Business

The Vietnamese Ministry of Finance decided to lower petroleum import taxes by 5% beginning December 1.

The leather and footwear industry will focus on products and quality of human resources, according to the new overall plan for the sector’s development until 2020.

Vietnam's national carrier will fly directly between the country's business hub, Ho Chi Minh City, and Beijing starting mid-December, the airline said.

Prof. Michael Porter says Vietnam's blooming real estate market could lead to an imbalance in its investment structure.

The Vietnam Chamber of Commerce and Industry held a meeting to gather opinions from experts about the second phase of its IT support project for enterprises.

Retail gas prices has risen by VND38,000 (USD1.9) per 12-kg canister, the highest price so far this year.

Vietnam registered additional 38.1 million phone subscribers in the first 11 months of the year, a year-on-year increase of 6.1%.

Vietnam’s industrial production value was ten times higher than that of 1991 and just fell down in 2009 when the global crisis hit countries around the world.

Economist Le Dang Doanh says enterprises need to reevaluate their operations and focus on strong points.

Nearly half of enterprises in HCMC have reported losses annually, many of them are FDI firms who have reported losses for ten consecutive years to avoid paying tax.

Vietnam will leave its benchmark interest rate unchanged in December even after inflation accelerated to a 20-month high.

Giant technology company HP earns a certificate for excellent service operation from the Technology Services Industry Association.

Prices of apartments in Hanoi are expected to drop by late 2011 or early 2012.

The first Vietnam supermarket in Cambodia will open in December, creating advantageous condition to sell and advertise Vietnamese goods to people in this neighboring country.

A recent conference suggested trends have proven to keep investors focused on upper-scale real estate projects.

Vietnam’s retail industry is expected to grow around 15-16% next year although obstacles to the development of the sector may not be removed pretty soon.

The eyes of motorcycle manufacturers worldwide are on Vietnam over a dispute of whether Honda’s name was used illegally by a local company to boost sales.

Vietnam is facing an oversupply in its market for coastline resort properties.

More than 500 organisations and businesses, including 62 units from Vietnam , are showcasing products at the 10th China-Vietnam border trade fair.