January 8, 2012
Experts say more should be done to eliminate scam taxis after inspections led to the suspension of eleven firms in HCMC and Hanoi An imitation taxi passes foreign tourists near HCMC’s Ben ThanhâMarket. Experts say Vietnam must do more to eliminate illegal taxis that tarnish the image of major cities. Nguyen Chi Hieu hailed [...]
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Posted in Reports | 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
January 2, 2012
 An apartment project in Hanoi. Many buyers in Vietnam are adopting a wait-and-see approach, hoping prices would slump further. Vietnam’s real estate market is in a funk so bad that several drops in prices have not brought any cheer to buyers. According to the Ho Chi Minh City Real Estate Association, with home prices [...]
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Posted in Business | Comments Off
December 17, 2011
The new BlackBerry Torch 9800 smartphone is seen after it was introduced at a news conference in New York August 3, 2010. To understand what ails BlackBerry maker Research In Motion Ltd in the U.S. market, just ask eBay Inc Chief Executive John Donahoe. The world’s biggest online auction site had about a hundred engineers [...]
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Posted in International | Comments Off
November 28, 2011
The central bank has completed a plan to restructure the banking system. Vietnam’s central bank said it will consider lowering the dong deposit rate cap in December, admitting that the cap has created an advantage for large banks over smaller lenders. The 14 percent cap was introduced at the end of 2010, but until last [...]
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November 15, 2011
 Several economists are saying the government should not commit itself to any gross domestic product target, adding economic growth cannot be a forced process. Vietnam should just follow other countries and release regular economic forecasts instead, they suggest. Vu Quang Viet, who has worked with the United Nations Statistical Division, said GDP growth [...]
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Posted in Business | Comments Off
October 23, 2011
The owner of Vietnam’s first private company after doi moi says entrepreneurs need to know their society in and out – politically and historically – not just economically Nguyen Tran Bat, chairman and general director of Invest Consult Group. Nguyen Tran Bat says the best business decision he ever made had little to do [...]
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Posted in Reports | Comments Off
October 17, 2011
Song Da No. 2 construction firm is now implementing the Ban Ve hydropower plant project in Nghe An Province, but the investor is finding it difficult to pay. Complicated capital disbursement procedures have prevented construction firms from reclaiming debts from investors, even years after their projects finish. Vu Tuan Duong, vice general director of construction [...]
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Posted in Business | Comments Off
October 15, 2011
Unprecedented move against Chinese contractor not easy, but ‘wise’, local firm says Vietnam’s state-owned Construction Corporation No.1 has decided to end its contract with a Chinese supplier due to poor performance at a major hydropower project in the Central Highlands. Beijing IWHR Corporation was terminated from the contract to supply and install the main [...]
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September 24, 2011
Many power plant projects are years behind schedule, hurting Vietnam’s chances of fulfilling its goal of achieving a stable power supply, industry insiders said. Experts have said that up to 90 percent of thermal power projects, including coal-fired and gas-powered plants, under Vietnam’s 2006-2010 master plan, have not been completed yet. According to the [...]
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Posted in Business | Comments Off
