September 20, 2011
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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September 20, 2011
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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August 16, 2011
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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July 26, 2011
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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July 22, 2011
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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January 14, 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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October 30, 2009
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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September 2, 2009
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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August 28, 2009
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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August 27, 2009
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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