Look At Vietnam

Tag: First Six Months

Ministry of Finance says advertising expenses increase dairy prices

December 23, 2009  . Filed under Business, News

Ministry of Finance says advertising expenses increase dairy prices

LookAtVietnam – The costs dairy producers and distributors pay for advertising and marketing are too high. The Ministry of Finance (MOF) in late November completed an inspection on dairy products’ prices and came to the conclusion that the overly high advertising expenses have pushed the prices up. It believes that it is time for producers to cut... Read more

Qantas plans to up Jetstar Pacific stake to 30 percent

October 13, 2009  . Filed under News, Travel

Qantas plans to up Jetstar Pacific stake to 30 percent

LookAtVietnam – Australian airline Qantas has announced  it plans to raise its stake in Vietnam’s budget airline, Jetstar Pacific, to 30 percent by 2010. Qantas now holds a 27 percent Jetstar Pacific share, while the State Capital Investment Corporation (SCIC) has 51 percent.  A further 22 percent is held by other domestic investors. According... Read more

Labour inspectors ordered to ensure safety

October 5, 2009  . Filed under News, Social

Labour inspectors ordered to ensure safety

LookAtVietnam – The Ministry of Labour, Invalids and Social Affairs (MoLISA) has asked its inspectors to strengthen labour safety by strictly monitoring enterprises’ compliance Inspectors should strictly fine and punish violators, especially companies that do not file complete reports in time on workplace accidents.They should require companies to... Read more

Dire times for female migrant workers

September 28, 2009  . Filed under News

Dire times for female migrant workers

Workers leave Song Than Industrial Park in the southern province of Binh Duong. In the lingering impact of the economic downturn, thousands of female factory workers must accept abysmal pay and conditions or join the ranks of the unemployed. Nguyen Ngoc Linh is too busy working twelve hours a day to think about... Read more

Life insurance firms balk at more competition

September 13, 2009  . Filed under Business, News

Life insurance firms balk at more competition

One of life insurance company Prudential’s offices in Ho Chi Minh City. Local insurance companies want the government to stop issuing new licenses to allow the local market to stabilize. As more foreign firms eye Vietnam’s fast growing life insurance market, they argue it is already too crowded to allow... Read more

The paradox in the domestic market

August 28, 2009  . Filed under Business, News

The paradox in the domestic market

LookAtVietnam – Vietnamese businesses have focused on making products to sell abroad at low prices, while they have not paid much attention to selling products in the domestic market. Van, who works for a telecom company in Hanoi, said that she purchases ‘made in Vietnam’ clothes and leather shoes made by Vietnamese companies under outsourcing... Read more

Becoming more cautious, banks now checking loans

August 26, 2009  . Filed under Business, News

Becoming more cautious, banks now checking loans

LookAtVietnam – Commercial banks have become more cautious in their lending since SBV adjusted the targeted credit growth rate from 30 percent to 25-27 percent.  Commercial loaning going more slowly… In the first six months of 2009, outstanding loans of banks increased more rapidly than their mobilised capital. Mobilised capital increased... Read more

Sinopec’s net profit up 332.8% in H1

August 24, 2009  . Filed under International, News

Sinopec’s net profit up 332.8% in H1

China Petroleum and Chemical Corporation (Sinopec) said Sunday its net profit in the first half of 2009 rose 332.8 percent year on year because of adjusted refined oil prices in domestic market. Under international accountant rules, Sinopec’s net profit totaled 33.25 billion yuan (4.87 billion U.S. dollars) in the first half with earnings per share up 0.294... Read more

Ministry wants nationwide task force for forest protection

August 23, 2009  . Filed under News, Social

Ministry wants nationwide task force for forest protection

LookAtVietnam – A new task force to protect and expand forests has been proposed in response to illegal logging of more than 1,300h of forests in the first half of 2009.  Park rangers bust an illegal logging case in the central region. LookAtVietnam - A new task force to protect and expand forests has been proposed in response to the illegal logging... Read more

Low-cost brands keep crisis doldrums at bay

August 21, 2009  . Filed under Business, News

Low-cost brands keep crisis doldrums at bay

A man looks at mobile phones displayed at Nguyen Kim Shopping Center in Ho Chi Minh City’s District 1 The local cell phone market rang up good sales amidst the economic downturn thanks to the rising popularity of mass-marketed brands, industry insiders say. Dinh Anh Huan, sales manager at Vietnam’s leading... Read more

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