Vietnam Breaking News
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ATMs, new targets of virus attacks
Some days ago, an ATM in HCM City was reportedly attacked by viruses which made transactions come to a standstill. Internet security experts have warned that ATMs have become the new targets for virus attack in Vietnam. Thai Nguyen Hoang Nha, Director of the Computing Centre of Dong A Bank, told Thoi bao Vi Tinh [...]
Vietnam proposes Free Trade Agreement with Customs Union
Vietnam has proposed the Free Trade Agreement with the Customs Union of Russia, Belarus and Kazakhstan, the country’s president Nguyen Minh Triet told reporters in the run- up to Dmitry Medvedev’s visit to Vietnam. He said the Agreement will bring economic and trade benefits to the parties. The President said that strategic relations between two [...]
Vietnamese goods secure firm foothold at home
Several supermarkets in HCM City have ensured that 90 percent of their goods are Vietnamese instead of imported after the campaign “Vietnamese people using Vietnamese goods” has been running for a year. Vietnamese goods now secure their own position in the local market and have won consumers’ trust. Businesses also see opportunities to develop their [...]
Mitsubishi to help Vietnam reduce energy consumption
Mitsubishi Corp. will conduct a feasibility study to help address global warming by popularizing energy-saving Japanese home appliances in Vietnam, it has been learned. Working in cooperation with five electric appliance makers, including Panasonic Corp. and Sharp Corp., Mitsubishi will verify how much carbon dioxide and other greenhouse gas emissions can be reduced through the [...]
“Luxury apartments” – a difficult choice for consumers
Limitations in the quality and management of “luxury apartments” projects in recent times have made many people wonder about buying these kinds of apartments. Vu Quoc Khanh, head of the technical department for the Song Da Thang Long Joint Stock Company said that several projects described as “luxury apartments” revealed technical problems. Some projects cannot [...]
WTO begins hearing on Vietnam’s shrimp lawsuit
A World Trade Organisation (WTO) panel on October 20 began a hearing on a lawsuit filed by Vietnam against the US imposition of anti-dumping tariffs on its shrimp. The panel includes three members appointed by WTO General Director Pascal Lamy in late July and responsible for assisting the WTO Dispute Settlement Body (DSB) in making [...]
Doing business in commercial centres not easy
Commercial centre is considered the trend of modern retail and it has developed rapidly in Vietnam. However, through the recent confusion cases between lessees and owners, doing business in commercial centre seems to be not easy for many businesses. To date, the case between lessees and management board of Kumho Asiana Plaza (district 1, Hochiminh [...]
VIC: to sell apartments at Royal City
Hoang Gia Real Estate Investment and Development JSC, an affiliate of Vincom JSC. (VIC) will start to sign contracts of selling and leasing apartments of the Royal City project from October 19. Hoang Gia Real Estate Investment and Development JSC, an affiliate of Vincom JSC. (VIC) will start to sign contracts of selling and leasing [...]
Crocodile breeders’ association to be set up in Vietnam
Crocodile breeders are lobbying management agencies for the establishment of a breeders’ association. Ton That Hung, Director of Hoa Ca Crocodile Company has sent a document to the Ministry of Agriculture and Rural Development (MARD), requesting to give the permission to set up the crocodile breeders’ association in 2010. It is estimated that 600,000 crocodiles [...]
Trading retail premises can bring huge profit
Many investors now rush to purchase retail premises, because this is considered a very profitable business: one dong in investment capital can bring four dong in profit. Previously, retail premises were leased only for short periods of time, two or three years. Tenants constantly faced risks, because the leasing fee could increase every two or [...]
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