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BusinessGM says most of its US dealers agree to upgrades (AP) LAS VEGAS – General Motors Co. said Saturday that most of Readmore |
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Vietnam 24h
NA Chairman encourages production in Ha Tinh
National Assembly Chairman Nguyen Sinh Hung paid a visit to the central province of Ha Tinh on Feb. 4, encouraging local authorities and people to boost production at the beginning of the lunar new year. He said he is delighted with Ha Tinh province’s socio-economic achievements in 2011. He expressed…
Stocks rally in HCM City, stall in Hanoi
Stocks on the HCM City Stock Exchange managed to close in positive territory on Feb. 3, but shares plunged on the Hanoi bourse due to heavy profit-taking. In HCM City , the VN-Index rose by as much as 0.03 percent early in the session but declined again gradually before closing…
Reserve rules eased for five banks
The State Bank of Vietnam granted permission on Feb. 2 to five credit institutions to maintain compulsory reserves for Vietnamese dong deposits at below regulated levels for a five-month period beginning February 1. The Mekong Development Commercial Bank, Mekong Delta Housing Bank, Agribank, LienViet Post Bank and the Central People's…
Economic downturn slows auto sales
Vietnam imported 3,000 complete built unit (CBU) automobiles worth 45 million USD last month, a 49.8 percent drop in volume and a 55.1 percent fall in value from January 2011, according to the General Statistics Office (GSO). The number of imported CBU's matches last August's record low. Industry insiders attributed…
Market brightens for industrial park developers
Things are looking up for the industrial park property market this year with many projects likely to be implemented with "multi-use" components, according to property service provider CB Richard Ellis (CBRE) Viet Nam. Many developers believe IPs will be more successful with residential areas as well as industrial units, the…
Poor Tet sales leave firms with stockpiles
Many companies that participated in HCM City 's Tet price-stabilisation programme are struggling to liquidate the stocks they had built up following unusually sluggish demand during the year's biggest festival. The Ministry of Industry and Trade blamed the poor sales on the economic crisis and a change in people's consumption…
Sagawa launches goods delivery services in Vietnam
Japan 's leading transportation company Sagawa Holdings Co Ltd (SGHD) has announced that it will launch delivery services in Vietnam this month, and then officially beginning in March. According to its plan, the SGHD will invest 100 million JPY (1.2 million USD) this year to buy over 30 trucks and…
Few foreigners buying apartments in Vietnam
The Ministry of Natural Resources and Environment's General Department of Land Management reported that while overseas Vietnamese bought apartments in the country, foreigners rarely did so. According to statistics, around 300 overseas Vietnamese and foreign individuals and organisations bought apartments in Vietnam before the Lunar New Year in 2012. Vietnam…
Global crisis hits business confidence in Vietnam
Vietnam 's Business Confidence Index (CBI) fell from 123 to 116 points between the third quarter of 2011 and January 2012 due to global economic turmoil. About 160 local enterprises in 11 key sectors were surveyed by WVB Vietnam Financial Intelligence Service Company Limited (WVB FISL) between mid-December 2011 and…
Master plan for southern central coastal region approved
An oil refinery and several other interdisciplinary industrial parks will be constructed in a total area of 2,682ha in the Southern Phu Yen industrial zone in the 2015- 2025 period. The target is included in a master plan till 2025 approved on Feb. 2 by the Prime Minister for the…
Vietnam News
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WWF, Vietnam ink deal over tra fish development
The World Wide Fund for Nature (WWF) and Vietnamese aquaculture officials Friday signed a memorandum of understanding for long-term cooperation to help Vietnam achieve the Aquaculture Stewardship Council (ASC) certification…
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Stocks rally in HCM City, stall in Hanoi
Stocks on the HCM City Stock Exchange managed to close in positive territory on Feb. 3, but shares plunged on the Hanoi bourse due to heavy profit-taking. In HCM City…
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Hanoi artist to exhibit in Ho Chi Minh City
A solo oil-painting exhibition by Hanoian artist Nguyen Quoc Dung will open at Ho Chi Minh City’s Tu Do Gallery on February 4. Themed “Drops of Spring”, the exhibition features…
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President supports business youth
President Truong Tan Sang on Feb. 3 affirmed that the Party and State will guide the implementation of the Politburo’s Resolution No9 on promoting the role of entrepreneurs in Vietnam…
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People rush to buy gold on God of Wealth Day
Locals on Wednesday still rushed to buy gold to wish for good luck on the occasion of the God of Wealth Day, the tenth day of the Lunar New Year.…
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NA Chairman encourages production in Ha Tinh
National Assembly Chairman Nguyen Sinh Hung paid a visit to the central province of Ha Tinh on Feb. 4, encouraging local authorities and people to boost production at the beginning…
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Hanoi aims to meet its tax goal
The capital city Hanoi is feeling the pressure this year to meet its target of tax contributions to the State budget of VND132 trillion (US$6.28 billion), an increase of 22…
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IAEA, OFID help Vietnam in cancer control
The International Atomic Energy Agency (IAEA) and the OPEC Fund for International Development (OFID) have agreed to assist Vietnam in cancer control through IAEA’s Programme of Action for Cancer Therapy…
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Short documentary films show modern life
Eight short documentaries about contemporary life in Vietnam will be presented free of charge on Feb. 5 night at the Goethe Institute in Hanoi. The films were made by young…
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Vincom merger creates mega-share
Real estate developer Vincom (VIC) will list over 158 million additional shares on the HCM City Stock Exchange today, marking the completion of its merger with tourism and hospitality leading…
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Six million new viruses attack computers
Computer viruses are on the rise in Vietnam, according to the country's leading internet security firm BKAV. The firm noted about 64.2 million virus attacks on computers last year, a…
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Foreign tourists to Vietnam increase during Tet
Nearly 42,500 foreign tourists chose Vietnam as their destination during traditional Lunar New Year (Tet) festival, according to statistic released by several leading Vietnamese travel agencies. By the third day…
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