Vietnam Business News

Home » Business News ⇒ You are viewing 136 - 150 of 1913 Business News

Adverstiments

Ads on mobile phones: potentials great, but opportunities have not come

Ad firms put a high hope on the development of 3G services, believing that the services bring them the golden opportunity to exploit the mobile market. However, the number of interested clients remains modest. By the end of June 2012, Vietnam had had 60 million operational mobile phones, of which 10 million mobile phones regularly access to...

Posted date: Mon, 16 Jul 2012 - From: Business News

Power price adjusted 4 times a year, consumers in state of anxious suspense

Businesses and people are now in a state of anxious suspense since they have been warned that the electricity price would be adjusted once every three months. In Vietnam, the “price adjustment” always means the “price increase.” The strong opposition against the Electricity of Vietnam’s (EVN) decision to raise the retail power price...

Posted date: Sun, 15 Jul 2012 - From: Business News

Big bosses sell hotels at a loss to get money back

The current economic difficulties and the sharp fall in the number of guests have forced a lot of big bosses to sell hotels to gather strength on their important projects. After seven years of developing Holiday View Hotel, in April, Vinaconex ITC offered to sell the hotel at the starting price of 70 billion dong only. This is the only 3-star...

Posted date: Sun, 15 Jul 2012 - From: Business News

Big M&A affairs expected in second half of 2012

Experts believe that the merger and acquisition (M&A) market would see a boom in the second half of 2012 and in 2013, when a lot of big deals would be wrapped up. A survey by Stoxplus, a finance data and communication in Vietnam, showed that the investors from China, Russia and India tend to hold controlling stakes in Vietnamese enterprises....

Posted date: Sat, 14 Jul 2012 - From: Business News

Domestic businesses complain it’s difficult to squeeze into supermarkets

All manufacturers want to put their products on sale at supermarkets. However, they always have to struggle hard to obtain the right to display products on the shelves there. Manufacturers have to queue up to enter supermarkets Recalling the days when approaching supermarkets – a new distribution channel in Vietnam, Le Thi Thanh Lam,...

Posted date: Sat, 14 Jul 2012 - From: Business News

Commercial banks still hesitant to reduce interest rates for old debts

No one can say for sure that commercial banks would accept the loan interest rate of 15 percent per annum to be applied for the old debts, even though this is the instruction given by the State Bank. The central bank has instructed commercial banks to apply the interest rates of no more than 15 percent per annum to the loans, which were...

Posted date: Fri, 13 Jul 2012 - From: Business News

Vietnamese get bankrupted because of the wood chip sales to Chinese

After Vietnamese farmers tasted the bitterness from selling farm produce to Chinese merchants, it’s now Vietnamese wood chip exporters to suffer from the deals with Chinese, who have suddenly stopped collecting products. Getting bankrupted in masses The wood chip producers in the Tra Noc 2 Industrial Zone in O Mon district in Can Tho...

Posted date: Fri, 13 Jul 2012 - From: Business News

MOH’s conclusion about drug prices raises doubts

The Ministry of Health has shown evidences to prove that the drug prices in Vietnam are not high. However, people believe that the ministry’s argument is not convincing. Survey method doubtful In order to prove that the drug prices in Vietnam are not high, a group of officials from MOH and other relevant ministries has conducted a survey...

Posted date: Fri, 13 Jul 2012 - From: Business News

Domestic fleet content with new regulation on container shipping market

The ships flying the Vietnamese flag now have the golden opportunity to regain the domestic container shipping market which is being controlled by foreign shipping firms. From January 1, 2013, the whole domestic container shipping market would fall into the hands of the Vietnamese fleet. The biggest beneficiaries from the decision are the...

Posted date: Thu, 12 Jul 2012 - From: Business News

ACFTA paves the way for Chinese cars to penetrate Vietnamese market

Experts have warned that the Vietnam’s automobile industry would be threatened as automobile manufacturers would become traders once the low import tariffs under the ASEAN-China Free Trade Agreement (ACFTA) become effective from 2015. ACFTA, which took effect on January 1, 20arial10, is considered the tool that paves the way for Chinese...

Posted date: Thu, 12 Jul 2012 - From: Business News

More underground ownership shifting deals in banking sector found

The so called “cross-ownership” has become so popular in the banking sector (banks contribute capital to other banks to become founding shareholders of the other banks). Moves taken to transfer capital On June 19, 2012, Maritime Bank (MSB) spent 220 billion dong to buy 15.228 million Military Bank’s (MBB) shares more. With the...

Posted date: Thu, 12 Jul 2012 - From: Business News

One stop shops now favored in Vietnam

More and more one stop shops have been set up in big cities since the day the first shop of this kind appeared on the market one year ago. Retailers nowadays tend to set up shopping centers and shops with large areas which can offer a multitude of products and services to customers. The products available here are diversified in styles,...

Posted date: Thu, 12 Jul 2012 - From: Business News

SSC lets off flare as signal of securities company merger process

APEC Securities Company has become the first securities company to be merged into others under the plan to restructure the stock market. The decision was made half a year after the plan was approved by the Ministry of Finance. The securities company process reshuffle begins The 2012 annual shareholder’s meeting of APEC Securities Company...

Posted date: Wed, 11 Jul 2012 - From: Business News

Trade value set to double by 2026

Viet Nam is expected to see rapid trade growth in the next 15 years, with its trade expected to almost double by 2026, an HSBC report released yesterday said. It was US$202 billion last year. The Global Connections Report forecast the country's growth at 8.2 per cent a year until 2021 before slowing like its Asian peers in the next five...

Posted date: Wed, 11 Jul 2012 - From: Business News

Vietnam considers setting up super-ministry to supervise SOEs

The proposal to set up a general department in charge of managing and supervising capital at state owned enterprises, which the Ministry of Finance (MOF) has made to the government, has raised controversy. Economists believe that supervising the use of state’s capital at SOEs is a very important and urgent task for now, especially after a lot...

Posted date: Wed, 11 Jul 2012 - From: Business News