Archive for October, 2009

Smart money ready for future profits

October 31, 2009
Smart money ready for future profits

VinaCapital is holding its 2009 Investor Conference just as the Vietnamese economy is starting to heat up again. However, foreign investors have not yet returned to Vietnam after the 2008 crisis. VinaCapital Group’s chairman Horst F. Geicke discusses with VIR the opportunities foreign investors should be looking for in 2010 and beyond.Foreign direct investment registration [...]

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Vietnam fulfils UNSC Presidency role

October 31, 2009
Vietnam fulfils UNSC Presidency role

Vietnam has not only coordinated UNSC activities, but also put forward initiatives to increase the operational efficiency of this powerful organisation. Ambassador Le Luong Minh, UNSC President in October 2009 October 31 is the last day of Vietnam’s one-month presidency of the UNSC. One month is not long enough for a UNSC president to make many [...]

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Domestic industry recovers strongly

October 31, 2009
Domestic industry recovers strongly

LookAtVietnam – Total industrial production value reached nearly VND569 trillion in the past ten months, an increase of 7 percent compared to the same period last year The non-state sector saw the highest rate of increase at 8.9 percent, followed by the foreign invested sector (7.4 percent), while regional industrial production saw a decrease of [...]

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Storm Mirinae enters East Sea

October 31, 2009
Storm Mirinae enters East Sea

After pounding the Philippines on October 31, typhoon Mirinae weakened into a tropical storm and entered the East Sea, becoming the 11th storm in the region. At 16.00 on October 31, the storm was centred at 14.2 degrees north latitude and 118.2 degrees east longitude, packing winds of between 89-102km/h near its centre. In the [...]

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WHO says A/H1N1 flu vaccines safe

October 31, 2009
WHO says A/H1N1 flu vaccines safe

A/H1N1 influenza vaccines licensed by regulatory authorities were safe despite some adverse events following vaccination, the World Health Organization (WHO) said on Friday. A WHO experts group has reviewed early results from the monitoring of people who have received A/H1N1 pandemic vaccines and found no indication of unusual adverse reactions, the UN agency said in [...]

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Key to unlock resettlement crisis appears

October 31, 2009
Key to unlock resettlement crisis appears

Hanoi’s sluggish resettlement development progress is expected to soon make a breakthrough. Hanoi People’s Committee vice chairman Vu Hong Khanh has signed off on Decision 108/2009/QD-UBND regarding land compensation and support of resettlement within the city in line with government Decree 69/2009/ND-CP, which both took effect from October. The decision is perceived to favour people [...]

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EU summit concludes after discussing institutional, climate issues

October 31, 2009
EU summit concludes after discussing institutional, climate issues

European Union leaders concluded their two-day summit after discussions on the Lisbon Treaty, climate change financing and economic issues. Swedish Prime Minister Fredrik Reinfeldt (R, front), whose country is holding the EU Presidency, and German Chancellor Angela Merkel (L, front) talk at the European Union (EU) summit in Brussels, capital of Belgium, Oct. 30, 2009. [...]

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Turning negatives into positives

October 31, 2009
Turning negatives into positives

LookAtVietnam – Vietnam has fortified its economy in 2009 through effective economic stimulus measures and is looking at some ambitious socio-economic targets for 2010. Many enterprises have prospered during the global economic downturn, while many regional competitors have struggledMany enterprises have prospered during the global economic downturn, while many regional competitors have struggled This year [...]

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Credit growth fears to limit loans

October 31, 2009
Credit growth fears to limit loans

LookAtVietnam – The rollover of 2009 loan subsidy programme funds could be limited due to safety restrictions. Government bonds are being pointed to as a safe way for banks to lock up their excess fundsNguyen Thi Kim Thanh, head of the State Bank’s Banking Development Institute, said around VND10 trillion ($560 million) in short-term loans [...]

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Vietnam retail market to expand over next two years, say experts

October 31, 2009
Vietnam retail market to expand over next two years, say experts

Vietnam’s retail market is forecast to explode over the next two or three years, said Fabrice Carrasco, general director of TNS WorldPanel Vietnam on October 30. Speaking at a retail and distribution conference held in Ho Chi Minh City, Mr. Carrasco said Vietnam’s retail market is smaller than that of other countries in Southeast Asia, [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...