Posts Tagged ‘ company ’

Customs officer suspended after complaint, pending no penalty 

January 2, 2012
Customs officer suspended after complaint, pending no penalty 

Tran Hoang Huy, Director of Huy Phat Company A senior customs officer has been suspended after a businessman complained about customs services in a letter to Vietnam’s finance minister earlier this month. But there’s no sign that the suspension will be followed by a punishment as the first investigation by the ministry concluded the official innocent, news website VnExpress [...]

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Foreign investors in for the long haul 

January 2, 2012
Foreign investors in for the long haul 

  Despite the tough economic climate, many foreign companies are continuing to expand operations in Vietnam in hope that their strategy will pay off when the recovery happens. BlueScope Buildings Vietnam, formerly known as BlueScope Lysaght Vietnam, inaugurated a US$4 million steel plant in Hanoi two weeks ago. The plant, located in the Quang Minh [...]

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Suspected fuel passes inspection, Vietnam vehicular fires remain unsolved 

December 31, 2011
Suspected fuel passes inspection, Vietnam vehicular fires remain unsolved 

A motorbike on fire in Hanoi on October 12 Tests on gasoline samples suspected of being related to recent vehicular fires in Vietnam revealed no excessive additives which might have caused the blazes, Tuoi Tre reported Saturday. The newspaper quoted Tran Van Vinh, deputy chief of the Directorate for Standards, Metrology and Quality, as saying [...]

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Another taxi company banned from Saigon airport 

December 28, 2011
Another taxi company banned from Saigon airport 

  The Ministry of Transport on Thursday suspended another taxi company from operating at Tan Son Nhat International Airport in Ho Chi Minh City for various violations, online newspaper VnExpress reported. Happy Taxi is the third company to be banned from the airport, after Petrolimex Taxi and Festival Taxi. The decisions were made following an [...]

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Plenty of guilt to go around in Vietnamese shipbuilding scandal 

December 25, 2011
Plenty of guilt to go around in Vietnamese shipbuilding scandal 

  Two more former officials were placed under investigation Friday, as the Ministry of Public Security’s investigators expanded their probe into the huge losses of state-owned shipbuilder Vinashin. A report in Tuoi Tre quoted the investigators as saying Saturday that Nguyen Van Tuyen, 49, former director of Hoang Anh Ship Building Joint-stock Company, a member company [...]

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French breast implant fears spread around world 

December 23, 2011
French breast implant fears spread around world 

Alexandra Blachere, who heads an association of women with faulty breast implants, displays silicone gel breast implants during an interview in Paris December 20, 2011. Fears over the safety of silicone breast implants made by a now defunct French firm spread to Australia, South America and across Europe on Thursday as French officials prepared to [...]

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Vietnam fuel companies suspected of dodgy tax practices 

December 23, 2011
Vietnam fuel companies suspected of dodgy tax practices 

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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Vietnamese exporters feel the pinch as EU crisis deepens 

December 21, 2011
Vietnamese exporters feel the pinch as EU crisis deepens 

  The financial crisis in Europe and resultant weaker consumption is posing a great danger to Vietnamese exporters, many of whom have been heavily dependent on the market. Truong Thi Le Khanh, general director of Vinh Hoan Corp., a seafood processor and trader, said shipments to the EU are now on a decline. As the [...]

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Amazon weighed buying RIM, interest cooled 

December 21, 2011
Amazon weighed buying RIM, interest cooled 

A BlackBerry handset is displayed in Washington, December 15, 2011. Research In Motion Ltd has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation. Amazon hired an investment bank this summer to review [...]

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Gold firms struggle after central bank notice 

December 19, 2011
Gold firms struggle after central bank notice 

  File photo dated last year shows a man putting gold into a molding machine at the Sacombank gold bar factory in Ho Chi Minh City . All gold bar producers, except SJC, are expected to completely stop bullion production. Huge losses and unemployment for hundreds of workers loom as gold bullion producers prepare to [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...