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[2012-02-27] BUSINESS IN BRIEF 27/2
BUSINESS IN BRIEF 27/2
February, 27/02/2012
EVN pumps VND9.3 trillion into electric grid The National Power Transmission (NPT) said it has invested VND9.3 trillion to build a 500kV electric grid connecting five provinces and Ho Chi Minh City. The 437km network, which will spread across the provinces of Gia Lai, Dac Lak, Dak Nong, Binh Phuoc, Binh Duong and Ho Chi Minh City, will increase the electric back-up capacity in the southern part of the country for the 2014-2015 period, NPT said.... |
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[2012-02-24] Vietnam carries out SOE reshuffle to make them more effective
Vietnam carries out SOE reshuffle to make them more effective
February, 24 2012
VietNamNet Bridge – The most important goal of the state owned enterprise (SOE) reshuffle--is not to try to get as much money as possible, but to change the corporate governance mode.
The Ministry of Finance has informed that the government has approved the plan on restructuring state owned economic groups and general corporations, and it is going to release an action plan. SOE reshuffle is one of the three ... |
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[2012-02-23] BUSINESS IN BRIEF 23/2
BUSINESS IN BRIEF 23/2
February, 23 2012
Chinese entrepreneurs eye Vietnamese rice market A delegation from the Chinese Entrepreneur Association (CEA) will conduct a survey in the southern province of Kien Giang as from March 1, according to the Ministry of Industry and Trade. The survey aims to help Hong Kong businessmen build their strategies and plans to import rice from Vietnam. Hong Kong (China) is a major importer of jasmine rice. Over the years, Vietnam’s jasmine rice ... |
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[2012-02-22] Securities companies flee from the stock market
Securities companies flee from the stock market
February, 22 2012
VietNamNet Bridge – No activities at the headquarters, no answer to the calls, no news on websites – some securities companies have quietly disappeared from the market.
The Ministry of Finance has recently stated that it will restructure the stock market and securities companies. However, before the watchdog agency sets out to do the restructuring, securities companies have voluntarily left the market. Disappeared ... |
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[2012-02-22] BUSINESS IN BRIEF 22/2
BUSINESS IN BRIEF 22/2
February, 22 2012
Many fraudulent traders have managed to steal money from consumers via online trading activities by using simple tricks, while the legal regulation concerning this issue still remains incomplete. Duong Thi Ngoc Giau, residing in the Mekong Delta province of An Giang, said earlier this year she fell into the trap of a fraud on the www.didongsaigon.net website. The website advertised that many cell phones were discounted 50-percent, so she chose to bu... |
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[2012-02-21] Eximbank alliance asks Sacombank to reelect board of directors
Eximbank alliance asks Sacombank to reelect board of directors
February, 21 2012
Le Hung Dung, chairman of the Vietnam Export Import Bank (Eximbank), has sent a document to the chiefs of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) to call for a reelection of the latter’s boards of directors and inspectors. Eximbank holds a 9.73 percent stake of Sacombank, and is authorized to represent the latter’s group of major shareholders (holding more than a 51 percent sta... |
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[2012-02-21] Garment companies don’t have orders, lack workers
Garment companies don’t have orders, lack workers
February, 21 2012
VietNamNet Bridge – Garment companies can foresee that they would have a tough year in 2012. Many of them are still awaiting orders from foreign importers and scrambling with others for workers.
According to the Vietnam Textile and Apparel Association (Vinatas), only 70 percent of enterprises have got enough orders for the first quarter of the year, a few have had orders for the second and third quarters. Meanwhil... |
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[2012-02-20] EVN in the reign of Dao Van Hung: the reputable and disreputable events
EVN in the reign of Dao Van Hung: the reputable and disreputable events
February, 20 2012
VietNamNet Bridge – Since 2007, the Electricity of Vietnam, which was on the watch of President Dao Van Hung, many times stirred up the public with its events, ideas and actions.
Son La hydropower plant – the pride of EVN Analysts have commented that the best thing that EVN could do in the reign of President Dao Van Hung was the success of the Son La hydropower plant project. This is a key na... |
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[2012-02-20] BUSINESS IN BRIEF 20/2
BUSINESS IN BRIEF 20/2
February, 20 2012
Hanoi ready to help businesses through difficulties The Hanoi municipal People’s Committee met with local businesses on February 15 to listen their proposals to iron out snags in 2012. The Chairman of the Hanoi municipal People’s Committee, Nguyen The Thao, suggested that through organizations and associations, businesses reflect their opinions on the city, policies and mechanisms on a regular basis. For their part, businesses need to b... |
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[2012-02-17] EU envoy expects FTA talks with Vietnam to start soon
EU envoy expects FTA talks with Vietnam to start soon
February, 17 2012
The ambassador and head of the European Union (EU) Delegation to Vietnam, Franz Jessen, believes negotiations on a free trade agreement (FTA) with Vietnam will begin soon, as the two sides have put their efforts on this and expansion of relations.
Over the past year, the EU and Vietnam have had a number of discussions and tried to identify what to negotiate for the FTA, and that process was very close to completion, ... |
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[2012-02-17] BUSINESS IN BRIEF 17/2
BUSINESS IN BRIEF 17/2
February, 17 2012
State bank ponders rate cut The central bank plans to lower interest rates this year, but is unsure about the best time to do it. The Government recently issued a resolution requiring the central bank to lower interest rates at a proper time in order to meet society's needs. The Governor of the State Bank of Viet Nam, Nguyen Van Binh, said bank deposit interest rates would likely drop to about 10 per cent per year if the Government achieves... |
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[2012-02-16] Domestic food processors strive to walk quicker
Domestic food processors strive to walk quicker
February, 16 2012
VietNamNet Bridge – Vietnamese food processors have decided to make heavier investment in production in order to cement their positions on the domestic market.
La Hoai Nam, General Director of Hong Phu Food Company, said that his company is making steps in a plan to become one of the three leading fish sauce companies in Vietnam. Hong Phu spent 25 million dollars to build a factory that makes fish sauce with a modern tec... |
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[2012-02-15] Breakfast @ Tuoitrenews – Feb. 15
Breakfast @ Tuoitrenews – Feb. 15
February, 15 2012
Tuoitrenews briefs some of salient news published today, February 15, on Vietnamese media:
Society:
-- A man living in Nhon Trach District in the southern province of Dong Nai has spent VND15 million (US$720) buying a flower basket of 750 roses as a gift for his girlfriend on Valentine Day (February 14).
-- Northern Vietnam will experience cold weather for three days starting tomorrow due to the effects of a cold snap, th... |
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[2012-02-15] Despite favorable conditions, interest rates have not decreased yet
Despite favorable conditions, interest rates have not decreased yet
February, 15 2012
VietNamNet Bridge – It is understandable why the State Bank has not eased the interest rates, though the current factors all support the interest rate reduction.
The instructions that have not come true The Prime Minister in late 2011 instructed banks to ease the interest rates in order to revive the national economy and rescue a series of businesses which were on the verge of bankruptcy. The Prime M... |
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[2012-02-14] Breakfast @ Tuoitrenews – Feb.14
Breakfast @ Tuoitrenews – Feb.14
February, 14 2012
Briefs of some of leading news stories published Tuesday (February 14) in Tuoi Tre Newspaper that will be carried today on Tuoitrenews.vn:
Politics:
-- Vietnam’s Foreign Minister Pham Binh Minh had a talk with Chu Vinh Khanh, member of the Standing Committee of the Politburo of China’s Communist Party to boost political confidence, sharpen authentic cooperation on different fields, and adequately settle disputes betw... |
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