IncreaseSyndicate Increase

Ethanol to become released because of insufficient domestic demand

HN — PetroVietnam has introduced that it'll increase exports of ethanol fuels because of deficiencies in market demand in your own home.Within Government arrange for developing the bio-fuel market through 2015, having a vision to 2025, the audience invested US$270 million in three ethanol plants in Binh Phuoc, Phu Tho and Quang Ngai provinces having a total productive capacity of 300,000cu.m yearly. However, despite being cheaper by about VND500 per litre than conventional A92 gas, customers haven't

Sea food exporters lack capital, demand

Sea food exporters lack capital, demand

Employees from the Thong Thuan Sea food Joint Stock Co process shrimp. Many sea food companies happen to be instructed to suspend production because of deficiencies in capital and falling exports. — VNA/VNS Photo Danh Lam HN — The amount of sea food exporters dropped within the first quarter of the year because of insufficient capital and falling exports, the Viet nam Association of Sea food Exporters and Producers (VASEP) stated.Within the

Shares still rise on positive sentiment

HN – Shares ongoing to increase today on stock markets but in a reduced pace.Based on experts, the slow CPI rise in May, effective debut of PV Gas (GAS) yesterday, and opening from the National Set up that is likely to pass a stimulus bundle for that corporate environment were the supporting factors.Around the HCM City Stock Market, the VN-Index elevated over 1 percent to shut this morning's session at 452.66 points on the turnover of nearly VND1.15 trillion (US$54.8 million).Advancers outnumbered

Importers reap profits as world gas prices fall

HN — Oil importers make a windfall profit of VND700-800 (US$.033-.038) per litre of oil in the last month as world oil cost falls haven't been fully reflected in retail prices.Meanwhile, some marketers have increase commissions to merchants to almost VND1,000 per litre inside a scramble for share of the market.World oil prices happen to be falling since November to record lows lately, Connected Press reported. Crude stepped about 13 percent from $106 per barrel (or $.67 per litre) two days ago due to

Nation's April CPI rise cheapest in 5 years

HN — The nation's consumer cost index (CPI) this month demonstrated the cheapest April rise in 5 years, the overall Statistics Office stated yesterday.In April, the CPI were built with a month-on-month increase of .05 percent along with a year-on-year increase of 10.54 percent.Nguyen Duc Thang, mind from the office's CPI department, stated the rise was the cheapest April increase since 2007 and adopted the CPI increase of 3.32 percent in April 2011.The rise of under 1 percent in prices for eight of 11

Minimum wage increases should rely on worker productivity

Dr Nguyen Minh Phong, mind from the Economic Research Unit of Ha Noi Institute for Social and Economic Development Study, spoken with Khoa hoc&Doi song (Science&Existence) newspaper about the rise in minimum wages.Do you consider the rise from the minimum wage from VND830,000 (US$40) to VND1,050,000 ($50) monthly is affordable?The rise from the minimum wage is dependent on two elements: productivity and a chance to balance the country's budget. For me, this rise in the minimum wage is suitable.I am also

Urbanisation puhes up city temps

HCM CITY — The short pace of urbanisation continues to be blamed for the increase in temperature during the last 30 years in HCM City, the nation's greatest city.Based on recent research through the Southern Center for Hydro-Meteorological Predicting (SCHMF), the city's temperature has elevated by nearly 1 degree Celsius in the last 3 decades.This season the greatest temperature continues to be 36 to 37 levels Celsius, using the most popular period likely to be from March to the center of May, based on the

Government boosts minimum wage

Government boosts minimum wage

Pupils in a primary school within the northern mountainous province of Boy La. Instructors listed here are among individuals who'll have a pay increase of VND220,000(US$10) towards the minimum wage from May 1, according to a different Government decree. — VNA/VNS Photo Xuan Truong HN — Another VND220,000 (US$10) will be included to the monthly minimum wage from May 1, according to a different Government decree released on Thursday.Accordingly,

Pepper trade to achieve volume, value

Pepper trade to achieve volume, value

A player harvests fresh pepper within the central province of Quang Tri. The nation's pepper exports are required to improve in volume and cost against this past year. — VNA/VNS Photo Hoai Nam HN — The Secretary of state for Agriculture and Rural Development expected pepper exports this season to improve in volume and cost against this past year.The exports were likely to show annually-on-year increase of 6.1 percent in volume to 101,400 tonnes

Int’l cruise ships call at Nha Trang coast

Int’l cruise ships call at Nha Trang coast

It is the 1st time 4 foreign cruise ships docking at Nha Trang ports in the central province of Khanh Hoa at the same time

From Business

Firms advised to focus on TPP

HN — Domestic businesses should positively build plans and methods to grow marketplaces in nations joining the Trans-Off-shore Partnership (TPP) Agreement.Ngo Chung Khanh, deputy director from the Secretary of state for Industry and Trade's Multilateral Trade Policy Department, made the suggestion in a conference in Ha Noi yesterday.The TPP pact, also called the Trans-Off-shore Proper Economic Partnership Agreement, is really a multilateral free trade deal that aims to help liberalise the financial systems

Blue chips lead share plunge

HN – Blue nick declines ongoing to tug shares lower around the HCM City Stock Market today.As much as 80 percent from the top 30 shares by market capitalisation and liquidity sank, which the 2nd biggest share PV Gas, HCM City Infrastructure Investment (CII), Sea Group (OGC) and Sacombank Investments (SBS) fell through the daily limit of 5 percent.Only mixer Masan Group (MSN), property developer Quoc Cuong Gia Lai (OQC) and Song Da Urban & Industrial Zone Investment and Development (SJS) bucked the