Tag: US
US holiday sales tumble as belts tightened
December 27, 2008 . Filed under International, News
A sale sign hangs on a window at the Virgin Megastore in New York’s Times Square, December 26, 2008. Cutbacks on clothing, electronics and jewelry led US retail sales to drop as much as 4 percent this holiday season as consumers limited purchases to necessities, according to SpendingPulse data. Spending was... Read more
US$ price drops on black market, gold rises
VietNamNet Bridge – The greenback seems to have become short of breath after it reached the VND17,600/US$ peak on the black market, decreasing considerably on December 25 in the afternoon. However, there have been no big changes with the transactions on the market. The dollar price escalated to VND17,500/US$1, and then VND17,600/US$1 on December 25, but... Read more
US analyst: Vietnam’s pharmaceutical market to outdo neighbours’
VietNamNet Bridge – Research and Markets, a US leading market researcher, said the Vietnamese pharmaceutical market is expected to overtake its neighbours in the coming years. Key reasons for this, the company said, include the expected Vietnam’s double-digit growth over the next five years, healthcare system reform and the improvement in intellectual... Read more
Vietnam, US hold trade talks
The first round of negotiations on the Vietnam-US Bilateral Investment Treaty (BIT) was held in Washington this week. The Vietnamese delegation was led by a representative from the Ministry of Planning and Investment and included representatives from the ministries of Industry and Trade, Finance, Justice, the State Bank of Vietnam and the Vietnamese Embassy... Read more
US NGO funds major healthcare upgrade in Hue
The Atlantic Philanthropies will provide US$8.5 million in nonrefundable aid to improve medical facilities and train staff in central Thua Thien-Hue Province, under an agreement signed Thursday. The $8.5 million will partly fund a project on “Upgrading, constructing and equipping facilities for health clinics in wards, communes and districts.”About... Read more
Preferential US export program discussed in HCMC
Senior US Senator Max Baucus Thursday backed Vietnam’s bid for its exports to receive preferential treatment under the US Generalized System of Preferences (GSP). Baucus, chairman of the US Senate Finance Committee, endorsed Vietnam’s bid for GSP status during a meeting in Ho Chi Minh City with Le Hoang Quan, chairman of the city’s People’s... Read more
Preferential US export program discussed in HCMC
Senior US Senator Max Baucus Thursday backed Vietnam’s bid for its exports to receive preferential treatment under the US Generalized System of Preferences (GSP). Baucus, chairman of the US Senate Finance Committee, endorsed Vietnam’s bid for GSP status during a meeting in Ho Chi Minh City with Le Hoang Quan, chairman of the city’s People’s... Read more
Senator urges Vietnam to lift restrictions on US beef
US Senator Max Baucus US Senator Max Baucus Wednesday urged Vietnam to remove import restrictions on US beef and take stronger measures against copyright violations. “I will urge Prime Minister Nguyen Tan Dung and National Assembly Chairman Nguyen Phu Trong to lift Vietnam’s beef restrictions when I... Read more
US financial storm passing over Vietnam
VietNamNet Bridge – Vietnam’s finance market is also believed to have survived the most difficult period. However, experts say the market will still bear impacts of the US’s storm. Experts say the market will still bear impacts of the US’s storm. Dr. Nguyen Dac Hung, from the State Bank of Vietnam, said that besides State Bank’s... Read more
VN-Index perks up on news of US Fed rate cut
VietNamNet Bridge – The fluctuating VN-Index yesterday poked its head back up above 300, gaining a modest 4.60 points, or 1.55 per cent, to close at 301.02. In Ha Noi yesterday, the HASTC-Index also gained a modest.0.82 per cent to end the day at 107.44, with 86 advancers and 42 codes declining.Strong performance by blue chips like PetroVietnam Finance... Read more