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The Vietnamese tourism industry’s ongoing recovery is a good signal for investors to tap into the nation’s lucrative tourism real estate industry. Vietnam is not immune to the global economic crisis, as data released by Vietnam National Administration of Tourism (VNAT) showed that foreign tourist arrivals to the country last year were down by 10.9 [...]
US Bankers Goldman Sachs has put Vietnam in a group of 11 countries with the highest growth rates – stating that Vietnam continues to be a good destination for investors. It’s believed this conclusion, alongside other recent good press for Vietnamese industry will boost investment. Many projects raring to go A number of existing foreign [...]
Customers at the Ha Noi office of the DongA bank receive money from their relatives abroad. Remittances into Viet Nam for 2009 are expected to fall considerably against 2008. Remittances into Viet Nam in 2009 are expected to fall considerably against 2008, but investment has remained buoyant despite the global economic recession. Nguyen Hoang Minh, [...]
Vietnam doesn’t just import cars from the US and beef from Argentina. Now it also imports apples and pears from South Korea and vegetables from Italy. That’s a part of the explanation why the trade deficit has grown sharply in the last months of the year. Our appetite for imports has become our headache. Experts [...]
2009 has been a really good year for bond offers by Vietnamese companies. Both Vietnamese and foreign investors have snapped them up. Vietnamese corporate bonds will be listed on Singaporean stock market Vincom Group earlier last week sold a $100 million issue of corporate bonds and listed the bonds on the Singapore Stock Exchange, becoming [...]
VietNamNet Bridge – Overseas shopping trips are now becoming more popular for the richer, more mobile, Vietnamese. Thanh Son in district 10 of HCM City goes abroad once a month, to ‘hunt’ for goods. Sometimes he visits Akihabara electronics market in Japan. Sometimes he goes to Sim Lim trade centre in Singapore to seek ‘original goods’ not available on the domestic [...]
International shipments of frozen meat must bear a certificate of safety. Additionally, imports are inspected by the Veterinary Agency before they are cleared through customs clearance. How, then, can ‘dirty meat’ penetrate Vietnam? Tuoi tre concludes that the problem lies in the way the officials examine the imports. Just five minutes to test samples …
Fuel traders will not have to ask for permission to increase retail prices if the government-calculated base price rises 7 percent or less, according to a new decree effective December 15 this year. Under the new pricing mechanism, oil products companies will be allowed to raise retail prices correspondingly if the base price rises by [...]
It’s generally understood that the central bank wants to keep loan interest rates low to provide cheap capital to the economy. However, commercial banks still keep raising deposit interest rates. ‘Elder banks’ jump onto the bandwagon The Bank for Investment and Development of Vietnam (BIDV) and Agribank, which typically do not join the ‘interest rate [...]
Vietnamese garment exports to Japan are expected to rise 20 percent to $1 billion in 2009, thanks in part to the abolition of tariffs beginning on October 1. The business newspaper Saigon Tiep thi reports that, according to the Vietnam Textile and Apparel Association (Vinatas), orders from Japan have been increasing continuously, anticipating the entry [...]