Report Provides FDI-domestic Industrial Investment Comparison

Date: 05/10/2011

The figures were announced this month in a preliminary report over the results of a survey on last year’s investment into Vietnam’s industrial sector. The announcement was made by the Foreign Investment Agency, the General Statistical Office under the MPI and the United Nations Industrial Development...

Over 20% of HCMC’s area would be flooded when sea level rising 1 m

Date: 02/10/2011

Viipip.com - In 1st Oct, Institute of Meteorology, Hydrology and Environment (Ministry of Natural Resources and Environment) said it has completed a construction update scenario of climate change and sea level rise in Vietnam.

Socio-economic development focuses on three breakthroughs

Date: 01/10/2011

The five-year socio-economic development plan will focus on achieving breakthroughs three specific areas: completing institutions for a socialist-oriented market economy, training high quality human resources, and improving the transport system and urban infrastructure.

Vietnam urged to step up export of aqua-products, coffee to Germany

Date: 01/10/2011

Vietnam’s export sector holds great potential of meeting high German demand for quality aqua-products and coffee, said the State Secretary at Germany’s Federal Ministry of Food, Agriculture and Consumer Protection.

Cap of 6% imposed on interest rate of one-month deposits

Date: 01/10/2011

The State Bank of Vietnam on Wednesday (28 Sep) issued Circular No. 30/2011, stipulating a maximum interest rate of no more than 6% a year for call deposits or deposits in Vietnam dong with terms less than a month at credit institutions as well as branches of foreign banks effective from tomorrow.

Industrial park boom causes social and environmental problems

Date: 01/10/2011

Many cities and provinces in Vietnam have been racing to build industrial parks (IPs), ignoring land use and environmental issues.

Vietnam Jan-Sep basic macro-economy indices

Date: 01/10/2011

Tuoitrenews briefs some basic macro-economy indices of Vietnam in the first three quarters of this year, with data from the General Statistics Office.

Business in brief 30 Sep 2011

Date: 01/10/2011

(Sourced from various news agencies)

Vietcombank ratings unaffected after Mizuho’s acquisition: S&P

Date: 01/10/2011

Standard & Poor’s Ratings Services said that its ratings – BB-/Negative/B – on Bank for Foreign Trade of Vietnam (Vietcombank) are unchanged following the bank’s capital and business alliance with Mizuho Corporate Bank Ltd.

EVN says to part company with Hiep Phuoc over huge loss

Date: 27/09/2011

Vietnam Electricity Group (EVN) has threatened to break ties with Hiep Phuoc Power Company, saying it has incurred losses of over VND100 billion a month since buying electricity from Hiep Phuoc for consumers in the vicinity.

Enterprises voice complaints against local tax-customs agencies

Date: 27/09/2011

Representatives of many enterprises voiced their complaints to a leader of the Ministry of Finance about the problems over the inaccurate implementation of tax and customs policies in localities, resulting in difficulties in their production and business activities.

Tan Thuan EPZ focuses more on hi-tech sectors

Date: 27/09/2011

Tan Thuan Industrial Promotion Ltd Co., the developer of Tan Thuan Export Processing Zone (EPZ) in District 7, said on Saturday it would focus on attracting hi-tech industries and high-added-value producers in the future.

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