January 16, 2012
The World Bank agreed Thursday to lend US$ 973.5 million to Vietnam for three poverty reduction and infrastructure projects. The projects are the $613.5-million Da Nang – Quang Ngai Expressway, $210-million Medium Cities Development project, and the $150-million 10th Poverty Reduction Support Credit. “It is the first time that the World Bank is financing an [...]
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Posted in Politics | Comments Off
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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Posted in Business | Comments Off
December 19, 2011
Residential apartment buildings in Ho Chi Minh City's District 2 The housing markets in both Hanoi and Ho Chi Minh City will continue to see price falls in 2012 as cities across Asia-Pacific are expected to have weaker sales volumes, according to global property consultant Knight Frank. Residential prices in the two Vietnamese cities will [...]
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November 19, 2011
A worker walking a bicycle loaded with construction steel on his way to a construction site in Hanoi The frozen property market and high interest rates have pushed steel producers into the red and some even face the risk of shutting down their business. Pham Chi Cuong, chairman of the Vietnam Steel Association, said [...]
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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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Posted in Business | Comments Off
October 20, 2011
A corporate logo is displayed at the Nokia flagship store in Helsinki in this picture taken September 29, 2010. The world’s largest cellphone maker Nokia reported a smaller than expected fall in third quarter profits as price cuts and new models lifted sales of its basic cellphones in key markets like India. Shares in Nokia [...]
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Posted in International | Comments Off
September 1, 2011
Residents look at a map of the planned nuclear power plant in Ninh Thuan Province’s Thuan Nam District. After scientists detected new faults near the site, experts have urged that the plans be deferred. Two fault lines hitherto uncovered have provoked myriad calls for Vietnam’s nuclear power plans to be deferred on safety considerations. Serious [...]
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Posted in Sci-Tech | Comments Off
August 3, 2011
Vietnamese youth on a bicycle trip to promote environment protection. Ten Vietnamese youth have registered to participate in a bicycle tour from Ho Chi Minh City to Cambodia in a campaign against human trafficking that is increasingly taking place in border areas. The Rainbow Campaign is the first bicycle trip in Vietnam that aims to [...]
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Posted in Sci-Tech | Comments Off
June 14, 2011
Vietnam is expected to have a steel surplus of around 3 million tons in 2011 The government has asked the Ministry of Finance to review a proposed 3 percent export tax on steel products following objections raised by an industry group. The ministry’s tax policy department suggested the new export tariff late last month in [...]
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Posted in Business | Comments Off
March 29, 2011
Kasemsun Chinnavaso, director general of Thailand's Water Resources Department, stands on the banks of the Mekong River in Muang district, Nongkhai province, Thailand, in March 2010. One year after one of the driest years in half a century, tens of millions of residents along the Mekong River are still trying to determine the cause of [...]
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Posted in Social | Comments Off
