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Vietnam fears millions of tons of rice unsalable on the world’s low demand
08/05/2013 07:45Cheap rice cannot find buyers A report of the Vietnam Food Association (VFA) showed that Vietnam exported 2.151 million tons of rice of different kinds in the first 4 months of the year, worth $942 million, an increase of 23.5 percent over the same period of the last year. By the end of...
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Belgian brewery manufacturer rouses Vietnamese enterprises from sleep
07/05/2013 03:37Reuters has quoted its sources as reporting that the biggest brewery manufacturer is moving ahead with its plan to march towards Vietnam the next year end. It plans to set up a factory there to conquer the biggest and fastest growing market in Asia. Nguyen Van Viet, Chair of the Vietnam...
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5-star hotels to take up Hanoi’s market
07/05/2013 03:33Dau tu has quoted the report of the Vietnam National Administration of Tourism (VNAT) as saying that 1.8 million foreign travelers came to Vietnam in the first 3 months of the year, a decrease of 6.2 percent in comparison with the same period of the last year. Meanwhile, according to...
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Central bank to stabilise gold market
06/05/2013 10:00Binh was speaking in an online Q&A session on May 5, responding to readers’ questions about the recent sharp fluctuations in gold prices and the central bank’s move to address the issue. Domestic gold prices tumbled dramatically from around VND45-46 million/tael to below the...
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How big is Vietnam’s public debt, $128.9 or $66.8 billion?
04/05/2013 03:02Foreign institutions say $128.9 billion, Vietnam says $66.8 billion Dr. Nguyen Trong Hau from Almammer University in Poland, citing the calculations of the UN experts, said that Vietnam’s total public debt has reached $128 billion in accordance with the international practice. The...
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Vietnam gets ready to receive Korean third investment wave
03/05/2013 01:49In July 2011, E-Mart, the biggest South East retail brand belonging to Shinsegae, signed a contract with Vietnamese U&I to set up a retail joint venture. The E-Mart Vietnam joint venture, which has 80 percent of investment capital from the South Korean partner, plans to open the first...
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Vietnamese businesses find it hard to break into “Myanmar gold mine”
27/04/2013 02:56Global investors now all eye Myanmar as the gold mine. Despite the global economic difficulties which force the investors to think twice when making outward investment, they still have been flocking to the gold mine. Tran Bac Ha, Chair of the Vietnamese investors in Myanmar, commented that...
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