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Vietnam Business News

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.

Popular Vietnam Business News

Tasco plans to raise chartered capital to 135 billion dong

In details, the company will issue 5.5 million shares for existing shareholders with par value of 10,000 dong per share, under the ratio of 1:1 or one old share for

Vinashin Affiliate Launches First Car-carrying Ship

. Ha Long Shipbuilding Company, an affiliate of Vietnam Shipbuilding Industry Group (Vinashin), launched a 70,000 DWT car-carrying vessel on Tuesday, July 21 in the northern province of Quang Ninh.

Tolls proposed on cars using downtown streets

The citys Tien Phong Technology Joint Stock Company has proposed starting toll collection on cars using downtown streets from January 2012 with a fee level from US$1 to US$2, or

Vietnam hub recalls milk with content deficiencies

Health inspectors in Ho Chi Minh City on Wednesday ordered the recall of five milk products that did not contain the quantity of protein announced on their labels, and suspended

Leap in exports pushes trade deficit to $5.4b in five months

The countrys trade deficit reaches US$5.4 billion in the first five months of the year, according to experts from the General Statistics Office (GSO). The trade deficit was equivalent to

World Bank Predicts US$2.6B Surplus in Vietnam Balance of Payments in 2010

An excess of US$11.7 billion in the capital account will help Vietnam cover a shortfall of US$9.1 billion in the current account this year, the Hanoi-based Chief Economist Martin Rama

HCM City holds global marketing expo

The countrys first-ever International Advertising Equipment and Technology Exhibition opened August 5 in HCM City. The three-day event, Vietad 2010, has attracted more than 150 booths and nearly 70 domestic

Businesses weary of revised automatic import license procedure

Long Quoc Trung, Director of Matsu Electronics, a distributor of refrigeration equipment from Malaysia, said he is nervous because after two weeks, he still has not got confirmation of his

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