Vietnam Business News
Booking agents plan to sue Indochina Airlines
At least ten booking agencies in Hanoi and HCM City have told VnExpress that they cannot retrieve dozens of millions of dong they deposited with Indochina Airlines, although the airline carrier has stopped flying over the last year. Until now, there has been no news from Indochina Airlines General Director
Private dairy companies required to register prices
A draft circular to prevent excessive milk-price hikes by dairy firms is to be issued this month, according to the Ministry of Finance. The draft will replace the ministrys circular No104/2008-TT-BTC that became effective in 2008.
Textile, garment companies brimming with foreign orders
Le Quoc An, Chair of the Vietnam Textile and Apparel Association (Vinatas), in a recent interview given to Tuoi Tre newspaper, stated that most garment exporters have enough orders for the year. Firms have refused more, fearing they cannot fulfill them on schedule. The export price has increased by 15
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Vietnam Textile ,
Vietnam garment ,
2010 Vietnam textile ,
2010 Vietnam garment
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 and foreign investors to return to work to eight patients. These include two projects for the production of materials with
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Vietnam drug production ,
Vietnam drug consumption
Cement producers bemoan slow sales
Anticipating the high cement output in 2010, the Vietnam Cement Corporation (Vicem) plans to export one million tons of cement, but it has admitted it may fail to reach this target. The Government has agreed in principle to a proposal by Vicem to build cement-made highways and roads. However, the
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Vietnam Cement ,
Cam Pha Cement ,
Thanh My Cement Plant
More than a few industrial zones stand empty
Industrial zones (IZ) symbolize the modernization and industrialization process in Vietnam. Many are succesful, filled with companies churning out export goods. However, many others have failed to attract investors. VietNamNet Bridge excerpts a long article from Tuoi Tre.
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Vietnam industrial zone ,
Hanoi National University
Red invoices no longer required
Most companies will no longer have to obtain their invoices from official agencies and can print them on their own, thanks to the Governments efforts to usher in administrative reform. Under Decree No 51/2010/ND-CP, which will take effect next year, companies can print the "red invoices" that serve as official
Lack of trust limits growth of parts supplier networks
Hanoi has nearly 1000 manufacturing companies operating in 20 industries, but its network of firms able to supply needed components to foreign enterprises is still considered to be inferior to similar networks elsewhere in the ASEAN region
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Vietnam manufacturing company
The new rules for managing the risky debt
The Prime Minister has a mechanism for debt instruments issued in high-risk Vietnam Bank of Social Policy grip. The facility replaces the existing measures to reduce the use of risky debt with new measurements of the waiver, interest rates, debt and curves. 10 September, will provide new measures for debt
Experts say controlling advertisements will help ease formula prices
Despite a lot of efforts, management agencies still have not found the proper way to control formula prices. Formula prices are still much higher than that in other regional countries. The Ministry of Finance has recently revealed that it may apply a new regulation to control formula prices, under which
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Vietnam advertisements ,
Vietnam milk ,
Vietnam formula products
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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