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Posts Tagged ‘Business News’

Yen Bai official receives doctorate after just six months

July 29th, 2010

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 [...]

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Ministry fuels trend on tight car import regulations

March 1st, 2010

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 …

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Remittances from abroad fall 20% in 2009

January 3rd, 2010

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, [...]

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New Japan-Vietnam trade pact will restructure regional flow of goods

September 14th, 2009

Vietnamese businesses expect to source more goods directly from Japan when a bilateral tariff reduction agreement goes into effect, making imports cheaper. Free trade agreements prompt Japanese to change investment mode Ninety-two percent of goods traded between Japan and Vietnam will enjoy tariff reduction or exemption under Vietnam-Japan Economic Partnership Agreement (VJEPA). This latest milestone [...]

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Vietnam protects rice export price

September 10th, 2009

The Vietnam Food Association (VFA) has affirmed that exporters will not lower the rice export price, despite stockpiles of 1.6 million tons at present and possibly 2 million tons by the end of September. By the end of August 2009, Vietnam had exported more than 4.5 million tons of rice at $408 per ton on [...]

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Jetstar Pacific told to quit using the orange star and ‘Jet’ logo

September 8th, 2009

A year after forging a working agreement with Australia’s discount airline, Jetstar, and changing its name to Jetstar Pacific Airlines (JP), the Civil Aviation Authority has told Vietnam’s first budget airline it cannot use the familiar Jetstar logo. CAAV – the unit of the Ministry of Transport that regulates commercial airlines — reportedly believes that [...]

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MOF official says current CPI performance is on right track

September 1st, 2009

A senior Finance Ministry official says there will not be an end-year inflationary spike and the total price run-up for the year will be under seven percent. Vu Dinh Anh, the deputy director of the Market and Price Research Institute, a unit of the Finance Ministry The on-line newspaper VNExpress talked with Vu Dinh Anh, [...]

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MOIT’s ‘buy Vietnam’ campaign may miss the mark

August 26th, 2009

A Ministry of Industry and Trade programme that aims to stimulate domestic consumption will start on September 1. Dr Ngo Quang Minh of the HCM National Academy of Politics and Public Administration has raised a question: will the trade promotion programme effectively stimulate demand for Vietnamese-made goods and help businesses expand production, or it …

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MPI official bullish on resort real estate sector

August 25th, 2009

Phan Huu Thang thinks Vietnam’s tourism real estate market will see a boom in five years if investors can realize its potentials and have reasonable market development strategy. That’s why he’s setting up an industry association. Phan Huu Thang, head of the Ministry of Planning and Investment’s Foreign Investment Department In an interview given to [...]

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Economists debate need for ‘second stimulus package’

August 24th, 2009

Dr. Le Duc Thuy, the Chairman of Vietnam’s Finance and Monetary Policy Oversight Committee, advocates continued but more narrowly focused demand stimulus for some time into 2010. Meanwhile, the Vietnam representative of the ADB, Ayumi Konishi, said that if the Government opts for a ‘second stimulus package,’ it should be reduced in scope and more [...]

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