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 5, 2011
Five times since 2003 the Securities and Exchange Commission has accused Citigroup Inc.’s main broker-dealer subsidiary of securities fraud. On each occasion the company’s SEC settlements have followed a familiar pattern. Citigroup neither admitted nor denied the SEC’s claims. And the company consented to the entry of either a court injunction or an SEC [...]
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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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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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April 7, 2011
A worker at a garment factory in Ho Chi Minh City’s District 8. Many garment firms have raised salaries in order to retain workers. An increase in orders and higher export prices have helped garment makers offer better salaries and working conditions, but the sector’s labor shortage shows no sign of easing. Many garment firms [...]
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February 5, 2010
LookAtVietnam – Buying Tet gifts online has become an increasingly popular choice in Vietnam – especially with office workers. Wanting to purchase small gifts for friends on the occasion of the Lunar New Year, Quynh, an officer of a media company, turned to a sales website. Quynh quickly saw a lot of attractive offers for [...]
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January 21, 2010
LookAtVietnam – More and more Vietnamese people are making online purchases from the US because they believe it allows them to get the best quality products at original prices. However, they have been told to be cautious when making online purchases. Vietnamese consumers began rushing to purchase goods from the US six months ago. The economic [...]
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January 11, 2010
LookAtVietnam – In the face of world economic slump, Vietnam’s export turnover in 2009 fell by 11 percent against 2008, posing a great challenge for the export-oriented country.Light at the end of the tunnelThe global economic and financial crisis has seriously affected the footwear sector as 90 percent of its products are made for export.Nguyen [...]
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December 26, 2009
For the first time in many years the garment sector has achieved one-digit export growth in 2009. Beyond expectations The export value of footwear is expected to tumble by 15 percent, wood products by 12 percent and seafood by 8 percent. Despite a fall in major markets such as the European Union and the US, [...]
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December 16, 2009
LookAtVietnam – Export companies are gearing up their production shifts to fulfil export orders for 2009. However, keeping busy makes them happy. Rice export record made in 2009Vietnam expects to export six million tonnes of rice this year, the highest ever. Workers at the Minh Phu Seafood Company are very busy these days making their [...]
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