Vietnam Business News

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• Vinh Phuc sets sights on becoming a tourism hub
• Stability key for foreign investors
• Interest rates set to drop in Q2
• Techcombank hikes fee to stop ATM arbitrage
• What is the future of Tata’s steel project?

Vinh Phuc sets sights on becoming a tourism hub Posted: 01 Feb 2011 06:43 AM PST Northern Vinh Phuc province hopes to be a "must" for tourists by 2015 and then become the country's number one tourism and services hub by 2020. VIR talks with Vinh Phuc Information and Tourism Promotion Centre director Duong Quang Ung about these ambitious targets. Abounding with scores of picturesque landscapes and historical sites Vinh Phuc is seen [...]

Stability key for foreign investors Posted: 01 Feb 2011 06:42 AM PST Vietnam has accomplished much in the way of socio-economic reform since the official launching of doi moi policy in the late 1980s. Here, Chris Kamm, President of Kamm Investment Inc. gives his analysis of Vietnam's investment policies and warns of the danger of unmonitored capital inflows, illegal trading and fraud. At the same time, he believes [...]

Interest rates set to drop in Q2 Posted: 01 Feb 2011 06:39 AM PST Tran Hoang Ngan of HCM City Economics University, a member of the National Advisory Council for Financial and Monetary Policy, spoke toTien Phong (Vanguard) newspaper. How will the world economy impact on the national economy this year? What should the country focus on when it comes to monetary policy management? Generally speaking, the Government needs to adopt [...]

Techcombank hikes fee to stop ATM arbitrage Posted: 01 Feb 2011 06:39 AM PST Techcombank has raised cash-withdrawal fees to prevent Vietnamese from flocking to Cambodia to withdraw millions of dollars from Cambodian ATMs to benefit from the difference in exchange rates. From now, withdrawing foreign currency and cash is subject to a fee of 4% and 3% respectively. This means that holders of cards issued by Techcombank must pay at [...]

What is the future of Tata’s steel project? Posted: 01 Feb 2011 06:38 AM PST The mammoth steel complex project in Ha Tinh province by Tata group can be delayed for indefinite time, because the local authorities and the investor still have not reached the agreement on the most important issues. Problems Last week, a high ranking manager of Tata Group paid a working visit to Vietnam. During the trip, the manager [...]

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