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Archive for the ‘VIETNAM’ Category

VIETNAM EARMARKS $115M FOR GLOBAL WARMING

Posted by Gilmour Poincaree on January 15, 2009

13 Jan 2009, 1255 hrs IST

Associated Press

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

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Posted in AGRICULTURE, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GLOBAL WARMING, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, THE FLOW OF INVESTMENTS, VIETNAM | Leave a Comment »

GLOBAL TRENDS DRIVE ‘LAND GRAB’ – ACTIVISTS

Posted by Gilmour Poincaree on January 5, 2009

Monday, January 05, 2009

Agence France-Presse

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

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PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

Posted in AGRICULTURE, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOOD INDUSTRIES, FOREIGN POLICIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, MALAYSIA, PHILIPPINES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SOUTH KOREA, THE FLOW OF INVESTMENTS, THE UNITED NATIONS, VIETNAM | Leave a Comment »

THREE BOTTLENECKS PUNISH BUSINESSES – COMPLICATED ADMINISTRATIVE PROCEDURES, UNSKILLED LABOUR AND POOR INFRASTRUCTURE REMAIN THE THREE BIGGEST OBSTACLES FOR ENTERPRISES DOING BUSINESS THIS YEAR (Vietnam)

Posted by Gilmour Poincaree on December 30, 2008

16-12-2008

ANI

PUBLISHED BY ‘THE VIETNAM INVESTMENT REVIEW’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE VIETNAM INVESTMENT REVIEW’

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NATIONAL WORK FORCES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, VIETNAM | Leave a Comment »

GOLDEN FDI FLOWS AMID THE GLOOM – VIETNAM’S AUTHORITIES ARE UPBEAT ABOUT THE NATION’S GROWING FOREIGN DIRECT INVESTMENT CAPITAL ATTRACTIVENESS IN A TOUGH 2009 DESPITE THE GLOBAL TURMOIL

Posted by Gilmour Poincaree on December 30, 2008

29-12-2008

by Hoang Mai – Vietnam Investment Review

PUBLISHED BY ‘THE VIETNAM INVESTMENT REVIEW’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE VIETNAM INVESTMENT REVIEW’

Posted in BANKING SYSTEMS, CEMENT, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, METALS INDUSTRY, MINING INDUSTRIES, NATIONAL WORK FORCES, PETROL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, STEEL, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE WORK MARKET, VIETNAM, WORLD TRADE ORGANIZATION | Leave a Comment »

JAPANESE AFFILIATES BEARISH ON PROFITS

Posted by Gilmour Poincaree on December 29, 2008

01:02:00 12/30/2008

by Ronnel Domingo – The Philippine Daily Inquirer

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

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PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in AUTOMOTIVE INDUSTRY, COMMUNICATION INDUSTRIES, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDONESIA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MALAYSIA, PHILIPPINES, SINGAPORE, THAILAND, THE FLOW OF INVESTMENTS, VIETNAM | Leave a Comment »

IRRIGATION ADVANCES – CAMBODIAN RICE DREAM

Posted by Gilmour Poincaree on December 16, 2008

THURSDAY – OCTOBER 13, 2008 – PHILIPPINES

PUBLISHED BY ‘THE MALAYA NEWS’ (Philippines)

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PUBLISHED BY ‘THE MALAYA NEWS’ (Philippines)

Posted in AGRICULTURE, ECONOMY, RICE, VIETNAM | Leave a Comment »

VIETNAM LOWERS GASOLINE PRICES BY 8 PERCENT AMID DECLINING WORLD OIL PRICE

Posted by Gilmour Poincaree on December 12, 2008

December 10, 2008 – 2:57 AM

Associated Press

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

HANOI, Vietnam – Vietnam has lowered gasoline prices by 8 percent as world oil prices hover around $43 a barrel.

The government said Wednesday that effective immediately, the price of gasoline was cut to 11,000 dong (65 cents) per liter. The government also raised import tax from 35 percent to 40 percent.

The government has cut gasoline prices 10 times since they reached a high of 19,000 dong ($1.1) in July when world oil prices hit a record high of nearly $150 a barrel.

Light, sweet crude for January delivery was up 91 cents to $42.98 a barrel in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore as investors looked to an expected OPEC production cut next week to help stabilize prices that have plummeted amid a global economic slowdown.

Vietnam exports about 16 million tons of crude oil each year but has to import all refined oil products. The country’s first oil refinery is scheduled to open early next year.

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PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

Posted in COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, GASOLINE, INDUSTRIAL PRODUCTION, INDUSTRIES, INFLATION, INTERNATIONAL, OPEC, PETROL, RECESSION, REFINERIES - PETROL/BIOFUELS, SINGAPORE, THE FLOW OF INVESTMENTS, USA, VIETNAM | Leave a Comment »

BANK INTEREST RATES GOING DOWN, BONDS BECOMING MORE ATTRACTIVE – It seems that investors prefer injecting money in bonds to stocks thanks to the higher attractiveness of bonds at this moment and their greater safety with bank interest rates expected to further decrease (Vietnam)

Posted by Gilmour Poincaree on December 12, 2008

12/12/2008

VIR

PUBLISHED BY ‘THE VIETNAM ECONOMIC TIMES’

As the stock market has become more risky, investors have begun eyeing the bond market. On December 4, after 18 consecutive trading sessions that saw foreigners’ sales higher than their purchases, the Hanoi Securities Trading Centre (HASTC) witnessed foreigners’ purchases higher than their sales, once again. The net purchase reportedly reached 280,000 bonds, worth VND30.7bil.

Analysts say that injecting money in bonds now is considered attractive and safe as bank interest rates are expected, after many times of decreasing, to decrease further.

After the decision by the State Bank of Vietnam to slash the basic interest rate, a lot of commercial banks have announced interest rate cuts to VND10% per annum at the lowest level, while the average interest rates are now at 13-14% per annum. The rates are the same as the ones at the end of 207, and the lowest levels in 2008, while representing the decreases of 6-11% per annum over the end of June 2008.

Chu Hung, an independent economist, said that the decreasing bank interest rates prove to be the main reason that investors are now making investments in bonds.

A representative of SME Securities Company said that it is untrue to say that foreign investors only eyed the bond market when the stock market showed uncertainties. Foreign investors sold a lot of bonds in October 2008, nearly 150mil, which showed that they held a big volume of bonds before.

Recently, with more interest from domestic commercial banks, the bond transaction volume has been on the increase. For example, on December 8, 2008, the figure was over 60mil bonds.

Though investment in bonds is considered a safe and stable investment channel, which can bring stable profit, the bond market previously was the playing field mainly of foreign investors. Domestic investors, including commercial banks and securities companies, were not really much interested. It is partially because investors now make investments in bonds because they aim to get the high interest rates, while there is not a bustling secondary bond market in Vietnam.

A representative of SME Securities Company said that bonds mainly attract long-term investors who have a lot of capital and good knowledge of the bond market. Foreign investors satisfy all those conditions, while among domestic investors, only big financial institutions can.

According to the Ministry of Finance, the total capital mobilisation through bond issuance in the first ten months of the year fulfilled 52% of the yearly plan. The bond issuance through the state treasury system fulfilled 42% of the yearly plan, while the issuance through the Vietnam Development Bank fulfilled 82% of the plan.

In 2008, except the Vietnam Express Corporation (VEC), which issued bonds with government guarantee, other economic groups and state general corporations have not issued bonds due to the lack of favourable conditions, including the high inflation and high interest rates. Sources say that the Vietnam Shipbuilding Industry Group and the Electricity of Vietnam are following necessary procedures to mobilise capital for investment projects.

The Ministry of Finance, in its plan to develop the bond market by 2010, said that it would amend Decree 14 on government bond issuance in an effort to raise the liquidity and attractiveness of the nation’s bond market.

The ministry is planning to issue regulations to encourage the issuance of bonds in big lots, and create favourable conditions for the development of the secondary bond market.

With the renovations, the bond market is expected to be very bustling in 2009, creating a more attractive investment channel for investors, both foreign and domestic.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE VIETNAM ECONOMIC TIMES’

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS, VIETNAM | Leave a Comment »

FILIPINOS’ PESSIMISM UP — MASTERCARD POLL

Posted by Gilmour Poincaree on November 17, 2008

11/13/2008

Filipino consumers have grown more despondent and are among the most pessimistic in Asia with a BREATH/VOLUME MOMENTUM OSCILLATORconfidence index of 40 against a 47.4 average in the region during the first half and from a far higher 67.7 a year ago, results from the latest MasterCard Worldwide Index of Consumer Confidence released yesterday showed.

Most Asian consumers are pessimistic on the six month period ahead, the survey showed.

While consumers in Vietnam, China, India and Singapore relatively remained optimistic; Hong Kong and Taiwan consumers registered steep declines in consumer confidence levels.

Consumer confidence across the region has dropped seven points from six months ago, as a result of current economic volatility and the prospect of a global economic recession.

The current regional consumer confidence score of 47.4 is significantly below the score six months ago of 55 and a year ago of 67.3, according to Mastercard.

The level, however, remained higher than the 1997-1998 Asian economic crisis average of 32.3.

Overall consumer outlook has also fallen across the five indicators that make up the index compared to six months ago: employment (41.2 vs 54.2 six months ago), economy (42.1 vs 51.8), quality of life (44.0 vs 48.2) and the stock market (45.5 vs 53.4) and regular income (64.3 vs 72.2).

The index is based on a survey which measures consumer confidence on prevailing expectation in the market for the next six months. It is calculated based upon percentage response figures, with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.

Only four out of the 14 markets surveyed — Vietnam, China, India and Singapore — were optimistic SHOPPERSabout the first half of next year. Vietnam tops the index with a score of 88.1 and the only market that has increased its score from six months ago.

China (76.6), India (63.9) and Singapore (62.3) remain optimistic about the first half of 2009 but they are less optimistic than they were six months ago (China: 82.7; India: 82.1; Singapore: 87.3).

Thai consumers continue to be pessimistic, though confidence levels have risen slightly from six months ago (23.7). The current score is, however, much lower than a year ago (44.2).

At the other end of the spectrum, nine markets are pessimistic about the first half of 2009, with Hong Kong (41.8 vs. 83.1 six months ago) and Taiwan (32.1 vs. 71.3 six months ago) recording the biggest declines.

“Consumers across AsiaPacific are clearly feeling the effects of the global credit crisis. While Asian financial institutions may be less affected by the global credit crunch and the financial sector melt down, Asian markets have been just as severely suffered the impact; and the regional powerhouses like China and India are equally affected. While the consumer confidence scores in China and India are still optimistic, confidence levels are still much lower than they were before,” Dr Yuwa Hedrick-Wong, economic advisor to MasterCard in Asia-Pacific said.

The latest survey was conducted from Sept. 1 to 29 2008 and involved 6,019 consumers across 14 key Asia-Pacific markets.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DAILY TRIBUNE’ (Philippines)

Posted in CHINA, COMMERCE, COMMODITIES MARKET, CONSUMERS AND PSYCHOLOGICAL FACTORS, ECONOMIC CONJUNCTURE, ECONOMY, FORMOSA - TAIWAN, INDIA, INTERNATIONAL, PHILIPPINES, SINGAPORE, THAILAND, VIETNAM | Leave a Comment »