Business

Some export giant tiger prawn processors are working at half capacity because of a shortage of raw crustaceans and consequent high prices.

Japanese auto giant Toyota said its domestic production would return to about 90 percent of pre-quake levels in June.

The World Bank will provide loan and four credits, totalling USD620 million, for development in Vietnam.

The retail sales value of goods and services increased by only 0.68 percent to VND156 trillion (USD7.4 billion) during May.

Increased domestic demand for gasoline would cause fuel imports to soar during the next few months, according to Petrolimex.

With tightened bank lending for real estate, large numbers of buyers are selling to cut losses.

The agricultural sector plans to raise the added value of its products by at least 20 percent in the next decade.

A audit of Greek finances to access a badly-needed slice of EU-IMF funds will conclude this week, the Greek finance minister said.

Japan's unemployment rate rose to 4.7 percent in April, up 0.1 percentage points from a month earlier, the government said.

Vietnam consumes billions of litres of beer each year and the figure is increasing.

France's Christine Lagarde sought to rally support for her bid to lead the International Monetary Fund, promising on a visit to Brazil.

Many commercial banks say that all their efforts to reduce lending to non-manufacturing sectors are unlikely to meet the schedule.

In HCM City, unlicensed street markets thrive, while licensed sellers see a continuing drop in customers.

Lorijon Bacchi, director of the Indochina region of the payment card network Visa, said Vietnam has had the strongest growth of all Visa markets.

Banks are forced to hammer out a way out for their gold deposit assets after commercial banks’ ban on gold lending.

Two-thirds of Vietnam’s 90 golf course projects are also involved in real estate and tourism resorts, according to a new report.

The Governor of the State Bank of Vietnam, Nguyen Van Giau, denied rumour on adjusting interest rates or putting caps on lending rates.

Power shortages have become one of the biggest barriers for investors doing business in Vietnam, experts said.

Citibank Vietnam has signed a contract to provide USD200 million in funding for the development of Vietnam’s power transmission network.