December 25, 2011
After years of sky-rocketing credit growth to finance development, Vietnam’s banking system is now weighed down by toxic loans that have forced the communist nation to launch tough reforms. The Southeast Asian country’s financial sector consists of about a hundred banks — either state-owned, private or foreign bank branches. But most have only limited [...]
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Posted in Business | Comments Off
December 14, 2011
The Vietnamese Finance Ministry has approved a 20 percent price rise for domestic flights from December 15. After the ministry issued the decision on December 6, national carrier Vietnam Airlines announced it will start raising airfares by 15-20 percent next Thursday. Other airlines – Air Mekong, Jetstar Pacific and VietJet Air – have confirmed [...]
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Posted in Travel | Comments Off
December 14, 2011
An unexploded bomb unearthed in the garden of a resident’s house in the north-central province of Quang Tri, which has recorded the highest number of deaths and injuries caused by unexploded bombs and landmines The Americans lost 58,000 lives in the Vietnam War. Vietnamese have lost 42,000 lives to the war after it ended [...]
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Posted in Politics | Comments Off
December 12, 2011
Many cement firms are deeply in the red after demand has plummeted due to the housing market slump while supply has soared because of the indiscriminate construction of several plants. Le Van Toi, head of the Ministry of Construction’s Construction Material Department, said: “Sales of many kinds of construction materials, including cement, have fallen [...]
Tags: 20 Percent, cement, Cement Firms, Cement Producers, construction, costs, demand, firms, industry, interest, Interest rates, market, million, Million tons, Of The Vietnam, Of The Vietnam Cement, percent, plants, prices, producers, Said ldquo, sales, Sales Target, supply, Thanh nien, The industry, The ministry, The vietnam, The Vietnam Cement, Thien, This year, Vietnam, Vietnam Cement
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November 14, 2011
A car factory of Truong Hai, a member of the Vietnam Automobile Manufacturers' Association. The Vietnam Automobile Manufacturers’ Association is opposing a ministeral decision that allows local car maker Hyundai Thanh Cong to import auto frames at lower tariffs than usual. According to the association, also known as VAMA, the Ministry of Science and Technology [...]
Tags: 20 Percent, Association, Automobile manufacturers, Car Maker, Hyundai, Hyundai Thanh, Hyundai Thanh Cong, import, Local Car, Of Truong Hai, percent, tariffs, Tax rates, Thanh, Thanh Cong, The association, The Association Said, The vietnam, The Vietnam Automobile, The Vietnam Automobile Manufacturers, Truong hai, Vietnam, Vietnam Automobile, Vietnam Automobile Manufacturers
Posted in Business | Comments Off
November 14, 2011
Workers at a ship yard of the Vietnam Shipbuilding Industry Group, or Vinashin. Many in Vietnam hope the government will pursue reforms that are broad enough and deep enough to fix debt-ridden state banks and rein in inefficient state enterprises (SOEs) such as Vinashin, which embarrassingly defaulted last year. After four years of economic instability, [...]
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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 30, 2011
Foreign visitors examine Vietnamese wood products at an exhibition in Ho Chi Minh City. The demand for garments and woodwork is expected to fall as the global recession continues. Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits. Exporters worry that the development is expected [...]
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October 20, 2011
Vietnam’s higher education is still facing many challenges in delivering skills to students despite the fact that access to higher education has been growing fast over the last decade, a World Bank report says. The report, titled: "Putting Higher Education to Work: Skills and Research for Growth in East Asia" was released Thursday. According [...]
Tags: 20 Percent, access, Education, higher, Higher Education, percent, Report Says, Report:, research, skills, students, Than 20, The report, The Report Says, To Higher Education, university, Vietnamese, Vietnamese University
Posted in Sci-Tech | Comments Off
October 8, 2011
Four years after a real estate boom that saw investors camp out on the streets waiting to pay cash for unbuilt apartments, Vietnam’s once-hot property market has caught a chill. High inflation and interest rates along with a government-imposed credit squeeze have led to a fall in prices and other incentives to entice residential [...]
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