Vietnam’s National Financial Supervisory Committee (NFSC) has forecast the exchange rate between the U.S. dollar and the Vietnamese dong will change little in the rest of the year, said Le Xuan Nghia, vice chairman of the committee. Nghia said that the forecast was based on U.S. inflation and exchange rate with other currencies. Vietnam’s inflation [...]
Finance and banking experts believe that with the measures to stabilize the foreign currency market, the dong/dollar exchange rate would be stabilized in the upcoming months. However, the dong interest rate would not decrease right now, because of the high consumer price index (CPI) increase in April. The CPI reportedly increased sharply by 3.32 percent [...]
The fourth Vietnam International Telecommunications Conference 2011 will be held in Hanoi on June 1-2, with a view to developing broadband connection in Vietnam. Organised by the Ministry of Information and Communications, the event is expected to draw almost 200 delegates from foreign and domestic IT and telecom businesses, especially with the participation of two [...]
A seminar entitled, “The labour issue in free trade agreements (FTAs) – international experience – opportunities and challenges for Vietnam” was held in Hanoi on April 29. Co-organised by the Ministry of Labour, Invalids and Social Affairs (MoLISA) and the International Labour Organisation (ILO) Office in Vietnam, this first-ever event of its kind took place [...]
The State Bank of Vietnam (SBV) released circular No.11 on April 29 to stop credit institutions mobilising and lending by gold. According to the circular, they will not be allowed to lend gold to customers and other credit institutions even if the credit contract has already been signed and not totally disbursed. They are also [...]
The Vietnam Chamber of Commerce and Industry (VCCI) has assisted enterprises in Thanh Hoa and Ninh Binh provinces in creating visions, strategic orientations and targets for their business operations. VCCI aims to help local businesses restructure, improve the investment climate, promote administrative reform, obtain loans and ensure sustainable development. As planned, the Chamber will implement [...]
Binh Son Petrochemical Co on April 28 signed a $13.6 million deal with South Korea’s SK contractor on managing and supervising the first overall maintenance plan in Dung Quat oil refinery, Quang Ngai province, the VnExpress reported. Accordingly, SK was appointed to take responsibility for managing, watching maintenance contractors including Jcon, Dong-Il, Ubec, Deachang (South [...]
VinaPhone announced to re-provide the low cost packages of IDD 1715 for making international calls with time limit for all the pre-paid and post paid subscribers from May 1, 2011. In details, VinaPhone’s subscribers who make international calls to 23 countries in all over the world such as the US, Canada, China, Thailand, Singapore, Argentina [...]
Truong Tan Vien, deputy minister of transport has recently asked Hanoi City People’s Council to make reports about the implementation process of the expanding and upgrading the National Highway No 6, from Ba La to Xuan Mai, Hanoi under BT and BOT method. Song Da Group had been assigned for setting up the investment proposal. [...]
International Monetary Fund (IMF) has cut its forecast on Vietnam’s inflation down to 9.5 percent in 2011, according to its regional economic outlook that has been released recently. Earlier, on April 11, the IMF stated in its world economic outlook that Vietnam’s inflation was forecast at 13.5 percent in 2011. According to IMF’s regional economic [...]
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