Ministry of Construction to remove five administrative procedures

Date: 10/03/2010

Minister of Construction Nguyen Hong Quan has signed Decision No. 250/QD-BXD announced removal of five administrative procedures on application of standard construction for foreign construction activities in Vietnam, published in Decision No. 838/QD-BXD on August 12, 2009 the Minister announced construction...

Vn-Index will reach 620 points in 2010

Date: 10/03/2010

With the assumed average profit growth of listed firms on the floor HSX will reach the 10% for 2010 and the average PE of the market in 2010 was 17.8, securities companies predicted Vn-Index to reach 620 points in 2010.

"Viettel and VNPT will work together using common infrastructure for too high leasing price offered by EVN.

Date: 10/03/2010

The deadline that the Ministries of Industry and Trade, Finance, Information and Communication required VN Electricity Corporation (EVN) with telecommunications enterprises to have an agreement about leasing fee has moved from February 28th to a meeting approximately 1week later (day March 5th ).

Tourism operators, airlines discuss Chengdu–HCMC air route

Date: 10/03/2010

Tourism and airline representatives from HCMC and China’s Sichuan met on Monday at the Kim Do hotel in HCMC to discuss opening an air route that would link the two cities to promote tourism between both destinations.

Foreign direct investment (FDI): Declaring loss to avoid taxes

Date: 05/03/2010

Leaders of HCM City Department of Taxation has said, through a survey in 20 companies with capital of foreign direct investment (FDI), most companies have revenue from several dozen to several hundred billion dong per year, but in many years they have reported losses and still expanding production.

Recommendation to "import" foreign labor

Date: 05/03/2010

According to the information from EPZs and industrial zones’ employment center in HCMC, the two companies in the Tan Thuan EPZ, Dist. 7 has proposed to employ general worker from abroad.

Russia to become top importer of Vietnamese tra, basa fish

Date: 25/02/2010

Vietnamese tra and basa fish exports to Russia, which started in 2009, have risen steadily in recent months and are expected to fetch US$100 million in revenue in 2010, according to the Ministry of Agriculture and Rural Development.

Vietnam money: rates start easing on post-holiday liquidity

Date: 25/02/2010

Dollar and dong loan rates in Vietnam started falling on Monday thanks to improved liquidity following a week-long holiday as the central bank kept injecting cash into banks after a devaluation this month.

Investors get the nod for $4.9 bln Vietnam power project

Date: 25/02/2010

The government has granted permission to an alliance of three companies to build a US$4.9-billion power complex in the central Vietnamese province of Binh Thuan.

Titan targets top brand position in Vietnam

Date: 25/02/2010

Titan is going to make additional investments in Vietnam this year, the world’s fifth largest clock and watch maker said Sunday.

Gasoline prices go up for second time

Date: 25/02/2010

Fuel traders in Vietnam Sunday increased gasoline prices for the second time this year, saying that the move is to offset losses caused by high import prices.

Taiwans Formosa to build steel plant in Vietnam

Date: 23/02/2010

Formosa Plastics Group, one of Taiwan’s largest industrial conglomerates, said Monday it plans a stainless steel plant in Vietnam, with local media citing a budget of over three billion US dollars.

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