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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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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October 11, 2011
Construction of the $7.5 billion 200,800-barrel-per-day Nghi Son oil refinery, Vietnam’s second, will start in the last quarter of this year after a half-year delay, state oil and gas group Petrovietnam said on Tuesday. Vietnam’s natural gas output this year is expected to fall 5.7 percent from 2010 to 8.86 billion cubic meters, the [...]
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August 30, 2011
Goldman Sachs Group Inc., Morgan Stanley and Deutsche Bank AG are among 13 financial institutions that submitted bids to advise Vietnam Joint Stock Commercial Bank for Industry & Trade on its planned $500 million overseas bond sale, according to Deputy General Director Le Duc Tho. Others that sent in bids include HSBC Holdings Plc, [...]
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August 14, 2011
Government’s inflation fight will decide short-term future, analysts say Motorcyclists ride past a construction site in the suburbs of Ho Chi Minh City on August 8. For the first time in two years, land prices have gone down in Hanoi. Perhaps for the first time ever, developers are offering apartments in lieu of cash [...]
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July 26, 2011
UK newspaper group Daily Mail & General Trust has not published any stories based on hacked messages, its chief executive said, as rival News Corp battles a phone-hacking crisis at its now defunct News of the World tabloid. Martin Morgan said DMGT was considering launching its own mass-market Sunday tabloid to fill the gap [...]
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July 10, 2011
More than 26,000 people will be moved out of the famous Old Quarter in Hanoi by 2020 to preserve the area’s heritage values, according a project announced Wednesday.  The project, presented by authorities in Hoan Kiem District to the municipal authorities, estimates that the evacuation will cost over VND4.2 trillion (US$204 million).  The [...]
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July 8, 2011
Visitors inspect a real estate development project during an exhibition on construction and property in Hanoi. The residential property market in Ho Chi Minh City has been hit hard by the government’s tight monetary policy and buyer confidence is not likely to improve anytime soon, real estate companies say. Consulting firm CB Richard Ellis said [...]
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July 4, 2011
There’s not much in the way of good news on the economic front. Clothes on sale at a ÂÂÂshop in Hanoi last week. Vietnam is fighting to beat back raging inflation. Despite repeated revisions of growth and inflation targets, the former downwards and the latter upwards, they are not likely to be met, experts [...]
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July 2, 2011
Vietnam’s economic growth accelerated in the second quarter as domestic demand grew. Gross domestic product climbed 5.67 percent from a year earlier, according to a preliminary estimate released by the General Statistics Office in Hanoi Wednesday. That compares with a previously reported 5.43 percent for the first three months. The economy grew 5.57 percent [...]
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