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[2011-07-01] State budget collection up nearly 23 percent

State budget collection up nearly 23 percent July, 01 2011 Total State budget collection in the first half of the year showed an increase of 22.8 percent over the same period last year, according to a report released on the second day of the 41st session of the National Assembly Standing Committee. The government reported that the budget amount rose to VND327.8 trillion (USD15.91 billion) while overspending dropped to VND27.78 trillion (USD13.5 billion), the lowest level in comparison wi...
[2011-07-01] Too many required standards make Vietnam’s tra fish “caught in a net”

Too many required standards make Vietnam’s tra fish “caught in a net” July, 01 2011 VietNamNet Bridge – Every import market sets up its required standards on the tra fish imports from Vietnam. The existence of too many standards has made Vietnamese enterprises confused. Nguyen Van Kich, Director of Hau Giang-based Cafatex, a seafood company, said that tra exports to the EU market must have HACCP (Hazard Analysis and Critical Control Points) certificate, while Japan and...
[2011-07-01] Minister reports increased growth

Minister reports increased growth July, 01 2011 HA NOI — In the first six months of this year, Viet Nam reported 14.3 per cent growth in industrial value compared with the same period last year, Vo Hong Phuc, Minister of Planning and Investment told members of the National Standing Committee in the capital city yesterday. By late June, total budget collection stood at VND327.82 trillion ($16 billion) - or 55.1 per cent of the estimated value for the year. Budget spending itself ...
[2011-06-30] Milk importers flaunt advertising regulations

Milk importers flaunt advertising regulations June, 30 2011 Milk importers Mead Johnson Nutrition Vietnam Ltd. Co. and Nestlé Vietnam Ltd.Co. have been rapped for exceeding their advertising and promotional spending caps by billions of dong in 2010. The information was released in a report issued by the Ministry of Finance. Under Ministry of Finance regulations, companies are allowed to spend a maximum of 10% of their revenue on advertising, marketing, promotion, conferences and r...
[2011-06-30] Stricter management of State spending sought to rein in debt

Stricter management of State spending sought to rein in debt June, 30 2011 HA NOI — The State in 2009 overspent by around VND114 trillion (US$5.5 billion), equivalent to 6.9 per cent of the country's GDP and within acceptable levels as set by the National Assembly. The results form part of a 2009 State budget report presented at the NA Standing Committee's 41th session, chaired by Party General Secretary and National Assembly Chairman Nguyen Phu Trong, held yesterday. Minister ...
[2011-06-29] Breakfast @ Tuoitrenews – June 29

Breakfast @ Tuoitrenews – June 29 June, 29 2011 Tuoitrenews briefs some of salient news published today, June 29, on Vietnamese media: Business: -- Vietnam Fisheries International Exhibition (Vietfish) Tuesday kicked off at the Saigon Exhibition/Fair Center in District 7 of Ho Chi Minh City, attracting more than 190 businesses from 15 countries, including Singapore, the Republic of Korea, Thailand, Japan and the US. The exhibition aims to showcase a wide range of products, machin...
[2011-06-29] Luxury golf project to be built inside HCM City's airport

Luxury golf project to be built inside HCM City's airport June, 29 2011 Ho Chi Minh City authorities have approved a 1/500 scale blueprint for a USD300-million golf course, luxury resort and housing complex in Tan Son Nhat International Airport. The project would cover 157 hectares, with 111 hectares earmarked for the golf course, with the remaining area set aside for a 5-star hotel, restaurants, lakes and building complex. Luxury villas and apartments for rent, high-class kindergartens ...
[2011-06-28] How to develop Vietnam’s marine culture?

How to develop Vietnam’s marine culture? June, 28 2011 VietNamNet Bridge – Culturist Tran Ngoc Them, said that the master of the sea must be the people. The army is just a part of them. If the army is capable to keep the sea but the people are incapable to explore the sea, Vietnam cannot master it. The national seminar on the culture of sea and islands was held recently during the Nha Trang Sea and Islands Festival 2011 in Nha Trang City, Khanh Hoa province. Prof. Dr. Tran Ngoc Th...
[2011-06-28] Thanh Hoa Citadel now World Heritage

Thanh Hoa Citadel now World Heritage June, 28 2011 HA NOI — UNESCO recognised the Ho Dynasty Citadel in the central province of Thanh Hoa as a World Cultural Heritage site yesterday. Located in the two communes of Vinh Tien and Vinh Long in Vinh Loc District, the citadel measures 870m by 883m and was built in 1397. The citadel's construction was supervised by the Tran dynasty's top mandarin, Ho Quy Ly, who later occupied the citadel when he forcibly took the throne in 1400, ch...
[2011-06-27] Death toll from storm Haima reaches 16

Death toll from storm Haima reaches 16 June, 27 2011 Tropical storm Haima, the second of its kind to hit Vietnam this season, left 16 dead, four missing and 63 injured by June 26, according to the Central Steering Committee for Flood and Storm Prevention and Control. Besides causing human losses, the storm, which brought heavy rains, submerged over 10,000 ha of rice and other food crops in northern and north central provinces. Right after flood waters receded, affected localities have ta...
[2011-06-27] State-owned giants go public quietly

State-owned giants go public quietly June, 27 2011 Many state-owned giant corporations still carried out their initial public offering (IPO) as scheduled this year despite the plunging stock market. However, most of them went public quietly, without making promotion packages for the sales. Vietnam Steel Corporation, the country’s biggest steel manufacturer, carried out an IPO on June 10th, selling nearly 10 percent stake. The auction is the largest IPO so far this year. The Hanoi-...
[2011-06-27] MOF determines to tax cars with diplomatic number plates

MOF determines to tax cars with diplomatic number plates June, 27 2011 VietNamNet Bridge – How to deal with the cases, where people exploit the preferences offered to diplomatic agencies to evade tax, is now a big headache to the Ministry of Finance. It is estimated that there are about 1200 cars, which were once the cars of diplomatic agencies, bearing diplomatic number plates, but have become normal cars. The cars have not been taxed, because there has been no regulation on the taxati...
[2011-06-25] Greek PM eyes new 110-billion-euro bailout

Greek PM eyes new 110-billion-euro bailout June, 25 2011 Greek Prime Minister George Papandreou said Friday he was negotiating a new bailout worth some 110 billion euros ($155 billion), as Europe entered a crucial 10-day period in the euro crisis. Greece is at the centre of a storm threatening financial markets, the unity of Europe's 17-nation currency area, the EU itself -- and Washington has warned it could even drag down the world economic recovery. "We are talking about a huge, huge...
[2011-06-25] Haima storm lashes north coast

Haima storm lashes north coast June, 25 2011 HA NOI — Heavy rain, brought along by the Haima storm, lashed north central regions yesterday, at least eight people dying or reported missing and another 81 injured. As of 1pm yesterday, the amount of recorded rain varied from 50 to 100mm, the highest amounts falling in Bai Thuong (158mm) and Yen Dinh (142mm) in Thanh Hoa Province. The eye of the storm approached the coastline between Hai Phong and Nam Dinh Provinces with wind speeds ...
[2011-06-25] Dollar rates to remain stable until year-end

Dollar rates to remain stable until year-end June, 25 2011 The US dollar-Vietnamese dong exchange rate is expected to hold steady to the end of this year, but ANZ and Standard Chartered banks anticipates a dong devaluation early next year. According to ANZ's report released on Wednesday, government efforts to stabilise the foreign exchange market and restore confidence in the dong were having a positive effect. The dong onshore trading rate has stabilised in the VND20,550-VND20,650 per U...
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