July 26, 2011
Eximbank of Vietnam said on Tuesday its net profit in the first half rose 78.9 percent from a year earlier to VND1.27 trillion (US$61.8 million). Ho Chi Minh City-based Eximbank said in a financial statement that total assets as of the end of June rose nearly 9 percent from the end of 2010 to [...]
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January 29, 2010
LookAtVietnam – Vietnam’s mechanics industry has not made any measureable progress and has been compared by experts to the son that never grew up. Industry behind The business began in 1991 with just a machine producing instant noodles and now Lituda manufactures a wide range of products, including about 100 different machinery parts and accessories. Lituda Director [...]
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January 23, 2010
New luxury tax for alcohol; Metro Cash & Carry to open 12th center in Vietnam; Local textile, garment firms cooperate to boost expansion Beer and other alcoholic drinks will face a special consumption tax of 45 percent until the end of 2012, the General Department of Taxation has said. According to a note sent by [...]
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January 7, 2010
Sapporo Holdings Ltd., Japanâs fourth-largest brewer, will focus on expansion in North America and Southeast Asia, where returns on investment will be greater than in China, Chief Executive Officer Takao Murakami said. âCompetition in China is intensifying, and everyone seems to be having a hard time boosting profits,â Murakami, 64, said in Tokyo Wednesday. âWe [...]
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September 10, 2009
A sugar shop at a market in Ho Chi Minh City. Vietnam obtained just 995,000 tons of sugar from the 2008-09 crop, 20 percent lower than the previous one, due to shrinking sugarcane area in the country. The Ministry of Agriculture and Rural Development said the total sugarcane area for the 2008-09 crop that just [...]
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July 30, 2009
After a short interruption of three weeks, deposit interest rates are now increasing again. Nearly ten banks have pushed interest rates up to levels higher than in early July and launched attractive promotion campaigns to attract more deposits. HD Bank, for example, has applied new interest rates since July 27 with the highest interest rate [...]
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July 27, 2009
Foreign debt at 29.8 percent GDP in 2008; Cambodian, Vietnamese airline begins operations; Rubber set to bounce back as demand rises; Shrimp exports show recovery sign Vietnam’s foreign debt stood at 29.8 percent of its gross domestic product in 2008, down from 32.5 percent in 2007, according to the latest finance ministry figures. Of the [...]
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June 28, 2009
LookAtVietnam – Together with the strong growth in rice output, increasing land acquisition by farmers in the Mekong Delta has helped boost agriculture, the Southern Institute of Social Sciences said. A rice field in the Mekong Delta, where acquisition of land by farmers has shot up in recent years, giving a shot in the arm [...]
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