Posts Tagged ‘ In The First Half ’

Vietnam cargo rates to rise as smaller shipping lines fail: Gemadept 

September 20, 2011
Vietnam cargo rates to rise as smaller shipping lines fail: Gemadept 

  Gemadept Corp. (GMD), Vietnam’s biggest listed freight company, expects local cargo rates to rise from mid-2012 as the failure of smaller rivals eases competition. “Many shipping companies are trying to stay alive, so they have reduced fees to very low levels,” General Director Do Van Minh said in a Sept. 14 interview in Ho [...]

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Vietnam inspects loss-making shipping firm 

September 20, 2011
Vietnam inspects loss-making shipping firm 

A ship belonging to Vinalines. G overnment inspectors Thursday began investigating fund and property management at leading shipping firm Vinalines, which announced big losses recently.   The 75-day inspection will cover Vinalines’ long term investments initiated between the beginning of 2007 and the end of 2010.   Vinalines will be required to provide clear and adequate answers [...]

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China unlikely to cool investment as its growth engine 

August 16, 2011
China unlikely to cool investment as its growth engine 

One-hundred Yuan notes are seen in this picture illustration in Beijing March 22, 2011. China’s long-term plan to cut reliance on investment as a growth engine is clashing with its short-term need for protection against a worsening global outlook. Beijing has made it clear that consumption, not investment, must eventually do more of the work [...]

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Eximbank says H1 net profit up 79 pct y/y 

July 26, 2011
Eximbank says H1 net profit up 79 pct y/y 

  Eximbank of Vietnam said on Tuesday its net profit in the first half rose 78.9 percent from a year earlier to VND1.27 trillion (US$61.8 million). Ho Chi Minh City-based Eximbank said in a financial statement that total assets as of the end of June rose nearly 9 percent from the end of 2010 to [...]

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H1 growth positive despite tough times: government report 

July 22, 2011
H1 growth positive despite tough times: government report 

Deputy Prime Minister Nguyen Sinh Hung speaks at a National Assembly meeting Thursday Vietnam has faced more challenging economic problems than expected, but it managed to achieve positive results in the first half of the year. A government report submitted Thursday to the National Assembly by Deputy Prime Minister Nguyen Sinh Hung said even though a first-half [...]

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Vietnam’s Top 500 optimistic for 2010

January 14, 2010
Vietnam’s Top 500 optimistic for 2010

VietNamNet Bridge – Optimism was in the air at a ceremony to name Vietnam’s Top 500 business. Professor Joseph Nye hands out certificates to businessesVNR500, organized by Vietnam Report Company and VietNamNet newspaper and took place on January 13, 2010. The special guest was Professor Joseph Nye, one of the US’s top minds, he handed out [...]

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Locals brands emerge as favorites

October 30, 2009
Locals brands emerge as favorites

The market research firm TNS Vietnam disclosed the surprising results of its annual survey in HCMC on October 28, that up to eight of the 10 fastest growing brands. The local brands are the soya milk Vfresh, the fish sauce Nam Ngu, the fruit juice Vfresh, the ice cream Trang Tien, the margarine Tuong An, [...]

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Buffeting winds retreat from the forex market

September 2, 2009
Buffeting winds retreat from the forex market

LookAtVietnam – Larger volumes of liquidity provided by authorities and positive reactions from market participants have stabilised the forex market.  Market participants are now all rowing in the same direction  LookAtVietnam – Larger volumes of liquidity provided by authorities and positive reactions from market participants have stabilised the forex market.  According to an Eximbank source, [...]

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Half-year net profit of BOC (HK) down 5.6%

August 28, 2009
Half-year net profit of BOC (HK) down 5.6%

Bank of China (Hong Kong) said Thursday its half-year profit fell by 5.6 percent from a year earlier, dragged lower by falling interest income amid the deepening economic downturn. The bank’s net profit for the six months ending June 30 amounted to 6.69 billion Hong Kong dollars, down from 7.09 billion Hong Kong dollars in [...]

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Premier Oil to explore in Vietnam, Norway; eyes acquisitions

August 27, 2009
Premier Oil to explore in Vietnam, Norway; eyes acquisitions

Premier Oil Plc, the UK explorer operating in Europe, Asia and Africa, plans a drilling program in Vietnam and Norway in the second half of this year and is also considering possible acquisitions. The London-based company posted a 62 percent decline in first-half profit on lower crude prices. Net income dropped to US$26.9 million, or [...]

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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...