Business

Vietnamese authorities have decided not to cut petroleum prices but have hiked import taxes on some products.

Toyota Vietnam has suspended for three months an engineer who exposed its technical faults in manufacturing.

Only 1% of Vietnamese companies use social networking sites as a marketing tool, while the world average is 54%.

State Bank of Vietnam Governor Nguyen Van Giau required commercial banks to maintain credit growth at 20 percent or less this year.

National monetary policy was on the right track, with credit growth falling to 6.92 percent in the first five months of the year, said an official.

Vietnam’s retail market ranking has slipped from first place in 2008 to 23rd place among 30 surveyed emerging economics in 2011,said a survey.

Two candidates to head the IMF backed out of the race, denouncing Europe's bid to hold on to the job.

An investment association recently proposed that the Vietnamese government should put a special fee on imported cars and motorbikes.

With the 2G service market almost saturated, mobile service providers are tapping the growing 3G market.

Vietnam Airlines has announced that it will increase the number of flights to Melbourne and Sydney, Australia to 14 per week as of June 13.

If Vietnam fails to curb its trade deficit, its forex market may become unstable in the long-term, said experts.

China's politically sensitive trade surplus expanded to $13.05 billion in May, government data showed Friday.

Vietnam’s retail market was becoming less attractive, with its global ranking falling nine spots to the 23rd place, according to a survey by A.T. Kearney.

Just within several days of early June, technology and security forums have reckoned hundreds of “.vn” websites which have been hacked.

Despite the recent price falls on the global market, Vietnamese petrol traders have yet to lower their retail prices.

Vietnam Air Petrol Company claimed that Jetstar Pacific owes it over VND180 billion (USD8.6 million) in backlog payments.

A divided OPEC failed to agree to boost output to cool high oil prices, which jolted markets and sparked criticism from the West.

Delegates to the mid-term donors’ consultative group meeting for Vietnam said that aid poured into Ha Tinh helped improve local people’s lives.

OPEC began a meeting amid uncertainty over the outcome, with clear divisions over whether the cartel should boost production to help revive growth.