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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December 19, 2011
Hoang Van Thiep (top left) and other members of a gang alleged of threaten other companies at gun point in order to get contracts to fill land and buy scrap materials at lower than market prices. The director of a construction consulting company in Ho Chi Minh City has been arrested for using guns to [...]
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October 30, 2011
Foreign visitors examine Vietnamese wood products at an exhibition in Ho Chi Minh City. The demand for garments and woodwork is expected to fall as the global recession continues. Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits. Exporters worry that the development is expected [...]
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October 11, 2011
Danish designer sees clothes as a way to express the beauty within the wearer Elisabeth Rolskov (R) preparing the dress she designed for Nguyen Ngoc Kieu Khanh, a runner-up at Miss World 2010 Elisabeth Rolskov’s look was so compelling that she was offered an onÂtheÂspot modeling deal by Diva Models after an agency representative [...]
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September 24, 2011
A poultry trader carries chickens on his way to a local market in Ho Chi Minh City. Foreign firms are dominating the local animal feed and livestock breeding market. Foreign businesses hold most of the animal feed and livestock breeding market share and are working together to increase prices, according to local industry advocates. “While [...]
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September 3, 2011
Inflation is cutting into sales volumes in Vietnam and has hurt consumer confidence, said Darin Williams, the managing director of Nielsen Co. (Vietnam) Ltd., speaking at a meeting in Ho Chi Minh City. Vietnam’s inflation rate reached 23.02 percent in August, the fastest in 33 months and the 12th straight increase in the figure. [...]
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August 28, 2011
Workers at An Nhien cuddly toy factory in HCMC stuff garment waste into the toys. Many teddy bears in Ho Chi Minh City are stuffed with garment waste, discharged mattress, and old spongy materials, which doctors blamed as a major cause of respiratory diseases in children. Â The products target workers and low-income earners, while [...]
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August 27, 2011
People work at a furniture factory outside Hanoi. Many exporters in Vietnam are struggling to survive the difficult times. The global recession and resultant lower purchasing power has caused difficulties for many Vietnamese exporters. It has not helped that their heavy reliance on imported materials, coupled with rising input costs, have made their products less [...]
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June 4, 2011
Shoes and materials are laid on the ground of a factory in the handicraft shoe village of Gie Ha, south of Hanoi. Vietnam’s trade deficit has just kept ballooning over the years and economists don’t see it stopping any time soon, given the country’s heavy reliance on imported materials and machinery. The deficit widened to [...]
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June 1, 2011
Women work at a plastic factory, which makes plastic parts for electronic production, in Que Vo District, outside Hanoi. Constrexim’s main products are interior furnishings like wardrobes, chairs and tables, but the company no longer finds it worthwhile to make them. It has shifted to making semi-finished products, mainly wooden planks, that are sold to [...]
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