This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies Find out more here
HCMC – More investors from the U.S. are expected to enter Vietnam’s service sector after the year 2012 when the Trans-Pacific Partnership (TPP) agreement is concluded, giving stronger leverage to the local economy but also sparking tougher competition, experts said.
HCMC – Interest rates, both borrowing and lending, are no longer leashed under new moves by the Government to contain inflation, which means enterprises will have to face higher capital costs and have to rethink their expansion schemes.
Gold and the US dollar set record prices in Vietnamese market as they continued their dramatic surge on the street this morning.
In its regular meeting for October 2010 on November 6, the government gave top priority to curbing inflation, stabilising macro-economy, tightening price control, and strictly punishing all price-relating violations. The government also gave comments on the draft strategy on national loans and payment...
The Vietnamese government has enacted Decree 107/2010/ND-CP and Decree 108/2010/CN-CP regulating minimum salary hikes for laborers working at foreign-invested enterprises (FIEs) in Vietnam and domestic state-run and private businesses.
Vietnam will not take any moves to depreciate the Vietnamese dong against US dollar until Tet or February next year.
A tightening of monetary policies looks likely as the consumer price index continued its steep trajectory. The index (CPI) in October rose 1.05 per cent against the previous month, or 7.58 per cent compared with December 2009, according to the General Statistics Office (GSO).
State President Nguyen Minh Triet and Russian President Medvedev, during their talks this morning in Hanoi, exchanged views on a wide range of bilateral, regional and international issues of common concern.
Vietnam’s total investments for development projects are forecast to rise 12.9% on year to VND800 trillion ($41.02 billion) this year and account for 41% of the country’s gross domestic product (GDP) in 2010.
The two new plants in the United States and Vietnam will each create 600 new jobs, and employ about 1,000 people during construction.
HCMC – Several experts at a seminar in HCMC on Thursday called participants’ attention to the opportunities in the aftermath of the global financial crisis, saying Vietnam is having good advantages to attract foreign direct investment in tough times.
HCMC –The Asian Development Bank (ADB) on Monday approved a US$108 million assistance package to upgrade rural roads and irrigation systems in some of Vietnam’s poorest areas.
