The relocation of the Saigon Port out of urban area shall be completed in the 1st quarter of 2016. In relation to the work progress report of Saigon Port Company to the Ministry of Transportation of Vietnam on the progress of the relocation, from January 2014, the port has established a legal entity to carry … Read more
By NGUYEN PHAM MUOI Mar 11, 2011. From The Wall Street Journal. HANOI—Vietnam is cracking down on unauthorized trading in U.S. dollars in an effort to bolster the country’s dwindling foreign reserves and restore confidence in the local currency, the latest attempt to bring some stability to the Southeast Asian economy. Authorities in Hanoi said … Read more
The restructuring of the Vietnam economy in the period from 2011 to 2015 and orienting toward 2020 is focusing on three main issues: restructuring the system of credit institutions, state-owned company and public investment. Credit institutions: The focus task of restructuring the system of credit institutions is to strengthen the liquidity, fix bad debts and gradually … Read more
On May 30th 2014, Prime Minister Nguyen Tan Dzung had an interview with Bloomberg News (USA) on Vietnam social and economy in the first 05 months of 2014. According to him, Vietnam economy in 2013 grew by more than 5.4%. The situation of first 05 months in 2014 has been developing positively in accordance with … Read more
Korean Samsung Heavy Industry Company has been approved to buy 50% shares of a subsidiary of Vinashin Shipbuilding Corporation in Cam Ranh port. They are also considering for the purchase of Ha Long Shipbuilding Company’s shares. Samsung is one of the most successful shipbuilding companies in Korea. It is not the first Korean company pouring … Read more