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There have been signs showing that people have been beginning to keep foreign currencies instead of VND, as the basic interest rate has been slashed to 11% per annum and is likely to decrease even further in the times to come in order to prevent deflation.
The impacts of the global downturn will be less serve in Viet Nam because of its low level of exposure to the global financial market and the country’s monetary policies adopted earlier this year, according to the European Chamber of Commerce (EuroCham) in Viet Nam.
Vietnam plans to pump 60 trillion VND (over 3.5 billion USD) into developing its seaport system, aiming to double its current cargo handling capacity to 250 million tonnes by 2010.
Vietnam now has 368 valid projects, capitalised at almost 4.4 billion USD being implemented in foreign countries, the Foreign Investment Department under the Ministry of Planning and Investment has announced.
The chief representative of the Japan International Cooperation Agency (JICA), Tsuno Motonori, confirmed that the capital will have its first metro route in 2014 at a press briefing announcing the signing of the agreement on Japanese ODA-funded projects in Vietnam in the 2008 fiscal year today.
Jetstar Pacific Airlines (JPA) has petitioned the Ministry of Transport to make a ruling on the case of the Vietnam Civil Aviation Administration (VCAA) denying to give the airline flight rights for ten international destinations. The airline said VCAA’s refusal was groundless and contrary to JPA’s...
The PM recently promised to strengthen the country’s copyright laws. Vice chairman of the Viet Nam Intellectual Property Association, Nghiem Quoc Bao, spoke with TBKTVN about the move.
Construction of the Ho Chi Minh City – Trung Luong expressway is behind schedule and could be temporarily halted due to lack of funds.
Scores of indolent Nghe An province real estate projects are in danger of having their licences revoked. Nghe An provincial People’s Committee recently carried out an investigation to dig up the truth as to why many projects were behind schedule in the central province.
Some 1,000 residents in the northern province of Hoa Binh have lost jobs, land and even access to roads, following the early 2007 opening of the Phuong Hoang (Phoenix) Golf course in Luong Son District’s Lam Son Commune.
An international exhibition on construction, building materials and furniture will be held from August 11th to 15th at the Giang Vo International Exhibition and Fair Centre in Hanoi.
The Russian capital of Moscow foresees greater economic co-operation with Ha Noi and HCM City, particularly among small-and medium-sized enterprises and in such sectors as education and training, culture and science, tourism, and infrastructure.
