English | 中文版 |  Русский

Breaking News:

vietnam

editor picks 

Editor PicksView All

vietnam

7,000 Vietnamese SMEs Bankrupt Amid Global Crisis

A report done by the Vietnam Chamber of Commerce and Industry shows that over 7,000 small and medium enterprises (SMEs) have been dissolved while another 3,000 businesses have halted production.

A report done by the Vietnam Chamber of Commerce and Industry shows that over 7,000 small and medium enterprises (SMEs) have been dissolved while another 3,000 businesses have halted production. Vietnman now has 349,309 enterprises with a total of registered capital of up to VND1.4 trillion (US$84.1 billion). 95 percent of these registered enterprises are SMEs. The SME's limited capabilities in technology, corporate governance, capital and access to markets make them vulnerable during economic downturns. The Vietnam SME association warned that the situation will be worse if businesses cannot access bank loans, with 20 percent of businesses being on the verge of bankruptcy.

read source article

editor picks 

Other Important News In Vietnam


Vietnam farmers fall to bauxite bulldozers

By Tran Dinh Thanh Lam - A plan to mine bauxite deposits in Vietnam's Central Highlands, and whose opponents include famed general Vo Nguyen Giap, has provoked dissent even in the companies involved while already tearing up the livelihoods of tea and coffee farmers in nearby towns.

By Tran Dinh Thanh Lam - A plan to mine bauxite deposits in Vietnam's Central Highlands, and whose opponents include famed general Vo Nguyen Giap, has provoked dissent even in the companies involved while already tearing up the livelihoods of tea and coffee farmers in nearby towns.

read source article

Northern Vietnam's IZs and EPZs Draw More Investment

Vietnam's northern industrial zones (IZs) and export processing zones (EPZs) attracted more than $2 billion in investment from foreign investors on the first day of a two-day investment promotion conference that started on March 26 in northern Bac Ninh province.

Vietnam's northern industrial zones (IZs) and export processing zones (EPZs) attracted more than $2 billion in investment from foreign investors on the first day of a two-day investment promotion conference that started on March 26 in northern Bac Ninh province. The conference brought together 700 local and foreign investors and provided them opportunities in northern industrial zones, export processing zones and economic zones. Foreign direct investment projects account for 17 percent of Vietnam's gross domestic product.

read source article

Vietnam Trade Surplus Hits Record $1.7b

Preliminary statistics from the General Statistics Office show that Vietnam reached a $1.7 billion trade surplus in the first quarter of the year, beating the previous highest trade surplus of $40 million in 1992.

Preliminary statistics from the General Statistics Office show that Vietnam reached a $1.7 billion trade surplus in the first quarter of the year, beating the previous highest trade surplus of $40 million in 1992. The record trade surplus is attributed to the impact of a sharp drop in imports due to the global economic downturn. The country spent only $11.8 billion on imports during the first quarter of 2009, a 45 percent decline over the same period last year Vietnam only saw a 2.4 percent increase year-on-year in exports, earning $13.5 billion. The slight increase in exports is attributed to the re-export of gold.

read source article

Vietnam: Hanoi's GDP Growth At 3-Year Record Low

Hanoi's GDP in the first quarter of the year reached VND 14,116.7 billion, a 3.1 percent increase over the same period last year.

Hanoi's GDP in the first quarter of the year reached VND 14,116.7 billion, a 3.1 percent increase over the same period last year. But this is still its lowest year-on-year first quarter increase compared to the growth rates of 11.2 percent and 10.9 percent in 2007 and 2008, respectively. This modest increase is attributed to the economic downturn, which affected the city's industrial production and exports.

read source article

7,000 Vietnamese SMEs Bankrupt Amid Global Crisis

A report done by the Vietnam Chamber of Commerce and Industry shows that over 7,000 small and medium enterprises (SMEs) have been dissolved while another 3,000 businesses have halted production.

A report done by the Vietnam Chamber of Commerce and Industry shows that over 7,000 small and medium enterprises (SMEs) have been dissolved while another 3,000 businesses have halted production. Vietnman now has 349,309 enterprises with a total of registered capital of up to VND1.4 trillion (US$84.1 billion). 95 percent of these registered enterprises are SMEs. The SME's limited capabilities in technology, corporate governance, capital and access to markets make them vulnerable during economic downturns. The Vietnam SME association warned that the situation will be worse if businesses cannot access bank loans, with 20 percent of businesses being on the verge of bankruptcy.

read source article

Vietnam To Build Multilateral Cooperation With Qatar

A recent three day visit by Vietnam's Prime Minister Nguyen Tan Dung to Qatar saw the two countries agreeing on implementing concrete measures to further strengthen cooperation.

A recent three day visit by Vietnam's Prime Minister Nguyen Tan Dung to Qatar saw the two countries agreeing on implementing concrete measures to further strengthen cooperation. These measures include establishing a legal framework for long-term and effective cooperation, establishing partnerships in energy and foodstuffs, and running a joint investment fund worth $1 billion to expand investments and finances. The leaders of the two countries also signed a series of agreements on double taxation avoidance, investment promotion and protection, aviation transport cooperation, and agriculture cooperation.

read source article

Vietnamese Banks Give $4.6 In Subsidized Loans

The State Bank of Viet Nam recently reported that as of February 20, over VND80 trillion ($4.6 billion) has been disbursed at the government-subsidized interest rate of 4 percent.

The State Bank of Viet Nam recently reported that as of February 20, over VND80 trillion ($4.6 billion) has been disbursed at the government-subsidized interest rate of 4 percent. The subsidy program aimed to reduce the price of goods, maintain production and create jobs. The program was viewed as an overall success. Commercial bank representatives are now more focused on ways to improve the policy and regulations and simplify borrowing procedures.

read source article

Vietnam To Lease Cambodian Land For Rice Crops

Vietnam, the second largest rice producer in the world, is planning on leasing Cambodian farmland to grow rice in areas close to the border.

Vietnam, the second largest rice producer in the world, is planning on leasing Cambodian farmland to grow rice in areas close to the border. The move aims to stop Cambodian rice smuggling to Vietnam by encouraging Vietnamese companies to lease land in Cambodia and allowing them to export rice to Vietnam. Cheang Orm, the governor of Svay Rieng province, which is situated near the Vietnamese border, said that 10,000 hectares of farmland is already set aside for leasing. But they are awaiting approval from the Interior Ministry, who issued instructions that no land on the border can be leased to a foreign country unless it has been demarcated with border markers.

read source article

State Bank of Viet Nam Tackles Downturn

The State Bank of Viet Nam (SBV) will encourage commercial banks to expand their credit programs by improving access and addressing problems of enterprises regarding debt repayment.

The State Bank of Viet Nam (SBV) will encourage commercial banks to expand their credit programs by improving access and addressing problems of enterprises regarding debt repayment. The SBV plans on using its monetary policies to manage interest rates, exchange rates and gold trading to encourage production and exports and foster macro-economic stability. It will also try to prevent speculation and illegal foreign currency trading. The SBV will try to negotiate with international to send official development assistance and other aid inflows to the country.

read source article

Vietnam: New Highways To Spur Economic Growth Along Mekong River

The Ministry of Transport said that several highways will be built this year in the Cuu Long (Mekong) Delta.

The Ministry of Transport said that several highways will be built this year in the Cuu Long (Mekong) Delta. They include a 27.3km road from Chau Doc to Tinh Bien in An Giang Province, a 57km road from Nam Can to Dat Mui in Ca Mau Province, and a 47km highway from Can Tho City to Vi Thanh Town. The ministry also sped up plans on work on other transport projects so that they can be completed this year, such as the construction of the HCM City-Trun Luong highway. All these projects were included in a program to improve transport infrastructure in the Mekong Delta between 2006 and 2010 to help promote socio-economic development.

read source article