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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November 19, 2011
A worker walking a bicycle loaded with construction steel on his way to a construction site in Hanoi The frozen property market and high interest rates have pushed steel producers into the red and some even face the risk of shutting down their business. Pham Chi Cuong, chairman of the Vietnam Steel Association, said [...]
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November 7, 2011
Vietnam authorities are considering raising car registration fees in Hanoi and Ho Chi Minh City to 20 percent in an attempt to reduce car imports and ease traffic. Â The Ministry of Industry and Trade has sent the proposal to concerned agencies, news website VnExpress said Thursday. Â Hanoi currently has car registration fee [...]
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September 22, 2011
Vietnam is advising power-consuming manufacturers in the south to stagger production while the Nam Con Son gas pipelines that feed power plants undergo maintenance, an official at state utility Vietnam Electricity (EVN) said. Gas supply to two power plants with a combined capacity of about a quarter of the country’s total was to halt [...]
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August 2, 2011
A man prepares to deliver a generator to a customer in front of an electrical appliances shop in downtown Hanoi on Monday. In energy-hungry Vietnam’s big cities, businesses and families often use generators to deal with power shortages in the hot summer months. State utility Electricity of Vietnam will continue to control a majority [...]
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June 6, 2011
Vietnam has tightened controls over mobile phones imports. Vietnam’s Ministry of Industry and Trade said it is reviewing a new rule that tightens controls over alcohol, cosmetics and mobile phones imports, following concerns raised by foreign business groups. The rule, effective June 1, stipulates that the product groups can only be imported via one of [...]
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June 3, 2011
New consumer protection law will lack teeth without several amendments, say experts A woman walks past an advertisement at a shopping center in downtown Hanoi. Vietnam’s first-ever Consumer Protection Law will take effect this July. The Consumer Protection Law that will take effect this July is a good first step, but one that needs [...]
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May 23, 2011
There will be no power cuts in June around the country, the Ministry of Industry and Trade said The Ministry of Industry and Trade, for the third month in a row, ordered national utility Electricity of Vietnam not to rotate blackouts in June as conditions for power production are favorable at present. According to the [...]
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May 15, 2011
A new rule effective in June will tighten control over cell phone, wine and beauty product imports The Ministry of Industry and Trade has announced a new rule requiring all cell phone, wine and beauty product imports to go through one of three major seaports in Hai Phong, Da Nang and Ho Chi Minh City. [...]
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April 25, 2011
New power pricing rule only a first step in market liberalization, analysts feel An electrician installs meters on an electrical pole in downtown Hanoi. Vietnam raised electricity rates by about 15 percent in March. A new rule that allows electricity prices to be changed several times a year can spur investment and help ease [...]
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