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[2012-01-09] Subsidization scheme only feather fertilizer producers’ nest
Subsidization scheme only feather fertilizer producers’ nest
January, 09 2012
VietNamNet Bridge – The subsidization in the input material prices for fertilizer production has only benefited producers, while it has caused bad consequences to the agricultural production because it has created a market with unhealthy competition.
Low input material costs brings super-fat profit Nguyen Tien Thoa, Director of the Price Control Agency, an arm of the Ministry of Finance, said that the S... |
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[2012-01-09] Listed companies unassertive when setting up business targets for 2012
Listed companies unassertive when setting up business targets for 2012
January, 09 2012
VietNamNet Bridge – The anticipated macroeconomic difficulties have made listed companies unassertive when discussing business plans for 2012.
60 percent of businesses fail to obtain targeted profits In 2011, Lu Gia Electrical Engineering Company (LGC) which lists its shares on the Hanoi Stock Exchange, only obtained the profits equal to 70 percent of the targeted plan (30 billion dong in post tax p... |
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[2012-01-03] Analysis: Asia's double-edged currency sword
Analysis: Asia's double-edged currency sword
Jannuary, 03 2012
The roller-coaster ride for Asian currencies, which saw only the yen and yuan post significant gains for the year against the U.S. dollar, is set to continue in 2012.
While Japan actively sought to stem the yen's rise -- drawing U.S. criticism last week -- China intervened to ensure the yuan ended the year at a new high. Both currencies appreciated roughly 5 percent in 2011 against the dollar.
The opposite approaches illustr... |
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[2012-01-03] The list of 100 richest stock millionaires made public
The list of 100 richest stock millionaires made public
January, 03 2012
VietNamNet Bridge – The stock price fluctuations at the last trading session of the year helped Chair of the Ocean Group Ha Van Tham surpass the owner of Quoc Cuong Gia Lai – Nguyen Thi Nhu Loan and stay in the top 10 of the Vietnamese stock millionaires. The first and the second positions in the list of 100 richest stock millionaires, as anticipated, belong to Pham Nhat Vuong and Doan Nguyen Duc.
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[2012-01-03] Gold price gap stimulates illegal imports
Gold price gap stimulates illegal imports
January, 03 2012
VietNamNet Bridge – Gold smuggling has been increasing since the domestic prices are much higher than the world’s prices.
The General Department of Customs on December 21 seized 25 kilos of bullion gold carried by two people on the train from Lao Cai to Hanoi. The amount of gold is equal to 655 taels, worth 28.5 billion dong. In Vietnam, enterprises only can import only when they get the quotas from the State Bank. Howeve... |
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[2011-12-31] Missing ship’s crew member rescued
Missing ship’s crew member rescued
December, 31 2011
A crewman aboard Vinalines Queen Cargo Ship, which went missing in the Philippine seas on December 25th, was rescued when he floated ashore after spending several days adrift at sea with a jacket vest, British-flagged London Courage Ship announced this afternoon.
The man has been identified as Dau Ngoc Hung, 31, from Nghe An Province.
Hung was found 350 km west of the area where the Vinalines ship sent out the final emergency ... |
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[2011-12-31] Vietnam checks gasoline quality amid rash of vehicular fires
Vietnam checks gasoline quality amid rash of vehicular fires
December, 31 2011
Vietnam’s quality watchdog on Thursday said that it has started checking gasoline quality on suspicion that poor-quality fuel was related to recent vehicular fires.
Tran Van Vinh, deputy chief of the Directorate for Standards, Metrology and Quality, said his agency took samples from the provinces and cities where the fires took place, especially at gasoline stations where the owners of bur... |
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[2011-12-30] BUSINESS IN BRIEF 30/12
BUSINESS IN BRIEF 30/12
December, 30 2011
Airports expected to handle 600,000 tons of cargo this year The Civil Aviation Administration of Vietnam (CAAV) has projected that approximately 600,000 tons of cargo will have been cleared at the country’s all airports by the end of this year compared to 460,000 tons last year. Vo Huy Cuong, director of CAAV’s Air Transport Department, told the Daily on the phone on Tuesday that 600,000 tons was the preliminary calculation for the com... |
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[2011-12-30] VN goods popular in supermarkets
VN goods popular in supermarkets
December, 30 2011
HA NOI — Vietnamese goods have accounted for an overwhelming majority of supermarket stock, two years after the "Vietnamese people use Vietnamese products" campaign was launched, a conference discussing the campaign's outcomes heard.
Vietnamese consumers in both rural and urban areas had developed an appreciation for local products, even paying more for domestic goods, conference speakers said.
"During the two-year campaign, we f... |
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[2011-12-29] Vietnamese woman killed by husband in Taiwan
Vietnamese woman killed by husband in Taiwan
December, 29 2011
The police in Taoyuan, Taiwan, have arrested Chen Li Sheng for killing his 29-year-old Vietnamese wife, Pham Thi Thanh Truc, and throwing her body into the sea 6 days ago. The arrest of Sheng was made at 10 pm on December 26, 2 days after local residents found Truc’s body floating in the sea near Taoyuan, where Sheng and his wife had been living, Nguoi Lao Dong Newspaper reported. According to the police, Truc got marrie... |
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[2011-12-29] The stock market in 2011: sadness goes abreast hope
The stock market in 2011: sadness goes abreast hope
December, 29 2011
VietNamNet Bridge – Both investors and listed companies have experienced a very difficult year 2011. The Club of Securities Journalists has announced the 10 most outstanding events of the stock market as follows.
1. The stock market witnesses sad records On December 15, the HNX Index of the Hanoi bourse dropped to the deepest low in the history to 58.04 points. The capital mobilized from issuing more shares, auctionin... |
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[2011-12-29] BOT, BT projects may suffer loss due to high lending interest rates
BOT, BT projects may suffer loss due to high lending interest rates
December, 29 2011
VietNamNet Bridge – A lot of investors who undertake transport projects under the mode of BOT (build – operation – transfer) or BT (build – transfer) are facing the risk of incurring loss because the lending interest rates are very high, while it is very difficult to access loan sources.
No official agreement has been signed to date, but it is sure that the component project of the BT... |
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[2011-12-28] Experts call on to “reshape consumer culture of Vietnamese people”
Experts call on to “reshape consumer culture of Vietnamese people”
December, 28 2011
VietNamNet Bridge – Experts believe that the government needs to impose heavy tax on luxury imports in order to reduce the trade gap and encourage Vietnamese people to use domestically products.
A lot of Vietnamese people only use import products and refuse domestically made goods. This has been attributed to the unreasonable habit of people of being fond of foreign goods. However, this show... |
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[2011-12-28] Vietnam insists on battling inflation
Vietnam insists on battling inflation
December, 28 2011
The Vietnamese Government is determined to bring down inflation to below 9% next year by continuing its monetary and fiscal tightening policies and renewing the economic growth model.
Data released by the General Statistics Office (GSO) shows inflation in Vietnam hit 18.58% in 2011, far outdistancing the target of 7% set by the National Assembly (NA) a year ago. Vietnam has been experiencing double-digit inflation since 2007, except ... |
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[2011-12-28] BUSINESS IN BRIEF 28/12
BUSINESS IN BRIEF 28/12
December, 28 2011
Office gives okay for 3 new trademarks The National Office of Intellectual Property in Viet Nam has acknowledged trademarks of products Rach Goc dried shrimp, boi dried fish and U Minh Ha honey. The Farmer Associations of southern Ca Mau Province districts Ngoc Hien, Tran Van Thoi, U Minh districts, plan to expand their market domestically and abroad, and extensively promote their trademarks. In 2012, the provincial Department of Science and Techn... |
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