Social News 19/10

Local news sites remain blocked Users remain blocked from the websites of Vietnamese newspapers with platforms hosted by the Vietnam Communications Corporation (VCCorp) since October 13. The newspapers include Thoi bao Kinh te Viet Nam (Vietnam Economic Times) at , Nguoi Lao Dong (Labourers) at and Gia Dinh Xa Hoi (Family and Society). Other company websites have the same … [Read more...]

Social Highlights for November 12

Lai Chau breaks up many drug trafficking ringsPolice forces in the northwestern province of Lai Chau have uncovered a number of drug trafficking rings and seized thousands of synthetic drugs.Since August 2013, local police have recovered more than 17,400 pills from four separate smuggling rings.Lai Chau Provincial Police Department Deputy Director Colonel Le Van Bay said most … [Read more...]

BUSINESS IN BRIEF 16/7

Ho Chi Minh City strives for 9.5 pct GDP growthHo Chi Minh City has set the targets of a 9.5 percent growth rate in gross domestic product (GDP) and annual GDP per capita at 4,000 USD for 2013.The southern economic hub will also strive to increase export turnover by 13.5 percent, mobilise 248.5 trillion VND in social development investment, and keep the yearly consumer price … [Read more...]

BUSINESS IN BRIEF 15/7

Settling VND40-70 trillion in bad debts to be difficult for VAMC: EconomistGovernor of the State Bank of Vietnam Nguyen Van Binh expected that Vietnam Assets Management Company (VAMC) would settle between VND40 trillion (USD142.8 million) and VND70 trillion (USD333.3 million) bad debt this year, but this may be a difficult task. This comment was made by senior Economist Le Xuan … [Read more...]

ART & ENTERTAINMENT IN BRIEF 11/7

Artisan inspires paper flower revivalThan Van Huy has trained 30 young girls in his village to make paper lotus flowers in an attempt to revive the traditional craft in Hue's Thanh Tien Village.Huy has used traditional techniques to make paper lotus flowers for seven years."The products are now standing firm in the market and I feel a need to train the younger generation in the … [Read more...]

BUSINESS IN BRIEF 3/7

Localities step up rice hoardingThe Mekong Delta province of Kien Giang is stepping up the hoarding of rice to fulfil its target of creating a stockpile of 85,000 tonnes this year.Seven local businesses have been directed by the Vietnam Food Association to purchase rice following the market mechanism to ensure farmers get profit and to stabilise the local rice market.To … [Read more...]

BUSINESS IN BRIEF 1/4

Sugar firms allowed exporting surplus inventoryThe Ministry of Industry and Trade has allowed domestic companies to export sugar with large volumes in an attempt to reduce the record high inventories of 450,000 tonnes.Since the beginning of the 2012-13 sugar crop, the Sugar and Sugar Cane Association has predicted that there would be a sugar surplus.Sugar is one of the … [Read more...]

BUSINESS IN BRIEF 17/7

Air conditioner sales rise 22pct in Jan-May: GfK VN Air conditioner (air cons) sales in Vietnam registered a 22 percent rise in the first five months of 2012 with nearly 76,000 more air con units snapped up by local consumers, said a recent report from GfK Vietnam. "It appears that consumers in Vietnam are now ready to loosen their purse strings once again following the … [Read more...]

BUSINESS IN BRIEF 16/5

Garment firms trying on locals for size Local sources are to meet local textile garment firms' material needs. Dinh Vu polyester fibre plant in northern Haiphong city's Dinh Vu Industrial Park, developed by Petrochemical and Textile Fibre Joint Stock Company (PVTEX), is one local firm to cash in as it made its first batches of polyester synthetic fibre, the first of its kind … [Read more...]

BUSINESS IN BRIEF 8/5

Brazil slaps anti-dumping lawsuit on Vietnamese steel The Brazilian Ministry of Development, Industry and Foreign Trade (MDIFT) has officially begun an anti-dumping investigation into rolled steel imported from Vietnam and some other countries. The Vietnam Competition Authority under the Ministry of Industry and Trade said Aperam Inox America do Sul, S.A. filed the lawsuit and … [Read more...]

BUSINESS IN BRIEF 7/12

Jeweller gets exclusive licence Gold bars issued by Saigon Jewelry Company Ltd (SJC)will be selected as the national gold brand upon satisfying some final requirements, State Bank of Viet Nam Governor Nguyen Van Binh told the National Assembly last week. The designation will allow SJC to stamp gold bars with the imprimatur of the State Bank, Binh said, giving SJC an exclusive … [Read more...]

SOCIETY IN BRIEF 6/12

France assists gastric cancer treatment France's Medical University, Hue Central Hospital and the French Embassy in Vietnam held a course on oesophageal and gastric cancer treatment in Thua Thien-Hue province on December 5. The course aimed to update knowledge and improve cancer treatment skills for doctors in central and provincial hospitals in both the central and Central … [Read more...]

Power company demands 300% price hike

The Hiep Phuoc Power Co., Ltd in Ho Chi Minh City is demanding a three-fold increase of the current power price by April 1 or else it will stop the supply of power.  Electricians check a power grid in Ho Chi Minh City (Photo: SGGP) Located in Nha Be District, the power company has officially informed enterprises in the Hiep Phuoc Industrial Zone that it will increase the power … [Read more...]

Few companies approve high-price power from Hiep Phuoc

Pham Hong Tien, manager of Operation Office of Hiep Phuoc Power Co., told the Daily on Tuesday that only 32 enterprises in the processing zone and the industrial park have agreed to pay between 15-17 U.S. cents a kilowatt-hour since early April. Hiep Phuoc Power Co. has threatened to idle the power plant as it cannot sell power at just five U.S. cents a kWh due to higher … [Read more...]

Paper industry expands capacity

The nation's paper industry rapidly expanded capacity during 2010, adding eight major new production facilities with a total capacity of 430,000 tonnes per year. Photo: tietkiemnangluong Tan Mai Joint Stock Co, meanwhile, built four new paper mills in the central and southern provinces of Quang Ngai, Lam Dong, Kon Tum and Dong Nai with a total cost of 6 trillion VND … [Read more...]

HCMC firm proposes 200% hike in power price

VietNamNet Bridge - Ho Chi Minh City's Hiep Phuoc Power Co., Ltd has proposed doubling the current power price to offset losses as a 15% hike starting next month is too low. Yesterday the City People's Committee and relevant agencies had a meeting with the firm about the shocking proposal. The 100% foreign-owned company, located in the city's Nha Be District, reiterated … [Read more...]

Facts & Figures

$350 million will be invested by South Korea's Woongjin Group to build an international school, a trade centre and apartments and offices for rent at the Thoi Hoa Industrial Zone in Binh Duong province. The project is expected to provide high-quality services to local businesses and individuals. $350 million is to come from the Ho Chi Minh City-based Hoa Lam Development … [Read more...]

Saigon Paper Starts US$50Mln Paper Mill in the South

The Sai Gon Paper Joint Stock Company or Saigon Paper is carrying out construction of My Xuan II Paper Mill with total investment of US$50 million in southern Ba Ria Vung Tau province, according to the Vietnam Pulp & Paper Association (VPPA). The mill, which has designed capacity of 225,000 tons a year, together with Dong An Paper Factory in northern Hung Yen province, will … [Read more...]

Cambodia welcomes Nhan Dan newspaper’s office

Nhan Dan (People) newspaper, the central organ of the Communist Party of Vietnam (CPV), launched its representative office in Cambodia on October 16. (Photo:VNA) Nhan Dan (People) newspaper, the central organ of the Communist Party of Vietnam (CPV), launched its representative office in Cambodia on October 16. The opening ceremony was attended by Cambodian Minister of … [Read more...]