The Grand Alliance ocean container shipping venture will add Vietnam to its Asia-US East Coast Express service next month, joining a rapid buildup of international transportation connections. According to the US newspaper, Journal of Commerce, Alliance members Hapag-Lloyd, NYK Line and OOCL will add the deepwater port of Cai Mep to an AEX service that [...]
The Viet Nam National Petroleum Corporation (Petrolimex) yesterday, December 15, became the country’s first petroleum distributor to decrease pump prices after the Government authorised firms to set their own rates. A driver fuels up at a Petrolimex petrol station in Ha Noi. (Photo: VNN) As of 3.30pm yesterday, the corporation offered A92 petrol at VND15,950 [...]
International reinsurers CV Starr, AON, Chartis, Zurich and Allianz have jointly signed a US$1.5 billion contract in Ha Noi covering onshore projects and assets for the PetroVietnam Insurance Joint stock Co (PVI). At the signing ceremony held last Friday, the PVI announced it had posted revenues totalling VND3 trillion ($162 million) so far this year, [...]
VMS-Mobifone officially started their third-generation network service (3G) yesterday, December 15, becoming the second provider in the nation to offer the service after Vinaphone. Mobifone’s 3G will provide four main services: Video Call, Mobile Internet, Mobile TV and Fast Connect. It is expected that in the first year, Mobifone will provide 3G coverage to almost [...]
Local enterprises are predicting to offer higher Tet bonuses for their employees in 2010 due to better business while most of them give a one-month salary bonus to staff in 2009. Struggling firms still manage to give Tet bonuses as this is an important way to keep employees. A worker of an apparel firm said [...]
The machinery sector needs to restructure itself in a strong manner to better participate in the international mechanical engineering chain. This was the message from Deputy Prime Minister Hoang Trung Hai during a conference discussing the machinery sector’s capacity of fabricating support devices for the energy industry, held here on Monday. The event was co-organised [...]
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