January 25, 2012
State-owned shipbuilder Vinashin almost collapsed under debts amounting to US$4.5 billion. Vietnam’s Prime Minister Nguyen Tan Dung told state-owned companies to submit restructuring plans, stepping up a drive to bolster the economy by raising efficiency and competitiveness. Detailed proposals involving steps such as selling stakes to private investors and disposing of non-core businesses must be [...]
Tags: companies, Government, inflation, owned, Owned Companies, plans, restructuring, Restructuring Plans, state, State Owned Companies, State-owned, Submit Restructuring, Submit Restructuring Plans, The economy, The government, The Nation, To Submit Restructuring, To Submit Restructuring Plans, Vietnam
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January 25, 2012
Consumer demand for holiday goods and transportation will grow 10 percent from last year, according to a government forecast that urged authorities to monitor and stabilize prices. Asia’s fastest inflation is the last thing on Tran Hang’s mind as she jostles fellow shoppers at a street stall in Hanoi’s Old Quarter to snap up [...]
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January 15, 2012
Ho Chi Minh City as seen from the rooftop of a downtown building. Property prices are expected to fall in the next six months. Developers are still pessimistic about market conditions but some experts believe investors should not rule out real estate just yet. Economist Dinh The Hien said the government is expected to [...]
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January 15, 2012
Vietnam may need to import US$2.5-billion in gold during 2012. The State Bank of Vietnam has allowed more than 10 companies to import a total 2.1 tons of gold for jewelry production, local media reported Friday. Some of the companies, including DI, Jewelpark Vina, Son Duong Vang, have been granted quotas to import more than [...]
Tags: companies, import, Last year, May Need, The Companies, The Gold, Vietnam, Vietnam May Need
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January 11, 2012
 A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. [...]
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January 8, 2012
Experts say more should be done to eliminate scam taxis after inspections led to the suspension of eleven firms in HCMC and Hanoi An imitation taxi passes foreign tourists near HCMC’s Ben ThanhâMarket. Experts say Vietnam must do more to eliminate illegal taxis that tarnish the image of major cities. Nguyen Chi Hieu hailed [...]
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December 23, 2011
A Petrolimex gas station in Hanoi Economists suspect that Vietnam’s biggest fuel companies, particularly Petrolimex, may have deliberately reported huge losses and shifted profits to subsidiaries to evade tax. A recent inspection of major oil importers, including Petrolimex, found that they paid retailers, many of them its own subsidiaries, higher commissions than allowed and reported huge losses. [...]
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December 22, 2011
A Petrolimex gas station in Hanoi The Finance Ministry has found that major Vietnamese importers of oil products made smaller losses than they previously reported. Petrolimex, the largest fuel trader with a market share of around 60 percent, had reported losses of VND1.8 trillion (US$85.7 million) in the first six months. However, the actual loss [...]
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December 17, 2011
The new BlackBerry Torch 9800 smartphone is seen after it was introduced at a news conference in New York August 3, 2010. To understand what ails BlackBerry maker Research In Motion Ltd in the U.S. market, just ask eBay Inc Chief Executive John Donahoe. The world’s biggest online auction site had about a hundred engineers [...]
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December 16, 2011
Investors at SME Securities Corp. Many stock investors are facing the risk of losing all their money as securities companies â after illegally using funds deposited by clients â are stuck in liquidity problems. Economist Dinh The Hien said a lot of stock brokerages have acted like small banks. Although they are not allowed to, [...]
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