HANOI—Vietnam trimmed its economic growth forecast and sharply raised inflation expectations, as the government battles to restore economic stability. The country is now targeting gross domestic product growth of 6.5% this year, from an initial target range of 7%-7.5%, Minister of Planning and Investment Vo Hong Phuc said Tuesday at an annual meeting of the … Read more
By JAMES HOOKWAY. May 16th, 2011 from The Wall Street Journal. Frustration over Vietnamese state-run shipbuilder Vinashin’s failure to repay loans it defaulted on last year is intensifying among creditors, potentially jeopardizing Vietnam’s plans to draw more investment to improve its infrastructure and reduce the bottlenecks that threaten its growth. The problems at Vinashin point … Read more
Peugeot has chosen Truong Hai Automobile Joint Stock Company (Thaco) to be the sole partner manufacturing and distributing Peugeot vehicles in Vietnam. In only few months, the cars branded Peugeot will present in Vietnam market in the form of authorized genuine. Accordingly, Thaco will begin the production and assembly of Peugeot vehicles in the form … Read more
UPS (NYSE: UPS) is the global leading group in logistics, UPS offers a wide range of solutions including the transportation of goods, making it smooth for international trade and the deployment of advanced technology to more effectively manage the business. UPS has become the first global express delivery company in Vietnam with 100% foreign ownership … Read more
Metro Group (Germany) has announced that it has come into an agreement with Berli Jucker Corporation (BJC) of Thailand on the transfer of the wholesale stores system in Vietnam. Particularly, BJC shall wholly take over the commercial operation of the Vietnam Metro Cash & Carry (MCC Vietnam), including 19 distribution centers and the portfolio of … Read more