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[2011-11-10] Breakfast @ Tuoitrenews – Nov. 10

Breakfast @ Tuoitrenews – Nov. 10 November, 10 2011 Tuoitrenews briefs the most updated news published on Vietnamese media on November 10. Society: _ UNDP Country Director Setsuko Yamazaki said on Wednesday it ranked Vietnam’s Human Development Index (HDI) 128 out of 187 countries surveyed. The country’s HDI rose 11.8 percent between 1999 and 2008, in which income growth has contributed 55.7 percent to its growth, while improved life expectancy and education have co...
[2011-11-10] Asian countries cut rates amid global economic woe

Asian countries cut rates amid global economic woe November, 10 2011 Asian central banks have started slashing interest rates as the region's export-driven economies shudder at the prospect of a eurozone on the brink of catastrophe and a floundering US recovery. Booming Asia has for years propped up the global economy as it stumbled through bouts of debt crisis, and keeping growth rates bubbling even as western export markets shrink will be crucial. Central banks that at the start of the ...
[2011-11-10] Where does kieu hoi go to?

Where does kieu hoi go to? November, 10 2011 VietNamNet Bridge – Vietnam has successfully attracted big volumes of kieu hoi every year. However, it still has not succeeded in attracting the kieu hoi for the national economy development. Especially, no one can say for sure where the kieu hoi has been going to. There are about 400,000 Vietnamese people working overseas and about 4 million Viet Kieu (overseas Vietnamese) who have been settling in 100 foreign countries and territories. The ...
[2011-11-09] Breakfast @ Tuoitrenews – Nov. 9

Breakfast @ Tuoitrenews – Nov. 9 November, 09 2011 Tuoitrenews briefs the most updated news published on Vietnamese media on November 9. Politics: -- Ho Chi Minh City’s Foreign Affairs Office on Tuesday handed over an area at 3-5 Le Van Huu Street in District 1 to Germany government for a German house project in the city. -- The National Assembly on Tuesday adopted a resolution on the five-year socio-economic plan for the 2011-2015 period with 10 economic, eight social and ...
[2011-11-09] APEC saves $60 billion as transaction costs ease: study

APEC saves $60 billion as transaction costs ease: study November, 09 2011 Import and export costs in the Asia-Pacific region fell five percent between 2006 and 2010, resulting in savings of nearly $60 billion, a research paper said Tuesday. The decline offered a promising sign trade facilitation measures were bearing fruit and showed that further easing of barriers could help sustain the region's growth amid the shaky global economy, the research team's head said. The study carried out f...
[2011-11-09] State budget at the crossroads

State budget at the crossroads November, 09 2011 State budget allocation is hot on the National Assembly’s agenda. National Assembly Economic Committee deputy chairman Mai Xuan Hung sheds some light on the issue. The government showed strong determination towards reforming budget allocation, linking it closely to economic restructuring with priority given to key and focal projects. Is this reflected in 2012’s state budget plan? In my view, 2012 budget allocation plan the gove...
[2011-11-08] Mercedes-Benz dealer accused of deception

Mercedes-Benz dealer accused of deception November, 08 2011 Vietnam Star Automobile, an authorized retailer of German automaker Mercedes-Benz in Vietnam, has been accused of selling an old model car at the price of a new model one. Last January Nguyen Thi Kim Lan, director of Ho Chi Minh City-based Thien Thien Phu Co. Ltd, bought a Mercedes - Benz GLK 300 4Matic 2011 model from Vietnam Star at US$70,400. 2 months later, Lan registered the car and was stunned to learn from the registry that...
[2011-11-08] Provinces to set aside stock for Tet

Provinces to set aside stock for Tet November, 08 2011 Cities and provinces nationwide are set to reserve a significant volume of essential goods and foodstuff worth 2.64 trillion VND (126.5 million USD) to serve consumers during the upcoming Tet (Lunar New Year) Holiday under a price-stabilization program. An official of the Price Management Department under the Ministry of Finance (MoF) said on Nov. 3 that the figure is much higher than that of 950 billion VND (45.5 million USD) spent ...
[2011-11-08] Vietnam may reduce CIT to 20 percent by 2012 or 2013

Vietnam may reduce CIT to 20 percent by 2012 or 2013 November, 08 2011 VietNamNet Bridge – According to the Ministry of Planning and Investment, the total receipt of the state budget may reach 612 trillion dong in 2011, or 16.7 percent higher than the 2010’s estimates. The figure has surprised the public, because the tax collection increases in the time which is considered the most difficult period for businesses. Phung Quoc Hien, Chair of the National Assembly’s Finance and...
[2011-11-07] Crop-ruining snails go from being pest to prize

Crop-ruining snails go from being pest to prize November, 07 2011 The golden apple snail, a crop pest that Vietnamese used to treat as a sworn enemy, has now become a prized creature in the Mekong Delta since Chinese traders are offering high prices for it. This is causing unease in the agriculture sector, with people fearing that local farmers would be tempted into illegally raising the dangerous snails, Sai Gon Giai Phong newspaper reported. In Hau Giang Province’s Long My and Vi ...
[2011-11-07] Final push for new Greek government to save euro

Final push for new Greek government to save euro November, 07 2011 Greek political chiefs were scrambling to form a unity government, name a new prime minister and call early elections Monday as they struggled to escape a debt crisis under intense international pressure. The stricken eurozone member will name its new leader and cabinet by the end of the day after talks between outgoing Prime Minister George Papandreou and conservative opposition leader Antonis Samaras, a government spoke...
[2011-11-07] ACB surely wins the lawsuit, but it’s not sure it can recover debts

ACB surely wins the lawsuit, but it’s not sure it can recover debts November, 07 2011 VietNamNet Bridge – The HCM City People’s Court has made the verdict, forcing Indochina Airlines to pay the sum of 1.3 million dollars to the Asia Commercial Bank (ACB). However, the verdict does not mean that the case has been wrapped up. The sum of 1.3 million dollars include the principal of 1.19 million dollars and the interests that Indochina Airlines, the first private airline in Viet...
[2011-11-05] New direct air link between Vietnam and UK

New direct air link between Vietnam and UK November, 05 2011 Vietnam Airlines will conduct direct flights from Hanoi and Ho Chi Minh City to London as of December 8, 2011. This was announced by the British Embassy in Hanoi on November 3. Accordingly, Vietnam Airlines will have four flights a week in the immediate period on the direct air route, which is the fourth of its kind to one of majorities in Europe, aside from Paris, Frankfurt and Moscow. The airlines is expected to use Boeing 77...
[2011-11-05] Mercedes-Benz reports 3 per cent sales rise in October

Mercedes-Benz reports 3 per cent sales rise in October November, 05 2011 German carmaker Daimler said on Friday its Mercedes-Benz unit saw worldwide sales rise in October, powered by strong demand in the United States and China. Daimler said in a statement it sold a total 111,683 of its Mercedes-Benz and Smart cars worldwide last month, an increase of 3.1 per cent year-on-year. Mercedes' US sales rose by 23 per cent to 22,637 units and its sales in China also increased by 23 per cent to...
[2011-11-04] Breakfast @ Tuoitrenews – Nov. 4

Breakfast @ Tuoitrenews – Nov. 4 November,  04 2011 Politics -- The 80th session of the Interpol General Assembly closed Thursday in Hanoi. Representatives of the Interpol member countries reached common agreements on preventing terrorism, drug and human trafficking, corruption, and international and hi-tech crime during four days of meeting in the capital. -- State President Truong Tan Sang received Thursday Vyacheslav M. Lebedev, Chairman of Russia’s Supreme Court in ...
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