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Developers revise strategies to survive

Developers revise strategies to survive by Le Hung Vong The continued slump in the property market has forced real estate companies to change their mode of investments in order to survive. Hoang Anh – Gia Lai Property JSC, for example, has taken the lead by moving machinery and equipment to Myanmar for construction of a hotel-office building complex. Le Hung, ... Read More »

Fishing boats, docks cited by hygiene inspectors

Fishing boats, docks cited by hygiene inspectors HA NOI (VNS)— The regulatory scheme and performance of Vietnamese agencies in charge of ensuring the quality and safety of seafood at all administrative levels nationwide are in compliance with European Commission standards, according to the findings of a group of EU inspectors who visited the Vietnamese agencies last year. The National Agro-Forestry-Fisheries ... Read More »

Public housing needs official boost

Public housing needs official boost Villas for sale at the Phu My Hung area in HCM City. Priority should be given to perfecting institutions related to real estate development. — VNS Photo Viet Thanh HA NOI (VNS)— Priority should be given to perfecting institutions related to real estate development, said Deputy Prime Minister Hoang Trung Hai, who is also head ... Read More »

Property shares hit the ceiling, both indices up

Property shares hit the ceiling, both indices up HA NOI (VNS)- Both national stock indices rose this morning despite the fact that only one third of shares posted gains. On the HCM City Stock Exchange, rises in blue chips lifted the benchmark VN-Index, which closed this morning up 0.9 per cent to 481.97 points. The VN30 tracking the top 30 ... Read More »


Asia-Pacific exports expected to increase   Viet Nam’s exports to the Asia-Pacific region are forecast to see strong growth this year following a solid export performance last year despite economic difficulties. Last year exports to the Asia-Pacific region saw an increase of 21.3 per cent and an estimated turnover of US$57.3 billion, accounting for 50 per cent of the country’s ... Read More »

MOT propose to amend law to be able to sell ships as scrap iron

VietNamNet Bridge – The Ministry of Transport (MOT) believes that it would be better to demolish old ships and sell as scrap iron. However, the current laws don’t allow to do this. A report by MOT recently released showed that there are a lot of state owned and private ships berthed in Vietnam or foreign countries, which cannot be exploited ... Read More »

Trillions of dong ready to be pumped into stock market

VietNamNet Bridge – Stocks are now the choice of many investors in the context of the gloomy stock market, unclear gold market and stable dollar price. Trillions of dong are believed to be pumped into the stock market. A good beginning… The Vietnamese stock market witnessed a smooth opening trade session in the year of snake, February 18, with the ... Read More »

Banks report good news: they make lower profits

VietNamNet Bridge – Commercial banks have reported unsatisfactory business results for 2012 with profits down dramatically. However, the unsatisfactory business performance of the banking system turns out to be the “good news.”   The pretax profits reported by some banks in 2011 and 2012 After many consecutive years of making huge profits, commercial banks have, for the first time, reported ... Read More »

SOEs restructuring to be accelerated

Restructuring State-owned enterprises (SOEs) with a focus on groups and corporations is a priority of the Vietnamese Government in 2013, with the hope of directing the capital flow on the right track and improve the performance of this sector. By the end of 2012, 75 groups and corporations completed their restructuring projects, 45 of which received approval from competent authorities. ... Read More »

The ones who earn big money in economic crisis

VietNamNet Bridge – While tens of thousand of businesses went bankrupted, a lot of others still can earn big money with small scaled business. The benefits brought by crisis AppeRice, a rice burger chain, which started up its business five months ago, has had tens of shops on advantageous positions in HCM City. AppRice has invested one million dollars on ... Read More »