Business

Vietnam’s production capacity of fertilizer is forecast to execeed demand by 2015 as many more fertilizer plants would start operations between 2012 and 2014.

Cement plants have been advised to change their technology to use coals which are more available in Vietnam.

Vietnam has committed to liberalising the express delivery market to level the playing field for both local and foreign express delivery companies.

Toyota announced a safety recall of about 1.5 million vehicles worldwide to fix a brake fluid leak that it warned can gradually diminish braking performance in the cars.

Top officials of Vinashin violated regulations and sent inaccurate reports regarding their operations, the government reported.

Prime Minister Nguyen Tan Dung acknowledged that the government and its affiliates were partially responsible for the bad performance of Vinashin.

Photos, possibly from a repair shop in Vietnam, have surfaced allegedly showing a prototype CDMA iPhone.

Vietnamese private equity firm Mekong Capital has partially exited its stake in Golden Gate Joint Stock Company, a restaurant chain operator.

Almost all commercial banks have complied with a pledge made earlier to reduce their deposit rates, but signs of reluctance are seen in the new move.

VietinBank begins construction of a USD400-million real estate complex in Hanoi on October 20.

The World Bank warned that capital inflows into fast-growing East Asian economies have inflated regional currencies and could threaten growth.

South Korea’s Lotte Group has reaffirmed its interest in a US$2-billion project to develop the country’s highest skyscraper on Thu Thiem Peninsula in HCMC.

Powdered milk prices in Vietnam have gone up 16 times in the last 3 years, according to the Vietnam Chamber of Commerce & Industry.

International Monetary Fund and central bank officials from around the world met in China Monday to discuss ways to boost the global economic recovery.

Vietnam’s bankers are turning to beer, bed sheets, crash helmets and a variety of other unconventional incentives in a fiercely competitive drive to entice new customers.

Russian oil company TNK-BP said it had agreed a deal with BP to acquire the troubled British oil giant's assets in Vietnam and Venezuela for 1.8 billion dollars.

A recent report suggests that violations of competition laws are negatively affecting the Vietnamese market.

Vietnamese businesses have responded well to the “Vietnamese Using Vietnamese Products” campaign since its was launched a year ago.

The Asian Development Bank sees cooperation between Vietnam, Laos and Cambodia as vital to their economic future.