RoK power investors interested in Vietnam market

Date: 25/04/2009

Vietnam tops the list of electricity markets that the Republic of Korea (RoK) investors are interested in, a recent survey conducted by the RoK Electric Association said.

New business association makes debut

Date: 25/04/2009

The Vietnam Association of Small and Medium Industrial Enterprises (VASMIE) made its official debut in Hanoi on November 23.

Work starts on country’s largest steel complex

Date: 25/04/2009

A joint venture between Vietnam Shipbuilding Industry Group (Vinashin) and Malaysia ’s Lion Group on Nov. 23 kicked off construction of a $9.8 billion steel complex in central Ninh Thuan province.

PM launches Phu Quoc island airport project

Date: 25/04/2009

Prime Minister Nguyen Tan Dung attended a ground-breaking ceremony for an international airport project on the Phu Quoc island district in the southern province of Kien Giang on November 23 to make the resort island a national tourist and commercial hub.

Flexible adjustments of macro economic policies

Date: 25/04/2009

In recent months, Vietnam’s macro economy has been improved markedly. Inflation and trade deficit has been lowered, liquidity of the domestic banking system has also been better. However, the spreading global financial crisis and economic recession has had negative impacts on Vietnam’s efforts...

Nike stops placing shoes orders

Date: 25/04/2009

Nike, the US’s leading supplier of sporting equipments and garment, announced that it will stop placing additional orders at Samho Vietnam-a footwear manufacturing plant in Cu Chi district, Ho Chi Minh City in the next 6-12 months.

USD 1.4 billion of FDI disbursed in first quarter

Date: 25/04/2009

The Foreign Investment Agency under the Ministry of Planning and Investment has received feedback from 29 cities and provinces on the disbursement of capital in the first quarter of 2009.

Vietnam seeks $12 bln for infrastructure projects

Date: 25/04/2009

The Vietnamese Ministry of Planning and Investment has announced a list of more than 60 urban infrastructure projects, calling on an estimated 12 billion U.S. dollars of investment in the period of 2009 and 2016.

Purchasing power low, imports decreasing sharply

Date: 25/04/2009

Most consumer import products have seen sharp decreases recently, with some products decreasing by 90% in comparison with imports during the first quarter of 2008. Unlike previous years, imports have been sharply decreasing by 50-90% instead of increasing to prepare for the high Christmas and New Year...

MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort

Date: 25/04/2009

MGM MIRAGE (NYSE:MGM) and Asian Coast Development Ltd. (ACDL) announced on November 18 plans to develop the MGM Grand Ho Tram - Vietnam’s first "Las Vegas style" integrated resort. ACDL will own and finance the project, and MGM MIRAGE will provide development assistance, brand equity and operate the...

Gov’t refuses to delay new tax on securities

Date: 25/04/2009

The Government has no intention to delay the imposition of new income and capital gains taxes on securities beginning January 1, Vu Van Truong, head of the Ministry of Finance’s taxation policy department, has said.

Property buyers wait for prices to fall further

Date: 25/04/2009

The HCM City real- estate market could not recover this year as buyers were waiting for prices to fall further and were unable to get loans to buy property, according to some experts.

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