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Category Archives: Business

World giants lead VN advertising

VietNamNet Bridge – Vietnamese advertising companies needed to be more professional with an improved attitude to customer services so they could compete with international firms. A Yamaha Viet Nam advertisement on a bus in Ha Noi. This opinion was voiced by Do Kim Dung, director of the Viet Nam Advertising Research and Training Institute. Viet Nam is considered a potential ... Read More »

Only 1/3 of golf courses break even or make profit

VietNamNet Bridge – Investors once rushed to pour their money into golf courses, believing that this was a gold mine to dig. But they may have changed their mind when seeing 2/3 of the operational golf courses taking loss. Normal 0 false false false MicrosoftInternetExplorer4 Golf courses get deserted in economic recession Nguyen Van Hao, Secretary General of the Vietnam ... Read More »

Vietnam supports Sri Lanka’s aquaculture development

A ceremony took place in Colombo on May 14 to launch a Vietnam-funded technical support project for Sri Lanka’s aquaculture development. The event was attended by Sri Lankan Deputy Minister of Fisheries and Aquatic Resources Sarath Kumara Gunaratne, National Aquaculture Development Authority of Sri Lanka (NAQDA) Chairman J. Chandrasoma, Vietnamese Ambassador to Sri Lanka Ton Sinh Thanh and Director of ... Read More »

Vietnam won’t reduce rice export price

VietNamNet Bridge – Rice importers have threatened to stop buying if Vietnam doesn’t reduce the selling price. But if Vietnam does this, its rice production would suffer, while it would fall from the position of the leading rice exporter. The Vietnam Food Association (VFA) collects the winter-spring crop rice at VND4,500 per kilo only, which is VND700 per kilo lower ... Read More »

Banks catch up with new technologies, services

As many as 500 local bank executives and IT senior experts gathered in Hanoi on May 15 at a seminar to get updated with the latest technologies that can enable them to compete strongly in the current fierce, fluctuating business environment. Experts said the year 2013 will see the negative impacts of the global economic crisis getting to the bottom ... Read More »

Incentives for foreign hi-tech firms spotlighted

A number of policies and measures to support foreign direct investment (FDI) firms working in hi-tech sector were introduced at an international workshop in Hanoi on May 15. The event was co-hosted by the Ministry of Science and Technology and the Association of Republic of Korea (RoK) Enterprises in Vietnam. Addressing the opening ceremony, Deputy Minister of Science and Technology ... Read More »

Vung Ro oil refinery insists on export tax incentives

VietNamNet Bridge – The Phu Yen provincial authorities have asked relevant ministries to propose the government to apply the zero percent export tariff to the petrochemical and sulphur products to be churned out by the Vung Ro oil refinery. Prior to that, similar preferences have been granted to the Nghi Son petrochemical project. The coast of Phu Yen. According to ... Read More »

Stock markets fail to retain gains

Shares reversed May 13’s gains to tumble on both national stock exchanges on May 14. Despite a few sessions of rallying due to reduced interest rates and the upcoming establishment of the nation’s asset management company, investors may start to follow the “sell in May and go away” strategy. According to HCM City Securities Co, the opening of the asset ... Read More »

Vietnam supports Si Lanka’s aquaculture development

A ceremony took place in Colombo on May 14 to launch a Vietnam-funded technical support project for Sri Lanka’s aquaculture development. The event was attended by Sri Lankan Deputy Minister of Fisheries and Aquatic Resources Sarath Kumara Gunaratne, National Aquaculture Development Authority of Sri Lanka (NAQDA) Chairman J. Chandrasoma, Vietnamese Ambassador to Sri Lanka Ton Sinh Thanh and Director of ... Read More »

BUSINESS IN BRIEF 15/5

Small banks look to make bigger waves Small banks are weighing up whether to hike their chartered capital to foster strength. But, whether their plans are feasible in the current context of market vulnerabilities remains an open question. The plan to hike its chartered capital from current VND3 trillion ($143 million) to VND3.7 trillion ($176 million) was once again submitted ... Read More »