November 26, 2011
An employee at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, counts dong bank notes in Hanoi. Vietnam’s central bank unveiled plans to create a three-tiered financial industry dominated by 15 lenders as part of efforts to allay concerns over the nation’s banking system. The country aims to have 15 “big” banks by [...]
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August 23, 2011
An employee looks at jewelry at a gold shop in Hanoi. The central bank estimated individuals were holding between 300 and 500 tons of gold. The recent gold frenzy has exposed several weaknesses in market regulations and it’s time to set up an official exchange to put gold trading back in order, experts said. Vietnam’s [...]
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February 28, 2011
A cyclo driver talks on a cell phone in downtown Ho Chi Minh City. Local cell phone brands targetting the lower-end market segment are doing well in Vietnam. Business is blooming for local cell phone brands targeting the lower-end market segment. Handset retailers said cell phones priced at more than VND6 million (US$280) only account [...]
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January 22, 2011
HCMC health officials check food products at the Binh Tay wholesale market. Health inspectors from Ho Chi Minh City disposed of nearly 3,000 eggs that did not meet food safety and hygiene requirements during an inspection carried out Tuesday. The inspection also found many pork bologna samples contaminated with borax, as well as nearly 51 [...]
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January 22, 2010
Phillips Carbon Black Ltd said Thursday it plans to invest $50 million to set up a 50,000 metric ton per annum plant in Vietnam, in a joint venture with three Vietnamese state-run firms. Phillips Carbon Black will hold 80 percent in the plant, which will be commissioned in 2011, the company said in a statement.“We [...]
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January 9, 2010
Vietnamâs baby formula market was worth VND8 trillion ($421.1 million) in 2008 Many dairy companies have hiked up the prices of infant formula in the new year citing the weaker dong and higher wages, but the government said their huge marketing costs are, in fact, inflating prices. Mead Johnson, Abbott, and Dutch Lady prices are [...]
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December 5, 2009
Vietnamese soldiers in a flag-saluting ceremony on the Truong Sa Archipelago Escalating tensions over the oil-rich East Sea could be eased temporarily by a joint-exploitation agreement and then resolved permanently under international laws, scholars said at a workshop in Hanoi Friday. The issue was discussed during the two-day event that attracted more than 150 scholars [...]
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December 5, 2009
Remains of 33 fallen combatants found; Vietnam, Cambodia tighten anti-human trafficking ties; Solutions sought for sustainable craft village; Germany helps Vietnam reduce electric energy loss; PM orders general inspection of websites Remains of 33 fallen combatants found Authorities in the central province of Quang Ngai have unearthed a mass grave, recovering the remains of 33 soldiers [...]
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December 4, 2009
The river bed is dry and cracked on parts of the Red River photographed Thursday afternoon in Hanoi. North Vietnam is facing draught in large areas as rivers and lakes are drying out, a senior irrigation official said Thursday. Dam Hoa Binh, deputy head of the Irrigation Department under the Ministry of Agriculture and Rural [...]
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November 27, 2009
A man sells grapes in Ho Chi Minh City. The fruits were labeled as from Thailand but they in fact came from China. Produce at city markets is chock full of dangerous additives, and while the label might say âmade in the USA,â it probably comes from China. Fruits and vegetables bought at Ho Chi [...]
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