Business

VnnNews – The deadly fire that broke out on March 10 has made some ‘cliff dwellers’ think twice about where they should live. Nguyen Dinh Thang, the owner of an apartment at the nearby Licogi 34 building, related that after the fire at JSC 34, he got so frightened that he has decided to find a house ‘on the face of...

Prices for meals at restaurants and small eateries have not dropped since Tet, despite lower prices for essential items at groceries and wholesale markets. To increase sales after the heavy buying period during Tet, wholesalers had cut prices on rice, sugar, cooking oil, meat, poultry, eggs, processed foods, fruits and vegetables.But prices...

VnnNews – Electricity supplies in March will face shortages due to the prolonged drought in the north, said the Viet Nam electricity corporation (EVN). Electricity supplies in March will face shortages due to the prolonged drought in the north.In a report released last week, head of the Administrative Department Le Quang Long said that...

The Ministry of Finance is conducting a price inspection of several basic commodities, especially in big cities, in a move to prevent unreasonable price rises. Besides the inspection, the Ministry of Finance also requires traders to publicly list their prices to avoid unreasonable price increases.Deputy director of the ministry’s General...

Despite two modest declining sessions at mid-week which were regarded as a necessary correction, the VN-Index managed a gain of 3.53 per cent on the week . . . The average daily value of trades reached nearly VND2.4 trillion (US$125.7 million), an increase of over 48 per cent from the previous week, while volumes also rose by 40 per cent to...

VnnNews – The fall in domestic salt prices that are hurting farmers badly has not been caused by imports that the government has allowed. Thousands of tonnes of salt produced by farmers in Cuu Long (Mekong) Delta are piling up with no dealers visiting the farms despite the sharp fall in prices.Bien told a press conference on Wednesday...

VnnNews – With plans to go abroad on a business trip and visit relatives, Nhan arrived at ACB to purchase $7000, but was refused. Of course, Nhan knows that he only needs to go to the black market and accept a slightly higher price than that quoted by commercial banks to purchase as much dollars as he wants. Yet Nhan does not want to,...

Progress resumes on Taiwanese steel plant; Looser credit reignites leverage buying; Vietnam Airlines protests AirAsia joint venture    National carrier Vietnam Airlines has requested the government to prevent Malaysian low-cost airline AirAsia from forming a new budget joint-venture in Vietnam.  According to Vietnam Airlines,...

VnnNews – After Toyota, Ford Vietnam has also been accused of problems with its accelerator pedals. The owner of the “crazy” Ford Transits is Thien Truong Joint Stock Company, which provides cargo and passenger transport services, headquartered on Kim Dong street in Hanoi. Director Dau Xuan Ngoc explained that the cars...

VnnNews – Standard Chartered Bank’s latest report on the economy, maintains that Vietnam may obtain a 6.7 percent GDP growth rate in 2010. Standard Chartered Bank’s research team has warned of macroeconomic problems that Vietnam may face in the time to come. Though the economy may obtain a high growth rate of 6.7 percent,...