Vietnam Business News

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• Japanese trade minister to visit Vietnam to promote nuke power
• Restructuring state businesses – proper policies needed
• Nokia recommends using Vietnamese software for handhelds
• “Raising electricity prices doesn’t solve development issues”
• Wind power, titanium projects on direct collision course
• VN-Index likely to rebound to 550 late Sept
• Large bauxite deposit found in Binh Phuoc
• Hong Kong agency highlights Vietnamese market potential
• France to help Vietnam with energy saving projects
• US sued for imposing high taxes on Vietnamese shrimp

Japanese trade minister to visit Vietnam to promote nuke power Posted: 21 Aug 2010 09:24 AM PDT Trade minister Masayuki Naoshima said Friday he plans to visit Vietnam next week to back up business efforts to win orders for Japanese nuclear power technology from the Southeast Asian nation. During the four-day trip from Tuesday, the economy, trade and industry minister intends to encourage Vietnamese Prime Minister Nguyen Tan Dung in Hanoi to engage [...]

Restructuring state businesses – proper policies needed Posted: 21 Aug 2010 09:24 AM PDT Vietnam needs to restructure state corporations and businesses and the economy in general, says economic expert Nguyen Minh Phong. According to Phong, the economy should be restructured according to the two-level economic structure model, with the upper level made up of strong multi-owner economic groups and the lower level made up of small- and medium-sized businesses. [...]

Nokia recommends using Vietnamese software for handhelds Posted: 21 Aug 2010 09:23 AM PDT For the first time a Vietnamese software appears in the top applications recommended for use by Nokia on its Ovi Store website. Vietnam Socbay iMedia is a special version for Nokia Ovi cell phones designed by Naiscorp Vietnam. According to Nokia, nearly 40,000 users have downloaded this software from Ovi Store within a short period of time, [...]

“Raising electricity prices doesn’t solve development issues” Posted: 21 Aug 2010 09:22 AM PDT With energy fees expected to rise in order to encourage investment, one official shares why he says it isn't the answer. Pham Manh Thang, Director of the Electricity Regulatory Authority of Vietnam under the Ministry of Industry & Trade, shared his point of view regarding this proposal with the media. He felt that electricity fees needs to [...]

Wind power, titanium projects on direct collision course Posted: 21 Aug 2010 09:21 AM PDT Several projects in both wind power and titanium mining sectors in the central province of Binh Thuan have been put on hold as most of the land reserved for wind power overlaps the sites for titanium mining, a provincial official said. Ho Son Hung, deputy director of the province's Department of Industry and Trade, told the [...]

VN-Index likely to rebound to 550 late Sept Posted: 21 Aug 2010 06:31 AM PDT Vietnam stock market is likely to see a strong rebound in late September or early October with the benchmark VN-Index to hit 550-point level on expectation stronger cash inflows, Dinh The Hien said Vietnam stock market is likely to see a strong rebound in late September or early October with the benchmark VN-Index to hit 550-point [...]

Large bauxite deposit found in Binh Phuoc Posted: 21 Aug 2010 06:28 AM PDT Nearly 1 billion tonnes of bauxite was discovered through geological surveys conducted by the An Vien Company in Thong Nhat and Tho Son mines in southern Binh Phuoc province. The vast amount of bauxite enables the Ministry of Industry and Trade to work out an overall plan for mining exploration and building an aluminum factory in [...]

Hong Kong agency highlights Vietnamese market potential Posted: 21 Aug 2010 06:28 AM PDT The Hong Kong Trade Development Council (HKTDC) has released a report highlighting the Vietnamese economy's growth and potential and describing the country as having a good investment climate. In its report entitled 'Vietnam-a fast growing market in ASEAN', HKTDC said Vietnam has a growing middle-income class with an increasing demand for high-quality goods and services. HKTDC survey [...]

France to help Vietnam with energy saving projects Posted: 21 Aug 2010 06:27 AM PDT The French Agency for Development (AFD) wishes to help Vietnam save energy based on experiences it has learnt from projects in Indonesia, according to a meeting with the head of AFD projects, Christian de Gromard. A delegation from the Vietnamese Ministry of Industry and Trade visited France from August 19-21 and worked with AFD and Areva, [...]

US sued for imposing high taxes on Vietnamese shrimp Posted: 21 Aug 2010 06:26 AM PDT Vietnam on August 20 brought a lawsuit protesting against the US imposition of anti-dumping taxes on the country's shrimp to the Panel of the Dispute Settlement Body (PDSB) under the World Trade Organisation (WTO) in Switzerland. This is the first step in the process conducted by the PDSB. Three PDSB members, appointed by the WTO Director [...]

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