January 15, 2012
A woman fans coals to heat up a cooker on the railway track in downtown Hanoi. When investment decisions are made based on corruption, it is not only the honest firms that suffer, but also the public through lower quality and higher cost works. As Vietnam sits on the cusp of becoming a middle income [...]
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Posted in Life in Vietnam | 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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Posted in Politics | Comments Off
October 30, 2011
Lawyer Pham Thanh Binh, deputy head of Hong Ha Law Firm in Hanoi. A series of loan insolvencies totaling hundreds of billion Vietnamese dong have been detected in Hanoi. This is partly due to the impacts of the economic slowdown, which has savers shying away from legal investment channels because of low profits. They instead [...]
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Posted in Reports | Comments Off
September 24, 2011
A poultry trader carries chickens on his way to a local market in Ho Chi Minh City. Foreign firms are dominating the local animal feed and livestock breeding market. Foreign businesses hold most of the animal feed and livestock breeding market share and are working together to increase prices, according to local industry advocates. “While [...]
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Posted in Business | Comments Off
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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Posted in Reports | Comments Off
July 21, 2011
State oil and gas group PetroVietnam will establish a venture with a military firm under the defense ministry to produce ammonia that is expected to use natural gas from the East Sea as feedstock. The venture, 60 percent owned by PetroVietnam and 40 percent by the Hanoi-based General Army of Economic and Technology (Gaet), [...]
Tags: 000 Tons, 40 Percent, Ammonia, Ammonium Nitrite, defense, Defense Ministry, East Sea, military, Military Firm, Natural, Natural Gas, percent, PetroVietnam, power, produce, The Defense, The Defense Ministry, The East, The East Sea, The Gas, venture, Vietnam
Posted in Business | Comments Off
March 28, 2011
A customer looks at LCD TVs at an electronics store in Ho Chi Minh City. Electronics retailers in Vietnam are facing difficulties due to falling sales. Several electronics stores could be forced to shut down in the near future as inflation forces consumers to tighten their belts, industry insiders say. Vo Thi Hoang Quan, general [...]
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Posted in Business | Comments Off
January 15, 2011
An economist argues that Vietnam needs to start taxing the rich and easing off the poor A cyclo driver reads a newspaper outside an electronics store in downtown Ho Chi Minh City. Dr. Nguyen Minh Phong of the Hanoi Socioeconomic Research Institute says that taxes should be adjusted to meet the current economic reality. [...]
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Posted in Reports | Comments Off
January 8, 2011
Eight percent of Vietnamese are battling infertility, Vietnamnet quoted Deputy Minister of Health Nguyen Viet Tien as saying Monday. Â At a recent conference on shortcomings in infertility treatment, Tien, who is also director of the National Hospital for Obstetrics and Gynecology, said this was an alarming rate. Â Vietnam’s increasing rate of infertility [...]
Tags: 10-percent, 40 Percent, hospital, Infertility, Obstetrics, Obstetrics Hospital, percent, The country, Vietnamnet Quoted
Posted in Health | Comments Off
January 29, 2010
PetroVietnam Finance Corp (PVFC), an arm of Vietnamâs state oil monopoly, plans to list shares on the Singapore stock exchange in the third quarter of this year, its chairman said Friday. âPVFC will sell an 18 percent stake owned by PetroVietnam in the Singapore listing,â Nguyen Dinh Lam told Reuters on the sidelines of a [...]
Tags: 40 Percent, At The Meeting, company, Gross Profit, listing, Meeting, Morgan stanley, percent, Percent Pvfc, PetroVietnam, Petrovietnam Finance, plans, profit, shares, Singapore, Singapore Listing, stake, The company, The Listing, The meeting, The Singapore, The Singapore Listing, This year, trillion, Truong, Vietnam
Posted in Business, News | Comments Off
