Vietnam Business News

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• Eagle eyes needed to manage state funds
• Tablets, smartphones pile pressure on PCs
• Seven ships to be sold to pay crews
• The Ho Tram dream
• Improving development capacity of fishery sector
• Toyota plans to lift domestic output due to weak yen
• Gold market to have new big supply
• FDI capital sees sharp rise in March
• Vietnam-Chile trade exceeds US$600 million
• Trade deficit returns on high imports

Eagle eyes needed to manage state funds Posted: 25 Mar 2013 12:16 AM PDT The National Assembly's (NA) Economic and Budget Committee former deputy chairman Dang Van Thanh highlights the need to put non-budget state funds' performance under the spotlight. Why does there need to be clearer regulations concerning National Assembly national financial policy oversight tasks? This causes me many headaches, since currently besides the state budget, Vietnam is [...]

Tablets, smartphones pile pressure on PCs Posted: 25 Mar 2013 12:16 AM PDT The consumer PC market experienced slower growth in the last quarter of 2012 and is likely to see an even poorer scenario this year due to increasing pressure from tablets and smartphones. About 680,000 PCs were sold in the fourth quarter of last year –the lowest rate for the last several years, according to the [...]

Seven ships to be sold to pay crews Posted: 25 Mar 2013 12:11 AM PDT The ships of the Vietnam Shipping Lines Corporation (Vinalines) that have anchored abroad for a long time are expected to be sold out in June to cover debts and pay the salaries for the crews. The sale of seven ships worth millions of US dollars that have anchored overseas for a long time of the [...]

The Ho Tram dream Posted: 25 Mar 2013 12:07 AM PDT The investor and the rich Vietnamese once dreamed of having a Vegas in Vietnam by developing the Ho Tram resort project. However, the "Ho Tram dream" has been become far away as MGM has decided to quit the project. One day in January 2013, QNC, the director of a HCM City-based fashion company and his [...]

Improving development capacity of fishery sector Posted: 25 Mar 2013 12:05 AM PDT Domestic and foreign experts and businesses in the fishery sector participated in a seminar in Hanoi on March 21 to seek measures to improve the sector's development capacity. They focused on challenges experienced in observing trade standards. The seminar was jointly held by the National Agro-Forestry-Fishery Quality Assurance Department, the UN Industrial Development Organisation and [...]

Toyota plans to lift domestic output due to weak yen Posted: 25 Mar 2013 12:03 AM PDT Toyota Motor plans to raise domestic production during the April-September period by about 10 percent from its earlier estimate thanks to the recent weak yen, it was reported Saturday Toyota has already revised up planned output for April and May by 10 per cent to between 13,000 and 13,500 vehicles a day and it now [...]

Gold market to have new big supply Posted: 24 Mar 2013 11:55 PM PDT The State Bank of Vietnam has authorized the Saigon Jewelry Company (SJC) to make bullion gold to provide to the market. Declining to say about the amount of gold to be made, but a representative of the central bank said a big amount would be marketed to help stabilize the prices. n an official statement [...]

FDI capital sees sharp rise in March Posted: 24 Mar 2013 11:51 PM PDT Vietnam attracted US$5.4 billion in foreign direct investment between February 20-March 20, a monthly record figure. Of the total, US$2.93 billion came from newly-licensed projects, a year-on-year increase of 2.2 percent, and the remaining US$3.10 billion was additional capital from operational FDI projects, up 277 percent. The March figure helped bring the total FDI capital [...]

Vietnam-Chile trade exceeds US$600 million Posted: 24 Mar 2013 11:50 PM PDT The two-way trade turnover between Vietnam and Chile hit more than US$606 million in 2012, up 24.5 percent compared to last year's figure. In 2012, Vietnam's exports to Chile earned US$189.8 million, a rise of 27 percent, while the country's imports from the South American nation reached US$416.2 million, accounting for a year-by-year increase of [...]

Trade deficit returns on high imports Posted: 24 Mar 2013 11:50 PM PDT Imports exceeded exports in March by US$300 million, marking the return of the trade deficit in Vietnam after the country experienced a trade surplus in the first two months of this year and in 2012. The country exported US$11 billion worth of goods in March and imported US$11.3 million in the same period, according to [...]

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