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 2, 2012
Vietnam will find it difficult to sustain into the new year the trade deficit reduction that it managed in 2011, given that it plans to reduce import tariffs on many products and that the ongoing global recession could hurt its exports, experts say. Vietnam’s trade deficit narrowed to US$9.5 billion from $12.4 billion in [...]
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December 12, 2011
Rice exports from Vietnam, the second-largest shipper, reached a record level, boosting supply at a time when floods and government policies may reduce flows from Thailand, the largest exporter. Shipments totaled 6.84 million metric tons in the year through Dec. 8, the Vietnam Food Association said today. That’s more than the 6.75 million tons [...]
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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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November 8, 2011
Vietnam’s bonds declined on signs bank demand for the securities is weakening. The dong was stable. Vietnam’s bonds declined on signs bank demand for the securities is weakening. The dong was stable. The State Treasury sold a total of VND1.1 trillion ($52.4 million) of three-year and five-year notes on Nov. 3, less than the [...]
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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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August 31, 2011
Vietnam’s central bank said it will raise compulsory reserve ratios for foreign currency deposits from next month, the third increase this year as it strives to shore up the local currency and discourage the use of dollars. The move will effectively make it more expensive for banks to deal in dollars, which make up [...]
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August 27, 2011
In 1954, the year Vietnam was split in two by the Geneva Accords, Do Thi Mien bought her first gold ring with money she had earned selling grass to cow farmers. For more than 55 years, Mien remained a gold bug, like most of her compatriots, investing almost exclusively in the yellow metal. She [...]
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August 23, 2011
Growth of Vietnamese film industry inhibited by lack of production facilities  Crumbled sets at the Hanoi-based Co Loa Studio. Directors said the critical lack of professional studios is hindering the local film industry’s development. If there is one aspect that clearly underlines the state of underdevelopment of Vietnam’s film industry, it is the state [...]
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August 20, 2011
Vietnam is a big name in the rubber industry. It is the world’s fourth largest exporter despite being a late entrant into the international market. But Vietnamese firms producing tires and needing latex for other production purposes are facing a shortage of the material and having to import it at higher prices. The increased [...]
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