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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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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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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November 19, 2011
An undated file photo taken at the Toyota Vietnam plant. Toyota President Akio Toyoda said last week the company isn’t considering reducing investment in Thailand. Japanese companies, Thailand’s biggest foreign investors, may spend more to build factories in neighbors including Indonesia and Vietnam after the worst flooding in 70 years disrupted global production. “Executives recognize [...]
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November 19, 2011
A worker walking a bicycle loaded with construction steel on his way to a construction site in Hanoi The frozen property market and high interest rates have pushed steel producers into the red and some even face the risk of shutting down their business. Pham Chi Cuong, chairman of the Vietnam Steel Association, said [...]
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October 27, 2011
A worker checks pipes and valves at Amaal oil field in eastern Libya October 7, 2011. Abdula Altako was killed in March guarding the oil field he worked for, one of the first but by no means the last of Libya’s oil workers to die defending the country’s lifeblood. Abandoned by their foreign owners during [...]
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October 7, 2011
This picture, taken on October 5, shows a Vietnamese farmer showing a damaged sheaf of rice at his flooded rice field in Vinh Dien Commune, Giang Thanh District, Kien Giang Province of Vietnam's Mekong Delta. Massive floods have ravaged vast swathes of Asia’s rice bowl, threatening to further drive up food prices and adding to [...]
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September 27, 2011
High interest rates have affected many companies in the production chain Market observers and industry insiders say that the normal ramping up of production for the holiday season is unlikely to happen this year. Cao Tien Vi, chairman of Saigon Paper Corp., Vietnam’s largest private paper producer, said many companies have no choice but to [...]
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September 24, 2011
A poultry trader carries chickens on his way to a local market in Ho Chi Minh City. Foreign firms are dominating the local animal feed and livestock breeding market. Foreign businesses hold most of the animal feed and livestock breeding market share and are working together to increase prices, according to local industry advocates. “While [...]
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September 23, 2011
Vietnam, the second-largest coffee grower, may produce a record crop in the upcoming harvest as favorable weather and a larger cultivated area boost output in the 2011-2012 season, increasing global supplies. Production may total 1.32 million tons, according to the median estimate in a Bloomberg survey of 12 traders, growers and exporters. That compares [...]
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