Business

Vietnam imported 3,000 complete built unit automobiles in January, down 49.8 percent from the same period last year, according to the General Statistics Office.

Japan's Panasonic on Friday warned it would see its worst-ever net loss of 780 billion yen ($10.2 billion) for the year to March, blaming the strong yen, flooding in Thailand, and acquisition costs.

High methanol content was detected in two of 27 petrol samples sold in five cities and provinces.

Vietnam is speeding up a USD201 million project to upgrade an inland waterway corridor in the Red River Delta region.

The Vietnam Gas Association is seeking approval to lower gas import tax from 5% to 2%.

European companies list Vietnam’s high inflation and corruption as problems affecting their operations.

The State Bank of Vietnam has fined three more businesses for listing their tour prices only in US dollars.

According to Ernst & Young, the inflation rate and GDP growth of the country may come out below the target rates.

Prime Minister Nguyen Tan Dung has signed a decision to ratify an import/export strategy for the period 2011-20 with an orientation towards 2030.

Inflation should be brought down to 5-7% in 2012 to stimulate a healthy business environment, an economist says.

Fred Hochberg, President of the Export-Import Bank of the United States and other high-ranking leaders of the bank will pay a visit to Vietnam from February 5-8.

Gas traders in HCM City have increased retail prices for the third time in a month, taking prices to VND425,000 for a 12-kilo canister.

Jetstar Pacific, the first low cost air service provider in Vietnam, offers the cheapest ticket fares in the world, according to a survey of Spanish e- commerce travel company eDreams.

Vinalines announced a pre-tax profit of VND62 bn in 2011 after it suffered losses of up to VND660 bn in the first half of the year.

China is bracing for renewed calls to ease its rare earths controls after the WTO ruled Beijing's limits on key raw material exports broke trade rules, the China Daily said.

Vietnam will set up offices in several promising markets including the Middle East this year to promote its goods and also attract investment.

Eight years after its launch, social networking giant Facebook is poised to file papers for an initial public offering seeking to raise at least $5 billion.

Enterprises are facing labour shortages after Tet as many workers have yet to return to work following the break.

Though the Vietnamese payment card industry has posted impressive growth over the last 20 years, most local cardholders still use the cards for cash withdrawal, rather than conducting their payments with them.