May 24th, 2011, from The Wall Street Journal. HANOI—Vietnam’s consumer price index in May was up 19.78% from a year earlier, its biggest jump since December 2008, the General Statistics Office said Tuesday. But compared with April, the index was up 2.21%, a slowdown from the previous month’s pace. April prices were up 3.32% from … Read more
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