Facebook friends Wall Street with planned $5 bn IPO

Investors have come down with Facebook fever after the social networking titan filed to go public and seek to raise $5 billion in the largest flotation ever by an Internet company on Wall Street

Real estate investors riding out hard times

Local property developers are finding ways to survive the gloomy property market which experts say is unlikely to recover in 2012

Firms urged to use e-commerce to increase exports

E-commerce is considered an effective measure helping businesses, especially small and medium-sized enterprises (SMEs), to reduce direct transaction costs during times of economic downturn, according to the Ministry of Industry and Trade.

Distribution Market Heats Up

Competition in Vietnam’s distribution market is getting fiercer, with the appearance of giant foreign retailers and the opening of many new shopping centers, supermarkets and convenience stores throughout the country

Metro Keeps Moving Forward

Metro Cash & Carry has seen its business growing beyond expectation over the past 10 years of operation in Vietnam. The German wholesaler is on track for its business expansion plan, with wholesale stores opened in different locations to penetrate the fast growing distribution market.

Yahoo! co-founder Jerry Yang resigns, shares jump

Jerry Yang, who co-founded Yahoo! nearly 17 years ago and had an ill-fated stint as chief executive, resigned on Tuesday from all of his positions with the struggling Internet company

Fuel company fears losing money owed by partner

Vietnam Airlines’ jet fuel arm Vinapco said it might not be able to recover the VND24 billion ($1.14 million) it lent to the now bankrupt Indochina Airlines

Tanker drivers suspended for theft

Three oil tanker drivers working for two Petrolimex subsidiaries in HCM City have been suspended for allegedly stealing petrol while transporting it.

More Japan firms eye local consumer market

HCMC – More and more Japanese enterprises are looking to enter Vietnam as a consumer market rather than a manufacturing base as before, said a consulting company for Japanese investors.

Mysterious man sets fire to sleeper bus in HCMC

A man set fire to a sleeper bus owned by Nguyen Khang Company and fled, leaving the bus in flames last Tuesday evening in Ho Chi Minh City’s Mien Dong Bus Station