Business

Mini supermarkets specializing in selling foreign products have recently mushroomed in Hanoi, putting on shelf a number of products which are, however, not officially brought to the country.

Bien Hoa Confectionery Company shareholders are worried that its brand name may be replaced by South Korean brand, Lotte.

Vietnam’s total import-export turnover was estimated at US$50 billion in the first quarter of the year, according to the General Statistics Office.

The first two months of 2012 witnessed a sharp year-on-year increase in exports of rubber products; but statistics showed that rubber exports remain dependent on a limited number of key markets.

The deputy minister of Industry and Trade just signed a decision to revoke the export and import license of Mekong Petroleum Joint Stock Co.

Mergers and acquisitions are on the rise as investors seek to be more profitable and avoid going bankrupt.

Instead of spending hundreds of billions VND to buy land in big cities and wait for the workers coming from small provinces, businessmen tend to set up production bases in the countryside to save money.

Vietnam is wasting huge amounts of land and income from land rental due to lax management.

The State Bank of Vietnam asked five state-owned commercial banks to cut spending and lower loan interest rates.

Danang, Hoi An, and Hue are some of the best destinations for meetings, incentives, conventions, exhibitions packages, according to MICE tour organisers

With growing competition from other regional countries, Japanese investors will make more careful investment decisions in Vietnam, experts said.

The Czech Republic always attaches importance to its relations with Vietnam and lists the country among 12 trade priority markets during the 2011-2015 period.

Despite the rising rice export prices, many farmers still have to pile up paddies in their houses since buyers, if any, always demand dirt cheap prices.

State-owned firms investing in non-core businesses hamper competition from the private sector, economists said.

The name of the country's tallest building, PVN Tower, will be changed after the PVN pulled out of the project.

Fraud and fake businesses will face fines of up to VND70 million in a recent bid by the government to protect consumer rights.

Businesses fear that they will not be able to access loans in US dollars when the tightened policy on lending in foreign currencies takes effect this May.

The Greek parliament formally ratified a second eurozone bailout scheme worth up to 130 billion euros ($170 billion) to save it from defaulting on its national debts.

The Ministry of Information and Communications has yet to make any official decision on the merger of VinaPhone and MobiFone, one official said.