Daily updated news about the Business news
Home » Business News ⇒ You are viewing 1 - 15 of 1579 Business News
Adverstiments
HCM CITY — The trend of companies in HCM City making losses continues, with three-quarters losing in the first quarter, and government policies to support them are not proving very effective. At a meeting held earlier this week to review tax collection and gather opinions for amending the Law on Tax Management, the Tax Department said only...
Posted date: Sat, 19 May 2012 - From: Business News
Processing and manufacturing prove to be the ones that have been distressed most in the last four months, according to the Ministry of Planning and Investment (MPI). Manufacturing industry falls into decay A report by MPI has pointed out that the industrial production in the first four months of 2012 met a lot of big difficulties,...
Posted date: Sat, 19 May 2012 - From: Business News
Local fuel traders are gaining handsome profits, at up to VND1,000 per liter of gasoline sold, as global fuel prices have kept falling. Vietnam National Petroleum Group (Petrolimex) said on its website that the global crude oil price in the first half of this month maintained the longest falling streak since late 2009. The average WTI oil...
Posted date: Sat, 19 May 2012 - From: Business News
Local enterprises’ dramatic SOS has pushed the government to roll out a major rescue package. However, it is unclear whether the rescue package will actually keep firms afloat. "These measures could have saved my firm if they were applied last year.”- Nguyen Tao Chuyen, Director of Hanoi-based NTC Vietnam Joint Stock Company Nguyen Tao...
Posted date: Sat, 19 May 2012 - From: Business News
Hundreds of stalls at the Hang Da Trade Center have been left idle. The merchants here have given up business because of too few buyers. The food and vegetable stalls at Cua Nam Market have also been quiet. Modern markets cannot attract merchants Hanoian housewives go buying food and essential items for their families early in the morning,...
Posted date: Sat, 19 May 2012 - From: Business News
Vietnam has a trade promotion agency, in charge of running national trade promotion program, aiming to help Vietnamese exporters reach out to the world market. However, the agency remains helpless with “hand and foot bound.” Budget on decrease, jobs on increase While the export turnover has been increasing steadily by 30 percent per...
Posted date: Fri, 18 May 2012 - From: Business News
A memorandum of understanding (MoU) on mining and processing rare earth in northern Lai Chau province’s Tam Duong district was signed with Japan on May 17. Lai Chau-VIMICO Rare Earth Joint Stock Co and the Japanese Dong Pao Rare Earth Development Co have agreed to join hands through two phases of the project. The first phase is to research...
Posted date: Fri, 18 May 2012 - From: Business News
The Vietnam Coal and Mineral Group (Vinacomin) has shouted for help, asking for the export tariff reduction to zero percent, or it would die because of the sale prices lower than the production costs. However, the proposal has faced the strong opposition from the public. Vinacoal says it incurs big debts because of… power plants In...
Posted date: Fri, 18 May 2012 - From: Business News
Businesses have been trying every way to turn the inventories into cash to get money for re-investment. In recent days, the head office of MM, a media company in district 2 in HCM City, has been full of sweets. The company’s officers have been busy all the day to sell the goods. People thought that MM has received an order of organizing a...
Posted date: Fri, 18 May 2012 - From: Business News
A lot of businesses’ managers, and team leaders have also joined the army of unemployed people who get unemployment benefits. Unskilled workers or officers are believed to be the biggest sufferers in the economic crisis, because they are the first targets of the lay-off plans that enterprises would carry out to cut down expenses. However,...
Posted date: Fri, 18 May 2012 - From: Business News
Vietnam’s five-year bonds had the best week since June 2009 on speculation a decline in money- market rates bolstered demand for government debt. The dong was little changed. The overnight interbank deposit rate declined 43 basis points this week to 1.92 percent, the lowest level since June 2009 when Bloomberg started compiling the data....
Posted date: Fri, 18 May 2012 - From: Business News
While businesses moan about big losses and heaped debts, banks still make fat profit, thus allowing their bosses to pocket millions of dollars a year. At the shareholders’ meeting of Lien Viet Post Bank, shareholders heard that the total pay for the members of the board of directors and the supervision board in 2012 is expected to reach 45...
Posted date: Thu, 17 May 2012 - From: Business News
Some 83 State-owned groups, corporations and four banks as of May 9 have registered to cut expenditures with a combined value of nearly VND13 trillion, but some experts have played down the significance of the figure. According to the Ministry of Finance, the 83 State-run conglomerates (SOEs) registered to save nearly VND12.5 trillion,...
Posted date: Thu, 17 May 2012 - From: Business News
Under the cover of tourists, Chinese merchants have been going to every corner in rural areas, where they scramble for aquatic products, then escape from the localities, leaving big debts, and thus making local farmers suffer. What do Chinese merchants do in Vietnamese land? Nguyen Hoang Vu, a Vietnamese merchant in Ca Mau province, who...
Posted date: Thu, 17 May 2012 - From: Business News
The high prices of sweet potatoes paid by Chinese merchants prompted Vietnamese farmers to expand the sweet potato growing area. However, Chinese merchants have left right before the harvesting time, leaving Vietnamese farmers in distress. Chinese merchants hold the handle of a knife In the southern province of Vinh Long alone, there are...
Posted date: Wed, 16 May 2012 - From: Business News