The Hanoi Times - Vietnam doesn't just import cars from the US and beef from Argentina.Now it also imports apples and pears from South Korea and vegetables from Italy. That's a part of the explanation why the trade deficit has grown sharply in the last months of the year. Our appetite for imports has become our headache.Experts warn that as a consequence of the decision by the State Bank to resume gold imports in November, Vietnam's trade deficit for all of 2009 will be much higher than the $10.2 billion recorded for the year's first eleven months. Vietnam imports more cheese than China The French Lactalis International Group late last week officially appointed Hoang Lan, a HCMCity company as the distributor of its dairy, cheese and butter products in Vietnam.Hoang Lan's 'impressive achievement' is that in ten years of market development, Lactalis sells 500 to 600 tonnes of President brand cheese in Vietnam every year. The sales volume is the highest in Asia. Minh Sao, a company … [Read more...] about Where does the trade deficit come from?
Where does gold come from
Like several other central coast localities, Phu Yen possesses much potential for tourism development. The province is set to craft strategies to capitalise on this and turn tourism into a front-line economic sector. Here, Phu Yen province People's Committee chairman, Pham Dinh Cu, shines light on the province's next moves. Source: vir.com.vn * What does Phu Yen have to offer tourists? Phu Yen is home to a 200 kilometre stretch of coast - a terrain where sea, forest and plain areas converge, creating stunning landscapes, like Cu Mong and O Loan lagoons, the gulfs of Xuan Dai and Vung Ro and gorgeous beaches such as Bai Bang, Bai Rang, Bai Mon, Binh Hoa, Tu Nham, and Binh Sa. The harmonious blending of these areas has charmed innumerable visitors. The province is also well-known for its unique rock fields, like Ganh Do, Ganh Dua, Ganh Yen, and the ever-popular Ganh Da Dia (Da Dia Cliff), which is an unmatched venue luring throngs of local and … [Read more...] about Phu Yen’s Gold coast
Wins and losses on the gold exchange By Thanh Thuong in HCMC Khanh, a gold investor in HCMC, says that he is used to the noisy and busy atmosphere of the gold trading center at the Rose Cafeteria in Ky Hoa Hotel. For nearly a year, Khanh has been a regular customer of the coffee shop where most customers discuss and keep a close eye on Vietnam's online gold and stock charts on their laptops. After reaching VND20 million per tael on May 13, gold prices have continued to surge in recent days. Though price fluctuations are big opportunities for local gold investors, unexpected things always happen. "I invest small capital and gain small profits from the gold market," the investor says adding that he has become familiar with the sudden fluctuations of the gold price charts. He places at least 10 buy or sell orders everyday and pays around VND3 million for transaction fees. Like other investors, Khanh sells when gold prices are expected to decrease and buys at low prices, mostly following … [Read more...] about Wins and losses on the gold exchange
Oscar Pistorius has learnt from his Olympic experience at the London Games and will use it to his advantage at the Paralympics, the South African said on Tuesday. Photo: REUTERS The 25-year-old, who races wearing carbon fibre prosthetic blades after he was born without a fibula in both legs, became the first double amputee to run in the Olympics, where he made the 400 metres semi-finals. "I didn't have patience on the day. I should have been more patient," Pistorius told a news conference before the London Paralympic Games, which begin on Wednesday. "At the 250-metre mark I realised I had already dug quite deep. I've got used to the track and it's going to be the same passionate crowd, which I can hopefully use to my advantage." Pistorius is a four-times Paralympic gold medallist but does not rate his chances of retaining his 100m title despite staying in good shape after the Olympics and coming into the Paralympics in "great condition". "I'd love to defend my title. But I … [Read more...] about Pistorius aims to turn Olympic journey into Paralympic gold
Having come through what Dominic Scriven, chief executive of Dragon Capital, describes as “a stinking four years”, Vietnam is on the up. Vietnam is still competitive in soft commodities such as rice The Vietnamese stock market was the third-best performing in the world in the first quarter of 2012 and has seen increased activity, with daily trading volumes rising three to fourfold. Much of this comes from local investors, but foreign investors are also showing interest.The Templeton Frontier Markets fund has increased its Vietnamese allocation to 8.4 per cent, making Vietnam its fifth-largest geographic allocation, and many other frontier markets investors are following suit or thinking about doing so.“There are a lot more people coming through. We’re getting a lot more meetings offshore,” says Kevin Snowball, chief executive of PXP Vietnam Asset … [Read more...] about Vietnam emerges from a tough few years