January 9, 2012
Vietnam shipped 7.11 million tons of rice in 2011 Vietnam, the world’s second largest rice exporter, is set to face tough competition from other exporters who offer low-quality varieties at very cheap prices, an industry official said. Rice prices are likely to fall as major exporters have stockpiled a large amount of the grain, Pham Van [...]
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January 9, 2012
Ho Chi Minh City police have arrested one Vietnamese and three Malaysian men for allegedly using fake ATM cards to withdraw money from local banks. They are believed to be members of a transnational crime ring. The first arrest, of Co Kim Thach, a 39-year-old resident of District 5, was made on December 30, [...]
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January 8, 2012
Vietnam targets generating US$10 billion to $11 billion in tourism revenue and attracting 7 million to 7.5 million overseas visitors in 2015, according to a statement posted on the government’s website Monday. The country aims to attract 10 million to 10.5 million international visitors in 2020, and generate $18 billion to $19 billion in [...]
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January 8, 2012
A Transport Ministry’s proposal to impose personal vehicle fees draws mostly negative reaction Traffic congestion on Ho Chi Minh City’s Xo Viet Nghe Tinh Street. A Transport Ministry’s proposal to impose personal vehicle fees has drawn skepticism about its feasibility to reduce traffic congestion in major cities. Experts have expressed doubts over the feasibility [...]
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January 2, 2012
Despite the tough economic climate, many foreign companies are continuing to expand operations in Vietnam in hope that their strategy will pay off when the recovery happens. BlueScope Buildings Vietnam, formerly known as BlueScope Lysaght Vietnam, inaugurated a US$4 million steel plant in Hanoi two weeks ago. The plant, located in the Quang Minh [...]
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December 31, 2011
(R) Nguyen Van Trung, 32, and his girlfriend, 28-year-old Le Thi Hong Linh receive jail terms at a trial in Ho Chi Minh City for robbing a Japanese tourist. A couple was sentenced to a total of four years in jail on Wednesday for robbing a Japanese tourist in Ho Chi Minh City, as travel [...]
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December 30, 2011
Garment workers are among those receiving low Tet, New Year bonuses this year Vietnam’s highest Tet and calendar New Year bonus for an individual this year as of December 27 was paid by a foreign-invested firm in Ho Chi Minh City at more than US$52,300. The company, which is not named, paid the country’s largest [...]
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December 30, 2011
Cao Hong Son, a disabled athelete, has been fined US$950 for making a bomb threat at the Ho Chi Minh City-based Tan Son Nhat Airport. AÂ man was fined Thursday VND20 million (US$950) for making a bomb threat when he was taking a flight to a sporting event for athletes with physical disabilities in Indonesia. Cao [...]
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December 22, 2011
Pho Vi Nhat, a former employee of China Airlines in Ho Chi Minh City, was arrested along with two current staff for allegedly stealing US$5.9 million from the airline Two employees of China Airlines’s representative office in Ho Chi Minh City and their former colleague have been arrested for allegedly stealing nearly US$6 million from [...]
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December 20, 2011
Travel agencies already struggling in difficult economic conditions will be hit hard by the latest hike in domestic airfares, industry insiders say. The agencies face both losses on tours already booked and cancellations of bookings because of higher tour prices. In fact, the airfare hike makes foreign tours more attractive to local customers, they [...]
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