Business

A wealthy businessman has purchased Vietnam’s very first private helicopter.

Credit card fees  and rewards programs exacerbate income inequality by acting as a transfer of wealth from poor to rich, according to a new study.

In opening a factory in Vietnam, MHI Aerospace is taking a path that more and more companies are taking, driven by cheap labour and relative political stability.

The $470 million 12-year loan obtained by a unit of Petrovietnam will be used to finance the construction of a 750MW combined-cycle power plant.

Poor traffic infrastructure in Ho Chi Minh City has negatively impacted the luxury hotel business.

Data services will drive earnings growth in the sector as cellphone subscriptions hit saturation levels, an industry report said.

U.S. bank failures this year have surpassed a bleak milestone of 100

The domestic steel price, after 4 consecutive periods of decline, has suddenly jumped thanks to changes on the world market.

Formosa Plastics Group and China Steel Corp will team in Vietnam to tap the Asian steel market.

75 tonnes worth of prawns have died in a large-scale dilemma for farmers in Hoang Phu Commune, Thanh Hoa Province.

The Economist Intelligence Unit has lifted its forecast of Vietnam’s GDP growth rate in 2010 to 6.4 percent.

Salamander Energy Plc abandoned a well it drilled offshore southern Vietnam, terming the dry hole a disappointment.

Vietnam’s real estate market has seen rapid development in line with the country’s economic growth.

NTT Communications has announced plans to build data centres in Vietnam and Singapore under a strategy to expand business in Asia.

Vinaphone and Viettel have at last managed to almost sell out their inventories of iPhone 3GS and iPhone 3G.

Whilst Vietnam is still actively pursuing investments from overseas Vietnamese nationals, domestic companies are investing abroad, notably in real estate.

Bangladesh Food Minister Abdur Razzak said the government would import 50,000 to one lakh metric tonnes of rice from Vietnam soon.

The PetroVietnam Construction Joint Stock Corporation is planning to build a 528-m tower, the second tallest building in Asia.

Rolls-Royce has won a $240m share of an order from Vietnam Airlines for V2500 engines to power 36 Airbus A321.