Business
National SME week launched nationwide
VietNamNet Bridge - The National Week for Small- and Medium-sized Enterprises (SMEs) has been organised to encourage not only trade promotion but also the overall development of businesses, said Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry. SMEs represent 96.5 percent of the total number of businesses in the country.VietNamNet Bridge... Read more
Unsuitable gold management policy wasting money: experts
VietNamNet Bridge – Experts believe that the current tight policy on gold imports and exports is causing tremendous losses for investors, not to mention the national economy. The gold price performance in the last 10 yearsLate last week, when the world’s gold price fell to the deepest low so far this year, the domestic dollar price unexpectedly skyrocketed.... Read more
Gov’t power subsidies should be replaced by price ceiling: EVN
VietNamNet Bridge – Outcry over electricity prices in rural areas has raised alarms. Deputy head of EVN’s Trading and Rural Electricity Department Le Van Chuyen speaks with Nong thon Ngay nay (Countryside Today) on the issue. Nearly 57% of the communes which are power-connected buy electricity from non-State owned intermediary sources.Since 1997,... Read more
Major power projects almost done
VietNamNet Bridge - The Electricity of Vietnam (EVN) said it would complete many major works by the end of this year. The 114-megawatt third turbine of the Tuyen Quang Hydropower Plant in northern Tuyen Quang province and the 50MW first turbine of the Pleikrong Hydropower Plant in Central Highlands Kon Tum province will begin to generate electricity next month.Major... Read more
BUSINESS IN BRIEF 18/11
Glasstech Asia expo opens; Singaporean investors eye health care in Vietnam; HSBC, Bao Viet launch new insurance services; Pha Rung shipyard launches 6,500 DWT oil tanker Vietnam holds attractive potentials in health services for Singaporean investors to explore and cooperate with domestic partners, said centre director of the International Enterprise Singapore... Read more
Hanoi hotels feel sting of economic downturn, high room rates
VietNamNet Bridge – Hotels in Hanoi are seeing the gilded age of business going away when their room occupancy and revenue fall due to the sluggish growth in the global economy and high room tariff they have applied for a long time. In Hanoi, the hotel market was hit by slow demand growth in 2008, as a result of a year-on-year increase of 5.8% in the number... Read more
Rushing to learn for real estate practice certificates
VietNamNet Bridge – Real estate trading classes have been expanding to receive more and more people who are rushing to learn and obtain their real estate practice certificates prior to January 1, 2009. Most of real estate brokers remain untrained, because there was not any training establishment in the pastHCM City these days is witnessing a new movement... Read more
Forecast: more money to be put in stocks
VietNamNet Bridge – Recent forecasts have all predicted that more money will flow into the stock market in the time to come. The HCM City Securities Company (HSC) believes that the VND basic interest rate will decrease by another 2% by the end of January 2009. This means that the basic interest rate would decrease to 10%, which also means the maximum lending... Read more
Vietnam attractive for wholesale banking
VietNamNet Bridge – Despite the big difficulties of the national economy in 2008, foreign banks in Vietnam are satisfied with their profit growth rates and optimistic about the financial market’s development. Philip Crouch, Head of Personal Banking of ANZ Vietnam, said that Vietnam has a lot of great potentials. To date, only 10% of the population... Read more
Shipbuilders get advice on staying afloat
VietNamNet Bridge - The shipbuilding industry has to develop human resources and ancillary industries to achieve its targets of increasing local content and become the world’s fourth-largest shipbuilder in the next decade, a conference heard. Delegates told the conference held in Hai Phong recently on developing subsidiary industries for shipbuilding that... Read more
