Vietnam business news: online Vietnam financial and business network

State Bank denies that 1000 tons of gold is kept among people

Regarding the information that about 1000 tons of gold and five billion dollars are being kept by the public, the Governors document provided the figures ont the gold imports and exports in the period from 1998 to September 2010.

Increasing interest rates - the signs of a new difficult period?

The interest rates now are described as "exorbitant" and they were only as high once before, in 2008. Many businessmen have warned that the production will become stagnant soon, because enterprises will halt their production. This may be their only choice, because the more they produce, the bigger losses they

State owned enterprises - when will the children grow up?

There are no timely adjustments in human resources, there is no evidence to show who can fulfill their tasks well and who cannot. As the result, only 4-5 percent of managers at state owned enterprises (SOEs) are dismissed because they did not fulfill their duties.

SOE - motive force of economy: please dont be too reliant on the set rails

State owned economic groups and general corporations are now considered the "motivating force" of the national economy. However, the national economy cannot continue based only on set rails.

Real estate bubble - the accessory to inflation

No official statistics have been released, but it is estimated that the volume of traded land has reached several millions hectares with the added value of 30-40 percent. The value of the land may reach tens of trillions dong which obviously accounts for a big proportion in GDP.

Oversupply in resort real estate market

Five years ago, there were only several resorts, namely Mui Ne Domaine, The Nam Hai (in Binh Thuan province), or Olalani, Indochina Riverside Tower in Da Nang, and some in tourist cities of Nha Trang and Vung Tau. Most of them were foreign invested projects.

Vietnamese professors too old

In 2010, Vietnam has 71 professors and 507 more associate professors. Of these, the oldest associate professor is now 75 years old, and the youngest 32 years old. The youngest professor is now 46 years old already. What are your comments about the age of professors?

Foreign investors make bigger Vietnam plan

Last week, PepsiCo, the worlds second-largest food and beverage business, announced a plan to build a state-of-the-art beverage production plant in the Vietnam-Singapore Integrated Township and Industrial Park in Bac Ninh Province.

Exchange rate paradox occurring only in Vietnam

The urgent governments meeting on November 3 evening ended at 9 pm. Several measures were put forward to deal with the uncertainties on the forex market and prevent high inflation.

In critical situations, information must be transparent

At a recent press conference where urgent measures to regulate the national economy were informed, Le Duc Thuy, Chair of the National Finance Supervision Council, stressed that one of the most important measures to stabilize the market is to provide accurate and transparent information in order to create public confidence.

Your Ad Here

Nine VND195T Transport Projects Still Waiting For Investors

The Ministry of Transport said that nine transport infrastructure projects totaling VND195 trillion (around US$11.4 billion) have not yet found investors. These projects include three large-scale highways namely Dau Giay-Lien

Vietnam Estimated to Import US$2.127B Iron & Steel in H1

Vietnam was estimated to have imported 4.016 million tons of iron and steel worth US$2.127 billion in the first half of this year, down 34.2 per cent in volume and

Domestic commercial banks stop rising deposit interest rates

The central bank has recently reported that credit grew at a rate of more than 20% in the first seven months of 2009. At a meeting with foreign ambassadors and

Real estate market continues to rebound

Hanoi and HCM City are predicted to have an abundant housing supply with around 90,000 apartments being offered for sale and more than 80,000 finished apartments.

Petrol price still high, despite global fall

Petrol retailers claim they cannot reduce petrol and oil prices as they remain confused by the application of the petrol price stabilisation fund mechanism.

New Resettlement Quarter Project in Hanoi Costs VND302Bln

Long Bien District Peoples Committee is the main investor of this project with total investment capital of over 302 billon dong. The investment preparation procedures are expected to be finished

Vietnam Boosts Manufacturing Self-lifting Oilrigs

The Ministry of Science and Technology, the Vietnam National Foundation for Science and Technology Development, the National Research Institute of Mechanical Engineering, Vietnam Oil and Gas Group (PetroVietnam), and PetroVietnam

Vietnam gold surges; dollar trades at VND19,000 again

Most gold shops bought the metal at VND28.45 million and sold at VND28.5 million. The bullion market remained subdued because most investors were waiting for a new wave of movement

Vietnam Business & Financial News

Advertisements

Random Post

Vietnam Business News

Popular Vietnam Business News

Advertisement