Vietnam Business News

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• Economy set to cool in 2011 after red hot 2010
• Transport must be in harmony with each locality’s conditions
• New hopes for FPI in 2011
• The “Sony effect” among foreign invested enterprises?
• Businesses reeling as incentives cut in WTO period

Economy set to cool in 2011 after red hot 2010 Posted: 04 Feb 2011 12:28 AM PST Vietnam will look to spell out more stable economic growth in 2011 after the year of being heated by gold and US dollar prices. Alan Pham, chief economist of VinaSecurities Joint Stock Company, said he expected the government would put more emphasis on stability and less on growth this year. "We think monetary policy will be tight [...]

Transport must be in harmony with each locality’s conditions Posted: 04 Feb 2011 12:28 AM PST Transport Minister Ho Nghia Dung talked to Thoi bao Kinh te Viet Nam (Vietnam Economic Times) about the need for more diversified financial resources for investment in traffic infrastructure. Viet Nam’s Socio-Economic Development Strategy for 2011-20 plans great improvements in the nation’s transport sector. How has the Ministry of Transport prepared to meet these targets? After taking [...]

New hopes for FPI in 2011 Posted: 04 Feb 2011 12:27 AM PST It is predicted that in 2011, there will be a greater flow of foreign portfolio investment (FPI) in Vietnam Louis Nguyen, Chair and Chief Executive Officer of SAM, a fund management company, relates that in 2010, foreign investors said that their biggest worry was the depreciation of the Vietnam dong, while, to invest in Vietnam they [...]

The “Sony effect” among foreign invested enterprises? Posted: 04 Feb 2011 12:27 AM PST Experts have warned that foreign invested enterprises (FIEs) in Vietnam now prefer importing goods to sell domestically instead of setting up production bases in the country. Retailing, not manufacturing Two years ago, the announcement by Sony Vietnam that it will stop production and will import products for domestic sale surprisedmany people. Now people talk more about the "Sony [...]

Businesses reeling as incentives cut in WTO period Posted: 04 Feb 2011 12:25 AM PST Businesses have complained that they have been facing a lot of difficulties since previous investment incentives have been suddenly cut after Vietnam joined WTO. Businesses shocked Five years ago, the HCM City People's Committee set up a new policy, offering investment incentives to the enterprises using workers who have undergone drug detoxification. These enterprises could enjoy the [...]

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