January 27, 2010
US Website: VN economy likely to show significant expansion; Market volumes hit 7-month low; Vietsovpetro to install two oil rigs in Bach Ho Hanoi, VietnamThe Vietnamese economy is expected to show a significant expansion though it was mildly affected by the diminished export demand, said a New York-based website. An article posted on Seeking Alpha [...]
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January 22, 2010
Garment export turnover has been high over the last four years – however Vietnamese businesses are losing out on a large slice of the profits. Despite Vietnam having a climate and soil suitable for growing cotton, its total cotton output is still not high enough to provide for the textile industry. Meanwhile, wider raw materials for [...]
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December 15, 2009
LookAtVietnam – The locally made proportion of garments will likely reach 42-43 percent this year, higher than the previous year’s 37 percent. According to Le Tien Truong, Deputy General Director of the Vietnam Textile and Garment Group (Vinatex), by the end of November Vietnam had exported 8.2 billion dollars worth of garment products. It was [...]
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November 30, 2009
Many big corporations have not made any discernable move forward in the equitisation process, though they have been at the starting line for a long time. Among the big players, only the Vietnam Paper Corporation (Vinapaco) knows when it will make its initial public offering (IPO). Vinapco Chairman Do Xuan Tru said that the corporation [...]
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November 2, 2009
LookAtVietnam – The garment and wooden furniture sectors have targeted local markets with certain success to compensate for shrinking export turnovers caused by the current global economic woe. ietNamNet Bridge – The garment and wooden furniture sectors have targeted local markets with certain success to compensate for shrinking export turnovers caused by the current global [...]
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June 25, 2009
Ba Ha hydropower plant connects to national grid; US HR firm eager to expand into Vietnam; Agreement to promote Vietnam’s tourism signed; Overseas Vietnamese in Canada meet to boost bilateral trade The consumer price index (CPI) in June increased by 0.55% and 2.68% compared to the CPI in May and December 2008.Accordingly, the CPI in [...]
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June 17, 2009
There’s a paradox in the garment industry: while garment companies cannot recruit enough workers, many workers remain unemployed. The deputy general director of Norfolk Hatexco, a firm in Ha Nam province near Hanoi, said that she is seeking to recruit some 400 workers. The company has placed advertisement pieces in local newspapers and looked for [...]
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June 2, 2009
Businessmen recount endless problems coping with Government policies and administrative procedures when they try to set up a business. Some of the red tape can be called ‘harassment’. Vinatex Mart is awaiting for license“I do not have words to describe the tiredness and red tape I have experienced while seeking to get a license for [...]
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May 29, 2009
The repatriated workers on Wednesday describe their harrowing ordeal in Russia What Do Van Phi remembers about Russia is being without a blanket when the temperature was 15 degrees Celsius below zero, having nothing but instant noodles for dinner and sometimes even having to beg for food. The native of Bac Giang in the north [...]
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March 31, 2009
VietNamNet Bridge – A lot of small and medium garment and footwear producers now have to ‘live from hand to mouth’ as they seriously lack orders. Meanwhile, big enterprises now have to speed up the production with rapid-fire orders. It was the working hour but the large workshop of the Lien Phat Footwear Company in [...]
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