Retailers exit shopping malls in Ho Chi Minh City

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Báo Tuổi Trẻ English 12 hour(s) ago

Retailers exit shopping malls in Ho Chi Minh City

Individual shopping mall vendors in across Ho Chi Minh City have been leaving, due to continuously rising costs and weak sales.

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China's tax overhaul aims to cut business costs

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Báo Thanh Niên English 2 day(s) ago

China's tax overhaul aims to cut business costs

China has rolled out a value-added tax (VAT) system across all industries that previously had a business tax, in the most ambitious overhaul of its tax regime in three decades.

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Việt Nam urged to increase use of renewable energy

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Báo Dân Trí English 3 day(s) ago

Viet Nam urged to increase use of renewable energy

The Government’s national power development plan that calls for a higher proportion of power generation from renewable energy by 2030, including water, wind, solar and biomass, has not met its targets or the country’s potential, according to the Việt Nam Sustainable Energy Alliance (VSEA).

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SEZs starting to see the light of solar energy

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VietStock FI English 6 day(s) ago

SEZs starting to see the light of solar energy

Despite a precipitous drop in the start-up costs of solar energy, Cambodia’s biggest industrial parks are sticking to high-cost grid and fuel-generated electricity, claiming that when it comes to attracting foreign manufacturers, a stable power supply trumps a cheaper electricity bill.

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Call to end hefty transport costs

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VietStock FI English 7 day(s) ago

Call to end hefty transport costs

Newly-appointed transportation minister Sun Chanthol met with representatives of the nation’s logistics and transportation industries yesterday to discuss the problems and bottlenecks that are keeping basic transport costs high, reducing the Kingdom’s trade competitiveness and putting a burden on both citizens and infrastructure.

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Viettel's overseas profit hits 3-year low

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Báo Thanh Niên English 1 week(s) ago 1 related news

A strong US dollar and higher input costs have reduced the profits of Vietnam's biggest telecom firm Viettel in overseas market to the lowest level since 2012, local media reported on Wednesday.

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China launches pollution probe after hundreds of students fall sick

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Báo Thanh Niên English 2 week(s) ago

Authorities in China have launched an investigation after a report that hundreds of children attending a language school built near a polluted former industrial site developed health problems, including cancer, state news agency Xinhua reported on Monday.

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NagaCorp still on a roll, but at slower pace: Citi

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VietStock FI English 2 week(s) ago

Nagacorp Ltd, operator of the NagaWorld casino and hotel complex in Phnom Penh, exhibited strong revenue growth in the first quarter of the year and is expected to maintain this course through the end of the year, though at a slower pace, Citi Research said in its latest investor note on the Hong Kong-listed firm.

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Axed tariffs spurs wood sector

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Báo Đầu Tư English 2 week(s) ago

Axed tariffs spurs wood sector

Foreign investors are showing a growing interest in furniture and wood processing projects in Vietnam thanks to the country’s free trade agreements, low labour costs, and a rise in global demand for wood products.

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Tra fish prices bounce back after long slump

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VietStock FI English 2 week(s) ago

Tra fish prices bounce back after long slump

After keeping costs low for so long, tra fish prices shot up recently, yielding higher profits for farmers.

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GTI blames accounting glitch for Q4 profit plunge

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VietStock FI English 3 week(s) ago

GTI blames accounting glitch for Q4 profit plunge

An accounting error that appeared in the second quarter 2015 financial report of Taiwanese-owned garment manufacturer Grand Twins International (GTI) skewed the company’s fourth quarter 2015 earnings report, resulting in it declaring a staggering 450 per cent drop in profits during the quarter, a company executive said yesterday.

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Output difficulties shut down multi-million dollar ethanol factories

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Báo Đầu Tư English 3 week(s) ago

Output difficulties shut down multi-million dollar ethanol factories

Oversupply and high manufacturing costs, as well as a chronic lack of state support are the major reasons behind the closing of ethanol factories in general and PetroVietnam factories in particular, according to newswire Tuoitre.

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Germany-sponsored smart electricity project ratified

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Báo điện tử CP English 3 week(s) ago 1 related news

Germany-sponsored smart electricity project ratified

VGP – The PM has approved the draft loan Agreement between the Vietnamese Government and the German KfW Development Bank for the first phase of smart electricity-effectiveness in transmission project, worth €65 million.

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Germany-sponsored smart electricity project ratified

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Báo Dân Trí English 3 week(s) ago 1 related news

The PM has approved the draft loan Agreement between the Vietnamese Government and the German KfW Development Bank for the first phase of smart electricity-effectiveness in transmission project, worth €65 million.

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Rising cost of material slashes into GTI profits

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VietStock FI English 3 week(s) ago

Rising cost of material slashes into GTI profits

Taiwanese-ownend garment manufacturer Grand Twins International (GTI) posted a 70 per cent decrease in net profit for its 2015 fiscal year, citing a decline in average selling prices against a rise in the cost of raw material imports, according to its filing yesterday to the Cambodian Securities Exchange.

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