Business

Vietnamese officials keep arguing about key industries
20/03/2013 11:05
Which industries are the key ones? Vietnam has decided that it needs to become an industrial country by 2020. And in order to become an industrial country, it needs to develop some priority industries which would serve as the driving force to help encourage the development of other...
FDI capital shows increase
19/03/2013 02:45
Japan remained the biggest investor with US$5.6 billion in newly registered and additional capital, accounting for 34.2% of total FDI investment capital in Viet Nam in 2012. Binh Duong Province still attracted the most FDI capital with US$2.8 billion, accounting for 17.1%. Ha Tinh Province...
EVN to mobilize extra power supply this dry season
19/03/2013 02:32
EVN is expected to mobilize an extra 1.113 billion kWh of power from fuel and diesel oil in order to stabilize supply during the dry season this year. Beside generating power from fuel and diesel oil, the group will also tap thermal and wind power sources. Electricity demand this year is...
Banks turn backs on property, shares to focus on key areas
18/03/2013 12:55
The survey of commercial banks' business trends, which was completed in January, showed that commercial banks' business plans conformed with monetary policies recommended by the National Assembly's Economic Committee for 2013. The recommendations said that monetary policies...
Vietnamese businesses spend much money on advertisements
18/03/2013 12:50
Marketing means advertisement? The Vietnamese ad market was estimated to have the value of $500 million in 2011. In the first half of 2012, a survey of Kantar Media found that Vietnamese businesses spent $370 million on TV ads. The same survey, while noting the sharp increase in the ads...
Vietnam’s insurance market receives more “big players”
17/03/2013 10:36
More players ...� In early 2013, Sun Life Financial from Canada made its official presence in Vietnam by becoming a partner in PVI Sun Life, a joint venture between the Canadian insurer and PetroVietnam Insurance (PVI). PVI is believed to have big advantages in non-life insurance with 21...
The bad debt panorama: hundreds of millions USD may be lost
17/03/2013 10:34
Most businesses are big debtors A report by the Steering Committee on Enterprise Renovation and Development of the government office showed that the loss incurred by state owned economic groups and general corporations in 2012 reached VND2,253 billion. Ten economic groups and general...