Posts Tagged ‘ Local Businesses ’

Ha Long Bay boats do not have to be painted wholly white: authorities 

January 17, 2012
Ha Long Bay boats do not have to be painted wholly white: authorities 

  More than 500 tourist boats in Ha Long Bay will be decorated with white details instead of being repainted white totally to “renovate” the site’s tourism sector, the VnExpress newswire quoted a local official as saying Saturday. Vu Thi Thu Thuy, vice chairwoman of the People’s Committee in the northern province of Quang Ninh [...]

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Stop chasing GDP targets, economists say 

November 15, 2011
Stop chasing GDP targets, economists say 

    Several economists are saying the government should not commit itself to any gross domestic product target, adding economic growth cannot be a forced process. Vietnam should just follow other countries and release regular economic forecasts instead, they suggest. Vu Quang Viet, who has worked with the United Nations Statistical Division, said GDP growth [...]

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Gov’t should help businesses survive with tax incentives 

October 8, 2011
Gov’t should help businesses survive with tax incentives 

  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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Diplomats to play consultants’ role for local firms

January 24, 2010

Vietnamese diplomats will play a consultative role for local businesses looking to boost trade and investment ties with foreign partners and avoid cross-border conflicts, newly appointed envoys said last week. Diplomats are in a more favorable position to collect information about businesses in the countries they are posted in, and can inform Vietnamese businesses accordingly, [...]

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No worries about rising cost of labor in Vietnam

January 17, 2010
No worries about rising cost of labor in Vietnam

Workers in a jacket production line at a Huu Nghi Apparel Company factory in HCMC Textile and garment expert says higher labor prices are a phenomenon limited to urban areas of Vietnam. Diep Thanh Kiet, deputy chairman of the Ho Chi Minh City Association of Garments, Textiles, Embroidery and Knitting talks to Thanh Nien Weekly [...]

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Prosperity and challenges on the horizon in 2010

January 3, 2010
Prosperity and challenges on the horizon in 2010

Two workers at a bridge construction site in Ho Chi Minh City. Bouncing off an emerging global recovery, Vietnam expects positive economic changes in 2010, specifically export and foreign direct investment (FDI) growth. Policy makers, however, are still weary of the many challenges the developing country faces, not the least of which is the threat [...]

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Vietnam to boost investment in Cambodia

December 27, 2009
Vietnam to boost investment in Cambodia

Vietnam and Cambodia will facilitate businesses to boost their investment in Cambodia and explore its potentials for home and export markets, said heads of two governments. Vietnamese Prime Minister Nguyen Tan Dung and his Cambodian counterpart Samdach Hun Sen co-hosted Vietnam’s Investment into Cambodia conference Saturday (Dec 26) in Ho Chi Minh City.Dung said Cambodia [...]

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Vietnam launches appeal for local goods

September 13, 2009
Vietnam launches appeal for local goods

Shoppers ponder clothes at an outlet of Viet Tien Company, one of Vietnam’s leading garment companies, in Ho Chi Minh City. Country calls on celebrities and everyday people to support Vietnamese products. Surrounded by workers outside a factory, Vietnamese movie star Quyen Linh began playing his newest role last weekend: an ambassador for locally-made products.Dressed [...]

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Extend stimulus to secure economic recovery, experts advise

August 28, 2009
Extend stimulus to secure economic recovery, experts advise

A worker packages cooking oil bottles at a factory in Ho Chi Minh City Further fiscal stimulus is needed as the US$8 billion package this year has worked its way through the economy, showing good results, experts say. If the economy is not completely out of the woods by the end of the current stimulus [...]

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BUSINESS IN BRIEF 23/8

August 23, 2009
BUSINESS IN BRIEF 23/8

Ministry warns of fraud in Hong Kong; Shoe exports to drop to $4.6 billion this year; Vietnam’s Cavico plans to list shares on Nasdaq in September; UAE firm interested in HCMC elevated highway   Petrolimex seeks to end jet fuel monopoly in Vietnam      Vietnam’s top oil product importer, Petrolimex, has applied to become the second [...]

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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...