Vietnam Ministry of Finance (MOF) is presently developing criteria to evaluate and classify insurance companies into four groups, and will apply separate measures to manage and supervise each group, the Saigon Times reported. Group 1 includes good liquidity and profitable insurance companies. These companies will continue business and expand their operation only with efficient business [...]
Jetstar Pacific, the first low cost air service provider in Vietnam, offers the cheapest ticket fares in the world, according to a survey of Spanish e- commerce travel company eDreams on January 31. The purpose of the survey was to provide passengers with choices of cheap flights, which was an important factor helping customers decide [...]
Leading state liner Vinalines will take a raft of comprehensive measures to boost its business efficiency. In 2012, Vinalines aims to earn VND27.2 trillion ($1.3 billion) in revenue and VND120 billion ($5.7 million) in profits, surging 10 and 93 per cent respectively against 2011. “2012’s proposed profit is just one-eighth of that in 2009, but [...]
The Nam Con Son 2 gas pipeline project was formally licensed on Tuesday by Ba Ria-Vung Tau Province’s government, marking the start of the country’s biggest project so far in gas transport, treatment and processing. The project worth a hefty VND27.4 trillion, or US$1.3 billion, in registered capital will be developed by PetroVietnam Gas Corporation [...]
In many cases, the troubles of some people could be the opportunities of others. The motorbike explosions have made motorbikes unsold, but helped boost the sale of electric bicycles. Meanwhile, gas explosions have led to the boom of electric stoves. Rushing to buy electric bicycles As the petrol prices have been increasing continuously, while a [...]
Analysts believe that with the new strict regulations on the import procedures, the automobile market in 2012 would have no room for unofficial car imports, while the market would witness the establishment of massive official authorized dealers. The Circular No 20 released by the Ministry of Industry and Trade, which, according to the ministry, aims [...]
Japan’s leading transportation company Sagawa Holdings has announced that it will launch delivery services in Vietnam in February on a trial basis, and then officially from March. Sagawa announced on February 1 that this year the firm will invest 100 million yen (US$1.2 million) to buy more than 30 lorries and motorbikes for goods transportation [...]
Vietnam’s steel sector targets to achieve only 3-4% growth in 2012, the local news paper Saigon online reported Nguyen Chi Cuong, chairman of Vietnam Steel Association (VSA) as saying. In 2005-2007 period, the steel industry reached growth rate of above 20%, the chairman added. The economic situation in 2012 is expected to be not favorable [...]
Vietnam News Agency reported that the coal mining industry has set a target of pairing its activities with environmental protection while ensuring national energy security for socio economic development. The target was raised in the Coal Industry Development Plan to 2020 with a vision to 2030 which was recently approved by the Prime Minister. Under [...]
Cau Gie-Ninh Binh highway and part of the highway connecting Ho Chi Minh City (HCMC)- Long Thanh – Dau Giay will be completed and put into use by the middle of 2012, the Vietnam Expressway Services Joint Stock Company (VEC)said in its recent report. Surface clearance of the main road for the HCMC-Long Thanh-Dau Giay [...]
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