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Vietnam Business News

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.

Vietnam prepares for anti-dumping

Bach Van Mung, director general of the Competition Administration Department under the ministry, told a meeting in HCM City to collect suggestions for the system that the website for warning is now under test run.

Insurance firm earns 136b dong pre-tax profit, 71.5pct year plan

The southern bourse listed - Bao Minh Insurance Joint Stock Corporation (coded BMI) released H1 combined business result with 136 billion dong of progressive pre-tax profit in first half, meeting 71.5 percent of the year plan.

Polish Airlines open direct flight between Hanoi and Warsaw

Polish Airlines (LOT) officially announced in Ha Noi yesterday, August 18, that it would open a non-stop route linking Ha Noi with Warsaw on November 15. It would become the first carrier to fly the route. LOT will offer the only non-stop commercial flight between Eastern Europe and Viet Nam


Posted in: Vietnam travel , Vietnam flight

Vietnam plastic export goal 1 billion USD this year

The plastics industry is capable of achieving an export turnover of US$1 billion this year, affirmed the Viet Nam Plastics Association (VPA). "This goal is possible because in the first seven months of this year, the industry earned more than US$550 million from exporting plastic products," said Huynh Thi My,


Posted in: Vietnam plastic export , Vietnam plastic , Viet Nam Plastics Association

Demand for air cargo likely to grow 30 percent

"Demand will likely grow by 30 percent in the second half of this year in comparison with the same period last year due to high demand from Asia, the EU and the US . Hong Kong Airlines return flights connecting HCM City with Hong Kong had an occupancy rate of


Posted in: Vietnam air cargo , Vietnam transportation , Vietnam air transportation

Supermarket attitude shift, now like selling domestic products

At Co-op Mart, 95 percent of food products and 90 percent of non-food products displayed on the aisles are made in Vietnam, figures for the first seven months of 2010 reported by Co-op Mart to the HCM City Industry and Trade Department.


Posted in: Vietnam supermarket , Saigon Co-op , Big C Vietnam

Japan helps improve investment climate

The ODA funding, channelled through the Japan Bank for International Cooperation (JBIC), will help build a key road in the heart of a new metropolis in Me Linh district and expand the systems of water supply, sewage and liquid waste treatment in Vinh Yen city.


Posted in: Japan invest in Vietnam , Vietnam ODA , Vietnam ODA 2010

US consultant wins Da Nang contract

The HCM City-based Trung Nam Construction Investment JSC (Trung Nam Group) on August 14 signed a design-consultancy contract for the Quan Nam - Thuy Tu Ecological Urban Area with the US-headquartered design firm Skidmore Owings and Merrill LLP (SOM).


Posted in: Trung Nam Group

Vietnam Airlines launches online check-in service

Accordingly, passengers who take departure from Hanoi and Ho Chi Minh City as well as from Vientiane of Laos, Phnom Penh and Siem Reap of Cambodia, Seoul and Pusan of the Republic of Korea, Kuala Lumpur of Malaysia to Vietnam can check-in online with any computer connected internet and accessed


Posted in: Vietnam Airlines

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Vietnam profit growth nearly 70 percents

The earning per share (EPS) of the market is estimated to rise 58.4% this year, higher than 53% in 2007 and -39.8% in 2008. The P/E ratio will stand at

An upmarket office tower to take shape in Hanoi

The Housing and Urban Developmennt Corporation (HUD) on March 21 began construction of a high-class Office Block (HUD Tower) in Thanh Xuan district, Hanoi with a total investment capital of

Gold association wants import restrictions lifted

The Vietnam Gold Business Association will request the government to remove restrictions on gold imports so that they are determined by local supply and demand, an official said. Gold should

Vietnam to Receive More Overseas Remittance This Year

Local financial experts and bankers shared a common consensus that Vietnam will receive a higher level of overseas remittance this year than the last year. Financial experts and bankers all

Optimism and caution at Vietnam investment summit

The Vietnamese Investment Summit 2010, which ended on Wednesday in Ho Chi Minh City, focused on the countrys economic strengths-providing potential investors and business people with a forum for discussion,

Manpower export: long-term vision a need

ASEAN economies are resuming very strongly, especially in Thailand, Singapore and Malaysia. This is very impressive because six months ago, nobody had that hope. Now it is important to maintain

Low-cost apartments selling slowly

Most of real estate developers now have shifted to developing low-cost apartment projects, because they believe that low-cost apartments will sell better than high-end apartments. Analysts also said that the

Opens the way for the growth of drug production in Vietnam

Domestic and foreign investors for the production of drugs call opens the way for the growth of drug production in Vietnam. The Ministry of Health (MoH) is calling for domestic

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