Posts Tagged ‘ First Two Months ’

Reservoirs dry up, worsen power shortage 

March 15, 2011
Reservoirs dry up, worsen power shortage 

The reservoir at Ham Thuan Power Plant in the Central Highlands is drying up Many hydropower plants have had to reduce operations due to dangerously low water levels, worsening the electricity shortage problem in the country. Power plant operators said reservoirs are drying up around the country, especially in the Central Highlands and southern provinces. [...]

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Attracting foreign direct investment in agriculture

May 2, 2009
Attracting foreign direct investment in agriculture

Nguyen Thi Bich Van, the vice director of the Foreign Investment Agency of the Ministry of Planning and Investment stated that this year the ministry will focus on attracting foreign direct investment in agriculture.   The northern province of Ninh Binh has spent US$1.5 million on a rabbit farm in Nho Quan District.FDI capital is falling [...]

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BUSINESS IN BRIEF 15/4

April 15, 2009
BUSINESS IN BRIEF 15/4

1.819 million tonnes of rice exported so far; Vietinbank to issue long-term valuable papers for 2009; Young entrepreneurs join hand to fight economic recession; VND 20,000 billion to fund investment promotion activities in 2009; Apparel export to Japan on the rise 1.819 million tonnes of rice exported so farIn the first ten days of April, [...]

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Nation sees trade surplus despite falling exports

April 5, 2009
Nation sees trade surplus despite falling exports

LookAtVietnam – In the first two months of 2009, Viet Nam enjoyed a trade surplus of some US$300 million, largely due to a slump in imports caused by companies’ cutting back on imported equipment and raw materials, amid tumbling demand. LookAtVietnam – In the first two months of 2009, Viet Nam enjoyed a trade surplus [...]

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FDI enterprises cut jobs and reduce exports

April 4, 2009
FDI enterprises cut jobs and reduce exports

LookAtVietnam – Despite its vigorous growth in recent years, the FDI sector has lately seen dramatic declines in its export turnover. FDI enterprises achieved only US$ 2.97 billion in the first two months of 2009, an 8.8 percent drop from the same period last year. LookAtVietnam – Despite its vigorous growth in recent years, the [...]

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GSO reports sharp decreases in car imports

March 30, 2009
GSO reports sharp decreases in car imports

The car import turnover in the first quarter of 2009 saw a sharp decrease over the same period of the last year, according to the General Statistics Office (GSO). It is estimated that over 6,000 cars have been imported under the form of complete built unit (CBU) in the first three months of the year, [...]

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Banks raise deposit interest rates

March 24, 2009
Banks raise deposit interest rates

LookAtVietnam – Many local banks have further increased their deposit interest rates to meet the increasing demand for capital, according to the State Bank of Viet Nam. Many local banks have further increased their deposit interest rates to meet the increasing demand for capital.The central bank says interest rates for dong deposits at local commercial [...]

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Overseas remittance decreasing slightly

March 23, 2009
Overseas remittance decreasing slightly

Overseas remittance service providers have reported lower remitted money in the last two months due to the global economic difficulties. Pham Thi Nga, Head of the Overseas Remittance and Retail Policy Division under Vietcombank, said that the overseas remittance volume in the first two months of the year was US $200 million, a decrease of [...]

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Delta farmers cash in on rice prices

March 23, 2009
Delta farmers cash in on rice prices

The Cuu Long (Mekong) Delta is entering the peak harvest season for the winter-spring rice crop, with the price of rice continuing to increase as demand for exports remains high. Traders buy products from farmers in southern Cai Be District of Tien Giang Province.LookAtVietnam – The Cuu Long (Mekong) Delta is entering the peak harvest [...]

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Steel producers ask for higher import tax

March 17, 2009
Steel producers ask for higher import tax

LookAtVietnam – The Viet Nam Steel Association has urged the Government to raise import tax on steel by between 1-10 per cent to protect domestic production. Experts were concerned that the proposal to raise import tax on steel, if approved, would cause a price hike in the domestic market.The association sent a petition to the [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...