January 8, 2012
A clothes shop offers discount of 50 percent in Hanoi. Vietnamese consumers like to purchase products on sale, a survey has found. All major retailers have been offering attractive discounts to encourage recession-wary shoppers to loosen their purse strings for the festive season, and the initial response has been positive. The discount sales began prior [...]
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January 3, 2012
Vietnam’s trade deficit narrowed sharply to $9.5 billion in 2011, the lowest level in a decade, government estimates showed Wednesday, though concerns over the country’s economic stability remain. Exports rose 33.3 percent year-on-year to $96.2 billion, while imports were up 24.7 percent to $105.7 billion, the General Statistics Office (GSO) said in a preliminary [...]
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December 12, 2011
Easup market in Vietnam Central Highlands on December 7 caught fire, destroying goods worth around US$1 million. A market fire in Vietnam Central Highlands early Wednesday caused property damage estimated at more than US$1 million dollars. Â The fire started at around 1 a.m. and burned down goods of more than 100 retailers at Easup [...]
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December 3, 2011
Vietnam’s garment and textiles industry benefits from preferential tariffs in the ASEAN-Korea Free Trade Agreement. A bilateral free trade agreement between Vietnam and South Korea expected next year should save Vietnam from paying more Korean taxes, a Korean official said Tuesday. Â The two countries are expected to negotiate an agreement early next year, after [...]
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November 21, 2011
Speeding and handing the wheels over to unlicensed drivers is not uncommon practice among container truck drivers, an investigation finds Rescuers carrying the body of a victim killed by an accident between a container truck and a bus that left 10 dead in Binh Thuan Province on November 7. The lack of container truck [...]
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November 16, 2011
A Lotte Mart outlet in Ho Chi Minh City, Vietnam Retail giant Lotte is promoting Vietnamese and Indonesian goods in a special event at 11 Lotte Mart outlets in South Korea between November 11 and 16, according to the company. The Vietnamese goods fair introduces high-quality Vietnamese and Indonesian goods to South Korean customers and [...]
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November 12, 2011
Chilean President Sebastián Pinera (R) and Vietnamese President Truong Tan Sang exchange documents at a free trade agreement signing ceremony in Honolulu, Hawaii on November 11 The leaders of Chile and Vietnam on Friday signed an accord to lift tariffs on thousands of goods, giving a boost to the small but rapidly growing trade between [...]
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July 30, 2011
Tran Ha Duy (L) and her sister Tran Ha Tien have been arrested for their alleged involvement in an African-led drug trafficking ring African drug smuggling rings are using Vietnamese female students as traffickers instead of middle-aged women as they did earlier, a senior narcotics police officer has warned. Colonel Le Thanh Liem, deputy chief [...]
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July 21, 2011
Vietnam, which is battling high inflation and other economic problems, has added nearly $4 billion this year to its foreign reserves, a government report on Thursday said. The State Bank of Vietnam will further increase reserves by the end of 2011, the report to the National Assembly by Deputy Prime Minister Nguyen Sinh Hung [...]
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June 24, 2011
Authorities in Ho Chi Minh City said Tuesday they have fined a local home shopping company VND451.5 million (US$21,970) for selling smuggled and fake goods. Â Under the decision issued by the HCMC People’s Committee, the Happy Shopping Company has also had its illegal goods confiscated and destroyed, including over 13,000 cosmetic products and [...]
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