Posts Tagged ‘ Said Last Week ’

Thai floods may shift Japan investment to Indonesia, Vietnam 

November 19, 2011
Thai floods may shift Japan investment to Indonesia, Vietnam 

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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Vietnam’s inflation quickens for second month on food

October 23, 2009
Vietnam’s inflation quickens for second month on food

Vendors sit behind their vegetable stalls at a Hanoi market Vietnamese inflation accelerated for a second month, driven by higher food prices amid faster economic expansion. Prices climbed 2.99 percent in October from a year earlier after gaining 2.42 percent in September, the General Statistics Office said in Hanoi Friday. On a monthly basis, prices [...]

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Banks call for shift away from US dollar

July 27, 2009
Banks call for shift away from US dollar

A teller counts Australian dollar notes at a bank in Ho Chi Minh City Banks short on US dollars have advised importers to pay for goods in foreign currencies other than the dollar as a greenback shortage puts pressure on the forex market. A forex manager at a foreign bank in Vietnam, who wished to [...]

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Inflation eases in first seven months; trade deficit narrows

July 25, 2009
Inflation eases in first seven months; trade deficit narrows

A street vendor walks past shops selling different marriage offerings in downtown Hanoi. Inflation eased this month to a five-year low of 3.31 percent. Vietnam’s inflation eased in the first seven months of the year, with consumer prices rising 9.25 percent compared to the same period last year, official data showed Friday. For July alone, [...]

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Brokerages project bigger profits on market rally

July 6, 2009
Brokerages project bigger profits on market rally

An investor places an order through the direct market access facility at the HCMC branch of Tan Viet A Securities Inc. Some securities companies have reset this year’s profit target as the stock market rebound translated into better-than-expected profits in the first half. Nguyen Tho Phung, deputy director of Vietinbank Securities Company, estimated that his [...]

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Bank rate cut would do little to fix dollar crunch: bankers

June 3, 2009
Bank rate cut would do little to fix dollar crunch: bankers

A teller counts US dollars at Vietcombank, Vietnam’s largest partly private lender. Vietnam’s big banks cutting their dollar deposit rates would have little impact on alleviating a dollar crunch, bankers have said. Last week, the central bank said Vietnam’s largest banks would lower interest rates on dollar deposits to 1.5 percent from Monday from around [...]

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China eases overseas investment rules for companies

March 17, 2009
China eases overseas investment rules for companies

An undated handout photograph shows OZ Minerals Ltd.’s headframe, right, and ore conveyor, left, at the Golden Grove operation in Western Australia. China said it will make it easier for its companies to invest overseas as cheaper commodity and share prices encourage bargain-hunting in industries from autos to energy. The approval process would be simplified [...]

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Vietnam overseas shipments ‘not that bad,’ Dragon Capital says

March 7, 2009
Vietnam overseas shipments ‘not that bad,’ Dragon Capital says

Vietnam expects rice exports to reach five million tons this year for the first time in four years Vietnam’s latest export figures suggest the country’s focus on cheaper agricultural and manufactured goods may be helping its shipments abroad in the face of weaker global trade, a fund manager told investors. Overseas sales from Vietnam fell [...]

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Asian exports tumble, deepening slowdown amid global recession

March 3, 2009
Asian exports tumble, deepening slowdown amid global recession

Container ships are loaded with export goods at Klong Thoei port in Bangkok, Thailand India’s overseas sales plunged the most in a decade in January and Indonesia’s shipments suffered their biggest decline since 1986 as the global recession pummeled Asian exports. Merchandise shipments from India dropped 16 percent in January from a year earlier, the [...]

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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...