Vietnam Business News

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• Vietnam Airlines transports 1.1 million passengers during holidays
• Surge of power plants to plug into Viet Nam market
• Bank to finance nuclear plant
• Vinamilk readies for expansion
• BIDV chairman “was not arrested”
• Hanoi mom unearths ‘French goat milk’ scam
• Fertiliser competition to take root
• Ford Vietnam starts 2013 with strong January performance
• EC inspects Vietnam’s seafood quality control system
• Vietnam-Brazil trade turnover maintains fair growth

Vietnam Airlines transports 1.1 million passengers during holidays Posted: 23 Feb 2013 12:23 AM PST National flag carrier Vietnam Airlines safely transported nearly 1.1 million passengers during the Lunar New Year (Tet) holiday (January 25 – February 18), up 5.4 per cent in comparison from last year's Tet holiday. Nearly 410,000 international passengers traveled with Vietnam Airlines, an increase of 10 per cent year-on-year. A total of 9,053 flights were [...]

Surge of power plants to plug into Viet Nam market Posted: 23 Feb 2013 12:12 AM PST An additional 16 power plants will join Viet Nam's competitive energy generation market this year, bringing the total number of such plants to 48. The country launched the market last July in a move to shift the State's monopoly of power supply to a more competitive market system. As such, power plants with capacities reaching [...]

Bank to finance nuclear plant Posted: 22 Feb 2013 11:30 PM PST Russia's second-largest bank is ready to grant a $1 billion loan to the Rosatom state nuclear corporation to build Viet Nam's first nuclear power plant. The news was released by VTB Management Board Member Valery Lukyanenko said Thursday, according to The Voice of Russia. The cost of building Viet Nam's Nuclear Power Plant No 1 [...]

Vinamilk readies for expansion Posted: 22 Feb 2013 11:10 PM PST The Viet Nam Dairy Products Joint Stock Company (Vinamilk) will start construction work on two of the biggest dairy plants in the country in the second quarter of this year. The company's public relations director Bui Thi Huong told Viet Nam News that the work, estimated to cost nearly VND4 trillion (US$200 million), is part [...]

BIDV chairman “was not arrested” Posted: 22 Feb 2013 10:11 PM PST The rumour about Tran Bac Ha, chairman of the Bank for Investment Development of Viet Nam (BIDV), being arrested over economic violations was groundless and untrue. The announcement was made by the Ministry of Public Security on its website. The ministry's General Department of Security has set up an investigation team to trace the source [...]

Hanoi mom unearths ‘French goat milk’ scam Posted: 22 Feb 2013 10:08 PM PST A number of mothers who have fed their babies an alleged French goat milk product were shocked to see a Hanoi mom discover a number of abnormalities behind the product. Cao Ngan Ha, a Tay Ho District resident, had already used seven out of 12 cans of Danlait goat milk which she bought from the [...]

Fertiliser competition to take root Posted: 22 Feb 2013 10:07 PM PST The domestic urea fertiliser market is set to witness stiff competition in 2013 as supply will far outstripped demand. PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo) deputy director Nguyen Hong Vinh sheds some light on the company's efforts to confront the New Year's fresh challenges. Domestic market urea fertiliser competition has been heated up. What is [...]

Ford Vietnam starts 2013 with strong January performance Posted: 22 Feb 2013 10:01 PM PST Ford Vietnam kicked-off 2013 with an impressive January, as retail sales rose 308 per cent year-over-year to 718 units, led by strong results across the Ford lineup. The impressive monthly performance helped Ford capture an overall market share of 8 per cent – its highest since December 2011. Total industry sales rose by 50 per [...]

EC inspects Vietnam’s seafood quality control system Posted: 22 Feb 2013 09:59 PM PST The legal system, organising mechanism and the performance of Vietnamese agencies in charge of controlling the quality and safety of seafood production at both central and grassroots levels have met European Commission (EC)'s regulations. The assessment was made after a group of EU inspectors conducted a fact-finding trip to the Vietnamese agencies last year, the [...]

Vietnam-Brazil trade turnover maintains fair growth Posted: 22 Feb 2013 09:58 PM PST Two-way trade between Vietnam and Brazil maintained fair growth in 2012 with a turnover of nearly 1.64 billion USD, an increase of 13.8 percent from 2011, according to statistics released by Brazil 's Ministry of Development, Industry and Foreign Trade on February 21. In 2012, Vietnam earned 817.2 million USD from exports to Brazil , [...]

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