Electricity of Viet Nam (EVN) targets reducing its production costs by 1.8 trillion dong (US$88million) this year. The cost cutting measure was included in an agreement which was sealed this morning between the EVN General Director and leaders of its member enterprises.
Convenience, stable prices and consecutive promotion campaigns have helped modern retail channels attract more customers, with year-on-year turnover growth of 20-25 per cent in HCM City. Meanwhile, consumption at wet markets have fallen sharply in recent years.
The Hong Kong and Shanghai Banking Corporation (HSBC) has ranked Vietnamseventh out of 10 countries seen as having the best prospects for long-term growth. It also forecast that the nation could become Asia’s next big electronics hub.
All imported chemical substances sold in Vietnam must be labelled in the Vietnamese language, the Ministry of Industry and Trade has announced. The ministry’s circular on classifying and labelling of chemical substances said that labels must include the chemical’s name, identity code, potential hazards, ingredients, date of manufacture and expiry date.
Motorbike makers in Vietnam produced 384,800 units in January, a year-on-year increase of 11.3 per cent, fuelled by discounts in retail prices, statistics released on February 15 showed. The revival of the motorbike sector was attributed to the mass discount of retail prices to trigger demand.
The Ministry of Construction will temporarily delay work on several approved cement projects, said director of the ministry’s Construction Materials Department Le Van Toi. Projects must follow the cement industry development strategy for 2011-20, ratified by Prime Minister last year, and must also be agreed upon by the ministry’s managerial body.
While most investors have sunk all of their mobilized capital into building power-generating plants, little attention and funding has been paid to the establishment of the transmission system. With this unbalanced investment, even when the electricity plants become operational, the power shortage will not be solved, since there is no wire system to transmit power to consumers
Car importers are in a spin. The International Auto Trading Investment Joint Stock Company was founded in December 2007 to trade in automobiles. However, the firm stopped operating from January 2012 on the back of poor performance after getting shareholders approval to go dismantled.
