The Netherlands Council for Trade Promotion (NCH) on February 25 organised a meeting between Dutch businesses and representatives of the Vietnamese embassy, entrepreneurs on the occasion of the Lunar New Year Festival. Participants discussed Vietnam’s new trade and investment policies and the possibility of cooperation. Addressing the ceremony, Van Gulick, Chairman of the Netherlands-Vietnamese Chamber [...]
Feb 28 2010 | Posted in
Investment |
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After a slight recovery, the world’s gold prices have continued to increase by US$10/ounce, making the domestic price of gold rise correlatively and surpass the VND26.6 million/tael mark on February 27. In the New York market on February 26, gold was up by US$10.4/ounce to US$1,118.9/ounce when investors became less worried about the debt in [...]
Feb 28 2010 | Posted in
Gold |
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Deputy Prime Minister Hoang Trung Hai has asked the state-owned oil giant PetroVietnam to conduct a feasibility study on building the second natural gas pipeline in the country’s Nam Con Son Basin. According to the document signed by the Deputy PM, the pipeline, which is part of a master plan to develop the country’s oil [...]
The France-based Jaccar Group is to buy 30 percent of the My Lan Chemical Company stock and turn it into a leader in the printing industry in Vietnam and the region as well. Under an agreement signed on February 27, the financial giant will inject US$12 million into the My Lan Company’s coffers to build [...]
Feb 28 2010 | Posted in
Stock |
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The world’s two major rice exporters, Vietnam and Thailand, will take measures to stabilize the price of rice, which has been decreasing during the last four weeks. The falling price of rice is said to be caused by the Thai government’s decision to sell rice from its storage depot. Another reason is that Africa and [...]
Feb 28 2010 | Posted in
Import-Export |
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Ngo Thi Kim Cuong of the Da Nang’s Agro-Forestry and Aquatic Extension Centre describes the new techniques as special trawling for pomfret, longline fishing and combination trawling. Three new fishing techniques are reported to have provided five-to-seven-fold higher catches since their introduction late last year. Ngo Thi Kim Cuong of the Da Nang’s Agro-Forestry and [...]
Feb 28 2010 | Posted in
Agriculture |
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The director of the State Bank of Viet Nam’s issuance and vault department, Nguyen Chi Thanh, spoke to Thoi bao Ngan hang (Banking Times) about the use of fake banknotes for votive offerings Presently, ghost money, which has a passable reproduction of real Vietnamese money circulated by the State Bank of Viet Nam, is available [...]
Commercial banks have begun easing off one of the highest deposit interest rates they offer, trimming rates from the regulated maximum of 10.49 per cent per year. “Banks are now tending to offer more reasonble interest on medium- and long-term deposits to reduce the pressure it puts on lending interest rates as well as to [...]
The cost of leasing offices in Ho Chi Minh City dropped 53 per cent last year as the global slump forced companies to shelve expansion plans, according to real estate broker Cushman & Wakefield Inc. After a number of years with positive rental growth, rents in HCM City fell dramatically in 2009. The largest drop [...]
Feb 28 2010 | Posted in
Real Estate |
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Bumper salt harvest this year has brought no cheer to farmers in many Mekong Delta provinces who are worried about their livelihoods as prices continue to drop and more imports are planned, a SGGP study has found. In the communes of Long Dien Tay, Long Dien Dong, and Dien Hai of Dong Hai District in [...]
Feb 28 2010 | Posted in
Agriculture |
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