Deputy Minister of Industry and Trade Nguyen Thanh Bien told a press conference November 28 that while domestic rice prices have recently increased, there would not be a dramatic hike like that of 2008. There is also enough rice to meet domestic demand, deputy minister Bien said. Import-export companies have increased purchases for export as [...]
Nov 30 2009 | Posted in
Import-Export |
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Nam Roi pomelo growers in the Cuu Long (Mekong) Delta provinces of Vinh Long, Soc Trang and Ben Tre are suffering after a sharp drop in prices over the last few days. Nguyen Thanh Duoc, secretary of My Hoa Commune’s Party Committee in Vinh Long Province’s Binh Minh District, said the fruit has been selling [...]
Nov 30 2009 | Posted in
Agriculture |
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Vietnam Singapore Industrial Park and Township Development JSC (VSIP) will start building a $1 billion urban area project in the northern city of Haiphong early 2010. The construction of the Bac Song Cam urban area project is expected to start on January 13th 2010 in the presence of Singaporean prime minister during his upcoming visit [...]
Nov 30 2009 | Posted in
Economy News |
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The state-owned Vietnam Oil and Gas Group (PetroVietnam) had revenues of VND214.59 trillion ($11.605 billion) in the first ten months of this year, down 12% from a year earlier. Of the sum, the group gained VND70 trillion from services, accounted for 30%, the Vietnam News Agency quoted PetroVietnam Deputy General Director Le Minh Hong.. Hong [...]
Vietnam’s devaluation and other steps to tame the currency and stabilise the macroeconomy are likely to be effective into early next year, in part because of an expected seasonal inflow of dollars, a fund manager said. The measures addressed a short term shock that hit at a time of weak liquidity in the onshore foreign [...]
Nov 30 2009 | Posted in
Banking-Finance |
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For the third time in recent weeks, domestic gas prices have climbed upwards. The Saigon Petrol Company has said it will increase the cost of cooking gas by VND1,833 a kilogram from November 28, while the price of a 12-kilogram cylinder will climb by VND22,000 to VND267,000. Other companies including Saigon Gas, Elf Gas and [...]