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Struggling to sell penthouses
Monday,  Sep 24,2012,20:05 (GMT+7)
HCMC/HANOI – Luxury penthouses covering hundreds of square meters each located on the top of high-rise buildings are aimed at wealthy customers, but investors are struggling to sell this kind of apartments in the current tough times.
Mercedes-Benz continues to expand investment
Monday,  Sep 24,2012,20:03 (GMT+7)
HCMC – Mercedes-Benz Vietnam will keep expanding investments in the coming time despite a strong drop in the local market, plus disadvantages for local auto manufacturers as the import tax on completely-built-up cars is on the decline.
Furniture makers seek to keep sales balanced
Monday,  Sep 24,2012,20:01 (GMT+7)
HCMC – Promoting trade through woodwork fairs held at home is a cost-cutting solution chosen by furniture and handicrafts makers in a bid to look for new customers from both export and domestic markets. Unlike previous years when overseas markets were the key outlets for furniture products, local wood processors now are also aiming at the domestic market to attain sustainable growth, and at the same time seeking to diverse products.
Gold sellers active on falling prices
Saturday,  Sep 22,2012,13:34 (GMT+7)
HCMC – While domestic gold prices tumbled after Saigon Jewelry Co. (SJC) started to process 13 tons of gold, the number of gold sellers surged sharply on Thursday.
Experts mull ways to tackle bad debts
Saturday,  Sep 22,2012,13:33 (GMT+7)
HANOI – Bad debts are a real concern, according to financial and banking experts who attended a seminar held by the National Institute for Finance on Thursday to seek solutions for this problem.
Cash flow choked off
Saturday,  Sep 22,2012,13:31 (GMT+7)
HANOI – Money supply as of end-June had picked up nearly 7% against late 2011, but a small fraction of it had flowed into the economy while the remainder had sat idle in the banking system.
Funding sought for airport projects
Saturday,  Sep 22,2012,13:29 (GMT+7)
HCMC - Vietnam is looking for investment capital from different sources to fund new airport projects and expansions to bolster aviation industry growth, the general director of Airports Corporation of Vietnam (ACV) said.
Largest Sheraton Hotel inaugurated in Macau
Saturday,  Sep 22,2012,13:27 (GMT+7)
MACAU – Starwood Hotels & Resorts Worldwide launched Sheraton Macau Hotel into operation in Cotai Strip on Thursday, boasting it as the group’s largest hotel in the world with 4,000 rooms.
O Mon 1 power plant’s second unit kicks off
Saturday,  Sep 22,2012,13:27 (GMT+7)
HANOI - Construction of the second and final unit of O Mon 1 Power Plant will be kicked off on Friday in Can Tho City, which once commissioned in 2015 will double the power plant’s capacity to 660MW.
City says to cope with loss-making SOEs
Saturday,  Sep 22,2012,13:25 (GMT+7)
HCMC – The HCMC government has announced it will either restructure or disband State-owned enterprises (SOE) that are performing poorly, making sustained losses or becoming insolvent.
FPT to launch self-made satellite next week
Saturday,  Sep 22,2012,13:24 (GMT+7)
HANOI - FPT Group has said a self-made nanosatellite will be launched into orbit next Thursday.
Earth-watching satellites targeted by 2020
Saturday,  Sep 22,2012,13:23 (GMT+7)
HANOI – Vietnam will be able to design, assemble and operate small earth-watching satellites by 2020, insisted Professor Chau Van Minh, director of the Vietnam Academy of Science and Technology.
City’s CPI up 1.21%
Saturday,  Sep 22,2012,13:22 (GMT+7)
HCMC – Prices of all 11 groups of commodities used for CPI calculation have picked up this month, prompting the CPI in HCMC to jump 2.21% month-on-month.
Cement use proposed for road upgrade to help makers
Saturday,  Sep 22,2012,13:20 (GMT+7)
HCMC – Local cement producers that are sitting on huge inventories may have taken a sigh of relief as the Ministry of Transport has formally asked the Prime Minister for approval of a plan to use cement to build and upgrade roads.
Macro-economic risks still abound
Saturday,  Sep 22,2012,13:19 (GMT+7)
HANOI – The Government should practice prudence in economic management in a bid to stabilize the macro-economy and curb inflation, as risks are still there, said Vo Tri Thanh, vice president of the Central Institute for Economic Management.
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