Of The Year

VnnNews – Sales of locally assembled automobiles in Vietnam in the first month of the year picked up 76% year-on-year to over 6,960 units.

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Vietnam’s contestant at the Miss World 2009 pageant Tran Thi Huong Giang entered the second round of the Face of the Year selection on the website Global Beauties.  Before competing for the Face of the Year title, Huong Giang was voted as the “Sexiest by Popular Demand” by readers of Global Beauties, a prestigious website...

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Milk prices slide, farmers see losses; Overseas remittances down 12.8%, says State Bank; Hanoi to host int’l trade, investment fair; Businesses optimistic about economic development in 2010; Coffee exports hit record high Milk prices slide, farmers see losses Dairy farmers in Ho Chi Minh City’s Cu Chi District January 8 said they...

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VnnNews - Low water levels in three major northern reservoirs threaten an electricity shortage this season in Ha Noi and throughout the north, a region dependent on hydroelectric power. The Red River has reached its lowest level to date of 1.22m compared to the seasonal average of 2.5-3m. VnnNews - Low water levels in three major northern reservoirs...

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Industrial production month-on-month in November surged 3.6 per cent, lifting the figure for the first 11 months to 7.3 per cent over the same period last year. Production of seafood, cotton, adult’s clothing, paper, ceramic tiles, televisions and domestic automobiles in the first 11 months of the year was lower than the same period last...

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VnnNews – Multinationals are turning to a new breed of insurers – and they aren’t having to look very far. Dung Quat oil refinery2009 will be a year to forget for Bao Minh Insurance Corporation, because it witnessed the corporation losing two big clients - the national flag air carrier Vietnam Airlines and the Vietnam Coal...

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Chinese products showcased in Vietnam; HCM City’s CPI rises by 0.15 percent in October; Demand for cement and steel to increase  Ho Chi Minh City’s consumer price index (CPI) rose by 0.15 percent in October over the previous month and 5.87 percent compared with the beginning of the year, according to the city’s Statistics...

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VnnNews – Though commercial banks have tightened consumer credit it still remains a key product. Banks prefer providing consumer loans because they can lend at negotiable interest rates. With other types of loans there’s less profit attached because they cannot lend at more than 10.5 percent per month.The demand for loans from individual...

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VnnNews – Despite challenges, most commercial banks have reported satisfactory profits for the first three quarters of the year. An Binh bank has reported profits of 281 billion dong ($16.52 million) in the first nine months of the yearAn Binh bank has reported profits of 281 billion dong ($16.52 million) in the first nine months of the...

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VnnNews - It is highly unlikely that inflation will surge this year as the world economy is still unstable and government measures have spurred production and curbed price hikes. A pedestrian walks past a Phuong Dong Bank banner.“I believe that inflation will not undergo a sudden surge from now until the end of this year and the government’s...

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