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Many low-cost retail petrol stands have recently been popping up on the streets of Nha Trang. These “businesses” sell their products at VND20,000 (USD0.95) per litre. Their competition are local petrol stations, who sell Ron 92 petrol at VND21,210 and Ron 95 at VND21,720 per litre. Petrol retail stand on Le Hong Phong Street Le [...]
Vietnam’s gross domestic product (GDP) this year is expected to reach US$119 billion, while per capita income will be roughly $1,300, according to Vu Huy Hoang, the Minister of Industry and Trade. The country’s export turnover this year topped $96 billion, and the total import-export turnover has surpassed the $200 billion mark, Hoang said, citing [...]
CEO Group will build the Sonasea Villas & Resort complex covering 77.16 hectares in Phu Quoc district in the southern province of Kien Giang. The total cost is estimated over four trillion VND. A resort in the beach of Phu Quoc island Established in Hanoi in 2001, CEO Group operates in two key business areas, including real estate [...]
Domestic gold prices have gone up by VND700,000/tael after the world gold hit a new record of $1,661 per ounce on August 2. In Ho Chi Minh City, gold prices were listed at 9.10am on August 3 as followed: – SJC gold: VND40.73-40.85 million/tael – SBJ gold: VND40.81-40.85 million/tael – SJC gold at Sacombank: VND40.80-40.86 [...]
VietNamNet Bridge – Eurocham, in the letters sent to Minister of Finance, Vu Van Ninh and Minister of Industry and Trade, Vu Huy Hoang, wrote that the application of new restrictions on the import of 100 consumer goods is the violation of the regulations in international trade. Meanwhile, Vietnamese officials have denied this. Eurocham’s Chair [...]
Experts have urged the government to make plans to reduce and exempt taxes become realistic, saying that this will be a good solution to ease the difficulties for businesses and encourage production. Resolution No 11 on solutions to curb inflation and stabilize the macro economy mentions the possibility of reducing or exempting taxes and [...]
Those involved in tobacco smuggling find it easy to circumvent the efforts of authorities. Despite a concerted effort by authorities in inspections and control the illicit tobacco trade continues to grow and has become more sophisticated. An absence of mechanisms and policies to prevent and restrict the illicit trade is one of …
Photo for illustration only. The media reported a Yen Bai Party official who obtained a doctoral degree from Malaysia within six months. ‘Star’ school seats for sale on Internet University education: many universities, few teachers People founded universities raise tuition fees The public now doubts the value of a doctoral diploma earned from Malaysia by [...]
etnam’s wooden furniture exporters are now as nervous as cats on hot bricks because a new American law aimed at curbing trade in illegal timber will take effect as of April 1, 2010. The exporters told Thoi Bao Kinh Te Saigon that they still do not know what they have to do to obey the [...]
To curb the trade deficit, the Ministry of Industry and Trade is seeking agreements with related agencies to continue restricting importations of cars with less than 16 seats. The prices for cars in Vietnam are high in the world. In a recent petition sent to the Ministries of Finance and Transportation, MOIT hopes to …