January 3, 2012
A street vendor walks past a Chanel SA store inside the Rex Hotel in downtown Ho Chi Minh City, Vietnam, on Tuesday, Dec. 27, 2011. Vietnam’s growth held near 6 percent this quarter, reducing the pressure for further monetary tightening after higher interest rates limited the boost to the economy from exports and domestic consumption. [...]
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Posted in Business | Comments Off
December 22, 2011
A Petrolimex gas station in Hanoi The Finance Ministry has found that major Vietnamese importers of oil products made smaller losses than they previously reported. Petrolimex, the largest fuel trader with a market share of around 60 percent, had reported losses of VND1.8 trillion (US$85.7 million) in the first six months. However, the actual loss [...]
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Posted in Business | Comments Off
December 19, 2011
VPF chairman Vo Quoc Thang (L) talks to his deputy Nguyen Duc Kien at the first general meeting of the company in Hanoi on Wednesday. The first meeting of Vietnam Professional Football JS Company (VPF) was held in Hanoi on Wednesday to choose its managing staff. Vo Quoc Thang, owner of the top-tier club Dong [...]
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Posted in Sports | Comments Off
November 5, 2011
Ocean Group Joint-Stock Co., a Vietnamese real-estate and financial company, reduced its 2011 pretax profit target by 54 percent as a slump in the property market hurt its business. The Hanoi-based company lowered pretax profit target this year to VND380 billion (US$18 million) from its earlier forecast of VND825 billion, Chairman Ha Van Tham [...]
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October 20, 2011
A corporate logo is displayed at the Nokia flagship store in Helsinki in this picture taken September 29, 2010. The world’s largest cellphone maker Nokia reported a smaller than expected fall in third quarter profits as price cuts and new models lifted sales of its basic cellphones in key markets like India. Shares in Nokia [...]
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Posted in International | Comments Off
July 31, 2011
American instructor found his calling after learning and failing as a producer and director Hollywood film instructor Dov Simens (in black suit), who admits that he is a mean, rude, and direct teacher, gave a lecture on filmmaking in HCMC from July 26-28 Hands on his hips, the grey-haired foreigner in a black suit [...]
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Posted in Lifestyle | Comments Off
July 26, 2011
Eximbank of Vietnam said on Tuesday its net profit in the first half rose 78.9 percent from a year earlier to VND1.27 trillion (US$61.8 million). Ho Chi Minh City-based Eximbank said in a financial statement that total assets as of the end of June rose nearly 9 percent from the end of 2010 to [...]
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July 17, 2011
Expectations that lower global prices would benefit consumers have been belied A worker pumps petrol to a motorcycle at a gas station in Hanoi. Vietnam raised retail fuel prices in late March and has left them unchanged since. When the government decided in March that local petroleum prices will be adjusted in line with [...]
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Posted in Business | Comments Off
May 22, 2011
A construction expert talks about Vietnam’s need to create more low-income housing Apartment buildings in Ho Chi Minh City. Land prices must fall to make apartments available to low-income earners, a construction expert said. High land prices have driven up the cost of housing. In order to make apartments available to low-income earners, land [...]
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Posted in Reports | Comments Off
April 27, 2011
Sacombank, Vietnam’s fifth-largest partly private lender by assets, reported first quarter net profit rose nearly 12 percent to VND452.98 billion (US$22 million). Total assets as of March 31 slipped 1.2 percent from the end of 2010 to VND140.10 trillion, the Ho Chi Minh City-based bank said in a statement on its business results excluding [...]
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Posted in Business | Comments Off
