» 2010 » March » 13

VnnNews – Commercial banks have confirmed they can now purchase more dollars, however, supply is still not enough to meet demand. The official dollar price had increased by 40 dong per dollar in the three months up to the end of September. The interbank exchange rate the State Bank of Vietnam (SBV) announced for September 30 was 16,991...

VnnNews – The enterprises in EPZ and those in the national economy are finding it hard to get together for mutual profit. Vietnam has established six export processing zones, tariff-free enclaves where foreign-invested enterprises produce goods for export.  The best known are Tan Thuan and Linh Trung, near HCMC, home to some two...

VietNamNet Bridge – Vietnamese-made dairy products are selling well in HCM City – a big surprise to producers and consumers alike. Shop owners on “Milk Street” on Nguyen Thong Street,  in HCM City, all say foreign brand sales have decreased in the last month, with sales of domestic products increasing. Nam,...

VnnNews – Members of the National Assembly’s Finance & Budget Committee have labelled a proposed housing tax as unfeasible. They also don’t think the bill can take effect on January 1, 2011 as planned by the Government. The anti-speculation law? When compiling the law, the Ministry of Finance (MOF) stated its...

VnnNews – The National Assembly’s Economic and Budget Committee reported that the interest subsidy mechanism was the optimal economic stimulus policy from the Government. Following the inspection of the 206 branches of 45 commercial banks, new reports suggest that policy is working properly.Yesterday, September 30, the committee...

Doan Van Kien, Chairman of the Vietnam Coal and Mineral Group (Vinacomin) has resigned in a letter to Prime Minister Nguyen Tan Dung. Vinacomin’s Chairman Doan Van Kien.VnnNews – Doan Van Kien, Chairman of the Vietnam Coal and Mineral Group (Vinacomin) has resigned in a letter to Prime Minister Nguyen Tan Dung. Le Tuan Minh,...

VnnNews – Aware that supermarket sales have been growing by 30-40 percent annually, many firms dream of selling their products in the big stores.  It’s not so easy to get shelf space Nguyen, the owner of a cosmetics company, has approached a certain supermarket six times, but still can’t get her foot in the door. “I...

VnnNews – Vietnam churns out large volumes of rice, however, Vietnam’s rice doesn’t always fetch a good price. So, why is it that Vietnam’s rice is always cheaper than Thailand’s in the world market? Scientists blame it on a perceived inferiority. Tran Dinh Long, Professor, Academician, chairman of the Vietnam...

Following documentaries on Kenyan slums and Hanoi’s Red River people, Phan Y Ly is about to produce a film on Vietnamese classical dance for the Discovery Channel. Phan Y Ly (left) and Phan Huyen Thu, the producer of “The Living and The Dead in the City”. Ly will tell stories about the dreams of ordinary Hanoians....

VietNamNet Bridge – The Vietnam Automobile Manufacturers’ Association (VAMA) has requested ministries clamp down onwidespread  import  frauds. In a letter sent to the Ministries of Finance, Industry and Trade, General Taxation Department and General Department of Customs, VAMA said many car importers declare falsely low...