Business

Vietnam may have to deal with cement shortage of 30% in the local market this year due to lower supply.

Hanoi may soon witness a redundancy in high-end offices for rents due to the oversupply coupled with low demand.

Vietnam National Petroleum Corporation announced a loss of VND2.6 trillion in the first quarter mainly due to exchange rate risks.

The electricity consumption in Vietnam is still higher than other countries in the region, said Minister of Industry and Trade Vu Huy Hoang.

Retail prices of both locally-made and imported medicines have sharply increased over the past few weeks.

Economists and other experts have urged the government to open up the gold market rather than restrict it as it has been doing for the last few months.

The Vietnam Southern Food Corporation has assured Ho Chi Minh City it will ensure sufficient supply of rice to keep its prices stable.

After a halt of nearly two weeks for equipment checks, Dung Quat oil refinery has resumed operations since April 2.

Hanoi has begun stronger enforcement on illegally-traded houses for low-income earners and strictly deal with the violators.

Japanese business confidence is set to plunge in the months following the March 11 earthquake and tsunami and subsequent nuclear crisis, the Bank of Japan said.

Vietnamese businesses, especially small and medium-sized ones, have relied primarily on outsourcing work which is not suitable for the US market.

Toyota Vietnam on Friday admitted that there were technical problems with nearly 9,000 cars of the Innova model, but said a recall would not be necessary.

Facebook and co-founder Mark Zuckerberg have been hit with a lawsuit seeking more than $1 billion in damages over a page on the social network.

After ten years of implementing policies on encouraging the development of IT, software firms still cannot attain domestic client.

The unofficial foreign currency trade in Hanoi has found ways to adapt to recent Government enforcement measures.

The US private sector boosted hiring in March, driving the unemployment rate to a two-year low, the government said Friday.

Microsoft declared war on Internet king Google when it joined an anti-trust complaint in Europe that could result in billions of dollars in fines.

Agents authorised by commercial banks to buy USD are finding it hard to entice transactions.

Retail sales value of goods and services was estimated at VND451.8 trillion (USD21.5 billion) in the first quarter of the year.