A surge in South Africa tours is not expected during the World Cup month although South Africa is a very attractive destination, according to Vietnamese travel companies. Many tours to South Africa Mr Ung Trong Tu, President of the Hanoi Travel Club, said: South Africa tours are designed for high-income travellers who can afford VND40-80 [...]
Vietnam’s exports of rubber tires soared 43% from a year earlier to US$65 million in the first four months of this year. The U.S. market remained the top importer of Vietnamese tires in the period. Kumho Tires Vietnam, an affiliate of South Korea’s Kumho Group, is now the country’s biggest tire exporter with a share [...]
Vietnam has earned US$380 million from seafood exports in May, raising five-month export revenues to US$1.63 billion, up 18% on-year, the General Statistics Office estimated. Meanwhile, the country spent US$124 million on imports of aquatic products in the period, up 9.4% compared to the same period of last year.
Vietnam has raked in US$777 million from shipping 559,000 tons of coffee in the first five months of 2010, down 21% in value and 15.2% in volume from a year earlier, the General Statistics Office estimated. In May, the country is estimated to have exported 95,000 tons of rice, valued at US$133 million, falling from [...]
Vietnamese firms expect to export more seafood to the U.S. where aquatic products are scare due to BP’s oil spill in the Gulf of Mexico that seriously polluted the environment, state media reported on May 21. Demand for shrimp in the U.S. is increasing sharply as the oil spill made bad impacts on local fishing [...]
Vietnam has earned US$1.446 billion from exporting 2.82 million tons of rice in the first five months of 2010, representing on-year decreases of 3% in value and 10.5% in volume, the General Statistics Office estimated. In May, the country is estimated to have exported 650,000 tons for US$293 million, down from 726,000 tons worth of [...]
The World Economic Forum released the Global Risks 2010, highlighting a number of underlying risks that contributed to and were exacerbated by the financial crisis and global economic downturn. Particularly, fiscal crisis, unemployment, underinvestment in infrastructure – especially in energy and agriculture – and chronic disease are identified as the pivotal areas of risk over [...]
A seven-proposal draft of the economic restructuring has been prepared by the Central Institute for Economic Management (CIEM) since late 2009 and is expected to be submitted to the National Assembly for discussion. Until now, according to economic experts, the Vietnam’s economy needs to do away with the development mainly depending on exploitation of natural [...]
The Governor of the State Bank of Vietnam (SBV) issued a decision on the base interest rate in Vietnamese dong on May 31. According to the decision, the base interest rate will remain unchanged compared to last month, at 8 percent per year. On the same day, the SBV announced its refinancing interest and rediscount [...]
Experts have said too much concern about inflation leading to tightening monetary policy cannot help control inflation. Moreover, it will cause a capital shortage and weaken businesses. The negative impact of inflation is the economy cannot reach the expected growth rate. It is, therefore, necessary to identify the reality about it to work out measures [...]
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