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[2011-12-02] Vietnam still fumbles in the fight against counterfeit goods
Vietnam still fumbles in the fight against counterfeit goods
December, 02 2011
VietNamNet Bridge – Nearly all the high quality products which have high sales have been counterfeited. Businesses have lost billions of dong because of the counterfeit goods, while state management agencies still fumble in the fight against counterfeiters.
When counterfeit goods look more beautiful than real goods Nguyen Huu Vinh, Deputy Personnel and Administration Division of LG Vina, the owner of cosmetic... |
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[2011-12-01] Despite bad news, bank shares remain “king shares”
Despite bad news, bank shares remain “king shares”
December, 01 2011
VietNamNet Bridge – Foreign investors are selling bank shares in large quantities. Banks are about to undergo a bank restructuring process initiated by the State Bank of Vietnam. All that factors make people think that bank shares are losing their attractiveness. But things are quite different in reality.
It seems quite a surprise that bank share still stay safe from the bad news. However, many strange thin... |
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[2011-12-01] BUSINESS IN BRIEF 1/12
BUSINESS IN BRIEF 1/12
December, 01 2011
Paper makers face challenges Viet Nam's paper industry would aim to meet 70 per cent of domestic consumption demand by 2020, according to its development plan. However, the industry would face many challenges in reaching this target, in particular a lack of material, capital and technology. Experts said that the industry should assert more control over the licensing of paper factories and should manage investments more efficiently during th... |
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[2011-11-30] Mixed information makes it difficult to give predictions for 2012
Mixed information makes it difficult to give predictions for 2012
Thứ tư, 30/11/2011
VietNamNet Bridge – The basic economic indicators of Vietnam are much worse than that of other economies, though Vietnam and the other economies are in the same international context. The difficulties which exist in 2011 would repeat in 2012, and they would be even worse, economists have warned.
High inflation Tran Dinh Thien, Head of the Vietnam Economics Institute, said at the workshop on the pros... |
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[2011-11-29] Breakfast @ Tuoitrenews – Nov.29
Breakfast @ Tuoitrenews – Nov.29
November, 29 2011
Briefs of some of leading news stories published Tuesday (November 29) in Tuoi Tre Newspaper that will be carried today on Tuoitrenews.vn:
Politics:
-- Vietnamese authorities have reported that they have been spending public budget for the management of Hoang Sa (Paracel) island district of the central city Da Nang, including the collection of images and historical documents and exhibiting them to the public. PM Nguyen Tan Dung... |
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[2011-11-29] Listed companies considering leaving the stock market
Listed companies considering leaving the stock market
November, 29 2011
VietNamNet Bridge – A lot of listed companies are considering quitting the stock market since they see the assets decreasing dramatically in accordance with the share price decreases. Also, they fear that their companies would be acquired one day.
Masan-VCF deal – a big lesson In September 2011, the members of the board of directors of Vinacafe Bien Hoa (VCF – HCM City Stock Exchange HOSE) started at th... |
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[2011-11-28] Jan-Nov export tops $87 billion
Jan-Nov export tops $87 billion
November, 28 2011
Vietnam’s total export turnover in the year to November rose by 34.7 percent year-on-year to reach US$87.1 billion, the General Customs Department reported. The domestic economic sector accounted for $37.81 billion of the total turnover and the FDI sector, $49.35 billion. Most of the country’s export staples saw an increase in turnover. Textiles and garments, which brought home $1.2 billion in the 11-month period, remained t... |
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[2011-11-28] Goldsmith companies want to share SJC national brand
Goldsmith companies want to share SJC national brand
November, 28 2011
VietNamNet Bridge – The decision by the central bank to use SJC as the national gold brand has been applauded by bullion gold manufacturers. However, they have proposed to share the brand.
As forecast, Governor of the State Bank of Vietnam on November 25, said at the National Assembly’s session that the State Bank has the exclusive right of producing bullion gold, and that the central bank uses SJC as the natio... |
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[2011-11-26] Tra processing factories thirsty for materials, workers scramble for jobs
Tra processing factories thirsty for materials, workers scramble for jobs
November, 26 2011
VietNamNet Bridge – Seafood processing factories are seriously lacking materials, because of which they can only run at 70 percent of capacity.
“I return home soon today, no more works to do. If the current situation cannot be improved, I will not be able to earn money to celebrate Tet,” a worker complained at the entrance door to the Hung Vuong Chau Au seafood processing factory. Hu... |
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[2011-11-26] BUSINESS IN BRIEF 26/11
BUSINESS IN BRIEF 26/11
November, 26 2011
Three foreign currency regulations violators fined The State Bank of Vietnam yesterday imposed hefty fines on FPT University, Ngoc Long Gold Processing Co, and My Phuong Co for breaching violations on foreign currency management. Accordingly, Hanoi-based Ngoc Long Co was fine VND100 million for offending the regulation regarding trading and paying in foreign currency. The company also had the traded sum of US$12,195 confiscated. FPT University, a p... |
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[2011-11-24] Loss-making state-owned power group pays high wage
Loss-making state-owned power group pays high wage
November, 24 2011
Minister of Labor, War Invalids and Social Affairs Pham Thi Hai Chuyen said that officials of Electricity of Vietnam (EVN) Group should reconsider their statement that VND7 million ($350) wage is inadequate for living in cities.
On November 19, General Director of the EVN Group, Pham Le Viet Thanh, said that besides over VND10 trillion ($476 million) of loss in non-power business fields, which has been cut down to VND8 ... |
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[2011-11-24] World Bank predicts Vietnam's 6.1 per cent growth in 2012
World Bank predicts Vietnam's 6.1 per cent growth in 2012
November, 24 2011
The World Bank has predicted that Vietnam's gross domestic product will increase 6.1 per cent next year in its East Asia and Pacific Economic Update released on November 22.
It said the real GDP growth rate in the first half of 2011 was 5.6 per cent, and is expected to be around 5.8 per cent for the whole year. Monthly inflation slowed to around 1 per cent since June 2011 as stabilisation measures began to take eff... |
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[2011-11-23] Breakfast @ Tuoitrenews – Nov. 23
Breakfast @ Tuoitrenews – Nov. 23
November, 23/11/2011
Tuoitrenews briefs some of salient news published today, November 23, on Vietnamese media:
Society:
-- Nine taxi firms in Ho Chi Minh City will be inspected from December 5 – 12, Ministry of Transport announced on Tuesday.
-- A new species of fox has been found in Cuc Phuong National Park in northern Vietnam’s Ninh Binh province, according to the park’s experts.
-- Foul-mouthed traffic pol... |
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[2011-11-23] Step-by-step SOE divestment
Step-by-step SOE divestment
November, 23 2011
Divesting from non-core businesses should not be taken on an extensive scale, but aim at state-owned enterprises (SOEs) active in areas in which the state holds a monopoly.
National Assembly Finance and Budget Committee senior expert and Vicem deputy general director Nguyen Huu Quang tells why.Why should SOEs active in state monopolised areas be targeted only? State firms’ investment into non-core areas should be handled with discre... |
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[2011-11-22] Japan eyes relocating plants to Vietnam
Japan eyes relocating plants to Vietnam
November, 22 2011
Many Japanese firms are considering moving their plants to Vietnam, after devastating floods have damaged much of Thailand’s industrial infrastructure. The high risk of natural disaster and high labor cost in Japan itself, and in China, have also urged the businesses to revise their investment strategies, with relocating their manufacturing plants being the top priority, Sai Gon Tiep Thi newspaper reported. Than Thanh Vu, c... |
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