Trang Business của Box Canada

Anh MSGvovit lộn 1 chỗ rồi nha. Tri Tôn là một huyện thuộc tỉnh An Giang, còn Châu Đốc là thị xã thuộc An Giang, nghĩa là nó cùng cấp (mặc dù Châu Đốc phát triển hơn).
Hì, mới vô box Canada, dạo một vòng thấy khí thế sung quá định tham gia mà chưa thấy chỗ nào hợp. Không ngờ bài đầu tiên lại là bài bắt giò ma cũ.
Mà sao anh biết về Tri Tôn, Châu Đốc vậy? Trước đây là dân An Giang à?

Oil in freefall despite OPEC cuts

The price of oil continued its spectacular freefall yesterday in spite of a deal by the OPEC cartel to take up to a million barrels a day of crude out of the global supply chain and a threat of more production cuts ahead.
The 11-member Organization of the Petroleum Exporting Countries agreed in Cairo on what officials called a "preventative measure" to thwart a buildup of inventories over the winter months.
"Stocks are building a unreasonable rate," Algerian Energy Minister Chakib Khelil complained to reporters after the meeting. "This is a preventative measure. It is enough to sharpen the market."
But the announcement didn''t impress traders, who pushed the price of U.S. crude down another $1.82 (U.S.) to $40.71 on the New York Mercantile Exchange.
The price of oil is now down nearly $15 a barrel since hitting a record high of $55.67 at the end of October -- the largest six-week fall in more than three years.
But analysts said that OPEC''s threat to cut production again at the end of January should halt the price slide.
"The perception that OPEC will start sticking to its quotas has halted the slide in crude oil prices for now," said energy analyst Michael Drickamer of Hibernia Southcoast Capital of New Orleans, La.
The price of oil remains roughly 30 per cent higher than it was at the start of the year. And major consuming countries, such as the United States, have been urging OPEC to keep production up to avoid a potential supply crunch this winter.
But that''s not the way OPEC sees it. "We have done everything to moderate the price," Saudi Oil Minister Ali al-Naimi said.
"It is moderating and it will probably moderate more."
And he vowed that OPEC would aggressively defend the cartel''s $22-to-$28 price target, well before prices reach that level.
"We will defend [market] stability by going up or going down," he said.
The production cut amounts to an effort to rein in cheating on OPEC''s official production ceiling of 27 million barrels of oil a day. In recent months, members have been routinely exceeding the quota by 1.2 million barrels a day, lured to produce more by the high prices.
Overproduction and rising stocks aren''t the only concerns facing OPEC these days. With oil priced in U.S. dollars, key OPEC members, including Saudi Arabia, have seen their purchasing power undermined in Europe and Asia as the greenback has tumbled, Mr. Drickamer said.
"OPEC is more concerned with the weakness of the U.S. dollar," he argued.
"With the falling dollar, OPEC''s spending power has been negatively impacted, despite the relative strength of oil prices."

Economic Profile ?" Ho Chi Minh City and Southern Vietnam-Được trích từ (http://www.infoexport.gc.ca/ie-en/DisplayDocument.jsp?did=49052)
Vietnam, strategically situated on the sea route between the emerging economic powerhouses of China and India, has experienced phenomenal growth rates in the last five years and is expected to grow by 7.5% in 2004 {source: Asia Development Bank (ADB)}. Although still a developing country, Vietnam is blessed with natural resources and a highly educated (94% literacy rate), skilled, and competitively priced labour force. A country of over 80 million, 60% of whom are under thirty, it has an emerging middle class and a valuable link with Canada in the 250,000 overseas Vietnamese (Viet Kieu) who are making an impact by investing in and trading with the land of their birth, especially in the South. Primary goods such as wheat and potash have tra***ionally fuelled Canadian exports to Vietnam. In 2003, Canada?Ts merchandise exports to Vietnam were worth C$ 85,848,000, a 21.5% increase over the previous year although our trade balance still heavily favours Vietnam. With such growth and development in the Vietnamese economy, several sectors are now showing promise with increased trade or investment opportunities for Canadian companies including: ICT; energy; environmental industry; agri-food; education; mining; and, forest products.
Vietnam has become an attractive destination for foreign investment in Southeast Asia because of its political stability and steady economic growth; skilled and cost-competitive labour force; young and relatively large population; strong socio-economic fundamentals; emerging private sector; large financial commitments from the ODA community; and improving regulatory framework for foreign investment. Vietnam receives about $1 billion in FDI per year. Light-manufacturing for export accounts for an increasing percentage of FDI. Unlike the early 1990s, when many large-scale, capital-intensive FDI projects were proposed but never implemented, most new investments are under $10 million in size. With the revival of the property markets, a large portion of FDI is again being channelled into real estate.
Canada''s investment profile in Vietnam has been limited but is growing. As of late September 2004, Canada, with ten projects capitalised at US$152 million, was third in FDI behind Taiwan and South Korea (source: Vietnam Investment Review) however, since the vast majority of this amount is for one large mining project in the North. Canadian success stories include Manulife, the first foreign-invested and first profitable foreign life insurer, Talisman Energy and Dan-D Foods. The latter, one of many Canadian Viet Kieuinvestments in the South, recently won a provincial export award here.
Since the launch of the "Doi Moi" reforms in 1986 (designed to transform a centrally-planned economy into a more market-oriented one), Vietnam''s economy has performed remarkably well. Since 1999 Vietnam has averagedGDP growth of 6% per annum. In 2003, growth accelerated to7.1% and similar growth is expected to continue until the end of the decade. Vietnam?Ts per capitaGDP in 2003 was US$469. On a purchasing power parity (PPP) basis, national average income is US$1700 (source: Mekong Research). The private sector has, in this period, played an important role in the national economy commanding 72% of the country?Ts production value. Vietnam?Ts development achievements, including a major reduction in poverty and efforts to boost the private sector, have been lauded by international organizations, including the ADB, the World Bank, and the International Monetary Fund.
Bureaucratic red tape, inefficient state-owned enterprises (SOEs), ineffective banking and financial sectors and a lack of transparency remain as problems. Recent high-profile government corruption scandals involving the important oil and gas and textile industries have shown that Hanoi is getting more serious in attacking corruption. Continued reform of SOEs and Vietnam''s banking sector, including through ?oequitisation? or privatisation, will be essential for economic advancement. Attracting much-needed foreign investment will likewise be an important engine of economic opportunity.Vietnam is currently negotiating accession into the WTO and is expected to join by 2006, putting further pressure on the government to reform or abandon inefficient SOEs. However, in 2005, the textile sector, employing 2 million mostly in the South, will come under heavy pressure when the quota system is removed between WTO members (giving China unlimited export opportunities) with Vietnam having to continue under the constraint of quotas.
Vietnam will have to compete better as it is now also implementing commitments under the ASEAN Free Trade Area (AFTA). The state budget is expected to remain fairly balanced due to more effective management resulting from implementation of newly amended laws onVAT, excise tax and corporate income tax. However, the expansionary monetary policy, rising wages, and consumer demand continue to exercise inflationary pressures on the economy. Vietnam?Ts young population also means that the economy must absorb an ad***ional one million jobseekers every year. On the positive side economically, Vietnam now attracts more remittances from overseas Vietnamese than it receives in FDI or ODA and, more dubiously, the ?ounofficial?, unreported economy, is suspected of being huge.
Canada has two missions in Vietnam: the Canadian Embassy in Hanoi, which is responsible for trade policy issues and the territory from Danang northward, and the Canadian Consulate General in Ho Chi Minh City, which covers southern Vietnam. Ho Chi Minh City is the country?Ts business capital. It makes up the Southern Key Economic Zone with six surrounding provinces including Binh Duong and Dong Nai, which have consistently led the country in FDI attraction, and Ba Ria-Vung Tau, site of the country?Ts oil and gas capital. Just south of Ho Chi Minh City is the Mekong Delta, the ?orice bowl? of the country.

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