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The terraced fields of Sapa in Vietnam have been recognized as one of the world’s, and Asia’s seven most beautiful and magnificent, US-based Travel & Leisure magazine has announced.
The Vietnam International Fashion Fair 2009 will take place in Ho Chi Minh City from July 8-14.
The Government has asked ministries to advance funds for building a key road connecting seaports along the Thi Vai River in Ba Ria-Vung Tau Province pending capital from Government bonds for the project crucial for economic growth in the region.
Viet Nam could lose US$1.5 billion a year if the proposed port in central Khanh Hoa Province’s Van Phong Bay does not include wharves that can accommodate big ships, an official said.
A proposed deep-water port in central Vietnam could provide a boost for the country’s exporters as well as generate billions of dollars in income, a maritime expert has predicted.
The global economic downturn hasn’t appeared to have dented Vietnamese shoppers’ enthusiasm, with the retail sector posting year-on-year growth of 21% in the first five months of 2009.
Prime Minister Nguyen Tan Dung has recently approved building plans for provinces that border Cambodia. The plans aim to develop the area into a nationally important economic region by 2020, and the world by 2030.
The Vietnamese economy has seen positive developments in the first six months of this year through the encouraging macro-economic indexes such as GDP growth rate, industrial production value growth, service growth and export-import balance. However, we should not be complacent with the results because...
Hundreds of billions of US dollars in stimulus have not yet been effective, National Finance Supervision Committee vice chairman Le Xuan Nghia told a finance crisis workshop in Ha Noi on Monday (29 June 2009).
A new telecom service provider will debut this month and two more have received licenses, making the competition in Vietnam, which already has six players, even more severe.
The Deputy Chairman of Vietnam’s National Finance Supervision Committee expressed confidence that the Vietnamese banking system is sound and that individual banks can ably manage bad loans averaging three percent of the total.
The ministries of Finance and Industry and Trade have accepted proposals submitted by petrol and oil traders to increase their retail prices.
