Business

Samsung vows counter-action over Apple patent suit

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 continues to fall

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

Auto sector at the crossroads

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

Oversupply to cause downward pressure on office rental

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

Hanoi adopts power conservation plan

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.

Banks told to lower credit growth to 20%

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% .

Vietnam restricts investors' privileges for better efficiency

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

Second Dung Quat’s suspension will add to petrol shortage

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

Toyota resumes production at all Japan plants

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

Hi-tech labor force in higher demand as companies expand business

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

Demand for natural gas will require Vietnam to import

PetroVietnam Gas Corp plans to begin construction on a USD2-billion port for liquefied natural gas imports.

OPEC concerned over high oil price: Badri

Secretary general of OPEC Abdullah El-Badri said that oil producers are "concerned" at high crude prices.

Foreign IT giants promote cloud computing in Vietnam

A number of international IT giants are speeding up their cloud computing development in the fast-growing market of Vietnam.

Cleaner production, more sustainable business

Worldwide Fund for Nature is encouraging enterprises in Vietnam to apply cleaner production methods.

IMF, World Bank see more economic peril ahead

Global finance chiefs have warned that rising food prices, unanswered joblessness and Mideast turmoil could derail economic recovery.

Bosch-Vietnam opens hi-tech facility

The German-based Bosch Group has opened a high-tech facility for manufacturing push-belts in the southern province of Dong Nai.

Vietnam may face more regular power price hikes

PM Nguyen Tan Dung has issued a decision to allow an adjustment in power price at least once every quarter beginning June 1.

GM leads in clean energy patents: study

General Motors received more clean energy patents in the past year than any other company, a study released Friday said.

Salt producers abandon fields as prices and productivity fall

Salt farmers nationwide have been caught in such a difficult situation that many have left their fields idle even as peak production season looms, local reports say.