Business

Chinese village exports cheap labour abroad
08/02/2012 09:05
Xie Guolu proudly shows off the two-storey home he is having built in the small Chinese village of Lujiazhuang, paid for by money his son earns thousands of kilometres away in Algeria. Xie Guolu in the house in Lujiazhuang that he is building with money sent home by his son, who...
Decrease in import tax to lower retail price of gas
04/02/2012 01:32
Consumers are hard hit by current skyrocketing gas prices According to the association’s chairman, Nguyen Si Thang, the proposal is expected to assist in cooling down the domestic gas market, as well as give consumers some assistance amid the current skyrocketing gas...
PetroVietnam given presidential blessing
18/01/2012 09:16
Sang wished the group more successes in the new year by making the most of new opportunities and hoped it would become the country's leading economic group and reach out to the world. The group chairman Phung Dinh Thuc said it would continue cutting investment in its non-core...
Southeast Asia's largest iron mine to double investment
18/01/2012 09:11
As a result, the total investment will be increased to VND22.3 trillion (USD1.06 billion), while the earlier investment estimates were VND9.9 trillion (USD472.14 million). According to Ho Duc Binh, General Director of Thach Khe Iron Ore Joint Stock Company (TIC), the project’s...
Vietnam still seeks a way-out for state-owned groups
18/01/2012 09:09
SEG is an economic model that has been implemented in the state-owned sector since 2005. Under this model, companies that have relations in terms of capital or cooperation grouped up to create mega-companies that rule the entire industry in which the mega-companies operate in. SEGs play...
Lucky money hard to come by
18/01/2012 09:07
It is traditional for individuals and companies to give out small, new bills during Tet. But this year many banks have made the custom more difficult. An employee of one company in Ho Chi Minh City noted that, "Despite the fact that we have been asking the bank for the service, we have...
Foreign made home decoration products flooding domestic market
18/01/2012 09:05
� Foreign made products dominating the market “Most of the home decoration products are imported from foreign countries, especially from China. Therefore, the characteristics of Vietnamese culture blur,” Tran Viet Tien, Director of Gia Long Arts Company, noted. In...