Written in Vietnam and read by professionals
in over 160 countries worldwide



Friday, February 10, 2012




Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



HO CHI MINH STOCK INDEX (VNINDEX:IND)


HO CHI MINH STOCK INDEX


Blackouts Plague Ho Chi Minh City

July 18 – Vietnam has been plagued with severe power outages that are affecting business in the country.

The Deputy Prime Minister has already ordered power suppliers to hurry the construction of electricity power plants and facilities to meet rising demand.

In Ho Chi Minh City, shops and restaurants have resorted to using electric generators to keep business running although not all the businesses in the city can afford to buy generators.

Blackouts in the city’s district 3 and Binh Thanh reported incidents of knocked out traffic lights causing traffic jams and vehicular accidents.

The city center has even resorted to cutting power to 33 medium power lines to guarantee that there would be no blackouts at college entrance exam sites during this week.

Many business located at the Mekong River Delta have also made complaints that the frequent blackouts are making them lose money and cutting on their capacity.

Huynh Tan Han, a representative of the Da Nang Electricity Company, told Thanh Nien News that supply shortages were to blame for the sudden outages and that the electricity situation was still strained.

Electricity of Vietnam added that it could only answer to 70 percent of the country’s demand for July and warned that power shortage would only continue for months.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Furl
  • Haohao
  • Live
  • Netvouz
  • NewsVine
  • StumbleUpon
  • Technorati
  • TwitThis
This entry was posted in Economy and Politics. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at vietnam@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF



SEO Powered by Platinum SEO from Techblissonline