Open to question
A panoramic view of Quang Ninh Province’s Ha Long Bay. Experts have called for improved services and preservation work as the UNESCO World Heritage Site gains further recognition as a natural...
View ArticleSavills exec foresees property market recovery next year
The long slump has caused a shakeout in the Vietnamese property market. Developers with deep pockets have been coping, others have not been so lucky. It is an inevitable rule in any market, Guy...
View ArticleVietnam's cement woes: surging supply but no demand
Many cement firms are deeply in the red after demand has plummeted due to the housing market slump while supply has soared because of the indiscriminate construction of several plants. Le Van Toi,...
View ArticleRice exports from Vietnam reach record on increased demand
Rice exports from Vietnam, the second-largest shipper, reached a record level, boosting supply at a time when floods and government policies may reduce flows from Thailand, the largest exporter....
View ArticleDairy firms asked to explain price increases
Vietnam authorities have asked four dairy firms to explain their price increases after some products were raised up to 18 percent. The companies will be subject to legal responsibility if their...
View ArticleCompany director gets contracts at gun point
Hoang Van Thiep (top left) and other members of a gang alleged of threaten other companies at gun point in order to get contracts to fill land and buy scrap materials at lower than market prices. The...
View ArticleGold firms struggle after central bank notice
File photo dated last year shows a man putting gold into a molding machine at the Sacombank gold bar factory in Ho Chi Minh City . All gold bar producers, except SJC, are expected to completely stop...
View ArticleVietnam to see further decline in home prices: report
Residential apartment buildings in Ho Chi Minh City's District 2 The housing markets in both Hanoi and Ho Chi Minh City will continue to see price falls in 2012 as cities across Asia-Pacific are...
View ArticleHigher domestic airfares a setback for travel agents
Travel agencies already struggling in difficult economic conditions will be hit hard by the latest hike in domestic airfares, industry insiders say. The agencies face both losses on tours already...
View ArticleVietnamese exporters feel the pinch as EU crisis deepens
The financial crisis in Europe and resultant weaker consumption is posing a great danger to Vietnamese exporters, many of whom have been heavily dependent on the market. Truong Thi Le Khanh, general...
View ArticleVietnam to allow free market pricing of power, fuel: finance ministry
Vietnam raised electricity prices by 5 percent last Tuesday The Ministry of Finance said prices of electricity, coal, fuel products and public services, which are heavily subsidized by the government,...
View ArticleUnfair fare
A motorbike taxi driver sits waiting for clients on a street in downtown Ho Chi Minh City. The latest adjustment of fuel prices has been disappointing for consumers. The Ministry of Finance recently...
View ArticlePrice cuts fail to enliven property market
 An apartment project in Hanoi. Many buyers in Vietnam are adopting a wait-and-see approach, hoping prices would slump further. Vietnam’s real estate market is in a funk so bad that several drops...
View ArticleDiscount sales woo inflation-weary shoppers
A clothes shop offers discount of 50 percent in Hanoi. Vietnamese consumers like to purchase products on sale, a survey has found. All major retailers have been offering attractive discounts to...
View ArticleVietnam power utility posts smaller loss than predicted
EVN targets a total electricity generation of 118.5 billion kilowatt-hours in 2012 State-owned utility Electricity of Vietnam has reported an estimated loss of VND3.5 trillion in 2011 (US$166.4...
View ArticleVietnam rice exporters face growing competition for low-end markets
Vietnam shipped 7.11 million tons of rice in 2011 Vietnam, the world’s second largest rice exporter, is set to face tough competition from other exporters who offer low-quality varieties at very...
View ArticleVietnam private sector squeezed by rising costs
 A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest...
View ArticleIran sends rare letter to US over killed scientist
Iran's President Mahmoud Ahmadinejad speaks with journalists at Tehran's Mehrabad airport after his visit to Latin American countries January 14, 2012. Iran said on Saturday it had evidence Washington...
View ArticleReal estate still promising for long-term investors
Ho Chi Minh City as seen from the rooftop of a downtown building. Property prices are expected to fall in the next six months. Developers are still pessimistic about market conditions but some...
View ArticleVietnam New Year shoppers defying central bank spurs inflation
Consumer demand for holiday goods and transportation will grow 10 percent from last year, according to a government forecast that urged authorities to monitor and stabilize prices. Asia’s fastest...
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