Business

The number of smart phone users in Vietnam is expected to rise to 21 percent from the current 16 percent of mobilephone users by this year’s end.

Tighter control over the gold market has pushed gold shops to the brink of closure, and in response they’ve turned to selling other products.

National air carrier Vietnam Airlines said it would miss its business targets for this year due to increased competition from other carriers in the domestic market.

Vietnam has surpassed Brazil to become the world’s largest coffee exporter, according to statistics recently released by the International Coffee Organization (ICO).

Vietnam is one of Asia’s sleeping giants in terms of e-commerce with a young population eager to buy more online, said Bangkok Post.

Discrimination against women hampers progress in alleviating world poverty, the UN Secretary-General said.

Petrol prices has officially been raised by VND1,100 per litre from 5pm August 13.

Commercial banks in Vietnam have still using tricks to offer customers deposit interest rates higher than the regulated levels.

The Prime Minister has asked State commercial banks to reduce interest rates on loans for farmers in the livestock and fisheries sector while also giving them more time to pay back debts.

Many gas stations in HCM City are suspending operations as they are expecting a price hike to be realized soon.

Real estate developers in HCM City are cutting prices to promote sales of their apartments, especially in the mid-end segment.

Some petroleum wholesalers have been seeking approval for an increase of VND1,400 on petrol.

Faltering economic growth will undercut global oil demand this year and next, the International Energy Agency said Friday, citing slowdowns in China and the United States in particular.

Local traders have been mislabeling Chinese fruits and vegetables as consumers turn away from low-quality goods from China.

A wholly Taiwanese-invested company located in Hanoi were caught trying to sell fake motorbike accessories.

The euro has fallen in value against most major currencies in recent months as volatility on the foreign exchange markets has increased in the debt crisis, the European Central Bank said.

Total taxes exemptions and delays added up to VND10.7 trillion by the end of July, said the Minister of Finance.

Vietnam’s dragon fruit will be directly shipped to the US for food irradiation before being distributed to supermarkets across the country.

Foreigners still encounter problems with tax refunds on goods purchased in Vietnam subject to VAT.