December 21, 2011
The financial crisis in Europe and resultant weaker consumption is posing a great danger to Vietnamese exporters, many of whom have been heavily dependent on the market. Truong Thi Le Khanh, general director of Vinh Hoan Corp., a seafood processor and trader, said shipments to the EU are now on a decline. As the [...]
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Posted in Business | Comments Off
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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Posted in Travel | Comments Off
December 19, 2011
Residential apartment buildings in Ho Chi Minh City's District 2 The housing markets in both Hanoi and Ho Chi Minh City will continue to see price falls in 2012 as cities across Asia-Pacific are expected to have weaker sales volumes, according to global property consultant Knight Frank. Residential prices in the two Vietnamese cities will [...]
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Posted in Business | Comments Off
December 19, 2011
File photo dated last year shows a man putting gold into a molding machine at the Sacombank gold bar factory in Ho Chi Minh City . All gold bar producers, except SJC, are expected to completely stop bullion production. Huge losses and unemployment for hundreds of workers loom as gold bullion producers prepare to [...]
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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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December 16, 2011
Vietnam authorities have asked four dairy firms to explain their price increases after some products were raised up to 18 percent. The companies will be subject to legal responsibility if their increases are found irrelevant to input costs, the Finance Ministry said in a statement December 9. Early this month, Mead Johnson, Nestle Vietnam, Tien Tien [...]
Tags: costs, Dairy, Dairy Firms, firms, increases, Mead Johnson, Of The Increases, percent, price, Price Increases, prices, products, retailers, The Firms, The Increases, Vietnam
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December 12, 2011
Rice exports from Vietnam, the second-largest shipper, reached a record level, boosting supply at a time when floods and government policies may reduce flows from Thailand, the largest exporter. Shipments totaled 6.84 million metric tons in the year through Dec. 8, the Vietnam Food Association said today. That’s more than the 6.75 million tons [...]
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December 12, 2011
Many cement firms are deeply in the red after demand has plummeted due to the housing market slump while supply has soared because of the indiscriminate construction of several plants. Le Van Toi, head of the Ministry of Construction’s Construction Material Department, said: “Sales of many kinds of construction materials, including cement, have fallen [...]
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December 12, 2011
The long slump has caused a shakeout in the Vietnamese property market. Developers with deep pockets have been coping, others have not been so lucky. It is an inevitable rule in any market, Guy Major, national director of residential sales at Savills Vietnam, tells Thanh Nien Weekly in an exclusive interview, and forecasts a [...]
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December 12, 2011
A panoramic view of Quang Ninh Province’s Ha Long Bay. Experts have called for improved services and preservation work as the UNESCO World Heritage Site gains further recognition as a natural wonder. A hike in admission fees for the Ha Long Bay, Vietnam’s foremost tourism site, has drawn a lot of flak, particularly over [...]
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