Business

Bringing Vietnamese goods to rural areas programme

To hold sway over the domestic market, Vietnamese companies must develop a long-term strategy to improve the quality of their products while maintaining reasonable prices and their prestige.

Old villas remain popular despite housing market slump

Despite the slump in real estate prices, old villas in Hanoi are still going for sky high prices.

New licensing for steel imports

The MoIT will apply automatic import licences to some steel products as of Sept. 20 in order to better manage imports.

Potential investors eyeing Vietnam's casino law

The draft law on casinos in Vietnam has stirred public opinion and the interest of potential investors.

Vietnam’s first BOT coal-fired power project gets steam drum installed

The lifting of the massive Unit 1 Steam Drum into the Mong Duong 2 BOT power project commenced today in Quang Ninh.

Vietnamese goods fall short in domestic market

Despite the slowing in sales of Chinese goods, Vietnamese companies have not filled in the gap.

Viettel to provide mobile service in Timor Leste

Viettel, the country's leading telecom firm, said it will invest in a mobilephone network in Timor Leste (East Timor) as part of its global business expansion plan.

Nokia to unveil Windows 8 smartphone in Sept: report

Finnish telecom giant Nokia and Microsoft plan to unveil a smartphone equipped with the US software giant's Windows 8 operating system on September 5, a report said.

1.8 billion USD to shorten Hanoi-HCMC railway

By 2020, it will have cost almost 1.8 billion USD to shorten the travelling time by train from Hanoi to HCM City, said a team of specialist advisors from JICA.

Standard Chartered fined $340 mn over Iran deals

Standard Chartered has settled allegations that it helped Iranian clients dodge US sanctions, announcing a fine of $340 million from a New York banking watchdog.

Transport fees rise following higher fuel costs

Transport fees are expected to increase at least 5% after the Ministry of Finance decided to raise petrol and oil prices.

Vietnamese firms co-operate with Facebook on underwater cable

Viettel and VNPT have made agreements with Facebook to co-operate to carry out a USD450-million project called Asia Submarine-cable Express.

Euro zone slinks toward recession

The European economy shrank over the past three months as slowing German growth and moribund conditions in France pushed the struggling region to the doorstep of recession.

Vietnam's smartphone users to reach 21 pct by year-end

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.

Gold shops turn to footwear sales due to slow trade

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.

Vietnam Airlines plans to change target

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 becomes world’s largest coffee exporter

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