Archive for November, 2009

SBV adjustment applauded by Goldman Sachs, IMF

November 30, 2009
SBV adjustment applauded by Goldman Sachs, IMF

LookAtVietnam – International organizations have released reports lauding the decision by SBV to adjust the dong/dollar rate and basic interest rate. The International Monetary Fund (IMF) considers the move by SBV to be a positive signal about the government’s determination to tackle macroeconomic risks. “I think the decisions that they have announced … signal that they [...]

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Big players wrestle with equitization

November 30, 2009
Big players wrestle with equitization

Many big corporations have not made any discernable move forward in the equitisation process, though they have been at the starting line for a long time. Among the big players, only the Vietnam Paper Corporation (Vinapaco) knows when it will make its initial public offering (IPO).  Vinapco Chairman Do Xuan Tru said that the corporation [...]

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Exporters expecting bigger profit from weaker dong

November 30, 2009
Exporters expecting bigger profit from weaker dong

LookAtVietnam – Export companies are delighted by the new decision by the State Bank of Vietnam to adjust the dong/dollar rate. The weaker dong means bigger profits. Ben Tre Seafood Import-Export Company (ABT) calculated that the company will make 800 dong in profit for every dollar’s worth of exports. They expect to operate well in [...]

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Office rental rates scorching hot after MOC’s decision

November 30, 2009
Office rental rates scorching hot after MOC’s decision

LookAtVietnam – Just days after the Ministry of Construction (MOC) issued the decision that apartments cannot be used as offices, office rents have skyrocketed. MOC, in its latest decree for six big cities, stipulates that the use of apartments as business offices is illegal and unsafe. MOC maintains that offices in residential quarters affect the [...]

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Vietnam to have cable network direct to US

November 30, 2009
Vietnam to have cable network direct to US

The Post and Telecommunications Group (VNPT) on November 27 inaugurated Vietnam’s link with a 20,000 kilometer submerged optical cable network that will connect Vietnam with the US. LookAtVietnam – The Vietnam Telecom International (VTI) company, a member of the Vietnam Post and Telecommunications Group (VNPT), on November 27 inaugurated Vietnam’s link with a 20,000 kilometer [...]

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What’s On Nov 30 – Dec 6

November 30, 2009
What’s On Nov 30 – Dec 6

LookAtVietnam – Weekly exhibition, performance, cinema and dining out information at your fingertips. Plus a list of local festival of the month: time, locations and attraction. – New Moon (US, VS)- A Christmas Carol (US, OV)- 2012 (US, OV)- Astro Boy (US, OV)- Adrift (VN)- Inglorious Basterds (US, OV) Dan Chu Cinema211 Kham Thien St, Tel: [...]

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350 students to receive study abroad scholarships next year

November 30, 2009
350 students to receive study abroad scholarships next year

LookAtVietnam – Around 350 outstanding students will be granted scholarships to study abroad in 2010, announced the Ministry of Education and Training. Their scholarships are financed by the state, sponsored by foreign countries, or granted by international organisations.Candidates for the scholarships are those in 2009 who graduated from high school with high grades, passed university [...]

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Vietnam misses labour export target

November 30, 2009
Vietnam misses labour export target

Workers study foreign language before going abroad.VietNamNet Bridge – Vietnam has fallen short of its target to send 90,000 labourers to work abroad in 2009 as a consequence of the global economic crisis. Nguyen Ngoc Quynh, Director of the Overseas Labour Management Department, announced on November 27, noting that the total number of Vietnamese labourers [...]

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Nation targets per-capita income of $2,100 by 2015

November 30, 2009
Nation targets per-capita income of $2,100 by 2015

LookAtVietnam – The Ministry of Planning and Investment is targeting an average income of US$2,100 per person a year by 2015, nearly double that of the 2010 target. This was revealed last week at an international conference on the nation’s socio-economic development plans for the 2011-15 period.Viet Nam’s per capita income has recently risen to [...]

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Top models to gather for Pure Fashion 2009

November 30, 2009
Top models to gather for Pure Fashion 2009

Vietnamese models like Thanh Hang, Anh Thu, Ngoc Quyen, Phung Ngoc Yen and Kim Minh will grace the Aquafina Pure Fashion 2009 catwalk at the Hanoi Sheraton hotel on December 2. Designer Truong Minh Nghia won the fourth prize for this design. This design brought the second prize for Vu Ta Linh. The third prize for Le [...]

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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...