January 25, 2012
State-owned shipbuilder Vinashin almost collapsed under debts amounting to US$4.5 billion. Vietnam’s Prime Minister Nguyen Tan Dung told state-owned companies to submit restructuring plans, stepping up a drive to bolster the economy by raising efficiency and competitiveness. Detailed proposals involving steps such as selling stakes to private investors and disposing of non-core businesses must be [...]
Tags: companies, Government, inflation, owned, Owned Companies, plans, restructuring, Restructuring Plans, state, State Owned Companies, State-owned, Submit Restructuring, Submit Restructuring Plans, The economy, The government, The Nation, To Submit Restructuring, To Submit Restructuring Plans, Vietnam
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January 6, 2012
Vietnam’s new budget carrier, VietJet Air, plans to launch new routes and deploy more aircraft this year, and hopes to carry 700,000 passengers. The private airline, which began operations December 25 with a flight from Ho Chi Minh to Hanoi, now operates two flights a day, and plans to increase this soon, Luu Duc [...]
Tags: carrier, passengers, plans, This year, This Year And, Vietjet, Vietjet Air, Vietnam
Posted in Travel | Comments Off
December 5, 2011
Five private airlines have been licensed in Vietnam since 2007, but each of them is struggling to take off, with one having already crash-landed. Air Mekong operates flights while VietJet Air is expected to commence services late this December after many delays. But the others are finding it hard to launch or, in the [...]
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November 25, 2011
Russia agreed to lend Vietnam as much as $9 billion to fund the construction of the Southeast Asian nation’s first nuclear power plant as the countries deepen their economic ties. “The total loan value will be between $8 billion and $9 billion, depending on prices of materials at the time we start construction,” Phan [...]
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October 19, 2011
Australia & New Zealand Banking Group Ltd., which aims to get 30 percent of its revenue from the Asia-Pacific area by 2017, plans to increase its number of wealthy clients in Vietnam to 10,000 from 1,000 in three years. The Melbourne-based Bank plans in the next two to three months to double the number [...]
Tags: 10 000, clients, plans, The bank, Wealthy, Wealthy Clients
Posted in Business | Comments Off
September 20, 2011
Land-locked neighbor reveals plans to start construction of controversial dam months before regional meeting decides on the issue A handout photo released by the US-based environmental group International Rivers shows construction on the Xayaburi dam’s access road and work-camps has gone ahead despite commitments by the government of Laos in April to temporarily suspend [...]
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Posted in Reports | Comments Off
September 20, 2011
Labor export plans for the year have been thwarted by the narrowing of some major markets after escalated violence in Libya and by the increasing number of laborers decamping in South Korea. Vietnam may lose South Korea, one of its biggest labor export markets, due to the high number of laborers decamping in the [...]
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September 10, 2011
A file photo taken just downstream of the proposed site for the Xayaburi dam. Thailand doesn’t actually need the power the massive hydroelectric dam will create, experts have said. Laos plans to start construction this year on the $3.8 billion Thai-financed Xayaburi hydropower plant on the Mekong River after changing the design to placate [...]
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September 1, 2011
Residents look at a map of the planned nuclear power plant in Ninh Thuan Province’s Thuan Nam District. After scientists detected new faults near the site, experts have urged that the plans be deferred. Two fault lines hitherto uncovered have provoked myriad calls for Vietnam’s nuclear power plans to be deferred on safety considerations. Serious [...]
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Posted in Sci-Tech | Comments Off
August 9, 2011
The model of Vietnam's first nuclear power plant to be built in the central province of Ninh Thuan. Studies so far have showed that primary energy sources aren’t sufficient to replace nuclear power in meeting Vietnam’s electricity needs, the country’s deputy prime minister told the press on Friday. Â With Vietnam’s current plans to develop [...]
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Posted in Politics | Comments Off
