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Tag Archive for ‘Australia’

Vietnamese turn their backs to Chinese farm produce

VietNamNet Bridge – Vietnamese housewives have become highly vigilant over the glossy fruits and farm produce. They would refuse to buy the products if the sellers say the products are from China. The smart consumers Nguyen Thanh Ha, Deputy Director of the Thu Duc Market Development Company, said the amount of Chinese farm produce traded at the market has dropped by 50 percent over the last month. Only 7-8 kiosks in the market now still sell Chinese products, while there were 20 in the past. A small merchant at Nguyen Van Troi retail market in district 3 of HCM City said consumers nowadays refuse…

Economy, poor service keep tourists away from Vietnam

The tourism high season kicked off last month, but few foreign visitors have come to Vietnam so far.The economic crisis in some main markets like the US and Europe is a cause, but persistent problems like high prices and poor tourism promotion are also to blame, industry insiders said. “The situation has never been difficult […]

Hong Kong named top financial center for second year

LONDON – Hong Kong was named the world’s top financial center for the second year running by the World Economic Forum (WEF), thanks to the strength of its business environment, infrastructure and a favorable tax regime. The WEF’s annual Financial Development Report considered a wide range of factors and underscored the rise of Asian trading centers and the influence of China as the world’s second-largest economy. Rival surveys based purely on the total value of transactions typically put New York or London…

Foreign arrivals in Vietnam grow 11.2 percent

Vietnam welcomed around 5.35 million international visitors in the first ten months of this year, up 11.2 percent over the same period last year, according to the General Statistics Office. Of the total, 4.47 million arrived in the country by air, while almost 60,000 came via sea routes and 821,000 by land. The number of visitors to the country for business purposes rose by 17.4 percent; for visiting relatives, 16 percent; and for holidays, 8.7 percent, the office said. During the period, increases in the number of tourists to Vietnam were recorded in those from the Republic of Korea , Japan , Malaysia , France , China , Cambodia and Australia . Vietnam ‘s…

Surface tablet buzz starts, but Windows 8 excitement muted

SEATTLE – U.S. shoppers woke up with mild Surface fever on Friday, lining up in moderate numbers to buy Microsoft’s groundbreaking tablet computer designed to challenge Apple’s iPad. The global debut of the Windows 8 operating system was greeted with pockets of enthusiasm, but not the mania reserved for some previous Apple Inc launches. Microsoft is positioning the slick new computing device, which runs a limited version of Windows and Office with a thin, click-on keyboard cover, as a…

Australia pumps US$1.83 bln into food bowl river

SYDNEY – The government Friday pledged A$1.77 billion (US$1.83 billion) to pump more than 450 billion litres of water into the ailing Murray-Darling River and help rejuvenate a crucial system supplying Australia’s food bowl. The river and its basin stretches thousands of kilometres from Queensland state to South Australia and crosses various climates, affecting the livelihood of millions of people, but it has been over-exploited for years. It has also been seriously depleted by years of drought while suffering from increased salt concentrations due in part to low rainfall. Prime Minister Julia Gillard called the cash injection a landmark…

Yaly takes Vietnamese colors to the world

(VEN) – With dedication and creation Yaly tailors and people in the city of Hoi An have contributed to making traditional garments a key tourist product, ensuring that Vietnamese traditional colors travel the world. Yaly is one of Hoi An’s most popular tailors Established as a small tailors in Hoi An in 1994, Yaly has developed to include three showrooms employing over 500 professional designers and tailors at 47 Nguyen Thai Hoc, 47 Tran Phu and 358 Nguyen Duy Hieu. The facilities have attracted increasing numbers of customers from the US, France, Australia and Spain. Yaly’s Hon Pho (The Soul of the Street) fashion collection…

Australian Navy warship to pay goodwill visit to Ho Chi Minh City

(CPV) – The Australian Navy warship, HMAS SYDNEY will pay a goodwill visit to Ho Chi Minh city from October 29 to November 03, announced the Australian Embassy to Hanoi on October 24. The visit is expected to strengthen the relationship between the two navies and to enhance the nation to nation ties between Australia and Vietnam. The guided missile frigate will carry 35 officers and 194 sailors. The Commander – Captain Luke Charles-Jones, Royal Australian Navy (RAN)- and crew will meet with senior officers and sailors from the Vietnamese People’s Navy to engage in a range of goodwill activities and to conduct a…

Vietnam One-Year Bonds Fall as Inflation Quickens; Dong Steady

Vietnam’s one-year bonds fell after inflation accelerated more than economists forecast, limiting the scope for policy makers to reduce interest rates. The dong was little changed. Consumer prices rose 7 percent in October from a year earlier, the most since May, according to data released by the General Statistics Office in Hanoi today. The median […]

Pollution tax stokes Australian inflation

SYDNEY – (VNS) Australian inflation came in ahead of forecasts on Wednesday, rising a seasonally adjusted 1.2 per cent in the September quarter as electricity prices jumped following the introduction of a pollution tax. The Australian Bureau of Statistics said the consumer price index was 2.0 per cent higher on-year as power prices rocketed 15.3 per cent. Analysts had expected quarter-on-quarter inflation of 1.1 per cent, and 1.7 per cent over the year. The spike in electricity prices followed the introduction on July 1 of a A$23 per tonne (US$24) tax on pollution linked to climate change…