Business

Vietnam’s export turnover from footwear products in the first eight months of 2011 is estimated at US$4.18 billion, a year-on-year increase of 29.2 percent.

PM Nguyen Tan Dung has outlined the key task for the remaining months of the year – to continue with a tightened monetary policy while allowing credit for production.

The sources of China's stunning economic growth over the past 30 years are beginning to lose their punch, highlighting the need for reforms, World Bank President Robert Zoellick said.

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

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

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 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.

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

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

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

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

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

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

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 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.

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.

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

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

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.