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Two major State-owned commercial banks have further cut lending interest rates to as low as 14 per cent per year, but many companies maintain that it is difficult to qualify for loans.
Domestic shipping enterprises have been hit hard by the global financial crisis, which has led to shipping costs falling by 30 to 70 per cent.
PXP Viet Nam Asset Management plans to start a hedge fund on the Vietnamese stock exchange early next year, said PXP co-founder Kevin Snowball at a press briefing marking the launch of the company’s third investment fund last week.
Real estate experts said that 2008 proves to be the strangest ever year so far as it has been witnessing the market decrease continuously. This is really quite different from previous years, when the prices rose up and up, and did not decrease.
The Central Institute of Economic Management (CIEM) on March 17 organised an international conference titled "Financial crisis and the role of investment" to seek and share experiences in countering with the global economic storm.
Viet Nam’s central region has seen many investment projects remain incomplete as investors fail to finish the work they started.
The Viet Nam National Oil and Gas Group (PetroVietnam) has long considered entering into regional co-operation by joining a trans-Asia gas pipeline, the chairman of its gas arm has said.
More than 10,000 foreign workers in HCM City are skilled labourers who can’t be replaced by local workers.
Commercial banks have hurried to slash their lending interest rates over the past few days, with the new record low of made on November 14 at 13.5% per annum.
A programme of decentralising control over local government budgets meets with success
The Vietnam Machinery Erection Corp. (LILAMA) on March 18 put into operation a large-scale shipyard in northern coastal Hai Phong city.
