MGM Mirage Knew Macau Ally Was Unfit New Jersey Regulator Says

Thu, March 18th, 2010

The commission had planned to consider the findings and decide whether to revoke the New Jersey license of Las Vegas-based MGM Mirage, which owns a 50% stake in Atlantic City's Borgata Hotel Casino & Spa. Instead, MGM Mirage worked out a settlement to place its Borgata stake in a trust, in preparation for selling it. The commission cleared the plan Wednesday, paving the way for MGM Mirage to leave New Jersey.

World Bank Urges China to Raise Rates and Allow Currency to Strengthe

Thu, March 18th, 2010

"We do observe other macroeconomic risks that are in part an outcome of the stimulus as it was implemented last year," said the senior economist with the World Bank in Beijing. He said that rising property prices should be contained as "price rises on the property market could reach a level that is not healthy."

Vietnam FX Reserves slump by 35% to $ 15 billion, VinaSecurities says

Mon, March 15th, 2010

from $ 23 billion at the end of 2008. The current level of reserves is enough to pay for about three months' worth of imports. Vietnam's foreign-exchange reserves measured in relation to import coverage are lower than those of China, India, Indonesia, Malaysia, the Philippines, South Korea, Taiwan or Thailand, according to Benedict Bingham, the International Monetary Fund's senior resident representative in Hanoi.

Vietnam to get $ 790 million climate change funding

Sun, March 14th, 2010

The Clean Technology Fund investments will mobilise financing of about $ 3.195 billion from the government, multilateral financiers, carbon finance and the private sector in Vietnam, the World Bank said in December 2009.

Vietnam leads region in climate change challenge

Sun, March 14th, 2010

Vietnam has been identified as one of 12 countries at highest risk from climate change and is the most threatened by rising sea levels, according to World Bank studies.

Japan's PM supports nuclear power, bullet train projects in Vietnam

Sun, March 14th, 2010

Tokyo-based Hitachi, Mitsubishi Heavy Industries, Ltd., and Toshiba Corp., which mounted a joint bid for the project, lost the Vietnam order to Russia’s state-run OAO Rosatom in Moscow, the Nikkei business daily reported on Feb. 9, without citing anyone. Vietnam may choose a group of Sumitomo Corp. and Mitsubishi Heavy, or Itochu Corp. and Kawasaki Heavy Industries Ltd. for a $ 56-billion project to build Southeast Asia’s first bullet train, Nguyen Huu Bang, chairman and chief executive officer of Vietnam Railways Corp., said in February.

Petrovietnam, Chevron, Mitsui to build $ 1 bil pipeline in southern Vietnam

Sun, March 14th, 2010

The 400-km (248-mile) pipeline, 246 km of which will be under the sea, will transport 6.4 billion cubic metres of natural gas annually from blocks B, 48/95 and 52/97 in Vietnam's southwestern waters to power plants in Can Tho city's O Mon complex.

Bayer Schering Pharma to invest heavily in Asia, triple its workforce in Vietnam

Sun, March 14th, 2010

The company is targeting a sixfold increase in sales in Vietnam by 2015 and a tripling of the workforce there. Bayer Schering Pharma's sales in Asia Pacific, which excludes Japan, grew 13% to 1.04 billion Euros in 2009. Asia sales represent 10% of Bayer Schering Pharma's global sales.

Fitch warns of Vietnam ratings cut; but Barclays Capital says the outlook change isn't justified

Sun, March 14th, 2010

The Fitch move is the latest sign of pressure on Vietnam's economy. Stronger economic growth is marred by surging inflation and a wide trade deficit. An interest rate hike on Dec. 1 and two currency devaluations since November have done little to fix those problems.The ratings firm also forecast that foreign-exchange reserves may decline to 2.6 months of imports and 1.6 months of current external payments this year, the lowest since 1994.

Flower Market in Vietnam: Business Report 2010

Sun, March 14th, 2010

In-depth analyses of Vietnam's flower market: key market players, including major producers, wholesalers and distributing companies, and flower market foreign trade. It evaluates volumes and dynamics of imports and exports within the sector in the recent three years.

United Airlines Number 1 in On-time Performance in 2009, Seeks San Francisco - Haneda, Tokyo

Sun, March 14th, 2010

non-stop flights, with ANA code-share connection to Vietnam, Complimentary Unlimited Domestic Upgrades for Mileage Plus Elite members.

Legend Hotel Saigon's Lobby: SHOP FOR LEASE. 84.4 m2

Sun, March 14th, 2010

SHOP FOR LEASE. 84.4 m2. Located at Legend Hotel Saigon’s Lobby. For fashion, cosmetics or any brand

Top U.S. Official Pledges Support for Overseas Investment

Sat, March 13th, 2010

"We know that some overseas investments by American companies can lead to job losses in the United States. But for many companies, expansion abroad tends to support employment and dynamic opportunities here at home. For many, foreign affiliate activity has tended to complement, not substitute for, key parent activity in this country, boosting wages, employment and capital investment."

New U.S. National Export Initiative to double U.S. exports

Thu, March 11th, 2010

and support two million new jobs. Five steps the Administration is taking under the NEI to help U.S. firms expand sales of their goods and services abroad: creating a new Cabinet-level focus on U.S. exports; expanding export financing; prioritizing government advocacy on behalf of U.S. exporters; providing new resources to U.S. businesses seeking to export; and ensuring a level playing field for U.S. exporters in global markets.

Court backs EU anti-dumping duties on Chinese and Vietnamese shoes

Mon, March 8th, 2010

European Trade Commissioner Karel De Gucht was in Hanoi to open negotiations with Vietnam on a free-trade agreement with the EU. He said that the European Commission had a "very solid case" in its imposition of anti-dumping measures against shoes from China and Vietnam.

Celebrate International Woman's Day on Mar 8 and 9, at 2 Lam Son at the Park Hyatt Saigon

Mon, March 8th, 2010

Join us to celebrate International Women's Day at 2 Lam Son Bar on the 8 and 9 of March and receive a complimentary drink with any order from our special offer of the night.

Vietnam flags FX flexibility to tackle trade deficit

Mon, March 8th, 2010

The central bank said flexibility in the exchange rate in coming months was necessary to boost Vietnam's exports, reduce its trade deficit and improve its international balance of payments. A tighter monetary policy is also likely to be part of its strategy. Vietnam needs higher interest rates to cool its economy, restrain demand-side inflation and help make dong-denominated assets more attractive for foreign investors, said Moody's Analytics economist Matt Robinson.

Vietnam feels the heat of a "once in a 100-years" drought

Mon, March 8th, 2010

The region most affected, and the one that affects the most, is the Mekong River Delta. Water levels in the nation's rice bowl have fallen to their lowest points in nearly 20 years, threatening the livelihoods of tens of millions of people who depend on the river basin for farming, fishing and transportation. The biggest problem, however, is not the water. It's the salt. During the dry season, when channels and tributaries run dry, seawater can creep more than 18 miles (30 km) inland. Vietnam has installed a series of sluice gates to hold back high tides as well as control annual monsoon flooding.

Accor - A New Look in Historic Hue

Mon, March 8th, 2010

A stylish new hotel in a destination renowned for its architectural treasures, Mercure Hue Gerbera offers guests an opportunity to explore the former Imperial City of Vietnam, certified as one of the UNESCO World Heritage sites.

U.S. agribusiness company Bunge builds $ 100 million soybean processing plant

Mon, March 8th, 2010

on ten hectares within the Phu My 1 Industrial zone in the Tan Thanh district, approximately 70 kilometers southeast of Ho Chi Minh City on the Thi Vai River. The site is adjacent to the Phu My Port in which Bunge shares ownership. The rapidly developing area houses significant feedmilling and oil refining operations that form the foundation of the plant's prospective customer base.