Chao ba! we are all currently sitting in the entrance bit of our non sta booked hostel in hanoi, where we’ll be till the morning when we’ve got a train booked to nim binh (gartland wont tell me the spelling so …

Chao ba! we are all currently sitting in the entrance bit of our non sta booked hostel in hanoi, where we’ll be till the morning when we’ve got a train booked to nim binh (gartland wont tell me the spelling so …

South Korea’s Samsung Electronics mobile phone plant investment in Vietnam opened according to AFP. The Vietnam government expects the Samsung investment in Vietnam to generate 5 billion in revenues annually by 2010

The Vietnam government estimates the Vietnam trade deficit has hit $8.78 billion from January to October of 2009 according to AFP. While the the shortfall is significant it is still much less than compared to the 2008 Vietnam trade deficit of $16.2 billion.

Citibank has become the first US bank to offer retailing banking in Vietnam according to AFP. While Citibank’s Vietnam investment dates back to 1993, the US bank has up until this month only offered corporate banking and investment services.

The Vietnam trade deficit in 2009 is expected to hit $11 billion in 2009 according to Reuters. The key drivers of the Vietnam trade deficit include a decline in commodity prices and in Vietnamese exports due softening demand as a result of the global recession. Despite the number, the Vietnam trade deficit is down from last years deficit of $18 billion