December 19, 2011
Hoang Van Thiep (top left) and other members of a gang alleged of threaten other companies at gun point in order to get contracts to fill land and buy scrap materials at lower than market prices. The director of a construction consulting company in Ho Chi Minh City has been arrested for using guns to [...]
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November 6, 2011
The 28-ranked GM Le Quang Liem (L) will receive US$150,000 from the Vietnam Chess Federation in four years, Photo by VnExpress. The Vietnam Chess Federation (VCF) on Thursday inked four-year sponsorship contracts worth US$200,000 with the country’s two best chess players, Le Quang Liem and Nguyen Ngoc Truong Son. The 20-year-old Liem, ranked 28th in [...]
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October 30, 2011
Lawyer Pham Thanh Binh, deputy head of Hong Ha Law Firm in Hanoi. A series of loan insolvencies totaling hundreds of billion Vietnamese dong have been detected in Hanoi. This is partly due to the impacts of the economic slowdown, which has savers shying away from legal investment channels because of low profits. They instead [...]
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October 30, 2011
Foreign visitors examine Vietnamese wood products at an exhibition in Ho Chi Minh City. The demand for garments and woodwork is expected to fall as the global recession continues. Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits. Exporters worry that the development is expected [...]
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October 29, 2011
Prime Minister Nguyen Tan Dung wants to monitor case progress in Australia Bundles of polymer dong banknotes in Hanoi. The central government has reported to lawmakers that police have found no evidence of bribery in a high-profile international currency-printing scandal. The Ministry of Public Security has yet to find evidence that an Australian currency-printing [...]
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October 19, 2011
Workers sort through green robusta coffee beans for defects at a processing plant in Ho Chi Minh City. Commodity exchange NYSE Liffe has launched a scheme to grade robusta coffee supplies in Vietnam. Coffee exporters in Vietnam, set to ship a record harvest, are being urged not to sign so-called forward contracts unless they have [...]
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Posted in Business | Comments Off
September 9, 2011
Vietnam has to get very tough or the flood of illegal Chinese workers will continue Chinese workers at a construction site in the south-central province of Phu Yen. Thousands of illegal workers will continue taking jobs from Vietnamese workers if the Vietnamese government does not take action now, analysts say. There will be no [...]
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September 4, 2011
Farmers transport rice after harvesting it outside Hanoi. Vietnam is expected to export a record 7.3 million tons of rice this year. The prices of many agricultural products are rising in the world market, but Vietnamese exporters may not be able to capitalize on this opportunity because their stocks are thin. Coffee prices have surged [...]
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June 11, 2011
Sixteen former Vinashin officials and three government ministries implicated in the company’s financial debacle A ship assembled by the Vietnam Shipbuilding Industry Group (Vinashin)’s Ha Long Ship Building Company in the northern Quang Ninh Province. Three government ministries and 16 former Vinashin officials have been implicated by a team of government inspectors in the [...]
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June 3, 2011
New consumer protection law will lack teeth without several amendments, say experts A woman walks past an advertisement at a shopping center in downtown Hanoi. Vietnam’s first-ever Consumer Protection Law will take effect this July. The Consumer Protection Law that will take effect this July is a good first step, but one that needs [...]
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