Economists warned that by raising prices, domestic steel producers are paving the way for foreign-made steel products to flow into Vietnam.
After lowering prices four times in May and June 2010, domestic steel mills have raised prices again, by 200,000-700,000 dong per ton, since the start of July.
Southern Steel Corporation, belonging to the Vietnam Steel Corporation, [...]
Experts believe that the key problem that makes formula prices sky high is that enterprises spend too much money on advertisements. Therefore, they think in order to ease formula prices, it is necessary to keep strict control over expenditures for advertisements.
Despite a lot of efforts, management agencies still have not found the proper way to [...]
The Ministry of Industry and Trade (MOIT) has allowed investors to increase the investment capital of Guang Lian Dung Quat steel project to $4.5 billion, thus raising the capacity to seven million tons per annum. The Vietnam Steel Association (VSA) has expressed its concern about the feasibility of the project.
In a reaction to the decision [...]
Citibank Vietnam last Friday announced to complete the arrangement of a $470 million credit for PetroVietnam Nhon Trach 2 power plant project with the support of foreign export credit agencies.
The Export and Agency Finance Division, part of Citibank’s Global Transaction Services, located in Frankfurt, Hong Kong, Tokyo and Singapore, is the sole mandated lead arranger. [...]
Vietnam’s garment and textile industry needs up to 200,000 more workers as demand picked up following the global economic recovery, officials and companies said Tuesday.
“There is a close link between the global economic recovery and the shortage of workers in the garment and textile sectors,” said Pham Thi Lieu, chief executive officer of a Hanoi-based [...]
Vietnam Airlines has picked the International Aero Engines consortium (IAE) as the supplier of V2500 engines with reduced carbon-dioxide emissions for 36 Airbus A321 aircraft ordered from European plane manufacturer Airbus.
Just before the end of Farnborough Air Show in England over the weekend, Pratt & Whitney and Rolls-Royce under IAE told the Daily about their [...]
Policymakers and foreign investors are urging faster development of support industry in Viet Nam.
“Foreign-invested enterprises assembling final products here in Viet Nam may leave due to the difficulty in finding locally-sourced spare parts, components or supply sources, particularly now that labour costs are rising,” warned former trade minister Truong Dinh Tuyen at a workshop here [...]
Being evaluated as a major potential market, Vietnamese retail market has been growing rapidly with sales force growth averaging approximately 23 percent per annum.
Holding the fourth position among 30 countries that are attractive to foreign retailers, Vietnam’s domestic market expects to attract various giants in retail sector.
According to the market research of CB Richard Ellis [...]
AIA (Viet Nam) Life Insurance Co Ltd already launched a new motorbike personal accident insurance product.
With increasing traffic levels, particularly in major cities, the population faces higher accident risks. The AIA insurance covers death, loss of two limbs, third-degree burns and coma.
Its annual premium is VND220,000 for an assured VND100 million.
The maximum coverage for each [...]
The first Kia Cerato-Forte rolled out from the Thaco Kia Auto Plant in Quang Nam Province late last week.
Tran Ba Duong, president and CEO of Truong Hai Auto Corporation (Thaco), said it was the first Kia car to be assembled outside Kia production lines in South Korea.
Located on 32ha in Chu Lai Economic Zone in [...]
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