New Postal Law to take effect in January

The Draft Postal Law, which becomes effective on January 1 next year, will have 10 charpters and 46 articles regulating provision, investment, quality, fees and the rights and responsibilities of service providers. It will also cover stamps, dispute settlement and compensation, and extent of the State’s responsibility. The Draft Postal Law is designed to meet [...]

Businesses struggle with IT security

Viet Nam is listed in the top 10 countries responsible for the spread of spam (junk mail) internationally, said Ngo Vi Dong, Chairman of the Association of Information Security in HCM City at a workshop on business security and safety. The workshop was held by Da Nang City People’s Committee in co-ordination with the Information [...]

Investment revives in Long An

Foreign direct investment is picking up again after the economic slump last year in the southern province of Long An. In the first half of the year nearly US$105 million has been committed by investors in five projects, 18 per cent up from the same period last year, according to Phan Thanh Phi, head of [...]

Piaggio secures $58.8m loan

The International Finance Corporation (IFC), a member of the World Bank, said it had given a loan of 45 million euros (US$58.8 million) to Italian vehicle maker Piaggio to expand its production in Viet Nam and India. Piaggio will use the money to increase production of environmentally friendly scooters, motorcycles and light commercial vehicles in [...]

Ocean Bank earns $16.3 million

OceanBank has posted a pre-tax profit of VND311 billion (US$16.3 million) for 2010, an increase of 265 per cent against the same period last year. In June, the bank’s total assets were valued at VND43 trillion ($2.2 billion). OceanBank, which has 83 branches nation-wide, has opened two more branches this week in Bac Giang Province [...]

Handicraft show to open in Ha Noi

The “Ha Noi handicraft 2010″ expo will run from August 4 to 9 at the Ha Noi Culture Friendship Palace. The annual fair aims to promote exports of handicraft products. The expo is expected to attract 100 handicraft enterprises offering 500 products from traditional craft villages.

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