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Category Archives: Business

In economic recession, there’s no opportunity for fastidious workers

VietNamNet Bridge – A big real estate developer has been reportedly hospitalized to treat his mental disease. Thousands of bachelors in Da Nang City now work as blue collar workers at an electronics company. An architect has become a helper at a pho shop. In the economic recession, Vietnamese would take any job they can ... Read More »

Vietnam vows to impose heavy punishment to stop seafood material bleeding

VietNamNet Bridge – The draft decree of pecuniary penalty on the violations in seafood trade says the fine of up to VND100 million would be imposed on the institutions which join forces with foreign merchants to collect aquatic materials in the domestic market. If the draft decree gets approved, this will be for the first time the punishment for the ... Read More »

BUSINESS IN BRIEF 9/3

Raw material price hike causes burden for steel, packaging industry Raw material prices for the steel and packaging industry have shot up a great deal, causing much difficulty and financial pressure on manufacturing companies in Ho Chi Minh City. Several packaging companies are facing difficulty due to increase in raw material price (Photo: SGGP) Despite the current freeze in the ... Read More »

Lang Son introduces economic potential to Indian

The northern border province of Lang Son held a conference to introduce its economic potential to Indian investors on March 8. The conference was jointly held by the provincial People’s Committee, the Vietnam Chamber of Commerce and Industry (VCCI), and the Indian Embassy in Vietnam. It is part of activities to celebrate the 41st anniversary of Vietnam-India diplomatic ties (January ... Read More »

Budget airline launches routes to Central Highlands

The budget airline Jetstar Pacific will operate two new routes to Buon Ma Thuot city in the Central Highlands from March 26. The new Ho Chi Minh City-Buon Ma Thuot and Buon Ma Thuot-Vinh routes, the city’s first low-cost air service, will use 180-seat Airbus A320 airplanes. Jetstar Pacific General Director Le Hong Ha said the new routes to the ... Read More »

ASEAN, EU firms look to stronger links

A number of businesses met in Hanoi on March 8 to explore trade and investment opportunities with ASEAN and EU partners. As part of the ASEAN–EU Business Summit, the event was organised by the Vietnam Chamber of Commerce and Industry (VCCI). Addressing the event, VCCI Chairman Vu Tien Loc said ASEAN is a dynamic economic region with average annual growth ... Read More »

Ten projects chosen for $440 million in G-bond funding

VietNamNet Bridge – Ten major infrastructure projects including highways, hospitals and a canal have been approved for investment capital totalling more than $440 million from government bonds.     The National Assembly Standing Committee last week agreed on the Vietnamese government’s proposal to use the 2012 – 2015 government bonds for five projects from the Ministry of Transport, four from ... Read More »

Cambodia plans bank branches on border with VN

Cambodian Prime Minister Hun Sen on March 7 agreed with a proposal on building a system of state and private bank branches along the borderline with Vietnam . The proposal, submitted by the Ministry of Commerce, aimed to make it easier for the two countries’ cross-border trade which has long faced payment difficulties in the absence of banks in the ... Read More »

Vietnamese businesses prepared for natural disasters

A seminar aimed at helping businesses be prepared for natural disasters was held in Hanoi on March 8 by the Vietnam Chamber of Commerce and Industry (VCCI). VCCI’s Standing Vice President Hoang Van Dung stressed that Vietnam ’s top concern is how to be proactive in coping with natural disaster risks and mitigating their consequences at a time when climate ... Read More »

As fortunate as SCIC

VietNamNet Bridge – Deposit interests and dividends were the two main sources of income for the State Capital Investment Corporation (SCIC), the powerful corporation which specializes in making investments in businesses with the state’s money. The 2012 finance report of SCIC showed that deposit interests and dividends brought 96 percent of the total income of the corporation. SCIC has reported ... Read More »