Tuesday, February 8, 2011

Vietnam Business News

Vietnam Business News

Better packaging key to avoiding delays in farm exports to China

Posted: 07 Feb 2011 07:45 PM PST

Deputy director of the Ministry of Industry and Trade’s Department of Mountainous Area Trade Nguyen Van Hoi spoke to Tuoi tre (Youth) newspaper about plans to speed up exports of farm produce to China. This problem has existed for many years, is it correct in saying that the Vietnamese side always loses out? This is partly because [...]


In 2011, inflation will be the biggest challenge: MPI

Posted: 07 Feb 2011 07:45 PM PST

Believing that uncontrolled inflation will badly affect the macro economy, Deputy Minister of Planning and Investment Cao Viet Sinh emphasizes that curbing the inflation will be the top priority in 2011. Obtaining high GDP growth rate of 7-7.5 percent, stabilizing the macro economy and curbing the inflation are the targets the Government has set up for [...]


Abundant supplies in 2011 biggest challenge for builders

Posted: 07 Feb 2011 07:44 PM PST

Abundant supplies of houses and apartments are set to be the biggest challenge in 2011 for property firms, experts said. Statistics show there are up to 80,000 unsold apartments and around 40,000 more will be available this year. The real estate market meanwhile remains quiet. Some property enterprises already closed for the Lunar New Year holidays, as [...]


Greater effort and more resources needed in war against smuggling

Posted: 07 Feb 2011 07:43 PM PST

Director of the Ministry of Industry and Trade’s market management department Nguyen Hung Dung spoke to Cong Thuong (Industry and Trade) newspaper about the fight against smuggling and counterfeit goods. Increased purchasing power has created favourable conditions for counterfeit and smuggled products to enter the market. What measures has the department taken to prevent this? Adopting the [...]


New transport plan given thumbs up

Posted: 07 Feb 2011 07:42 PM PST

A transport development plan for the southern key economic zone has been approved by Prime Minister Nguyen Tan Dung. The plan calls for improved infrastructure and growth rates of 7-9 per cent a year in passenger and goods transport. The plan to 2020, which extends to 2030, calls for building 580km of new expressways and major provincial [...]


Supermarkets and convenience stores race for market share

Posted: 07 Feb 2011 07:41 PM PST

The local distribution market recently has witnessed two trends: foreign distributors are expanding to new provinces to cash in on new opportunities, while domestic distributors are cooperating with foreign investors to grow their businesses. Foreign distributors go out of town Foreign distributors have their eyes on provincial markets and small towns. Casino Group, the owner of Big [...]


Vietnam will have to pay the penalty for administrative orders: expert

Posted: 07 Feb 2011 07:41 PM PST

Giving administrative orders instead of following market rules is the lesson that Vietnam should draw for the monetary policy management, said Deputy Chair of the National Finance Supervision Council Le Xuan Nghia in the interview given to Thoi bao Kinh te Saigon. The Government has stated that it will not adjust the dong/dollar exchange rate until [...]


Rules on rights to plant varieties

Posted: 07 Feb 2011 07:40 PM PST

On December 30, the Government issued Decree No 119/2010/ND-CP amending Decree 105/2006/ND-CP of September 22, 2006, guiding implementation of a number of articles in the Law on Intellectual Property with respect to State administration of intellectual property rights. For more clarity and details on dealing with rights infringements, Decree 119 focuses on (i) the forms of [...]


Foreign invested real estate projects to face greater scrutiny

Posted: 07 Feb 2011 07:39 PM PST

Director of the Foreign Investment Agency under the Ministry of Planning and Investment Do Nhat Hoang spoke to Dau Tu (Investment) newspaper about disbursement of foreign direct investments. How was last year’s FDI disbursement? By December 21 last year, FDI enterprises had disbursed US$11 billion in investment projects, a 10 per cent increase compared with 2009. Such [...]


SBV Governor: monetary policies should not be adjusted regularly to satisfy all

Posted: 07 Feb 2011 07:38 PM PST

Governor of the State Bank of Vietnam Nguyen Van Giau talked to the press about his life and shared his thoughts about the banking operation in 2011. The macroeconomic uncertainties in 2011 and previous years have been mentioned many times by experts and newspapers. What should Vietnam do in order to settle the problems? Where should [...]


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