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[2012-02-01] Restructuring plan for Vietnam’s Agribank to be adopted in Feb
Restructuring plan for Vietnam’s Agribank to be adopted in Feb
February, 01 2012
The government may adopt the restructuring plan for the Bank for Agriculture and Rural Development of Vietnam, better known as Agribank, in February, said a senior official of the bank.
The restructuring roadmap for the biggest commercial bank inof Vietnam may last for 3-4 years, Nguyen Ngoc Bao, chairman of Agribank’s board of directors, told newswire Vneconomy.
The main objective of this pla... |
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[2012-01-17] Thermopower plant projects double attractive
Thermopower plant projects double attractive
January, 17 2012
VietNamNet Bridge – Three cooperation agreements on the development of big scale thermo power plants in the central and southern regions have been signed in the last half a month, which can show the big interests of investors in thermopower projects.
Just after several days after the decision to increase the electricity price by five percent was announced in late 2011, three cooperation agreements on developing th... |
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[2012-01-17] BUSINESS IN BRIEF 17/1
BUSINESS IN BRIEF 17/1
January, 17 2012
Real estate sector eyes recovery The domestic property market was expected to recover this year with the addition of more investment from home and abroad, as well as a looser credit policy, experts said. The Ministry of Construction said the market would recover earlier if the Government offered a flexible credit policy in combination with flexible banking interest rates and high liquidity in capital flows to this market segment. "The Gover... |
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[2012-01-17] Banks profit despite economic woes
Banks profit despite economic woes
January, 17 2012
HA NOI — Benefiting from high interest rates, most of the nation's major commercial banks managed to post healthy earnings and remain profitable during 2011 despite restrictions on credit growth and ongoing economic difficulties.
Vietinbank was the nation's most profitable commercial bank last year, according to its chairman, Pham Huy Hung.
Vietinbank reported earnings of over VND8,000 trillion (US$381 million), an increase of 76 ... |
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[2012-01-16] It’s not easy to reduce tax liabilities
It’s not easy to reduce tax liabilities
January, 16 2012
VietNamNet Bridge – The General Taxation Department (GDT) has decided to reduce the domestic tax liabilities. However, it has been warned that this would be not an easy task because of the current big difficulties in production and business.
The business circle has been making every effort to overcome the difficulties, while the taxation system has been making exertion to reduce the tax liabilities from 6.2 percent in 2011 t... |
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[2012-01-16] BUSINESS IN BRIEF 16/1
BUSINESS IN BRIEF 16/1
January, 16 2012
Saigontourist focuses on high-grade hotel projects Saigontourist Holding Company deemed hotel services an important business field, along with travel and restaurant, and will place its focus on developing and upgrading three- to five-star hotel projects. Such a business target was mentioned at the conference to review the company’s business in 2011 held on Wednesday in HCMC. The country’s leading hospitality company is active in several fi... |
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[2012-01-13] Thailand rescues dogs meant to be eaten in Vietnam
Thailand rescues dogs meant to be eaten in Vietnam
January, 13 2012
The Thai navy has rescued hundreds of dogs destined for Vietnamese dinner tables in an operation to tackle border smuggling, a naval official said.
Following a tip-off, they found about 750 dogs packed into cages on a truck which were about to be loaded onto a ferry on the Mekong river in Nakhon Phanom province, said Captain Theerakiart Thong-aram.
One man was arrested but several others ran away when the authorities ... |
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[2012-01-13] 2012 a transitional year for VN's economic restructuring
2012 a transitional year for VN's economic restructuring
January, 13 2012
This will be an important transitional year for Vietnam to implement its plan on restructuring the economy, with the main focus put on the state-owned enterprises, Deputy Minister Hoang Trung Hai said at a conference yesterday.
The other two major tasks are the investment and finance-banking restructurings, the deputy PM told delegates at the Economist Conferences' Vietnam Summit in Hanoi yesterday, which gathere... |
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[2012-01-13] US companies leading Vietnamese franchise market
US companies leading Vietnamese franchise market
January, 13 2012
VietNamNet Bridge – A lot of the US brands have appeared on the Vietnamese market recently. Meanwhile, experts believe that the US franchised food chains would be much bigger than now.
The well known ice cream Baskin-Robbins brand has officially set its foot on the Vietnamese market by setting up three first shops in HCM City opened last week, through the exclusive partner Blue Star Food. Nguyen Thanh Nam, General Direc... |
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[2012-01-11] Fraud in petrol quality brings super-profits to distributors
Fraud in petrol quality brings super-profits to distributors
January, 11 2012
VietNamNet Bridge – The “technology of making up low quality petrol” has been applied in Vietnam for a long time, while low quality products still have been available on the market. However, state management agencies still have “ignored” the problem.
Super profits for low quality petrol sellers With the sale of 2000-3000 liters of petrol per day, a filling station can earned up to hund... |
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[2012-01-11] BUSINESS IN BRIEF 11/1
BUSINESS IN BRIEF 11/1
January, 11 2012
Vinacomin reaches over VND93 trillion in 2011 The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) turnover reached more than VND93 trillion (US$4.42 billion) in 2011, earning a profit of VND7,800 billion (US$370 million). The corporation produced 48 million tonnes of crude coal and 27 million tones of consumption coal. Vinacomin aims to increase its turnover to VND96 trillion (US$4.57 billion) in 2012 and implement m... |
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[2012-01-10] Breakfast @ Tuoitrenews – Jan.10
Breakfast @ Tuoitrenews – Jan.10
Thứ ba, 10/01/2012
Briefs of some of leading news stories published Tuesday (January 10) in Tuoi Tre Newspaper that will be carried today on Tuoitrenews.vn:
Politics:
-- US Congressman Robert Earl Filner visited Hanoi and worked with the Vietnam Association of Victims of Agent Orange/Dioxin yesterday. During the meeting, VAVA suggested the official to urge the US government to take further responsibility in assisting dioxin victims in Vietnam.... |
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[2012-01-10] Oil prices climb amid fresh Iran tensions
Oil prices climb amid fresh Iran tensions
January, 10 2012
Oil prices rose on Monday after the United States stepped up pressure on Iran over the Islamic Republic's threat to close the Strait of Hormuz -- a key shipping route for oil exports to the West.
Brent North Sea crude for delivery in February climbed 33 cents to $113.39 a barrel in early London deals.
New York's main contract, West Texas Intermediate for February gained eight cents to $101.64.
US Defense Secretary Leon Panetta ... |
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[2012-01-10] Despite strict regulations, car imports from unofficial distributors still flock to
Despite strict regulations, car imports from unofficial distributors still flock to VN
January, 10 2012
VietNamNet Bridge - With the Circular No 20 which stipulates strict regulations on the procedures for importing cars, experts believe that only the products to be distributed by authorized resellers can go through the border. However, in reality, luxury cars from different sources still have been flocking to Vietnam.
The information that Hung Long, a private car company, not any other autho... |
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[2012-01-09] A review of Vietnam’s 2011 monetary market
A review of Vietnam’s 2011 monetary market
January, 09 2012
Despite achievements in curbing inflation and macro-economic stabilization, the Vietnamese monetary market last year still remained unstable. On February 11, 2011, the State Bank of Vietnam increased the dollar exchange rate from VND18,923 a dollar to VND20,693 a dollar, meaning the dong was devalued by 9.3 percent against the greenback. The unofficial market then experienced a strong fluctuation, with the forex rate soarin... |
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