Vietnam’s consumer price index (CPI) will remain high in the first two months of 2011, said experts from the Ministry of Industry and Trade (MIT). The hike is attributed to a stronger purchasing power during Tet, the traditional lunar New Year festival, and higher price of imports. According to the General Statistics Office, in the [...]
The Military Commercial Joint Stock Bank (MB) launched its branch in Patuxay Building, 68th Kaysone Phomvihane Boulevard, Laos on December 30. The branch has its initial investment capital of US$12 million and serves Vietnamese investors and local businesses as well as individual customers. The services provided will include short, medium and long term investment loans [...]
As of November, 2010, Vietnam’s export value to Hong Kong (China) reached US$1.759 billion, an increase of 59.8 percent over the same period last year, announced the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region. In November, exports of such products as office machine components, computer, rice, and telecom equipment to [...]
Vietnam’s exports of wood products are expected to exceed US$4 billion thanks to the rising demands and the economic recovery of most of Vietnam’s markets, says the Vietnam Timber and Forest Product Association (Vietforest). According to the association, the growth rate of the exports of Vietnamese wood products to the US market is estimated at [...]
Despite the fluctuations on global and domestic markets, the Vietnamese textile industry continues to grow fast which helps Vietnam remain in top 10 world garment export countries. Garments exports on the rise Export revenue of the Vietnamese textile in 2010 can surge to US$11 billion, an increase of 23-24 percent over same period last year [...]
Local gold prices on December 31 edged down to VND36.1million/tael as the world gold prices slipped off near three-week high. Meanwhile, dollar prices broke the VND21,000 threshold, tumbling to VND20,970 in the free market. Sacombank-SBJ in Ho Chi Minh was listed at VND35.99million/tael and VND36.09million/tael for bid and ask, respectively. SJC in Hanoi was listed [...]
The most puzzling characteristic of picture the foreign direct investment (FDI) in 2010 is the decrease in the registered capital volume and the increase in the implemented capital. The most puzzling characteristic of picture the foreign direct investment (FDI) in 2010 is the decrease in the registered capital volume and the increase in the implemented [...]
A high-speed boat service has officially opened between Rach Gia and Phu Quoc at a price of VND260,000 (US$12) per passenger. The Song Hong (Red River) Co Ltd invested VND14 billion ($667,000) in the boat using modern technology from New Zealand and can travel at a speed of 28 nautical miles per hour. It can [...]
Viet Nam will expand its cocoa cultivation areas to take advantage of high global demand and rising prices, as well as unstable production from the world’s major cocoa growers, according to industry officials. Speaking at a meeting on the industry’s development, Dr Tong Khiem, director of the National Agriculture and Fisheries Extension Centre, said that [...]
The Asian Development Bank (ADB) will provide a technical assistance grant to help countries in the Greater Mekong Subregion (GMS) achieve greater connectivity through co-ordinated railway development. The ADB grant will assist GMS countries in preparing a detailed plan for setting up the GMS Railway Co-ordination Office (RCO), including a business and financing plan for [...]
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