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[2011-10-06] Tourism and real estate giants to merge
Tourism and real estate giants to merge
October, 06 2011
Tourism player Vinpearl and property developer Vincom both owned by the Vingroup have received approval to merge to heighten the group’s competitiveness.
The Boards of Directors of the two companies held a meeting on October 4 to ratify their merger, which they believe will bolster their financial capacity, heighten brand awareness and expand their business and investment operations.
Following the merger, all of Vinpearl&... |
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[2011-10-05] Tax agency found withholding $69.2 mln
Tax agency found withholding $69.2 mln
October, 05 2011
Ho Chi Minh City’s District 1 Tax Sub-Department has been found not reporting VND1.44 trillion (US$69.2 million) of taxes to the state budget.
The finding came out after a recent inspection at the sub-department after the Ministry of Finance’s General Department of Taxation received accusations from some employees, Dan Tri Newswire reported.
According to the inspectors, from 2007 to July 2011, the sub-department coll... |
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[2011-10-05] Apple unveils updated iPhone, stock slips
Apple unveils updated iPhone, stock slips
October, 05 2011
Apple shares slipped on Wall Street on Tuesday as the California gadget-maker unveiled an updated version of the iPhone but not a transformative new model many had been expecting.
Apple's new chief executive Tim Cook, who replaced ailing founder Steve Jobs in August, presided over the launch of the iPhone 4S at Apple headquarters in Cupertino, California. The iPhone 4S features a speedier processor, a built-in "personal assistant... |
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[2011-10-04] Breakfast @ Tuoitrenews – Oct.04
Breakfast @ Tuoitrenews – Oct.04
October 4, 2011
Briefs of some of leading news stories published Tuesday (October 04) on Vietnamese media that will be carried today on Tuoitrenews.vn:
Politics:
Prime Minister Nguyen Tan Dung had a talk with his Uzbek counterpart Shavkat Mirziyoyev during his official visit to Uzbekistan to boost multi-faceted economic cooperation in trade, oil exploration, agriculture, fertilizer production, electronics, IT and telecommunications.
Yeste... |
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[2011-10-04] Euro falls below $1.32 on crisis, growth worries
Euro falls below $1.32 on crisis, growth worries
october, 04 2011
The euro sank below the $1.32 level on Monday as confidence in European growth and progress on the Greek crisis sagged.
At 2100 the euro was at its lowest level since January, $1.3178, compared to $1.3390 on late Friday. As stock markets also tumbled, gold meanwhile edged up to the $1,660-an-ounce level from $1,630. "The financial markets now are almost fully expecting a Greek default. But as yet it may not quite be priced in,... |
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[2011-10-03] Sirte exodus as Red Cross warns of medical emergency
Sirte exodus as Red Cross warns of medical emergency
October 03, 2011
Streams of civilians fled Moamer Kadhafi's besieged home town of Sirte as battles raged Sunday for control of the fugitive strongman's bastion where the Red Cross has warned of a medical emergency.
An AFP reporter at a mosque field hospital west of the city said hundreds of Sirte residents were fleeing in packed vehicles, with some people sitting on top of possessions piled high in the rear of pick-ups. "There are so m... |
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[2011-10-03] FDI helps anchor the economy in a storm
FDI helps anchor the economy in a storm
October, 03 2011
Rising net foreign direct investment will act as a foundation for a shaky local economy to anchor itself on firm ground.
Foreign investors last month disbursed $950 million in Vietnam, raising total net foreign direct investment (FDI) from January to September to $8.2 billion, up 2 per cent year-on-year.
In June and July, net FDI slightly declined 1.9 and 1.6 per cent on-year. It started to rebound in August 2011.
“FDI inflows... |
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[2011-09-30] State bank continues tightening ceiling interest rates
State bank continues tightening ceiling interest rates
September, 30 2011
The State Bank of Vietnam (SBV) on September 28 issued a new circular focusing on abuses by banks trying to apply deposit interest rates higher than the permitted ceiling level of 14% per annum.
Under Circular 30, the ceiling interest rate for dong deposits with no term or terms shorter than one month is 6%. The ceiling on deposits with a one-month term or longer remains unchanged at 14% per year.
People’s cr... |
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[2011-09-30] Story of land price in Vietnam
Story of land price in Vietnam
September, 30 2011
VietNamNet Bridge – Former Deputy Minister of Natural Resources and Environment, Dang Hung Vo, wrote about land price, a big issue in Vietnam.
Land price in the past Vietnamese say “an inch of soil is an inch of gold” or “land is invaluable”, meaning that it is unable to buy land. These sayings are correct, but it is important that they are spoken out in which circumstance. If we talk about economic values of l... |
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[2011-09-29] Vietnamese war films face battle for ratings
Vietnamese war films face battle for ratings
September, 29 2011
Vietnamese-produced war films are lacking in veracity and are too message-laden according to playwright Doan Minh Tuan.
According to Tuan, most of Vietnam’s war movies just simply recount battles in a boring way. Directors are unable to a produce major fight scenes which combine different aspects of the conflict due to budgetary constraints.
He also denounced the lack of attention to detail in costuming. “A Frenc... |
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[2011-09-29] Amazon launches iPad rival, the Kindle Fire
Amazon launches iPad rival, the Kindle Fire
September, 29 2011
US online retail giant Amazon launched a touchscreen tablet computer, the Kindle Fire, on Wednesday that costs $199, less than half the price of the cheapest iPad from market-leader Apple.
The Kindle Fire, which has a seven-inch (17.78-centimeter) screen, smaller than the iPad's 9.7 inches (24.6 cm), will ship in the United States on November 15 and could emerge as a strong rival to the Apple device. "Kindle Fire brings toget... |
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[2011-09-29] Motorcycle industry earns robust growth
Motorcycle industry earns robust growth
September, 29 2011
The local motorbike market this year has seen a boom for manufacturers and retailers despite the current economic uncertainty. In the first eight months of the year, Honda Vietnam sold around 1.32 million units, up 20% year-on-year, according to general director Koji Onishi of the leading motorcycle maker in the domestic market. However, it wasn’t only Honda but other manufacturers such as Yamaha Vietnam and SYM have also had... |
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[2011-09-28] Foreign contractors to prioritize local workers
Foreign contractors to prioritize local workers
September, 28 2011
Foreign contractors are now required to prioritize local workers for the jobs and positions for which they have adequate qualifications, the Ministry of Labor, War Invalids and Social Affairs has said.
In a directive sent to provinces, cities and relevant agencies across the country, Minister of Labor, War Invalids and Social Affairs Pham Thi Hai Chuyen said foreign contractors are required to include in their bidding ... |
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[2011-09-28] New talks step up efforts to head off Greek default
New talks step up efforts to head off Greek default
September, 28 2011
Germany and Greece held new crisis talks Tuesday as European governments ratcheted up steps to head off a default by Athens which could be calamitous for the eurozone.
German Chancellor Angela Merkel headed into a private working dinner with Greece's prime minister, George Papandreou, pledging "all the help required" as Athens implements tough austerity reforms. No information on the outcome of their discussions was im... |
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[2011-09-27] Government targets six percent growth
Government targets six percent growth
September, 27 2011
The Government will consistently work for the targets to continue curbing inflation, stabilizing the macro-economy, ensuring social security and maintaining a suitable economic growth rate at 6 percent.
Prime Minister Nguyen Tan Dung made this announcement at the closing session of the regular Government meeting on Sept. 25 and 26 in Hanoi to discuss socio-economic development in September and in the first nine months of this y... |
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