Inflation hits a record high in Vietnam
Inflation rates have reached a frightening level in Vietnam after extra currency flooded the market causing the domestic demand to shoot up. The devaluation of the Dong (national currency of Vietnam) did not help either. The current inflation rate in...
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Hanoi Real Estate Market Trend in 2011
Housing prices in Hanoi will still rise in 2011 and the rate of returns will remain attractive. However, the property market needs an official forecasting channel to put an end to ‘price blowing’ and sentiment-driven investment, according to many real...
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Ha Long Bay ranks 6th among top 10 sailing cruises
Vietnam’s world heritage Ha Long Bay in the northern province of Quang Ninh ranks sixth among the world’s top ten destinations for sailing cruises by the US’s National Geographic book Journeys of a Lifetime. The book wrote “Ha Long Bay,...
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The Asian currencies increased at once in the week
Yuan rose 0.4% to 6.6270 Yuan/USD. Hong Kong announced that would set up a fund to guarantee the supply of Yuan for activities pay joint borders. Yuan rose 0.4% to 6.6270 Yuan/USD. Hong Kong announced that would set up...
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Son La hydro power plant starts operation
Southeast Asia’s largest hydroelectric power station has begun operating to help ease an electricity shortage in fast-growing Vietnam, an official said Monday. The first of six turbines at the Son La station was connected to the national power grid on...
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Vietnam 2010 export reaches USD 71 billions
Exports are likely to be worth $71 billion this year, a 23 percent year-on-year rise, the Ministry of Industry and Trade’s Planning Department said. Thirteen of 35 export items saw prices increase — cashew was up 21 percent; tea, 11...
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Italy helps My Son World Heritage restoration
Findings on ancient Cham bricks and mortar have contributed to the restoration and conservation of My Son World Heritage. At a press briefing held in Hanoi on December 21, Italian Ambassador to Vietnam Enzo Angeloni said the result of the...
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Vietnam Securities – Reprieve for banks buoys markets
Shares rose in three out of five sessions last week on both national stock exchanges, extending overall gains on the HCM City Stock Exchange to four consecutive weeks. Banking shares led last week’s market rise, following a Government decision to...
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Vietnam Tourism targets Russia visitors
Despite Russia not yet being included in the list of Vietnam’s top 10 tourism markets, visitors from the East European country is still a promising market for Vietnam’s tourism industry, says deputy head of the Vietnam National Administration of Tourism...
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Petec prepares for the first IPO
Petec Trading and Investment Company will invest more in infrastructure and attempt to double its marketshare by 2015, the nation’s third largest petroleum distributor revealed on Thursday as it prepares for its initial public offerings on the HCM City Stock...
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