Business

The lending interest rates have been pushed up to 20-22% per annum, forcing small and medium enterprises and individuals to stop borrowing money.

The second turbine of the Son La hydroelectric power plant in Son La Province started generating power for the national grid on April 20.

Vietnam may succeed in taming inflation if it stands firm on its policies to tighten the money supply, says one economist.

Many businesses still hesitate to opt for electronic invoices as they doubt the safety of the new invoice, which will be applied from May 1st.

Greater awareness of the real impacts of Intellectual Property Rights violations is key to fighting piracy and counterfeiting, experts said.

Apple nearly doubled its quarterly net profit on record iPhone sales but iPad sales dipped.

Nearly 35% of large, newly constructed homes in Vietnam’s capital are left unused.

HCMC’s consumer price index in April is estimated to have risen by 3.16%, the highest increase since May 2008.

Toyota said it will reduce auto production at its Chinese plants by 50-70 percent until June 3.

Samsung said it would take counter-action against Apple after the US firm filed suit alleging that the South Korean giant copied its smartphones and tablet computers.

Vietnam’s business confidence index fell by 17 points in the first quarter of 2011.

Industry insiders are weighing up whether taking part in the global production chain of well-known car brands or turning out locally-made cars.

An oversupply in office spaces is likely to bring about price reductions in the short term, according to Colliers International.

One third of the street lights in the capital have been switched off after 11pm every night from April to at least June as part of a power-saving scheme.

The State Bank of Vietnam has instructed commercial banks to submit plans by April 21 for holding credit growth this year at less than 20% .

Current investment models cause corruption and other problems due to investors’ excessive privilege, and should be replaced.

Vietnamese wholesalers will have to import 1 million tonnes of petrol during a two-month suspension of Dung Quat Oil Refinery.

Toyota Motor on Monday resumed operations at all its domestic plants that had been halted since the March 11 earthquake and tsunami.

Many hi-tech enterprises are planning to expand their business in 2011 and recruit a large number of workers.