Posts Tagged ‘ rising ’

Vietnam private sector squeezed by rising costs 

January 11, 2012
Vietnam private sector squeezed by rising costs 

   A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. [...]

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Donors ask Vietnam to curb rising corruption 

December 2, 2011
Donors ask Vietnam to curb rising corruption 

A debate session at the unicameral Vietnamese National Assembly. International donors at a Tuesday conference asked the Vietnamese government to enhance efforts to fight corruption, which is getting more severe in the public’s eyes.   A report by Vietnam’s Corruption Prevention Steering Committee at the Hanoi conference said that “corruption has been contained in several fields [...]

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Eliminate bad debts once and for all: experts 

November 13, 2011
Eliminate bad debts once and for all: experts 

  Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking system. With bad debt exposure rising among local [...]

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IT’s looking good 

May 24, 2011
IT’s looking good 

  Rising presence of foreign software firms a positive sign A visitor at an IT exhibition in Ho Chi Minh City walks past an advertisement for Vietnamese dictionary software Lac Viet. The rising presence of foreign companies may help create a good environment for IT development in Vietnam, industry insiders say. More and more global [...]

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Vietnam central bank chief confident in inflation fight 

May 4, 2011
Vietnam central bank chief confident in inflation fight 

Vietnam's Central Bank Governor Nguyen Van Giau speaks at a news conference of the 44th annual meeting of the Asia Development Bank in Hanoi May 2, 2011. Vietnamese central bank governor Nguyen Van Giau expressed confidence on Monday in government steps to curb soaring inflation, days after raising key policy rates for the second time [...]

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Vietnam to raise minimum wage amid inflation concerns 

April 9, 2011
Vietnam to raise minimum wage amid inflation concerns 

A vendor carries pineapples on a bicycle in downtown Hanoi. Consumer prices rose 13.89 percent in March from a year earlier and are expected to continue increasing in the next few months. Vietnam will increase the minimum wage by 14 percent next month, raising concern that higher labor costs may fan inflation that is already [...]

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US halts Japan food imports, Tokyo water contaminated 

March 25, 2011
US halts Japan food imports, Tokyo water contaminated 

A Japanese tsunami survivor stands in front of messages displayed on the wall of a relief center in Rikuzentakata, Iwate prefecture. Japanese authorities advised against allowing infants to drink tap water in Tokyo due to raised radiation levels and the United States became the first nation to block some food imports from Japan. The crisis [...]

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Local firms feel the heat of rising input costs 

March 17, 2011
Local firms feel the heat of rising input costs 

A worker at a plastic product factory in Ho Chi Minh City Local firms struggling to manage soaring input costs and high interest rates will find government support critical for getting through tough times, experts say. However, some of them are worried about the lack of resilience shown by some enterprises which they say does [...]

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Vietnam rate hike to help cut inflation: economist 

February 19, 2011
Vietnam rate hike to help cut inflation: economist 

A farmer sits on a boat fully loaded with paddy for sale next to a mill. Economists on Friday welcomed a larger than expected rise in a key Vietnamese interest rate as part of efforts to curb rising prices, but said that more needs to be done to boost the economy. The State Bank of [...]

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A new chapter 

December 7, 2010
A new chapter 

US Secretary of State Hillary Clinton speaks at a luncheon in Hanoi in July. Her back-to-back visits to Vietnam this year articulated the rising US commitment to bilateral relations. Hillary Clinton’s back-to-back visits to Hanoi articulated the rising US commitment to US-Vietnam relations. Clinton’s recent announcement “The US is back in Southeast Asia,” struck a [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...