The Business Times: Weak operations lead to flight delays and aborts

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• Weak operations lead to flight delays and aborts
• Backlogs at Cat Lai Port remain huge
• Vietnam poised as ‘Big Winner’ from FTAs
• Textile & garment companies short of orders for rest of year
• Economists question validity of statistics on public debt
• Illegal currency bitcoin still being traded
• Vinalines case shows that arbitration law is being ignored in Vietnam
• Fraudulent Vietnamese travel firm promises to pay back tourists
• Vietnam mobile operator increases 3G speed to 42Mbps, faster than ADSL
• 80% of world’s computer chips will be made by Intel Vietnam by 2015: CEO

Weak operations lead to flight delays and aborts Posted: 01 Aug 2014 10:07 PM PDT The committee underlined the reason at a review meeting chaired by the committee's chairman and Deputy Prime Minister Hoang Trung Hai, for aviation activities in the January-June period in Hanoi on Monday. More than 20% of the 85,000 flights operated by local airlines in the period were delayed while the ratio of canceled services was […] The post Weak operations lead to flight delays and aborts appeared first on Vietnam Business News.

Backlogs at Cat Lai Port remain huge Posted: 01 Aug 2014 10:06 PM PDT Huge backlogs have remained to be cleared at Cat Lai Port since early this month although the HCMC Department of Customs said it has tried to improve the situation. Bui Le Hung, head of the Management-Supervision Office under the customs department, told a meeting over the weekend that the surging flow of goods to the […] The post Backlogs at Cat Lai Port remain huge appeared first on Vietnam Business News.

Vietnam poised as ‘Big Winner’ from FTAs Posted: 01 Aug 2014 10:05 PM PDT The Vietnamese economy is poised for 'exponential' strong growth with the signing of a number of free trade agreements (FTA) in the offing. The trade pacts, once signed, will open up new horizons for high quality Made-in-Vietnam products to penetrate expanded and diversified markets while simultaneously permitting the country to reduce its overdependence on certain […] The post Vietnam poised as 'Big Winner' from FTAs appeared first on Vietnam Business News.

Textile & garment companies short of orders for rest of year Posted: 01 Aug 2014 10:03 PM PDT Many small-and medium-sized garment companies in HCM City reportedly have received only half to 60 percent of the orders they expected this year. Very few companies have orders for the fourth quarter of the year. The chair of the HCM City Textile, Garment, Embroidery and Knitting Association, Pham Xuan Hong, said many member companies of […] The post Textile & garment companies short of orders for rest of year appeared first on Vietnam Business News.

Economists question validity of statistics on public debt Posted: 01 Aug 2014 03:33 AM PDT The statistics released by the Ministry of Finance and relevant agencies about Vietnam's sovereign debt are being questioned by economists. The State Audit Office of Vietnam (SAO) stated at a press conference last week that there were some problems in the statistical work about the public debt. Chief State Auditor Nguyen Huu Van, in his […] The post Economists question validity of statistics on public debt appeared first on Vietnam Business News.

Illegal currency bitcoin still being traded Posted: 01 Aug 2014 03:26 AM PDT Though the State Bank of Vietnam (SBV) has confirmed bitcoin is not a legal currency and that it must not be used in payment transactions in Vietnam, executive bodies have not been able to close the bitcoin trading floor. Nguyen Xuan Thanh, director of the Fulbright Economics Teaching Program (FETP), warned that if bitcoin, like […] The post Illegal currency bitcoin still being traded appeared first on Vietnam Business News.

Vinalines case shows that arbitration law is being ignored in Vietnam Posted: 01 Aug 2014 03:25 AM PDT Vinalines, the country's largest shipping corporation, lost a case brought to VIAC earlier this year, and it was forced to pay VND62.5 billion to the South Korean SK E&C as compensation for breaking a contract for the construction of a harbor at Van Phong transit port in Khanh Hoa province. Vinalines, which did accept the […] The post Vinalines case shows that arbitration law is being ignored in Vietnam appeared first on Vietnam Business News.

Fraudulent Vietnamese travel firm promises to pay back tourists Posted: 01 Aug 2014 03:08 AM PDT The director of a tour operator based in Ho Chi Minh City that had reportedly run away with bookings from more than 100 tourists asserted Thursday that the company will come back and refund its customers in full. Vo Anh Kiet, director of the Anh Kiet Co. headquartered in District 4, yesterday contacted Tuoi Tre […] The post Fraudulent Vietnamese travel firm promises to pay back tourists appeared first on Vietnam Business News.

Vietnam mobile operator increases 3G speed to 42Mbps, faster than ADSL Posted: 01 Aug 2014 03:08 AM PDT Vinaphone has successfully employed new technology to allow its 3G connection to have higher data-transfer speeds, the Vietnamese mobile operator announced Wednesday. The download speed for Vinaphone's 3G subscribers has been increased to 42Mbps, enabling them to watch HD video clips on their mobile phones with 3G connection, the company said. The speed increase is […] The post Vietnam mobile operator increases 3G speed to 42Mbps, faster than ADSL appeared first on Vietnam Business News.

80% of world’s computer chips will be made by Intel Vietnam by 2015: CEO Posted: 01 Aug 2014 03:00 AM PDT Eighty percent of the semiconductor chips used in computers around the world at this time next year will be made by the Intel plant in Vietnam, the CEO of Intel Products Vietnam asserted Tuesday. The abilities of the Vietnamese employees to adapt Intel technologies are great and meet the expectations of the chipmaker, Sherry Boger, […] The post 80% of world's computer chips will be made by Intel Vietnam by 2015: CEO appeared first on Vietnam Business News.

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