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Interest rates to stay at record highs in coming months
22/05/2011 05:00The local currency liquidity squeeze at banks has been relaxed in recent days on falling inter-bank interest rates, but lenders and experts see little chance of interest rates easing off their record highs in the coming months. A deputy general director of a joint-stock...
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Rubber exporters neglect domestic buyers
22/05/2011 05:00Viet Nam is now the world’s fourth leading latex rubber exporter, with exports last year totalling 780,000 tonnes and generating a record turnover of US$2.3 billion. With latex prices up by 82 per cent over the previous year, 2010 export turnover was nearly double 2009...
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Vietnam sugar companies seek VAT exemption
22/05/2011 05:00A worker packs sugar into bags at a local company The Vietnam Sugar Association has proposed a value-added tax exemption for locally produced sugar to help its members compete against cheaper smuggled products, news website VnExpress reported...
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Vietnam set to escape power cuts in June
22/05/2011 05:00There will be no power cuts in June around the country, the Ministry of Industry and Trade said The Ministry of Industry and Trade, for the third month in a row, ordered national utility Electricity of Vietnam not to rotate blackouts in June as...
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Customers snub city”s traditional markets
22/05/2011 05:00Many retail markets in HCM City are facing a sharp decrease in stall occupancy rates, causing financial problems for market managers. Citizens shop at Binh Tay Market in HCM City’s District 6. The number of...
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Vietnam orders foreign lenders to curb credit growth
22/05/2011 05:00Vietnam posted credit growth of more than 5 percent in the first four months The State Bank of Vietnam has banned foreign bank branches from setting credit growth targets of higher than 20 percent, persisting with a tight monetary policy to...
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Vietnam’s famous wine brands
21/05/2011 05:00Van village, Sapa’s tao meo (apple), Bau Da, Go Den wine have been famous throughout the country for their special tastes and characteristics. Let’s discover four famous wine brands in Vietnam with LookAtVietnam. Tao meo wine – Sapa’s essence Coming to...
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