January 9, 2012
Vietnam shipped 7.11 million tons of rice in 2011 Vietnam, the world’s second largest rice exporter, is set to face tough competition from other exporters who offer low-quality varieties at very cheap prices, an industry official said. Rice prices are likely to fall as major exporters have stockpiled a large amount of the grain, Pham Van [...]
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November 26, 2011
Vietnam’s inflation slowed for a third month in November, and the central bank signaled it may consider lowering interest rates. Consumer prices rose 19.83 percent from a year earlier, after climbing 21.59 percent in October, the General Statistics Office said in Hanoi Friday. The State Bank of Vietnam has room to cut policy rates [...]
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November 25, 2011
A protester holds an image of former president Gloria Arroyo during a protest in front of the Supreme Court in Manila on November 22, 2011. The arrest of former Philippine leader Gloria Macapagal Arroyo for vote rigging has put President Benigno Aquino’s campaign to tackle corruption where he wants it, in the headlines as he [...]
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November 23, 2011
Credit grew only 8.61 percent in the first 10 months Vietnam’s central bank expects bank loans to increase 15 percent this year, lower than the original target. State bank of Vietnam Governor Nguyen Van Binh said the growth will be kept at 17 percent or below next year. The monetary authority will focus on providing loans [...]
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November 14, 2011
Up to 1,000 women die every day as a result of pregnancy-related complications globally, and 5,500 newborns die in the first week of life because of a lack of adequate medical care A midwife examines a pregnant woman in the south-central province of Ninh Thuan. The United Nations has called on Vietnam to invest [...]
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November 6, 2011
The 28-ranked GM Le Quang Liem (L) will receive US$150,000 from the Vietnam Chess Federation in four years, Photo by VnExpress. The Vietnam Chess Federation (VCF) on Thursday inked four-year sponsorship contracts worth US$200,000 with the country’s two best chess players, Le Quang Liem and Nguyen Ngoc Truong Son. The 20-year-old Liem, ranked 28th in [...]
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November 5, 2011
Ocean Group Joint-Stock Co., a Vietnamese real-estate and financial company, reduced its 2011 pretax profit target by 54 percent as a slump in the property market hurt its business. The Hanoi-based company lowered pretax profit target this year to VND380 billion (US$18 million) from its earlier forecast of VND825 billion, Chairman Ha Van Tham [...]
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November 1, 2011
Ho Chi Minh City Football Federation (HFF) chairman Le Hung Dung submitted his resignation at the federation’s annual meeting held Wednesday. Three other people in the federation’s steering committee also asked to resign – General Secretary Duong Vu Lam, Vice Chairman Tran Le Nguyen and member Pham Huynh Tam Lang. Dung, who is also [...]
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October 8, 2011
A long-term cost/benefit analysis of tax policy against state revenues and spending could benefit the country as corporate taxes account for a major portion of revenues A man leaves away after closing his factory, which makes blankets, pillows and mattresses, in Ngoc Nu village outside Hanoi June 23, 2011. As Vietnam fights to beat [...]
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September 27, 2011
 Vietnam Airlines is considering entering Asia’s booming low-cost aviation sector with a new offshoot, while aiming to build its home base into a major entry point for Indochina, its chief says. The state-owned airline is confronted with “growing pressure” from Asia’s budget operators, president and CEO Pham Ngoc Minh told AFP in an [...]
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