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Budget supervision capacity project launched

Budget supervision capacity project launched HA NOI (VNS)– A US$2.5 million project to enhance the budget supervision capacity of Viet Nam’s elective agencies was launched yesterday. The project will be jointly run by the National Assembly’s Finance – Budget Committee and the United Nations Development Programme (UNDP). The three-year project will help deputies of the committee, the Ethnic Minority Council ... Read More »

Committees in charge of housing projects set up

Committees in charge of housing projects set up The People’s Committee of HCM City has recently established two committees at district and municipal levels in charge of the approval of future social housing projects.— Photo phapluattp.vn HCM CITY (VNS)– The People’s Committee of HCM City has recently established two committees at district and municipal levels in charge of the approval ... Read More »

The “cash king” and the multi-trillion dong takeover deals

VietNamNet Bridge – The current economic difficulties have brought the golden opportunities to the big tycoons to crush their quarries. Spending money to buy businesses The 2012 audited finance report of Masan Group (MSN) showed that MSN bought Hoa Muoi Gio (HMG) single member Company Ltd and used it as an instrument to buy 40 percent of the benefits of ... Read More »

CPI, inflation fears hit shares

The new trading week began bleakly on April 15, with stock indices dropping more than 2 percent following a whirlwind of negative predictions about the country’s rising consumer price index (CPI) and the subsequent threat of inflation. On the Ho Chi Minh Stock Exchange, the VN-Index dropped over 2.8 percent to 480.02 points. Only 39 listed shares managed to grow, ... Read More »

Income down, but banking sector remains hot

VietNamNet Bridge – Commercial banks continue recruiting more officers, and though the average income decreased in 2012, bank officers still had sky high monthly salaries, which were the dream of the workers in other business fields.   High pay for workers… Vietinbank has been leading the banking sector in the salaries it pays to its staff. In 2011, the bank’s ... Read More »

Foreign investment up 109 pct in Ho Chi Minh City

Foreign direct investment (FDI) in HCM City in the first quarter of the year rose by 109 percent compared to the same period last year, pointing to a positive trend that indicates investors feel more confident about the economy. According to the city’s Department of Planning and Investment, 78 FDI projects with a total investment of nearly 160 million USD ... Read More »

US businesses support Vietnam’s participation in TPP negotiations

Several major US companies have affirmed their support for Vietnam’s participation in TPP negotiations and committed to expand their operations and investment in the country. This was the outcome of meetings between Vietnamese Ambassador to the US Nguyen Quoc Cuong and leaders and businesses from the two US states of Kentucky and Ohio on April 10-12. The ambassador was joining ... Read More »

Trade with Switzerland grows 11 percent

Two-way trade between Vietnam and Switzerland rose 11 percent year on year, reaching 167 million USD during the first two months of this year, said Luong Manh Hung, Trade Counsellor at the Vietnamese Embassy in Switzerland. During the period, Vietnam exported 122 million USD worth of goods to Switzerland, 14 percent more than last year, while its imports hit 45 ... Read More »

Over 1.2 million EUR for reproductive health care of working women

The southern province of Dong Nai has received a project on providing reproductive health care for at least 16,000 women workers in Dong Nai and the neighbouring province of Binh Duong until 2015. The European Union will fund 80 percent of the project’s total budget of more than 1.2 million EUR, which was signed on April 15 between Marie Stopes ... Read More »

BUSINESS IN BRIEF 16/4

‘Brush up’ on US rules, firms told More than 100 business representatives took part in a seminar held in HCM City late last week to learn about export opportunities in the US and requirements of the US government’s Food and Drug Administration. During the seminar, American experts explained the US government’s regulations and requirements on exports and drugs, such as ... Read More »