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VIET NAMBUSINESS NEWS

Vietnam makes good impression at G20 Summit »

PetroVietnam restructures in conformance with Companies Law »

Viet Nam, Turkey draw closer on trade, tourism »

Euro depreciation creates difficulties for seafood exporters »

Vietnam’s exports in May up 14.4 percent »

Vietnam welcomes Finnish businesses »

Markets

The association of listed organizations, when? »

Five years ago, the Club of Listed Organizations proposed the management agency to be allowed into the Association of Listed Organizations. However, the watchdog agency has kept silent to the proposal. The club of listed organizations,...

July 29 2010 / No comment / Read More »

Corporate bonds seen as effective financing source for developers »

For most property developers, where and how to raise enough funds to develop their projects is challenging. They currently have to seek capital through bank loans, and cooperation with strategic partners and homebuyers. Le Chi Si,...

July 29 2010 / No comment / Read More »

Industry

Domestic steelmakers raise prices, cutting own throat »

Economists warned that by raising prices, domestic steel producers are paving the way for foreign-made steel products to flow into Vietnam. After lowering prices four...

Jul 29 2010 / No comment / Read More »

Experts say controlling advertisements will help ease formula prices »

Experts believe that the key problem that makes formula prices sky high is that enterprises spend too much money on advertisements. Therefore, they think...

Jul 29 2010 / No comment / Read More »

$4.5 billion steel investment sparks MOIT-VSA debate »

The Ministry of Industry and Trade (MOIT) has allowed investors to increase the investment capital of Guang Lian Dung Quat steel project to $4.5...

Jul 29 2010 / No comment / Read More »

US$470 million goes to Nhon Trach 2 power project »

Citibank Vietnam last Friday announced to complete the arrangement of a $470 million credit for PetroVietnam Nhon Trach 2 power plant project with the...

Jul 29 2010 / No comment / Read More »

ECONOMIC NEWS

» 21:45 Vietnam’s customs role highlighted
» 21:44 Ninh Binh targets 18 percent growth rate
» 19:56 Small CPI increases result of proper monetary policy
» 19:50 City maintains low inflation
» 17:19 Foreigners eye cheap labour
» 17:17 Small businesses need support
» 23:43 Barrack Obama to Visit Vietnam Next Year
» 13:30 Government efforts to control prices pay off
» 13:25 Law to focus on women workers
» 13:19 Foreign debt levels pose risks
» 16:57 Slow Credit Growth Likely Hurt Vietnam Economy: Economist

Banking-Finance

Corporate bonds seen as effective financing source for developers »

Jul 29 2010 / No comment / Read More »

Central bank conducts nine new tasks to stabilise monetary market »

After having succeeded in conducting the monetary policy in the first half of 2010, State Bank of Vietnam said it would continue stabilising tools of interest rates, including the basic rate, refinancing rate, rediscount rate and interest rates of open market operations and foreign currency...

Jul 29 2010 / No comment / Read More »

VP Bank changes name »

The State Bank of Vietnam (SBV) has issued Decision No 1815/QD-NHNN approving for changing the name of Vietnam Commercial Joint Stock Bank for Private Enterprises (VPBank) into Vietnam Thinh Vuong Commercial Joint Stock Bank. The Vietnam Thinh Vuong Commercial Joint Stock Bank will be responsible for...

Jul 29 2010 / No comment / Read More »

HCM City’s inbound remittance swells in first seven months »

The State Bank of Vietnam’s branch in Ho Chi Minh City has reported that the volume of remittances transferred into the city by overseas Vietnamease rose in the first seven months of this year, thanks to the worldwide economic recovery. According to the branch, total volume...

Jul 29 2010 / No comment / Read More »

Investment

Stronger JPY to Boost Japan Investments in Vietnam »

The recent appreciation of the Japanese yen (JPY) against the U.S. dollar (USD) and Vietnam dong (VND) is likely to boost Japanese investments into Vietnam. One...

Jul 28 2010 / No comment / Read More »

ODA rate of disbursement too slow »

The Economic and Budgetary Department of the HCM City People’s Council held a meeting on July 26 to supervise the progress of ODA-funded projects to...

Jul 27 2010 / No comment / Read More »

Investment Consultancy

Starting a Business in Vietnam

This table summarizes the procedures and costs associated with setting up a business in Vietnam. Standardized company Legal Form: cong ty trach nhiem huu han – Private Limited Liability Company City: Ho Chi Minh City Registration Requirements...

Mar 7, 2010 / More »

Import-Export

Agricultural sector’s trade surplus reaches US$2.6 billion in seven months

Export turnover by the agricultural sector in the first seven months of this year totalled US$10.13 billion, up 14.21 percent against the same period last year, according to the Ministry of Agriculture and...

Jul 29, 2010 / More »

Enterprises

Small businesses need support

Support policies for small- and medium-sized enterprises need to be updated if they are to develop, a senior Government official told a workshop in HCM City yesterday. Nguyen Trong Hieu, Deputy Director of the...

Jul 29, 2010 / More »

Tourism

Tourism sees big growth this year

Vietnam welcomed around 410,000 foreign tourists in July, bringing the total number of foreign visitors to the nation in the first seven months of the country to more than 2.9 million, a year-on-year...

Jul 29, 2010 / More »

Infrastructure

Urban upgrade project too slow, say officials

Sluggish site clearance has considerably slowed down ODA (official development assistance) disbursement for the HCM City Urban Upgrade Project as well as the progress of the project itself. A project evaluation meeting of the...

Jul 29, 2010 / More »

Agriculture

Vietnam aims high in first draft of coffee master plan

In the draft of the first-ever master plan for the coffee industry, the country targets to ship abroad 1.16 million tons worth US$2.4 billion by 2020 by raising both quality and productivity of...

Jul 29, 2010 / More »

Int'l Cooperation

8th Chinamac Fair opens in HCM City

The 8th Chinamac Fair 2010 is being held at the Saigon Exhibition & Convention Centre (SECC), in HCM City from July 28-31. On display are machinery and equipment for the construction, transport, garments and...

Jul 29, 2010 / More »

Sea food

Shrimp tops seafood export list

Shrimp replaced catfish as Vietnam’s largest seafood export item in the first half of the year. Despite a shortage of raw materials, shrimp and catfish processors earned export revenues of $717 million and $650.3...

Jul 29, 2010 / More »

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