July 3, 2011
Prime Minister Nguyen Tan Dung (left) talks with the press July 1 after a regular cabinet meeting. The government will strive to keep this year’s inflation at 15-17 percent, Prime Minister Nguyen Tan Dung told the press after a monthly cabinet meeting on Friday. Curbing inflation, achieving macroeconomic stability and ensuring social welfare will continue [...]
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December 23, 2009
LookAtVietnam – The costs dairy producers and distributors pay for advertising and marketing are too high. The Ministry of Finance (MOF) in late November completed an inspection on dairy products’ prices and came to the conclusion that the overly high advertising expenses have pushed the prices up. It believes that it is time for producers [...]
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October 13, 2009
LookAtVietnam – Australian airline Qantas has announced it plans to raise its stake in Vietnam’s budget airline, Jetstar Pacific, to 30 percent by 2010. Qantas now holds a 27 percent Jetstar Pacific share, while the State Capital Investment Corporation (SCIC) has 51 percent. A further 22 percent is held by other domestic investors. According to Bruce [...]
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October 5, 2009
LookAtVietnam – The Ministry of Labour, Invalids and Social Affairs (MoLISA) has asked its inspectors to strengthen labour safety by strictly monitoring enterprises’ compliance Inspectors should strictly fine and punish violators, especially companies that do not file complete reports in time on workplace accidents.They should require companies to provide information regularly on labour accidents, maintenance [...]
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September 28, 2009
Workers leave Song Than Industrial Park in the southern province of Binh Duong. In the lingering impact of the economic downturn, thousands of female factory workers must accept abysmal pay and conditions or join the ranks of the unemployed. Nguyen Ngoc Linh is too busy working twelve hours a day to think about finding a [...]
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August 28, 2009
LookAtVietnam – Vietnamese businesses have focused on making products to sell abroad at low prices, while they have not paid much attention to selling products in the domestic market. Van, who works for a telecom company in Hanoi, said that she purchases ‘made in Vietnam’ clothes and leather shoes made by Vietnamese companies under outsourcing [...]
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August 26, 2009
LookAtVietnam – Commercial banks have become more cautious in their lending since SBV adjusted the targeted credit growth rate from 30 percent to 25-27 percent. Commercial loaning going more slowly⦠In the first six months of 2009, outstanding loans of banks increased more rapidly than their mobilised capital. Mobilised capital increased by 16.2 percent over the [...]
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August 24, 2009
China Petroleum and Chemical Corporation (Sinopec) said Sunday its net profit in the first half of 2009 rose 332.8 percent year on year because of adjusted refined oil prices in domestic market. Under international accountant rules, Sinopec’s net profit totaled 33.25 billion yuan (4.87 billion U.S. dollars) in the first half with earnings per share [...]
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August 21, 2009
A man looks at mobile phones displayed at Nguyen Kim Shopping Center in Ho Chi Minh Cityâs District 1 The local cell phone market rang up good sales amidst the economic downturn thanks to the rising popularity of mass-marketed brands, industry insiders say. Dinh Anh Huan, sales manager at Vietnamâs leading mobile phone retailer The [...]
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August 13, 2009
Fishermen prepare nets onboard a fishing boat docked at a port in northern Hai Phong City. Fisherman Phung Van Chau says heâs scared of heading out to sea for fear of being detained by foreign fishing patrol ships and losing his entire catch. The boat captain from Ly Son District in Quang Ngai Province says [...]
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