Vietnam, Germany ready for new stage of cooperation

Vietnam and Germany are ready for a new stage of dynamic and more effective cooperation, Conrad Cappell, German Consul General in Ho Chi Minh City , said on Oct. 1. Cappell made the remarks while attending a celebration of his country’s 19th unification day, and took the opportunity to also extend condolences from the German government and people on the heavy loss of life and property in Vietnam ’s central provinces due to the recent tropical storm Ketsana.

Domestic investment to drive realty market

Vietnamese investors will dominate the domestic real estate market for the immediate foreseeable future, experts said at a seminar on property trends held in HCM City on Sept. 29.

Marc Townsend, managing director of CBRE, a real estate service provider, said the prolonged global economic downturn has forced a lot of foreign investors to halt or reconsider their property projects in Vietnam.

Storm claims 26 lives in central region

At least 26 people in central provinces have died in severe flooding caused by typhoon Ketsana, the ninth tropical storm to hit Vietnam this season, according to preliminary estimates.

Deputy PM orders boats to port

Deputy Prime Minister Hoang Trung Hai on Sept. 28 took control of measures to handle the effects of Tropical Storm Ketsana, which follows floods that claimed at least nine lives.

Local firms raise salaries despite recession

The average gross salary increased 16.47 percent during the period from April 2008 to March 2009, according to the latest announcement from the Navigos Group, the leading recruitment solutions provider in Vietnam.

This is one of the final results of the Vietnam Salary Survey 2009 which was released on September 23 in Ho Chi Minh city.

Index rises again on property shares

Gains by real estate shares continued as a major force driving the HCM Stock Exchange on Sept. 22, pushing the VN-Index up 4.88 points to close at 582.85.

Banks tighten consumer unsecured loans

Along with strictly controlling credit for stock and real estate investments, banks are tightening requirements on consumer unsecured loans in order to limit risk due to bad debts.

In order to secure loans from the Southeast Asia Bank (SeaBank) or the Lien Viet Joint Stock Commercial Bank (LienVietBank), customers must have an account at the bank and confirmation of income from their agencies.

Vietnam, Ukraine step up cooperation in state auditing

A delegation from Vietnam’s State Auditing, led by State General Auditor Vuong Dinh Hue, held talks with their Ukrainian counterparts, headed by the President of the Ukrainian Auditing Service, V.K. Simonenko, on September 15 to discuss bilateral cooperation in the field.
Australia passes trade deal with ASEAN and NZ Business

Australia passes trade deal with ASEAN and NZ

Australia’s lower house on September 16 approved a free trade agreement with the Association of Southeast Asian Nations (ASEAN) and New Zealand, offering full exemption from import tariffs.