(Updated: Today at 20:39 GMT-6)
4 Vietnamese seafood exporters cleared of dumping frozen catfish
The US’s Department of Commerce has announced four Vietnamese seafood exporters did not dump their frozen Tra ( a popular Vietnamese catfish) fillets on its market in the 2007-2008 period, according to the Vietnam Association of Seafood Exporters and Producers.
(Updated: Today at 20:19 GMT-6)
Furniture and handicrafts makers need help penetrating home market
VietNamNet Bridge – Since 2009, when the global economic crisis broke out on the world, Vietnam’s wooden furniture and fine handicrafts producers have turned their attention to the neglected home market. It’s got ‘lots of potential,’ they say. However, they have just scratched the surface, reports Saigon Tiep Thi, and sorely need some experts on distribution to help them out.
(Updated: Today at 05:22 GMT-6)
BUSINESSS IN BRIEF 15/3
Progress resumes on Taiwanese steel plant
(Updated: Today at 05:04 GMT-6)
Ford Vietnam may also have accelerator problems
VietNamNet Bridge – After Toyota, Ford Vietnam has also been accused of problems with its accelerator pedals. An enterprise owning five Ford Transits calls them “crazy cars” and has vocalized its complaints after only two years of use.
(Updated: Today at 04:58 GMT-6)
Standard Chartered Bank: Vietnam’s growth rate could be 6.7%
VietNamNet Bridge – Standard Chartered Bank’s latest report on the economy, maintains that Vietnam may obtain a 6.7 percent GDP growth rate in 2010, but also warns that the country must be wary of high inflation.
(Updated: Today at 04:39 GMT-6)
Lending interest rate now high, but will decrease
VietNamNet Bridge – Since the State Bank of Vietnam (SBV) bank loosened the credit valve through its decision to allow negotiated interest rates for medium and long-term loans, the lending interest rate jumped to 18 percent. Economic analysts believe that the rate will decrease and become more affordable for businesses.
(Updated: Today at 04:25 GMT-6)
Thirsty for capital, export companies miserable
VietNamNet Bridge – “We are facing out greatest-ever difficulty in accessing capital,” stated Intimex General Director Do Ha Nam, whose opinion is shared by most export companies at the export forum held on March 11.
(Updated: Today at 04:22 GMT-6)
Bank refuses to sell dollars to client
VietNamNet Bridge – With plans to go abroad on a business trip and visit relatives, Nhan arrived at Asia Commercial Bank (ACB) to purchase $7000, but was refused.
(Updated: Today at 04:06 GMT-6)
Salt imports ’not harming local sales’
VietNamNet Bridge – The fall in domestic salt prices that are hurting farmers badly has not been caused by imports that the government has allowed, says Nguyen Thanh Bien, Deputy Minister of Industry and Trade.
(Updated: Today at 03:40 GMT-6)
Looser credit reignites leverage buying
VietNamNet Bridge – Despite two modest declining sessions at mid-week which were regarded as a necessary correction, the VN-Index managed a gain of 3.53 per cent on the week to close at 531.51 points.
(Updated: Yesterday at 23:58 GMT-6)
Progress resumes on Taiwanese steel plant
VietNamNet Bridge – Taiwanese-invested Guang Lian Steel Viet Nam Co Ltd will resume construction this month on a multi-billion-dollar steel plant in the central province of Quang Ngai, the company's general director, Hsueh Hung Yi, said in a recent meeting with provincial authorities.
(Updated: Yesterday at 22:42 GMT-6)
Exports increase 0.1% in first two months
VietNamNet Bridge - Global economic recovery led to a slight increase in export earnings for the first two months of the year, Nguyen Thanh Bien, deputy Minister of Industry and Trade, said at a meeting in HCM City on Thursday.
(Updated: Yesterday at 22:40 GMT-6)
BUSINESS IN BRIEF 15/3
Pepper exports to hit 100,000 tonnes
(Updated: Yesterday at 22:39 GMT-6)
BUSINESS IN BRIEF 14/3
2010 Buon Ma Thuot Coffee Festival to kick off The Ministry of Culture, Sports and Tourism has agreed to a plan to organise the Buon Ma Thuot Coffee Festival in 2010 in the Central Highland province of Dak Lak.
(Updated: Yesterday at 22:37 GMT-6)
Developers launch Ha Noi housing projects
VietNamNet Bridge - Real estate developers have launched a number of new projects, signalling the return from a two-month hibernation of the city's real estate market.