hanoi.

Apple introduced a new iPhone 5 with a bigger screen and slimmer body that analysts quickly branded a sure hit for the tech giant.