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CIEM warns Vietnamese export enterprises’ competitiveness low
21/04/2011 05:00VietNamNet Bridge – Eighteen production sectors have been admitted to the “billion dollar club”, i.e, the club of sectors which have the annual export turnover of one billion dollar and more. However, the success proves to be unsustainable,...
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Vietnam's VPBank expects 57 pct jump in 2011 gross profit
21/04/2011 05:00Vietnam Prosperity Bank, 15 percent owned by Oversea-Chinese Banking Corp , expects its gross profit to jump 57 percent to VND1.04 trillion (US$50 million) this year. The Hanoi-based bank, also known as VPBank, has cut its...
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Garment products selling slowly - companies scaling down production
20/04/2011 05:00VietNamNet Bridge – The low demand for garment products in the context of the high inflation has forced garment producers and suppliers to narrow their production scale. Huong, one of the biggest fabric suppliers at Soai Kinh Lam and Tan Binh...
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Power investor gets a shock
20/04/2011 05:00Korean Teakwang Vina Industrial is getting a grilling over high costs, fuel supply and waste treatment for its $2.48 billion Nam Dinh 1 coal-fired power project. The Korean investor recently submitted a feasibility study for its 1,200 megawatt coal-fired power...
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Vietnam makes a big leap towards a power competitive market
20/04/2011 05:00VietNamNet Bridge – The government has decided that from June 1, 2011, the electricity pricing mechanism will go in accordance with the market rules. However, analysts have raised their doubts about the operation of an electricity competitive market. A...
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MOF plans to lower PIT on income from securities investments
20/04/2011 05:00VietNamNet Bridge – The Ministry of Finance is going to submit to the National Assembly the plan to reduce the personal income tax (PIT) imposed on the earnings from securities investments. Taxation does not please securities...
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BUSINESS IN BRIEF 20/4
19/04/2011 05:00Coffee exports likely to top US$2 billion Vietnam exported 600,000 tonnes of coffee in the first half of the 2010-2011 crop, earning US$1.1 billion. According to the Vietnam Coffee and Cocoa Association (Vicofa), coffee export turnover is likely to exceed US$2...
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