Business

‘Lucky’ mobile number agents on verge of bankruptcy

The business of ‘lucky’ mobile phone numbers which has brought big profits for retailers is likely to go bankrupt.

LG ties up with Philips, Sharp for smart TV apps

LG Electronics said it has tied up with Philips and Sharp to ramp up production of applications for Internet-powered televisions.

CPI forecast to slow further

CPI in September is expected to continue its decline at a rate of 0.8 percent, according to the Ministry of Industry and Trade's Market Watch Team.

Asian shares extend gains on manufacturing data

Asian markets rose for a fourth straight day Thursday following another gain on Wall Street thanks to upbeat US data, while Chinese manufacturing figures also provided some support.

Domestic gold savings to be tapped

The State Bank of Vietnam is mulling over a plan to attract and utilise gold accumulated in domestic savings.

Hanoi promotional programmes boom

Hanoi is experiencing a boom in promotional programmes, with shops adopting increasingly bizarre sales advertising.

Sony, Toshiba and Hitachi set for LCD unit merger

Sony, Toshiba and Hitachi said they planned to merge their small and medium-sized display businesses for smartphones and tablet computers.

Inflation slows growth of retail sales

The total value of retail trade and services reached $59.72 billion between January and August this year, reports the General Statistics Office.

Government approves tax relief on agricultural land

Beginning October 1, agricultural land which is used for research will be exempt from taxes.

Police tackle smuggling of fake merchandise

Nearly 2 million cases related to smuggling, counterfeiting, and other trade frauds have been uncovered in Vietnam.

Honda Vietnam protests against $160 million tax arrears

Honda Vietnam has filed a petition to the government after being told to pay tax arrears of VND3.34 trillion ($160 million).

Bank of America to sell China bank stake for $8.3 billion

Bank of America Corp is selling about half its stake in China Construction Bank for $8.3 billion, in its latest effort to shed assets and boost capital.

State Bank institutes foreign exchange cap

The State Bank has issued a circular that caps the amount of foreign currency individuals can exchange to USD100 in value per day they are abroad.

Banks told to raise foreign currency reserves

The State Bank of Vietnam raised the foreign currency compulsory reserves ratio by 1 percentage point to 8 percent of total deposits.

Insufficient investment in coastal economic zones

Though coastal economic zones were created to stimulate local economies, they have fallen short of expectations.

Private helicopter service opens in VN

Vietnam Air Service Company will cooperate with the Azur Helicopter Company of France and the Vinacopter Company to open Vietnam’s first private helicopter service.

Consumers cry foul over modest petrol price cuts

Consumers have been left disappointed by a recent meagre petrol price cut, with complaints of profiteering being levelled at distributors and retailers.