Business

Samsung vows 'all measures' to keep products in US

S. Korea's Samsung Electronics vowed to take "all necessary measures" to keep its products on US store shelves, in response to Apple's request for a ban on sales of some smartphones.

Sufficient supply of petrol for domestic use: ministry

The Ministry of Industry and Trade has quashed rumours that Vietnam is running short of petrol for domestic use and said any hoard of this product will be strictly dealt with by relevant agencies.

Over half of Vietnam FDI from Japan between Jan-Aug

Japanese companies pledged to invest a total USD4.33 billion in Vietnam in the first eight months of this year.

Businesses ask for delay on salary increases

Some enterprises have asked for a delay on the planned adjustment to basic salaries, citing tough economic times as the reason.

Agro-forestry-aquatic exports estimated at 18 bln USD

Vietnam’s total export turnover of agro-forestry-aquatic products in the first eight months of 2012 is estimated at more than 18.1 billion USD, a year-on-year increase of 9.7 percent.

Thousands of containers stuck at Mong Cai Border Gate

Thousands of containers are stuck at Mong Cai Border Gate in the past six months, awaiting Chinese customs clearance permission.

Hanoi to put 10% tax on abandoned villas

Hanoi authorities proposed to impose new taxes on abandoned villa projects as a punishment to investors.

State Bank Governor: Banks return to normal after officials arrested

The Vietnamese banking system have returned to normal operations after ACB's top officials were arrested, said the SBV Governor.

Vietnam ranks third in Asian Consumer Confidence

Vietnam ranks third in Asian Consumer Confidence, after India and China, according to the latest MasterCard Worldwide Index for Consumer Confidence.

Trade to limit harm of East Asia island spats

China, Japan and South Korea are loath to let tensions over sea claims damage their economies, analysts say.

Discount tours fail to attract customers

Despite lower prices for tours this Independence Day, on Sept. 2, tourism companies have been finding it difficult to attract customers.

Apple triumphs over Samsung, awarded over $1 billion damages

Apple scored a legal victory over Samsung as a U.S. jury found Samsung had copied features of the popular iPhone and iPad.

S. Korea court says Samsung, Apple infringed patents

Apple and Samsung infringed on each other's patents on mobile devices, a Seoul court ruled Friday, awarding damages to both technology giants and imposing a partial ban on product sales in South Korea.

Traders seek another petrol price hike

Two petrol wholesalers proposed another rise in prices to the Ministry of Finance, which would see a VND1,200 increase per litre.

Luxury shops feel economic bite

Luxury shops located in Hanoi's up-market shopping centres are closing due to slow sales.

Trade deficit hits $62 million in eight months

Vietnam has run a moderate deficit of $62 million in the past eight months despite impressive export growth.

Fed nets $17.7 bn profit from AIG bailout

The US Federal Reserve said it had sold the last of its investment in insurer AIG, turning a $17.7 billion profit for the public from its 2008 bailout.

Gold prices show sharp increase

Gold prices in the domestic market rose sharply yesterday to VND44.7 million per tael, while global prices were US$1,656 per ounce (VND41.3 million).

International-standard healthcare in Vietnam

Peter Thompson, an expatriate businessman in Hanoi, shared his experiences after being treated for an acute coronary problem at the local Vinmec International Hospital.