December 12, 2011
Many cement firms are deeply in the red after demand has plummeted due to the housing market slump while supply has soared because of the indiscriminate construction of several plants. Le Van Toi, head of the Ministry of Construction’s Construction Material Department, said: “Sales of many kinds of construction materials, including cement, have fallen [...]
Tags: 20 Percent, cement, Cement Firms, Cement Producers, construction, costs, demand, firms, industry, interest, Interest rates, market, million, Million tons, Of The Vietnam, Of The Vietnam Cement, percent, plants, prices, producers, Said ldquo, sales, Sales Target, supply, Thanh nien, The industry, The ministry, The vietnam, The Vietnam Cement, Thien, This year, Vietnam, Vietnam Cement
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October 15, 2011
Unprecedented move against Chinese contractor not easy, but ‘wise’, local firm says Vietnam’s state-owned Construction Corporation No.1 has decided to end its contract with a Chinese supplier due to poor performance at a major hydropower project in the Central Highlands. Beijing IWHR Corporation was terminated from the contract to supply and install the main [...]
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October 8, 2011
South African protesters hold signs during a demonstration outside the Chinese embassy in Pretoria on September 22, calling on the government to stop poachers from killing rhinos for their horns. A plan to legalize the rhino horn trade in South Africa has drawn flak from experts concerned the move would be a setback for conservation [...]
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Posted in Sci-Tech | Comments Off
September 22, 2011
Vietnam is advising power-consuming manufacturers in the south to stagger production while the Nam Con Son gas pipelines that feed power plants undergo maintenance, an official at state utility Vietnam Electricity (EVN) said. Gas supply to two power plants with a combined capacity of about a quarter of the country’s total was to halt [...]
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August 20, 2011
Vietnam is a big name in the rubber industry. It is the world’s fourth largest exporter despite being a late entrant into the international market. But Vietnamese firms producing tires and needing latex for other production purposes are facing a shortage of the material and having to import it at higher prices. The increased [...]
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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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August 13, 2011
After holding steady for months against the dollar, the Vietnamese dong began to show signs of weakening this week The Vietnamese dong has weakened after holding steady for months against the dollar, following a gold hoarding panic over the weekend. Commercial banks lowered the dong against the dollar on Thursday, increasing the exchange rate to [...]
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Posted in Reports | Comments Off
August 2, 2011
A man prepares to deliver a generator to a customer in front of an electrical appliances shop in downtown Hanoi on Monday. In energy-hungry Vietnam’s big cities, businesses and families often use generators to deal with power shortages in the hot summer months. State utility Electricity of Vietnam will continue to control a majority [...]
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July 30, 2011
Banks in VIetnam have stepped up sales of the dollar as they anticipate a move to reduce their dollar holdings, even as they compete to mobilize more of the greenback to meet increasing demand for dollar loans. “Buying foreign currencies now is easier than ever,” said Dao Duy Kha, deputy general director of Vietnam [...]
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July 26, 2011
Vietnam’s central bank should pump more money into the economy, while taking care to ensure it doesn’t fuel inflation, a senior Vietnamese government advisor said. Money supply expanded at 2.45 percent in the first six months of the year, well below the government’s 16 percent annual target, which has also led to slowing credit [...]
Tags: 16 Percent, avoid, Avoid Stagflation, Central, Central bank, currency, dollar, Dollar Loans, Foreign, Foreign Currency, Government, In Dollar Loans, loans, money, Money Supply, Nghia, Of The Year, percent, Six Months, supply, The government, The year, To Avoid Stagflation
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