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Auto local content strategy is a bust

Finance Ministry inspectors have wrapped up their work at the plants of six automobile assembly plants.  They found that the localization strategy on which Vietnam has put high hopes has fallen far sh [ … ]

   

Petrol prices not likely to decrease due to expensive dollar

With world crude oil prices decreasing hopes were sparked of a domestic price decrease. However, petroleum importers and distributors say they don’t plan to cut prices at present.

   

China’s auto stimulus retained for 2010

China will extend stimulus measures in the automobile industry for one more year, with small adjustments, to further support the world's biggest and fastest-growing auto market.

   

With capital scarce, MOC aims to make fund-raising easier for property developers

A Ministry of Construction proposal could make it easier for real estate developers to mobilize capital but, some warn, it could also reduce transparency in Vietnam’s already opaque property markets.

[ … ]
   

Office owners planning to raise rents

Unlike the third quarter of the year, when office rents in Hanoi dropped significantly due to low demand, the forecast now sees a 5-7 percent increase in the fourth quarter thanks to the economic reco [ … ]
   

400 billion dong more to be ‘pumped’ to Indochina Airlines

The private air carrier Indochina Airlines has announced that it has successfully persuaded its shareholders to pour 400 billion dong more into the airline to resume flights, according to the Civil Av [ … ]
   

Indochina Airlines halt flights leaving passengers grounded

The news that private air carrier Indochina Airlines has halted flights has left booking agents fearing lost deposits while passengers fear for flights.

   

In turbulent era, some businesses find ways to escape exchange rate risks

The sharp dollar price increases have hurt a lot of businesses because they have to pay more for goods.  Others are immune from ‘dollar fever’ because they can negotiate payments in dong.
   

U.S. economic expansion to be moderate: Bernanke

The U.S. economy is likely to expand moderately, Federal Reserve Chairman Ben Bernanke said on Monday.

   

Rice traders vow to keep rice prices stable

Rice prices in HCMC have also inched up by 10% to 20% in recent days.Domestic food traders and retailers have pledged to stabilize rice prices in the country in the rest of the year although a price fever has been said to hit the rice market, with prices in the country [ … ]
   

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