Wednesday, May 1, 2013

The Business Times: Ha Long builder launches 53,000-tone cargo carrier

The Business Times: Ha Long builder launches 53,000-tone cargo carrier

Link to Vietnam Business News

Ha Long builder launches 53,000-tone cargo carrier

Posted: 30 Apr 2013 08:39 PM PDT

Ha Long Shipbuilder of the Vietnam Ship Industry Group successfully launched a 53,000-tone ship named THOR BREEZE on April 29th in Quang Ninh. The ship is 190m long, 32,26m wide, 17.50m high and has a tonnage of 65,700 sqm and the main engine of MAN B&W 9.480 KW. The ship has double decks and 5 [...]

Time for monetary policy loosening

Posted: 30 Apr 2013 08:37 PM PDT

The State Bank of Vietnam has slashed the ceiling deposit interest rates several times in an effort to reduce the loan interest rates and increase the amount of capital to be pumped into the national economy. The Economist, after analyzing the moves of the central banks, has noted that it's now the time for the [...]

Establish national gold exchange: experts

Posted: 30 Apr 2013 08:33 PM PDT

Experts deemed it necessary to set up a national gold exchange to deal with the widening gap between local and global gold prices – and the preference for keeping gold and using the precious metal as payment. Tran Thanh Hai, general director of Vietnam Gold Business Corporation, said over 11 tons of gold had been [...]

Favourable opportunities for footwear exports

Posted: 30 Apr 2013 08:31 PM PDT

Most Vietnamese footwear businesses have received steady orders, for the second and third quarters of 2013, according to the Vietnam Leather and Footwear Association (Lefaso). Many producers are now turning to new markets, such as the US and Japan, in addition to their traditional consumers in the EU. Statistics from the General Department of Vietnam [...]

FDI disbursement, attraction rise

Posted: 30 Apr 2013 08:28 PM PDT

In the first four months of this year the foreign direct investment (FDI) inflow to the country has hit $8.219 billion, a 17pct year-on-year increase. Meanwhile, while the FDI disbursement has reached $3.75 billion, up 3.9pct compared to the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and [...]

Mammoth petrochemical projects make Vietnam feel dizzy

Posted: 30 Apr 2013 03:04 AM PDT

More and more investors have expressed their willingness to set up huge oil refineries in Vietnam. Government agencies and local authorities keep cautious when talking about projects, while some experts have doubts about their feasibility, and some people say the projects are just the "cake picture." Foreign investors may well understand the Vietnamese "oil refinery [...]

Smuggled gold sneaking onto local market

Posted: 30 Apr 2013 03:04 AM PDT

More smuggled gold has been launched onto the local market due to the widening gap between local and global gold prices in recent times, heard a meeting between the HCMC branch of the State Bank of Vietnam (SBV) and related agencies in the city on Monday. Declining to elaborate on the smuggled gold quantity that [...]

Vietnam’s investment climate introduced in Japan

Posted: 30 Apr 2013 03:04 AM PDT

More than 100 businesses from Japan's Niigata prefecture recently attended a workshop to explore Vietnam's investment environment and policy. Yutaka Wanatabe, General Director of Towa Industrial Vietnam Co. Ltd., spoke highly of Vietnam's political stability and steady economic growth, as well as the two countries' close partnership as advantages Japanese businesses should take to enter [...]

Japan’s economic stimulus package brings high hopes to Vietnamese

Posted: 30 Apr 2013 03:00 AM PDT

Vietnam's exports to Japan have been supported not only by bilateral and multilateral trade agreements, but also by the new economic stimulus package launched by the Japanese government worth $1.4 trillion. Vietnam's food and farm produce exports have advantages Nguyen Trung Dung, Vietnamese counselor to Japan, said that the economic stimulus package would help foster [...]
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