Archive for February, 2005
First cable broadband service to start
Vietnam New Generation Telecom centre (VNGT) will officially inaugurate February 28 high-speed internet access via Hanoi Television’s cable television network, announced [...]
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Vinashin looks to US$1b ship export revenue by 2010
The deal for building two cargo ships with largest tonnage of 53,000 tonnes which was signed on February 16th is a landmark for the country’s developing shipbuilding [...]
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New general director takes helm at Cisco VN
Re-establishing its company in Vietnam last August, Cisco Systems Vietnam on February 23 officially hired its new general director. The new general director, Singaporean [...]
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US firms seek role as input providers
American businesses prefer to be input providers and not to be in competition with Vietnam, according to Miguel Pardo de Zelo, Commercial Counsellor of the US Embassy in [...]
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Development fund to raise US$410m via bonds
The Development Assistance Fundis planning to raise dong 6.5 dong through government bond issues this year DAF said February 25. The money is to be invested into large-scale [...]
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Tax bureaus to pay interest on late refunds
Tax bureaus late on reimbursing over paid taxes are required to pay interest on the refunded sums, said a senior tax official. Under prevailing regulations, tax bureaus are [...]
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Press conference held for start up of Hanoi Securities Trading Centre
A press conference has been held by the State Securities Commission (SSC)in Hanoi today, announcing the opening of Hanoi Securities Trading Centre (HSTC) and auctions of [...]
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CIEM forecasts 8% economic growth for 2005
The Central Institute for Economic Management (CIEM) has forecast an 8% GDP growth for Vietnam’s economy for 2005, while international institutions report less optimistic [...]
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HCM City posts 13.6% growth in industrial output
With the foreign-owned sector increasing 23.7% and the domestic up 10.1%, HCM City posted an industrial output growth of 13:6% in the first two months of this year. In [...]
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First two foreign firms to become joint stock
The Ministry of Planning and Investment has recently completed documentation on the transformation into joint stock companies of two foreign invested enterprises (FIEs) of [...]
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VIB raises US dollar deposit rates
Vietnam International Bank (VIBank) has recently applied new US dollar deposit interest rates at all transactions points of VIBank nationwide. Accordingly, US dollar deposit [...]
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SBV instructs loan suspension to water fowl breeders
Recently, the State Bank of Vietnam has asked commercial banks to temporarily suspend loans to farmers and agri-businesses breeding or raising water fowls. The period of the [...]
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Taiwan textile makers speed expansion into Vietnam
Taiwan’s textile manufacturers in Vietnam are expanding their production capacity there to meet the increasing orders as Vietnam will widely open its market after its [...]
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Da Nang IZs invest US$9.5m in expansion
To meet the increasing demand for space, industrial zones in the central city of Da Nang will expand by 750 hectares this year. The Da Nang IZ Infrastructure Development Co [...]
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VBL denies 1.5b dong cash prize
Vietnam Brewery Limited (VBL) Co has sent an official letter to the Ministry of Trade (MoT), the department of trade promotion and HCM City’s department of Trade, reporting [...]
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