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Int’l shippers allowed to transport cargo from north to south

VietNamNet Bridge – Cargoes from ports in Haiphong, Danang and Quy Nhon bound for Europe and the United States can be transported by foreign shipping lines for transshipment at the Cai Mep-Thi Vai port complex in the southern coastal province of Ba Ria-Vung Tau. The Ministry of Transport has allowed a few foreign shipping lines to operate on domestic routes ... Read More »

Central Bank official quashes money change rumours

The State Bank of Vietnam (SBV) has quashed rumours that it planned to issue new bank notes in the near future, an official has said.     No money change in Vietnam in the near future.  Nguyen Chi Thanh, Director of the SBV’s Issue and Vault Department, said, “The rumours are a complete fabrication.” According to him, the rumours stemmed ... Read More »

What will Samsung bring to Vietnam?

VietNamNet Bridge – It’s obvious that the existence of Samsung’s factory in Bac Ninh province has helped changed the face of a small province adjacent to Hanoi. But…   By the end of 2012, Samsung Electronics Vietnam (SEV) had disbursed $950 million out of the total $1.5 billion worth of capital registered for the mobile phone and tablet factory in ... Read More »

Vietnam ninth in WB’s remittance rankings

Vietnam ranked ninth on the World Bank’s list of the 10 countries that attracted the most overseas remittances, with 10 billion USD in 2012. India topped the list with 69 billion USD, according to the latest edition of the World Bank’s Migration and Development Brief, issued on April 19. Other countries on the list were China (60 billion USD), the ... Read More »

Bourses experience further sliding

The VN-Index lost another 1 percent to close the session on April 22 at 468.43 points. Only 39.7 million shares, worth 656 billion VND (31.2 million USD), changed hands, nearly unchanged compared to the previous session’s levels. Blue chips weighed on the market again as up to 21 of the top 30 shares by market capitalisation and liquidity sank while ... Read More »

Wood firms get help on quality standards

Wood firms get help on quality standards HA NOI (VNS)— Service provider TUV SUD PSB Viet Nam has pledged to assist members of the Handicraft and Wood Industry Association of HCM City (HAWA) in assessing factories and managing product quality after the two parties signed an agreement yesterday. General director Sathish Kumar Somuraj of the company, a subsidiary of Germany’s ... Read More »

Gold price gap leads to surge in illegal imports

Gold price gap leads to surge in illegal imports A woman shops for gold bars at Agribank Gold Co’s branch in Hoan Kiem District. Illegal gold imports increased for the past week as the price gap between the domestic and global markets grew larger. — VNA/VNS Photo Tran Viet HA NOI (VNS)— Illegal gold imports increased for the past week ... Read More »

Central bank refutes banknote change

Central bank refutes banknote change HA NOI (VNS)— The State Bank of Viet Nam yesterday rejected rumours that it is considering changing the banknotes. “We can confirm that we have no intention of making such a move. There will not be any changes to the banknotes currently in circulation,” the central bank announced on its website. It noted that the ... Read More »

Viet Nam ninth in remittance rankings

Viet Nam ninth in remittance rankings HA NOI (VNS)— Viet Nam ranked ninth on the World Bank’s list of the 10 countries that attracted the most overseas remittances, with US$10 billion in 2012. India topped the list with $69 billion, according to the latest edition of the World Bank’s Migration and Development Brief, issued on Friday. Other countries on the ... Read More »

CPI falls across major cities

CPI falls across major cities Women buy food at Ba Chieu Market in HCM City where the price of food catering services decreased by about 1 per cent this month. — VNA/VNS Photo The Anh HA NOI (VNS)— The consumer price index (CPI) of Ha Noi and HCM City declined this month mainly due to price decreases in food catering ... Read More »