Look At Vietnam

Tag: And Trade Said

Home market is the ‘feeding bottle’ of businesses

December 16, 2009  . Filed under Business, News

Home market is the ‘feeding bottle’ of businesses

LookAtVietnam – The expanding domestic market, including goods and services, makes up 56 percent of Vietnam’s GDP.  This simple truth has only been discovered by Vietnamese businesses recently thanks to the weakened export markets during the global financial  crisis. They have  had to try to sell products within the domestic market... Read more

POLITICS IN BRIEF 26/11

November 26, 2009  . Filed under News, Politics

POLITICS IN BRIEF 26/11

Gov’t leaders meet with Indonesian FM; Chief ASEAN, Chinese prosecutors vow to increase cooperation; Argentina-Vietnam friendship parliamentarians group visits Hanoi Gov’t leaders meet with Indonesian FMPrime Minister Nguyen Tan Dung on November 25 received the visiting Foreign Minister of Indonesia, Marty Natalegawa, at his government office.During... Read more

Long-term target for apparel sector seen unobtainable

November 26, 2009  . Filed under Business, News

Long-term target for apparel sector seen unobtainable

The local garment and textile industry’s target of self-sufficiency in material supply in the long term looks unobtainable due to a shortage of investment in new technology. Advanced equipment on display at the ninth Vietnam International Textile and Garment Exhibition 2009 (VTG 2009) held at the Saigon Exhibition and Convention Center in HCMC early this... Read more

Distraught over electricity prices, businesses demanding change

April 20, 2009  . Filed under Business, News

Distraught over electricity prices, businesses demanding change

Over 100 businesses in Hanoi have asked for an adjustment of the peak-hour electricity pricing scheme, which they say has created big difficulties for production. The Hanoi Department of Industry and Trade said that it had received a lot of complaints from local businesses in the last month about problems with the new electricity pricing scheme. The Sai... Read more

Commodity prices still quoted in US dollars because of loosened control

April 10, 2009  . Filed under Business, News

Commodity prices still quoted in US dollars because of loosened control

Why do producers and distributors still quote commodity prices in US dollars, ignoring the laws? It is because of the loosened control over the law enforcement. Automobile manufacturers, who have been criticized for quoting prices in dollars, said that they have to do that because they will incur losses if they quote prices in VND. As they have to pay in dollar... Read more

Power price increase to have little impact on growth: ministry

February 17, 2009  . Filed under Business, News

Power price increase to have little impact on growth: ministry

A resident in Ho Chi Minh City checks her bill against her electricity-meter. The government has decided to increase retail electricity prices by 8.92 percent from March. The Ministry of Industry and Trade Sunday assured that an increase of retail electricity prices next month would have little impact on economic growth and consumer... Read more