January 25, 2012
Consumer demand for holiday goods and transportation will grow 10 percent from last year, according to a government forecast that urged authorities to monitor and stabilize prices. Asia’s fastest inflation is the last thing on Tran Hang’s mind as she jostles fellow shoppers at a street stall in Hanoi’s Old Quarter to snap up [...]
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January 14, 2012
Vietnam’s State Treasury raised VND1.88 trillion ($89.4 million) by selling government bonds in its first auction of the year, the Hanoi Stock Exchange said. The treasury sold the entire amount of VND1 trillion of three-year debt it offered at a yield of 12.10 percent, and raised VND880 billion via five-year debt at 12.15 percent, [...]
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December 30, 2011
A foreign language class at Nong Lam University in Ho Chi Minh City Education officers admitted at a Friday conference that foreign language teaching in Vietnam has been a “failure,” as many college students cannot use the languages. Experts at the conference over a national foreign language project said that incorrect understanding of the subject has [...]
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December 28, 2011
A foreign language class at Nong Lam University in Ho Chi Minh City Education officers admitted at a Friday conference that foreign language teaching in Vietnam has been a “failure,” as many college students cannot use the languages. Experts at the conference over a national foreign language project said that incorrect understanding of the subject has [...]
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December 23, 2011
Vietnam’s two-year bonds gained Friday on speculation commercial lenders will lower interest rates after inflation slowed for a fourth month. The dong advanced. Consumer prices climbed 18.13 percent this month from a year earlier, compared with a 19.83 percent increase in November, according to data from the General Statistics Office Friday. Interest rates on [...]
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November 7, 2011
Vietnam authorities are considering raising car registration fees in Hanoi and Ho Chi Minh City to 20 percent in an attempt to reduce car imports and ease traffic. Â The Ministry of Industry and Trade has sent the proposal to concerned agencies, news website VnExpress said Thursday. Â Hanoi currently has car registration fee [...]
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October 23, 2011
A traffic jam in Hanoi. The capital city now has nearly 400,000 cars and some four million motorbikes. Cars with five to seven seats are the main instigators of traffic jams and accidents in Vietnam, according to Khuat Viet Hung, head of the Department of Transport Planning and Management at the University of Transport, who [...]
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October 15, 2011
Unprecedented move against Chinese contractor not easy, but ‘wise’, local firm says Vietnam’s state-owned Construction Corporation No.1 has decided to end its contract with a Chinese supplier due to poor performance at a major hydropower project in the Central Highlands. Beijing IWHR Corporation was terminated from the contract to supply and install the main [...]
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October 7, 2011
Vietnam plans to slash 10 percent, or VND97 trillion (US$4.65 billion), of development investment this year as one of the measures taken by the government to restore economic stability. Vietnam’s public debt is rising too fast and poses a severe risk to the economy, an economist says, suggesting that the total debt might be even [...]
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September 24, 2011
Workers clean the Keangnam residence tower in Hanoi September 20, 2011. Like many hoping for easy cash in Vietnam’s property market, Nguyen Thu Huong borrowed VND500 million ($24,000) from a bank in April to buy a new flat she didn’t need and planned to flip. The only question, she thought, was how big the [...]
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