By NGUYEN PHAM MUOI Mar 11, 2011. From The Wall Street Journal. HANOI—Vietnam is cracking down on unauthorized trading in U.S. dollars in an effort to bolster the country’s dwindling foreign reserves and restore confidence in the local currency, the latest attempt to bring some stability to the Southeast Asian economy. Authorities in Hanoi said … Read more
Petroleos de Venezuela SA has agreed with state-run Vietnam Oil and Gas Group , or PetroVietnam , to join a project to upgrade the country’s sole refinery and to work together in selling refined oil products in the Asian market, the Vietnam News Agency reported Friday. The PetroVietnam – PDVSA refinery agreement is in line … Read more
According to the Vietnam’s seaport system development till 2020, the total demand for capital investment to develop is estimated at about 360,000 – 440,000 billion VND (18 – 22 billion USD); 70,000 – 100,000 billion VND for public infrastructures and 290,000 – 340,000 billion VND for berth infrastructures. This is a large capital need therefore … Read more
After a certain crisis-ridden period of time in Vietnam’s economy, there are indications that Vietnam’s economy is slowly escaping this difficulties whereas the other economies of the emerging countries in this area are affected by slowing growth of China. Recent statistics a certain growth in key economic indicators like export what leads to the conclusion … Read more
Domestic beverage brands in Vietnam face more and more competition with foreign invested companies; for example, the investment plans of the largest brewer worldwide, Anheuser – Busch InBev, to enter the Vietnamese market. Foreign enterprises have such strong economic and financial resources, they are often able to buy up most local enterprises and brands, which … Read more