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 25, 2012
Two Vietnamese sailors on a Taiwanese fishing boat hijacked by Somali pirates off the Indian Ocean two years ago have called home saying the pirates had chopped off an arm of the captain. The pirates are demanding a US$2.8-million ransom. On January 20, Tran Van Hung, one of the 26 crew members of the [...]
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Posted in Social | Comments Off
January 16, 2012
Activists are unhappy that a company that profited once by maiming Vietnamese civilians is allowed to profit again in the country 18-year-old Thang, believed to be an Agent Orange victim according to locals who know his mother, waits for customers at a market in Hanoi on January 9. It would be ironic if Vietnam [...]
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Posted in Reports | Comments Off
January 15, 2012
Siphoned gasoline replaced by other liquids by unscrupulous tank truck drivers may be the cause of car and motorbike fires Two men pumping liquid into a tank truck after spiriting hundreds of liters of gasoline. Low quality fuel is now considered the prime suspect responsible for the many car and motorbike fires over the [...]
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Posted in Reports | Comments Off
January 14, 2012
A disassembled Olympus camera and its parts are seen in this illustrative photograph taken in Tokyo November 24, 2011. Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking [...]
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Posted in International | Comments Off
January 9, 2012
EVN Telecom posted revenues of nearly VND2.43 trillion last year. The transfer of EVN Telecom, a unit of state utility Electricity of Vietnam, to Viettel has started and will be completed by the end of March, news website VnExpress reported. EVN Telecom posted revenues of nearly VND2.43 trillion (US$115.5 million) in 2011, equal to just 62.7 percent of [...]
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Posted in Business | Comments Off
January 9, 2012
Justin Bieber will help unveil a new entertainment robot made by a Vietnamese company Singing sensation Justin Bieber is expected to help launch a toy robot made by Hanoi-based TOSY Robotics at the world’s largest consumer technology tradeshow – the 2012 International CES – later this week. According to an official CESÂ statement, the pop star [...]
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Posted in Business | Comments Off
January 7, 2012
Dau Ngoc Hung (L) arrives at Hanoi’s Noi Bai International Airport January 4. Hung is the sole survivor out of 23 sailors who were on board the Vietnamese cargo vessel Vinalines Queen which reportedly sank off the Philippines on December 25 without sending distress signals. The sole survivor from the Vinalines Queen, the Vietnamese [...]
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January 3, 2012
Nguyen Duc Kien, vice chairman of the Vietnam Professional Football JSC (VPF) The newly established national football company, VPF, says it rejects the validity of 20-year-contract between the Vietnam Football Federation (VFF) and the An Vien Group (AVG). Early this year, VFF and AVG signed an agreement worth VND 6 billion (US$285,000) per year that [...]
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January 3, 2012
Leeches have been spreading rapidly in Ho Chi Minh City ’s Hoc Mon District. Locals began breeding them based on demand from China , but dumped them in local fields and other areas after the main buyer closed shop three months ago. Vietnam’s agriculture ministry has issued a ban on the breeding of leeches [...]
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Posted in Sci-Tech | Comments Off
TPG willing to invest $1 billion in Olympus
A disassembled Olympus camera and its parts are seen in this illustrative photograph taken in Tokyo November 24, 2011. Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking [...]
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Posted in International | Comments Off