BUSINESS IN BRIEF 28/12
( Dec-29-2009 at 11:41am )
Foreign banks expand presence in Vietnam Many foreign banks have joined up with local partners to expand their presence in Vietnam’s market in addition to opening more branches and introducing new products. ANZ Vietnam has linked up with the Vietnam Post Corporation (VNPost) and the Bank for Agriculture...  more >>

Companies briefed on ASEAN, Japan trade
( Dec-29-2009 at 11:40am )
Businesses had the opportunity to gain a better understanding of ASEAN economic agreements at a seminar held in HCM City last Friday by the Ministry of Industry and Trade. Of Viet Nam's 30 biggest agricultural exports to Japan, 23 items - including honey, durian, coffee, tea, shrimp, and crabs - will also enjoy a...  more >>

National port plan gets green light
( Dec-29-2009 at 11:36am )
Prime Minister Nguyen Tan Dung has approved the Viet Nam Seaport Development Master Plan, which calls for total investment of between VND360 trillion (US$19.5 billion) and VND440 trillion ($23.8 billion) to 2020. Seaports building decisions will be based on local natural conditions, the need for economic development and...  more >>

Stock market review 2009
( Dec-29-2009 at 11:35am )
The VN Index continuously broke records, unlisted public companies (UpCom) market has become operational, and securities investors now have to pay personal income tax. These and more have been cited by VnMedia as the outstanding features of the stock market in 2009. Hanoi Stock Exchange celebrates its 1000th trading...  more >>

Poor logistics industry retards economy
( Sep-23-2009 at 11:00am )
Demand for logistics services has risen rapidly, but the plan to develop a professional logistics centre in HCM City is still on the drawing board, experts say. In recent years, the country poured money into infrastructure projects, but the lack of a professional logistics industry was retarding the competitiveness of the economy, according to experts. With 600 to 700 logistics companies out...  more >>

Vietnam’s economy shows signs of recovery
( Sep-23-2009 at 10:44am )
Several sectors have been able to find their own way out of difficult financial downturn, which can be seen as clear signs of an economic recovery in Vietnam, the Cong Thuong (Trade and Industry) newspaper said in its September 22 issue. The paper cited forecast by economic consultant Tran Vinh Du from the ERS Group in the US that inflation is unlikely to be a problem for Vietnam in the short...  more >>

Province branding proving to be a headache
( Sep-23-2009 at 10:42am )
Turning their own locality into its own brand is proving to be a challenge for a number of Vietnamese provinces. Mekong Delta Duong Quoc Xuan, Chairman of Long An People’s Committee isn’t alone in suffering a headache when prepares to receive foreign guests. His problem?...  more >>

Vietnamese businesses complain public procurement favors foreigners
( Sep-23-2009 at 10:40am )
Government agencies prioritize foreign salesmen bearing gifts Though it calls on citizens to show their patriotism by using Vietnam-made goods, the biggest consumer of all, ironically, has not given prioritiy to purchasing Vietnamese goods. While that’s the case, It is really difficult to persuade people that patriotism requires preferring Vietnamese-made goods – not when they see...  more >>

Swine flu threat to stock market trading
( Aug-11-2009 at 4:12pm )
If a quarter of the securities companies on the HCM City or Ha Noi stock exchanges suspended trading activities because of the threat of A/H1N1 flu, it would force the State Securities Commission, to suspend all market trading. The commission said yesterday, August 10, such measures, which would be the strictest part of preventive measures it would develop to combat the threat, were outlined on its...  more >>

MOIT proposes 20% reduction in morning peak hour electricity price
( Aug-11-2009 at 4:11pm )
The Ministry of Industry and Trade (MOIT) has decided to submit to the Prime Minister a plan on morning peak hour electricity pricing, suggesting a 20 percent decrease in the morning peak hour price for enterprises. The suggested application time is September 1, 2009. MOIT has suggested three options. In the...  more >>