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The International Monetary Fund’s (IMF) Hanoi-based senior resident representative in Vietnam, Benedict Bingham, told Bloomberg on January 12 that Vietnamese economy could reach a growth rate of 6 percent this year.
Singapore developer Keppel Land said it has entered into a joint venture with Vietnamese developers, Tien Phuoc and Tran Thai, through wholly-owned subsidiary Flemmington Investments to develop a waterfront residential township in Ho Chi Minh City’s prime District 2 area, according to an industry source....
Vietnam’s Petrolimex has sealed a one-year term purchase deal of fuel oil with Russian major LUKOIL, allowing it to skip its quarterly import tender for the first time in a year, traders said on Thursday.
Vietnam will work closely with other ASEAN member countries to fulfil its duties as the chair of the regional grouping in 2010, says Deputy Foreign Minister Dao Viet Trung.
In 2010 the government will continue to introduce solutions to maintain macro-economic stability and achieve a higher GDP growth rate than in 2008, says Prime Minister Nguyen Tan Dung.
Two-way trade between Vietnam and Egypt has remained steady over the past year despite numerous difficulties caused by the global economic crisis.
The 2009 economic decline forced 280 businesses in Ho Chi Minh City to lay off 53,000 workers and put another 16,000 on a part-time basis. Even though 80 percent of these people have found jobs again, the city’s unemployment rate remains at 5.45 percent.
Coffee ranked as the second agricultural export of Vietnam in 2009, according to the Vietnam Coffee and Cocoa Association.
The US-based Dot VN, Inc. on January 6 said that it will cooperate with Elliptical Mobile Solutions, LLC (EMS) to sell mobile data centres for customers in different industries throughout Vietnam and Asia.
A forum on ASEAN-China Free Trade Area (ACFTA) under the theme of “mutual beneficial, win-win cooperation” was held in Nanning city, Guangxi province, China on January 7.
Equitisation has created a dynamic management mechanism and added fresh impetus to developing State-owned enterprises (SoEs), enabling them to mobilize capital for production and business operations and raise their operational efficiency and competitive capacity during the integration process.
SK Telecom, Korea’s top mobile carrier, said Wednesday that it will halt investing in Vietnam, citing low profits and low subscription rates.
