Business

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.

State-owned enterprises will have to sell all their term deposits in USD, with the total value of $376 million, to commercial banks.

The nation's industrial production reached VND198.7 trillion (USD9.5 billion) in the first quarter of this year, up 14.1% from a year earlier.

Petroleum price hikes may raise Vietnam’s consumer price index by 0.4% this month, said a local official.

Gold and foreign currency speculation has dropped after the government’s recent crackdown on unofficial trading.

The Minister of Industry and Trade told the National Assembly last week that the power supply problems would worsen in the coming months.

Spain, struggling to avoid a debt bailout, will miss key public deficit targets this year and next, the central bank warned Wednesday.

The euro struck a ten-month high point against the yen, as traders expected hikes to eurozone and US interest rates in the near future.

Vietnam’s crude oil exports have gone up by 15.7%, while petrol imports have risen by more than 50% in the first quarter.

The World Bank on March 30 approved a total loan of USD570 million to support Vietnam’s development efforts.