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  • Transport must be in harmony with each locality’s conditions
    on Feb 3, 2011 in Industry
    Transport Minister Ho Nghia Dung talked to Thoi bao Kinh te Viet Nam (Vietnam Economic Times) about the need for more diversified financial resources for investment in traffic infrastructure. Viet Nam’s Socio-Economic Development Strategy for 2...
  • The “Sony effect” among foreign invested enterprises?
    on Feb 3, 2011 in Investment
    Experts have warned that foreign invested enterprises (FIEs) in Vietnam now prefer importing goods to sell domestically instead of setting up production bases in the country. Retailing, not manufacturing Two years ago, the announcement by Sony Vietna...
  • New hopes for FPI in 2011
    on Feb 3, 2011 in Investment
    It is predicted that in 2011, there will be a greater flow of foreign portfolio investment (FPI) in Vietnam Louis Nguyen, Chair and Chief Executive Officer of SAM, a fund management company, relates that in 2010, foreign investors said that their big...
  • Vietnam aims for a place in the top three garment and textile exporters
    on Feb 1, 2011 in Garment Textile
    “In 2011, the garment and textile sector should strive to be among the top three garment and textile exporters in the world”, said Deputy Prime Minister Hoang Trung Hai at a recent conference to implement the sector’s tasks for 20...
  • Preserving values of festivals
    on Feb 1, 2011 in Tourism
    Vietnam currently has over 8,000 festivals from grass-roots to national levels that can be divided into such categories as folk, historic-revolutionary, religious, foreign-origin, and cultural-sport-tourism. The last category has emerged during the c...
  • Interest rates wing clipping for businesses
    on Feb 1, 2011 in Banking-Finance
    Businesses suffer from a chronic capital shortage. However, the problems seems more serious in 2011, as commercial banks plan to tighten credit. Tran Ngoc Anh, Director of Do Ba Company Ltd, says that in general, a footwear company can get a gross pr...
  • Paradise found
    on Feb 1, 2011 in Tourism
    Looking for somewhere new to discover or explore in Vietnam? Pham Ha, CEO of Luxury Travel, selects five must-see destinations for 2011 The Mekong Delta A new experience this year is taking a river barge cruise on Song Xanh and discovering floating m...
  • Trading on a rock solid reputation
    on Feb 1, 2011 in Import-Export
    Vietnam has become more active in negotiating and participating in free trade agreements (FTAs) both at regional and global levels as part of its increasingly deep global integration. Deputy Industry and Trade minister Nguyen Cam Tu tells VIR about t...
  • Hanoi real estate most expensive in Vietnam
    on Feb 1, 2011 in Markets
    In 2010, the real estate price in Hanoi increased by 30 percent. In some areas the land prices increased by 100 percent or more. Experts say there are latent risks in Hanoi’s real estate market. Money pouring in again Despite simply owning a ga...
  • Housekeeping services in demand during Tet
    on Feb 1, 2011 in Industry
    Many companies are now offering a one-off service during Tet: housekeeping in Vietnam. The Lunar New Year is the biggest festival in Vietnam and many people go away on vacation, especially to take advantage of the long holiday, but a myriad things st...
  • Oil rig safety laws need boosting
    on Sep 30, 2010 in Oil-Gas & Petroleum
    Viet Nam needed to strengthen risk-control aspects of several laws as part of efforts to enhance the safety of offshore oil and gas operations, speakers said at a seminar held in HCM City yesterday. They also highlighted the need for strict, regular...
  • Oct 1: gold, dollar in Vietnam ease
    on Sep 30, 2010 in Markets
    Local gold prices on October 1 slightly fell to VND31.18million/tael and VND31.27million/tael, respectively, down VND60,000/tael-VND70,000/tael from last close while dollar prices in the free market turned round to VND19,670. Local gold prices on Oct...
  • Thailand boosts tourism in Vietnam
    on Sep 30, 2010 in Tourism
    Thailand will focus on developing strategic tourism areas, especially in labouring countries like Vietnam, said Thai Deputy Minister of Sports and Tourism Vichai Srikwan at a press briefing in Ho Chi Minh City on September 30. As many as 16 tourism a...
  • VN to increase investment in Northern Laos
    on Sep 30, 2010 in Investment
    Vietnamese businesses operating in eight northern provinces of Laos have met in Udomxay province to seek out ways of boosting investment in the region. The Sept. 26 event was co-organised by the Vietnamese Consulate General in Luang Prabang province,...
  • Dai A Bank, first lender to cut Dong deposit interest rates to 10.86%
    on Sep 30, 2010 in Banking-Finance
    Dai A Joint Stock Commercial Bank has been the first lender to cut the dong deposit interest rates to 10.86% p.a. from October 1, the official effective date of Circular 13, the local newswire Tuoi tre reported in Vietnamese. Dai A Joint Stock Commer...
  • Taming CPI, key to cut interest rates: Analyst
    on Sep 30, 2010 in Banking-Finance
    Consumer price index (CPI) must be tamed in order to cut interest rates, the local analysts said. Consumer price index (CPI) must be tamed in order to cut interest rates, the local analysts said. Lending Interest Rates Are Unaffordable For Local Ente...
  • Vietnam’s Vinashin finishes Natixis debt repayment
    on Sep 30, 2010 in Shipbuilding
    Vietnam’s state shipbuilder Vinashin has completed repaying its debt to French bank Natixis (CNAT.PA), using funds from the Vietnamese government’s overseas bonds for part of the settlements, a government official said on Thursday. Vietna...
  • Hurdles litter path, but Vietnam investment to rise
    on Sep 30, 2010 in Investment
    Few investors disagree that Vietnam has huge potential. But until the country’s opaque regulatory environment becomes more predictable, only the bravest firms will commit to making substantial direct investments there. When Vietnam’s comm...
  • Hanoi opens door to more office space
    on Sep 30, 2010 in Markets
    The Hanoi office for lease market will receive more than 13,300 square metres of Grade A office space in December. With investment capital of VND200 billion ($10 million), TTC Tower will comprise 17 levels of Grade A space. Located in Cau Giay distri...
  • Vietnam gas prices rise VND15,000/Cylinder
    on Sep 30, 2010 in Oil-Gas & Petroleum
    The retail prices of domestic gas have increased by VND15,000 per 12 kilo cylinder, from October 1, the local gas firms said. Retail gas of PetroVietnam Gas, Petrolimex gas and Shell gas have been risen to VND299,000/cylinder, VND311,000/cylinder and...