|Friday, May 18, 2012
Friday, May 18, 2012
Metro Line No. 1 project to get going this September
HCMC � HCMC vice chairman Nguyen Huu Tin on Wednesday urged district
authorities to promptly hand over cleared site for the Metro Line No. 1 project
to get off the ground in September this year.
Big layoffs reported at city�s IPs, EPZs
HCMC � Thirteen firms at industrial parks and export proces...
|Wednesday, May 16, 2012
Wednesday, May 16, 2012
Gov�t approves resolution to ease difficulties against businesses
The Government has issued the Resolution 13/NQ-CP which covers a series of
measures to ease difficulties against businesses and support the market in the
wake of economic harships.
VN, Russia eye $10b trade
Viet Nam and Russia targeted to reach a trade turnover of US$10 billi...
|Tuesday, May 15, 2012
Tuesday, May 15, 2012
Binh Duong attractive to Japan investors
HCMC � The southern province of Binh Duong last Friday granted the
investment certificate for a project of Japan-based Dai Nippon Printing (DNP)
after having attracted over US$1 billion in Japanese investment commitments this
Developers and buyers snub low-cost condos
HANOI � Developers are indiff...
|Monday, May 14, 2012
Monday, May 14, 2012
Supporting industry expo to join Metalex, Nepcon 2012
HCMC � The HCMC supporting industries expo will be organized under the same
roof with two other expos Metalex Vietnam and Nepcon Vietnam in October,
organizers announced after cutting a deal to this effect on Thursday.
Many SOEs slow in restructuring
HCMC � A slew of State-owned enterprises (S...
|Thursday, May 10, 2012
Thursday, May 10, 2012
Vinasat-2 launch set for next Wednesday
HANOI � The telecom satellite Vinasat-2 invested by the Vietnam Posts and
Telecommunications Group (VNPT) will be sent into orbit at 5 a.m. next
Wednesday, four years after the launch of Vinasat-1.
Hotel room rates slashed amid low occupancy
HCMC � A slew of hotels in HCMC, one of the country�s key dest...
|Wednesday, May 9, 2012
Wednesday, May 9, 2012
Outbound tourism grows, domestic segment weaker
HCMC � More Vietnamese people tended to opt for outbound tours during recent
holidays, while domestic travel fared poorer, according to HCMC�s Department of
Culture, Sports and Tourism.
State budget loses VND4.36 tril. on car import drop
HCMC � A 51% decline in import value of completely built-...
|Tuesday, May 8, 2012
Tuesday, May 8, 2012
State bank sets 15 pct lending rate cap to aid firms
The State Bank of Vietnam (SBV) yesterday issued a new circular, imposing a 15
per cent cap on lending interest rates for four preferential sectors, starting
next Tuesday, May 8.
Developers adopt new survival strategies
The State Bank of Viet Nam has loosened its grip on real estate loans rece...
|Monday, May 7, 2012
Monday, May 7, 2012
Government looks to cut interest rates
The interest rates cap is likely to be further lowered to ease the credit
crunch that has driven numerous enterprises to dissolution, the Government's top
leader said at a monthly Cabinet meeting yesterday.
Inflation forecast to hit single digits
Inflation eased to 10.5 per cent year-on-year in April from 14....
|Thursday, April 26, 2012
Thursday, April 26, 2012
C.T Land, Korean firm cut deal to develop logistics
HCMC � C.T Land, a subsidiary of C.T Group, on Tuesday signed a memorandum
of understanding with CJ GLS Co. Ltd., a unit under South Korea�s CJ Group, to
jointly develop the logistics system in Vietnam.
Property market needs unfavorable policies removed
HCMC � Credit supply at affordable l...
|Wednesday, April 25, 2012
Wednesday, April 25, 2012
High inventories bar inflation
HCMC � The consumer price index (CPI) of April slightly inches up 0.05%
against March due to high inventories as a result of shrinking purchasing power.
VSIP licensed for new township project in Quang Ngai
HCMC - The Vietnam Singapore Industrial Park Joint Venture Co. (VSIP JV) on
Monday received an investme...
|Monday, April 23, 2012
Monday, April 23, 2012
Prime Minister okays new financial strategy
Prime Minister Nguyen Tan Dung has approved a financial strategy through
2020, under which the stock market will be restructured to ensure a more co-ordinated
and balanced development among the stock, bond and derivatives markets.
Overseas Vietnamese shun stocks
Overseas remittances have increased ste...
|Thursday, April 19, 2012
Thursday, April 19, 2012
Measures aim to restrict bad debt
Credit institutions, including foreign bank branches, which have high bad
debts or violate the regulations on capital contributions or share purchases
from other ventures, will have their credit growth restricted, according to a
circular from the State Bank of Viet Nam.
Roadside parking spaces set to go
|Wednesday, April 18, 2012
Wednesday, April 18, 2012
Bleak outlook forecast for seafood firms
CAN THO � Some 20% of the seafood enterprises are forecast to go bust or
face stagnant production this year for several reasons, said Nguyen Huu Dung,
vice chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP).
Economic restructuring should start first with SOEs
DANANG � St...
|Tuesday, April 17, 2012
Tuesday, April 17, 2012
Vietnam Q1 loans drop 1.96 pct vs end 2011-cbank
Vietnam's outstanding loans at the end of March dropped 1.96 percent from
the end of 2011, the central bank said on Tuesday.
PGBank targets 700b dong pre tax profit in 2012
The annual general meeting of Petrolimex Group Commercial Joint Stock Bank
(PG Bank) has recently agreed this year busines...
|Monday, April 16, 2012
Monday, April 16, 2012
Economic downturn forecast to hit Vietnam again
HANOI � The country�s leading experts have voiced concern that Vietnam is
entering into a fresh battle to stave off yet another economic downturn, citing
the central bank�s latest ceiling deposit rate reduction.
Ceiling interest rate reduction to 12 percent causes shock
Though the State Bank of Vi...
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