Many garment companies may have to shut down, leading to tens of thousands of jobs to be cut as they have been facing difficulties from both the domestic and export markets. The month of Tet was considered the right time for garment companies to boost sales to earn money. However, the statistics released by the [...]
A farmer carrying chickens on a motorcycle makes his way to a local market on a road in the suburds of Hanoi in 2004. Cattle from poverty and hunger eradication projects have been found to be infected with foot-and-mouth disease, while a bird flu outbreak is threatening the Mekong Delta, according to a meeting Tuesday. [...]
VietNamNet Bridge – Domestic gas prices have been increasing because of the world’s price increases. However, analysts have also pointed out that it is because of the limited capability of domestic firms. The gas price always goes up and down in accordance with the crude oil price. However, a strange thing has been happening: While [...]
The value of foreign investors’ portfolios had been reportedly at US $4.6 billion in December 2008, down by nearly US $4 billion compared to the beginning of 2008, when the portfolios’ values were the highest, according to the State Securities Commission (SSC). Dr. Nguyen Son, Head of the Market Development Division under SSC, said that [...]
VietNamNet Bridge – Automobile manufacturers have unanimously slashed the sale prices of cars since the government released the decision on reducing the VAT from 10% to 5%. Vietnam has halved the value added tax (VAT) on wholly-assembled cars and automobile components. The reduction went into effect on February 1. Right after the decision was released, Toyota [...]
Hong Ngoc (2nd from the R) is taking time off from 5DK to have a baby Vietnamâs popular girl band 5 Dong Ke (5DK), whose name refers to the five lines of a musical staff, say they are down to three members this year. Formed in 2001 in Hanoi, the group has remained one of [...]
State-owned oil marketing company PV Oil cut its offer price for Bach Ho crude loading from April to September after buyers rejected the initial level, traders who received the offer said. PV Oil Co. reduced its offer to a premium of US$5.03 a barrel over its benchmark from $5.16 a barrel, two traders involved in [...]
VietNamNet Bridge – Vietnamese enterprises seem to make an absurd thing as they are trying to raise the sale prices of steel products now, when the world’s prices are on the decrease. The Ministry of Industry and Trade (MOIT) has released the report about the prices of commodities and services in the pre-Tet month, which [...]
VietNamNet Bridge – Privately owned libraries can access book transfers from State-owned counterparts under a Government decree that provides the framework for their operations. A reader peruses ancient books at the National Library. The Government is encouraging both State-owned and private libraries to develop.The decree, issued last Tuesday, requires a private library to have at [...]
VietNamNet Bridge – HCM City administrative agencies are still up to their ears in paperwork, despite a directive issued two years ago that encouraged offices to enter data on computers. The People’s Committee’s directive asked administrative agencies at all levels to reduce printed documents, simplify procedures and increase information technology application.The People’s Committee’s directive asked [...]
