Vietnam Business News

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• Vietnam spends too much money on imports
• Shan Tuyet tea trees lift mountain farmers from poverty
• DBO format sought for city’s wastewater facility
• Demand key to survival in moribund market
• HOREA’s tax proposal is unrealistic, says central bank representative
• 2,000 workers need overseas nuclear training
• Loopholes exist, businesses dodge laws, management agencies powerless
• Inflation may return if monetary policy is loosened
• Vietnam joins TPP talks in Singapore
• In crisis, businesses sell vacancy on billboards to retain their breath

Vietnam spends too much money on imports Posted: 04 Mar 2013 05:55 PM PST The trade deficit, for a developing country like Vietnam is believed to be inevitable, because Vietnam needs to import machines and materials to make products for export. However, in fact, it has been not only importing the products it needs, but the products it can make as well. Sugar, salt, poultry eggs are all key [...]

Shan Tuyet tea trees lift mountain farmers from poverty Posted: 04 Mar 2013 05:48 PM PST The success of a pilot project of growing Shan Tuyet tea trees have provides a feasible solution to sustainable poverty-alleviation for ethnic groups in the northern mountainous of Tuyen Quang. The project began in 2000 in Na Hang district, where sloping and mountainous terrains pose difficulties to agricultural and forestry production. "We have tried all [...]

DBO format sought for city’s wastewater facility Posted: 04 Mar 2013 05:43 PM PST HCMC – A wastewater treatment plant in the second phase of the HCMC environmental sanitation project would be developed under the design-build-operate (DBO) format if the World Bank (WB) agreed to finance its operations. The HCMC Department of Transport early last month sent to the municipal government a report on the proposal for the Nhieu [...]

Demand key to survival in moribund market Posted: 04 Mar 2013 05:41 PM PST When the domestic property market will escape from the current stagnant situation remains a question in a struggling economy. Nguyen Manh Thang, chairman and general director of the Song Da 7 Urban and Industrial Zone Investment Joint Stock Company, speaks to the Viet Nam News about the company's experiences in surviving the hard times. The [...]

HOREA’s tax proposal is unrealistic, says central bank representative Posted: 04 Mar 2013 05:34 PM PST Nghiem Xuan Thanh, chief of the central bank's governor office said that the Ho Chi Minh City Real Estate Association (HOREA)'s proposal to levy tax on deposits was unrealistic and unreasonable, the local news provider Tuoitrenews.vn reported. Besides, the central bank has yet to receive the proposal, Thanh added. Representative of the Personal Income Tax [...]

2,000 workers need overseas nuclear training Posted: 04 Mar 2013 05:25 PM PST HCMC – Song Da Corporation in 2013-2014 will send 2,000 local engineers and workers to Japan and Russia for training on nuclear power development to serve construction of Ninh Thuan 1 and Ninh Thuan 2 nuclear power plants in the future. Le Van Ton, board member of Song Da Corporation, confirmed the news to the [...]

Loopholes exist, businesses dodge laws, management agencies powerless Posted: 04 Mar 2013 03:29 AM PST Despite a lot of efforts, the watchdog agencies still fail to control the formula prices. The market remains chaotic because of low quality products and sky high prices. A wave of indignation has been raised among consumers who have found out that the sale price of a kind of formula imported from France is 3-4 [...]

Inflation may return if monetary policy is loosened Posted: 04 Mar 2013 03:27 AM PST HSBC believes the biggest risk facing Vietnam is the return of inflation should the government aggressively ease monetary policy to support ailing sectors. In its report released on March 4, the Hong Kong and Shanghai Banking Corporation (HSBC) said February prices were contained, falling to a rate of 7 percent year-on-year compared to 7.1 percent [...]

Vietnam joins TPP talks in Singapore Posted: 04 Mar 2013 03:22 AM PST Vietnam is joining 10 other countries in the 16th round of Trans-Pacific Partnership negotiations in Singapore from March 4-13. The Vietnamese delegation is led by Tran Quoc Khanh, Deputy Minister of Industry and Trade, who is the head of the Vietnamese Government's negotiation delegation for international economics and commerce. During their stay in Singapore, the negotiating [...]

In crisis, businesses sell vacancy on billboards to retain their breath Posted: 04 Mar 2013 03:16 AM PST Duc, a marketing officer of a construction company headquartered in My Dinh area, has been going here and there these days to look for the clients who want to lease his company's billboards. The company has posted ad pieces on some websites that it needs to transfer a billboard at "reasonable price." Many months ago, [...]

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