Tag: may

Bus plan may save Gov’t millions

VietNamNet Bridge – HCM City annually spends hundreds of billions of dong subsidising local buses, but many operators have a plan to save all this money. Allowing bus businesses to use the sides of buses for advertisements would also help lower the subsidy budget, but this has been banned in HCM City since 2002.They would prefer not to claim it and, instead,... Read more

300,000 workers may become unemployed in 2009

VietNamNet Bridge – Owing to the fall of GDP next year, around 0.65% of the workforce, or 300,000, may become unemployed next year, said a senior official from the Ministry of Labour, War Invalids and Social Affairs. Unemployed labourers will not be able to enjoy unemployment insurance until 2010.VietNamNet Bridge – Owing to the fall of GDP next year,... Read more

With no management, gold trading floors may turn into casinos

VietNamNet Bridge – The story about the troubles on ACB gold trading floor has raised a lot of worries about the bad management of gold trading floors. Nguyen Thanh Toai, Deputy General Director of ACB, called the mistake of entering the wrong gold sale price on December 10 (VND17,000/tael instead of VND17mil) a ‘regrettable incident’. Toai... Read more

Retail market: foreign investors may dodge laws

VietNamNet Bridge – Vietnam will have to open its retail market as of January 1, 2009. Meanwhile, state management agencies still have not released necessary guiding documents yet. According to Tran Quoc Khanh, Director of the Multilateral Trade Policies Department under the Ministry of Industry and Trade, the ENT principle (Economic Needs Tests) will be... Read more

Philippines may buy less than 500,000 tons of rice from Vietnam

The Philippines, the world’s largest rice buyer, may purchase less than 500,000 tons from Vietnam in January, Agriculture Secretary Arthur Yap said. It is negotiating the price, Yap told reporters late Thursday. The nation is also in government-to-government talks with other exporters including Thailand, Yap... Read more

Government may set up credit fund for smaller companies

The government plans to set up a fund that will provide loans to small-and medium-sized companies (SMEs) to reduce their dependence on expensive bank credit, according to a statement on its website Thursday. Money for the fund, which will provide financing to companies that invest in projects encouraged by the government,... Read more

ASEAN may boost foreign reserve pool to $120 billion

Southeast Asian nations and three partners may pool more foreign-exchange reserves than previously estimated to prevent a repeat of the financial crisis that depleted the region’s holdings ten years ago. The 10-member Association of Southeast Asian Nations (ASEAN) together with Japan, China and South Korea are discussing creating a pool of reserves... Read more

Zinadine Zidane may visit Vietnam

VietNamNet Bridge – The HCM City-based Scavi Rocheteau football training centre has invited the former famous French midfielder, Zinadine Zidane, to come to HCM City.  A Scavi Rocheteau centre official named Henry said: “That is our plan to invite Zidane to Vietnam. But I don’t want to let you down if that plan fails. So I will not disclose... Read more

Vietnam may host Asian advertising congress

VietNamNet Bridge – “I hope that Vietnam will host the Asian advertising congress in 2013,” said Peter Das, Chairman of the Union of Asian Advertising Associations in HCM City this Sunday. The audience were watching outstanding advertising products.VietNamNet Bridge – “I hope that Vietnam will host the Asian advertising congress... Read more

Economic stimulus package may reach $6 billion

VietNamNet Bridge – The government recently announced a demand stimulus package worth USD $1 billion, but it is said that the government is considering an even bigger package (up to VND 100 billion or nearly $6 billion), which may be announced at the monthly cabinet meeting in late-December. “In this current period, the government will exert its efforts... Read more

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