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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Posted in Reports | Comments Off
December 20, 2011
Travel agencies already struggling in difficult economic conditions will be hit hard by the latest hike in domestic airfares, industry insiders say. The agencies face both losses on tours already booked and cancellations of bookings because of higher tour prices. In fact, the airfare hike makes foreign tours more attractive to local customers, they [...]
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Posted in Travel | Comments Off
December 19, 2011
Job seekers loof for opportunities at a job vacancy notice board in Vietnam. Young people are finding it harder than other age groups to get jobs in Vietnam , and this does not augur well for their future, experts say. The 2011-2020 Vietnam Employment Strategy report estimates the unemployment rate among youths aged 15-24 at [...]
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Posted in Business | Comments Off
December 16, 2011
Vietnam authorities have asked four dairy firms to explain their price increases after some products were raised up to 18 percent. The companies will be subject to legal responsibility if their increases are found irrelevant to input costs, the Finance Ministry said in a statement December 9. Early this month, Mead Johnson, Nestle Vietnam, Tien Tien [...]
Tags: costs, Dairy, Dairy Firms, firms, increases, Mead Johnson, Of The Increases, percent, price, Price Increases, prices, products, retailers, The Firms, The Increases, Vietnam
Posted in Business | Comments Off
December 12, 2011
Many cement firms are deeply in the red after demand has plummeted due to the housing market slump while supply has soared because of the indiscriminate construction of several plants. Le Van Toi, head of the Ministry of Construction’s Construction Material Department, said: “Sales of many kinds of construction materials, including cement, have fallen [...]
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Posted in Business | Comments Off
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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Posted in Business | Comments Off
October 15, 2011
Vietnam’s new cabinet makes a strong start with several “smart technocrats”, but economic woes and lack of transparency pose hurdles, according to analysts Residents fishing next to Han River bridge in central coastal city of Da Nang. New Transport Minister Dinh La Thang last week took the unusual step of firing the manager of [...]
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Posted in Politics | Comments Off
October 8, 2011
A new bright era is on the horizon for the industrial sector in Vietnam as the country’s effort to attract hi-tech foreign investment has taken off, according to consulting firm CB Richard Ellis (CBRE). Vietnam is moving away from traditional focus areas of industrial production such as machinery, textiles, food processing, coffee and rice [...]
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Posted in Business | Comments Off
October 8, 2011
A man sells petrol at a station outside Hanoi on September 22. The Finance Ministry has sent out inspection teams to look into oil product prices of Petrolimex, PV Oil and two other distributors. The losses or profits fuel importers make are not clearly accounted for and people are unhappy about this. If the accounting [...]
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Posted in Reports | Comments Off
September 24, 2011
Many power plant projects are years behind schedule, hurting Vietnam’s chances of fulfilling its goal of achieving a stable power supply, industry insiders said. Experts have said that up to 90 percent of thermal power projects, including coal-fired and gas-powered plants, under Vietnam’s 2006-2010 master plan, have not been completed yet. According to the [...]
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Posted in Business | Comments Off
