Archive for October 22nd, 2005

Pharmacy law takes effect

22-Oct-2005 Intellasia | 21/Oct/2005 Saigon Times Daily page 2 | 9:12 AM

Effective as of 1 October 2005, the Pharmacy Law passed by the National Assembly on 14 June 2005 addresses many important issues in the pharmaceutical industry, including [...]
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SBV forex rates for October 21

22-Oct-2005 Intellasia | 21/Oct/2005 State Bank of Vietnam | 9:12 AM

Interbank rate: 1 US dollar = 15,862.00 dong State commercial bank rates: USD 15,900.00 sell 15,902.00 JPY buy 136.57 sell 138.77 EUR buy 19,048.91 sell [...]
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Finance sector requires US$319m for IT

22-Oct-2005 Intellasia | 21/Oct/2005 Saigon Times Daily page 1 | 9:12 AM

Vietnam’s finance sector will need 5.078 trillion dong (US$319 million) in 2006-2010 to apply information technology (IT) to its information management system in a [...]
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Ministry says to fix Land Law conundrums

22-Oct-2005 Intellasia | 21/Oct/2005 Thanh Nien | 9:11 AM

The Vietnamese Ministry of Natural Resources and Environment has promised businesses it will set right land-related ?violations? committed by local governments. At a meeting [...]
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No end to government meetings

22-Oct-2005 Intellasia | 21/Oct/2005 Saigon Times Daily page 1 | 9:11 AM

The National Assembly sitting on October 20 continued discussions on ways to bolster the country’s economic growth next year, with debates hitting a wide range of [...]
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Japan backs US$14m to make businesses info-tech savvy

22-Oct-2005 Intellasia | 21/Oct/2005 Vietnamnet | VNE | 9:10 AM

In the first phase in 2005-2007, the project will help small to medium enterprises develop their system and skills for IT capability. The Vietnam Japan Cooperation Group [...]
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Banks refuse to change cash for non-clients

22-Oct-2005 Intellasia | 21/Oct/2005 Tuoi Tre page 3 | 9:09 AM

Many individuals and businesses complained that many commercial banks had refused to exchange money for people who came to banks but only made change for their customers [...]
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Sub-licenses re-emerge to hassle businesses

22-Oct-2005 Intellasia | 21/Oct/2005 Thoi Bao Kinh Te Vietnam, page 2 | 9:08 AM

A conference held to discuss the increase in meddlesome sub-licensing by government agencies was held by prime minister Research Committee (PMTC), international organisations [...]
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GSO to broaden statistical reporting

22-Oct-2005 Intellasia | 21/Oct/2005 Saigon Times Daily page 2 | 9:08 AM

The General Statistical Office (GSO) has said social and economic indicators will be widened to better monitor how the country is progressing toward achieving its [...]
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Forex controls loosened

22-Oct-2005 Intellasia | 21/Oct/2005 Thoi Bao Kinh Te Vietnam page 3 | 9:07 AM

Government has issued Decree 131/2005/ND-CP on the management of foreign exchange on October 18 replacing the Decree 63/CP issued in 1999. Accordingly, forex payment and [...]
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EAB offers off new lending service

22-Oct-2005 Intellasia | 21/Oct/2005 Vietnam News page 16 | 9:07 AM

The East Asian Bank launched a new lending service on Tuesday, allowing clients to payoff loans in instalments. The new service targets individuals: households, and small and [...]
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VPBank plans to issue ATM cards

22-Oct-2005 Intellasia | 21/Oct/2005 Thi Truong page 3 | 9:06 AM

The Hanoi-based VPBank announced that it would officially issue automatic teller machine (ATM) cards in early 2006 with the aim at providing more utilities and conveniences [...]
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Growth lags neighbours in idyllic ?Socialist market economy?

22-Oct-2005 Intellasia | 21/Oct/2005 Thanh Nien | 9:06 AM

Vietnam should aim for rapid economic growth to catch up with neighbouring countries and wipe out poverty, legislators said during a discussion on the government?s economic [...]
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State budget over-dependent on crude oil

22-Oct-2005 Intellasia | 20/Oct/2005 Vietnamnet | 9:05 AM

Finance minister Nguyen Sinh Hung said half of the state budget revenue is derived from crude oil. According to Hung’s report made for the National Assembly, state budget [...]
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Poverty ODA fund to balance budget deficit

22-Oct-2005 Intellasia | 21/Oct/2005 Dau Tu page 1 | 9:04 AM

The government has agreed to allocate US$100 million derived from the official development assistance (ODA) of the poverty reduction programme 4 to balance the 2006 state [...]
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