Vietnam Business News

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• Vietnam mulls fining Toyota over technical faults
• Giant vessels can enter Dinh Vu Port
• Thanh Hoa to build bagasse-fueled power plant
• HNX to auction 2-4tr dong G-bond per week in Q2
• Gold alloy on market not pure
• Producers complain the doors to supermarkets too narrow
• Famous brands rushing to launch products for popular consumers
• Experts examine efficiency of country’s PPP programme
• Price of foodstuff falls on back of ample supply
• PR, branding offer keys to property market

Vietnam mulls fining Toyota over technical faults Posted: 13 May 2011 12:36 AM PDT After Toyota Vietnam has recalled nearly 66,000 cars suffering from technical faults recently, a senior official said the actual number could be much higher and that Vietnamese authorities are considering fining the Japanese carmaker. The number of Toyota cars with technical problems in Vietnam must be higher than the 65,703 figure that Toyota Vietnam officially [...]

Giant vessels can enter Dinh Vu Port Posted: 13 May 2011 12:36 AM PDT Transport vessels of around twenty thousand tons can now enter the port of Dinh Vu in northern Hai Phong upon completion of its second pier which officially came into operation yesterday. The 1.5 trillion dong port construction began in 2007 with financial assistance from the Hai Phong Port limited liability company and is expected to [...]

Thanh Hoa to build bagasse-fueled power plant Posted: 13 May 2011 12:32 AM PDT The Thanh Hoa province People's Committee has licensed a project to build a bagasse-consumed power plant with capacity of 12.5 MW. The plant, run by the Lam Son Sugar Joint Stock Company (LASUCO), will use bagasse from LASUCO's subsidiary, sugar factory 2, to generate electricity. It is expected to help reduce environmental pollution along with [...]

HNX to auction 2-4tr dong G-bond per week in Q2 Posted: 13 May 2011 12:31 AM PDT Hanoi Stock Exchange (HNX) has recently announced its schedule for organizing tenders for G-bonds issued by the State Treasury in the second quarter of this year. Basing on the Dispatch No 738/KBNN-HDV dated May 9, 2011 issued by the State Treasury on G-bond issue plan in Q2, 2011, HNX announced the issuing schedule of treasury [...]

Gold alloy on market not pure Posted: 13 May 2011 12:30 AM PDT Jewellery companies report that some gold alloy currently sold on market has low gold purity although gold-purity testing machines show a purity rate of 99.99 percent. According to a representative from Sai Son Jewelry JSC, the impurities of this particular gold alloy will not show up on these machines. Nguyen Van Dung, chairman of the [...]

Producers complain the doors to supermarkets too narrow Posted: 13 May 2011 12:26 AM PDT In order to obtain space at the supermarkets to display products, manufacturers have to satisfy a lot of claims of supermarkets: they have to offer high discount rates, pay different kinds of fees and run sale promotion programs. The nameless fees A general director of a cosmetics company said that he has become too tired, [...]

Famous brands rushing to launch products for popular consumers Posted: 13 May 2011 12:23 AM PDT Many Vietnamese enterprises, the owners of well known brands and the manufacturers of high grade products, have been trying to expand their business by launching the products for popular consumers which have lower prices. The new table wares of Minh Long Porcelain Company called "Co Tim" with a reasonable price, have caught the special attention [...]

Experts examine efficiency of country’s PPP programme Posted: 12 May 2011 09:26 PM PDT Viet Nam needs US$10-15 billion per year in order to sufficiently invest in its own infrastructure. Available funding currently reached only half of the required amount, said Director of the Ministry of Planning and Investment’s Bidding Centre Vu Quynh Le. Public-Private-Partnerships would play an important role in making up the remaining amount of funding needed, [...]

Price of foodstuff falls on back of ample supply Posted: 12 May 2011 09:25 PM PDT The prices of foodstuff has dropped this month due to an abundant supply, many provincial officials have said. This month, the prices of many processed foods, beef and chicken have remained stable while that of pork has dropped at many localities, according to price and market management authorities under the ministries of Finance and Industry [...]

PR, branding offer keys to property market Posted: 12 May 2011 09:24 PM PDT Brand building and marketing strategies will increasingly be important as buyers are now more cautious because of high inflation and tighter monetary policies issued by the Government, experts said at a seminar held yesterday in HCM City.   Patti Ndzana Etoga, operations director of CB Richard Ellis, said entering 2011 many high-rise developers were sitting [...]

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