Business

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.

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

Aquaculture has flourished in the central region in recent years, but is now encountering several problems.

Many real estate trading floors in Hanoi have closed due to the moribund property market.

The heads of the US Federal Reserve, IMF and OECD stepped up pressure on political leaders to tackle urgent economic problems.

The property market is likely to witness more mergers and acquisitions in the next 12 months if it continues facing capital shortage.

FDI projects in Vietnam have disbursed a total of $7.3 billion in the first eight months of 2011, said the Foreign Investment Department.

Vietnam’s first oil refinery Dung Quat has resumed operation after temporarily halting for maintenance, an official has said.

Vietnam’s agro-forestry-fishery export turnover reached USD16.4 billion in the first eight months of this year, a year-on-year rise of 34.2 percent.

Vietnam is finding ways to lower deposit rates in order to drag lending interest rate down in an effort to stimulate lending.

Apple's new chief executive Tim Cook has been awarded one million shares in the company, a bonus worth more than $383 million at the current stock price.

Hanoi’s price-stabilisation programme meets only 10% of consumer demand, said a local official.

Bank lending interest rates in HCM City have dropped to as low as 17% as banks have begun to cut rates that had reached up to 25%.