“Vietnam and China plan to increase their two-way trade value to US$25 billion in 2010,†announced Deputy Minister of Industry and Trade Nguyen Thanh Bien at the Shaanxi – Hanoi investment and trade seminar in Hanoi on March 31. Mr Bien said that the trade value has increased by 20-25 percent in recent years, and [...]
Metro Cash & Carry on March 31 broke the ground on a new commercial centre in Long Xuyen, An Giang province. The centre is being built on an area of more than 3ha, including 6,500sq.m for sales of more than 25,000 products. It is expected to open later this year and generate 400 jobs. This [...]
Korean-invested Sky Expo Vietnam Co. will start work on a large-scale exhibition center in HCMC’s Quang Trung Software City in the middle of next month, mainly to cater to ICT events in the country, said the investor. Sky D. Kim, general director of Sky Expo Vietnam, told the Daily on Monday the sprawling exhibition center [...]
The central bank’s HCMC branch has said total mobilization of credit institutions in the city in March is estimated at VND608 trillion, up 0.77% from early this year, while the figure in late February declined 0.45%. However, considering the mobilization mechanism, there is still little capital in Vietnam dong coming out of the banking system. [...]
Google Inc has said it identified cyber attacks aimed at silencing opposition to a Vietnamese government-led bauxite mining project involving a major Chinese firm, and said they were similar to those at the heart of the company’s friction with Beijing. The computer security firm McAfee Inc, which detected the malware, went a step further, saying [...]
Vietnamese dong lending rates have risen slightly in the past week due to higher month-end loan demand, but bankers said on Monday they did not expect much change this week as banks had ample cash. Businesses complained that lending rates of around 18 percent were prohibitive, while banks were reporting trouble attracting deposits due to [...]
The State Bank of Viet Nam issued Circular No.09/2010/TT-NHNN on March 26, regulating the establishment of commercial banks. The new regulation provides that founding shareholders may not contribute authorised capital in the form of loans and will be held responsible for the legality of the contribution. Founding shareholders are subject to strict financial capacity requirements [...]
The People’s Committee of central Ha Tinh Province granted three investment licences for new operations at the Vung Ang Economic Zone. Two South Korean firms, Vision Land Co., Ltd and Humantech Company, received licences and will bring more than US$50 million in investment capital in their first stage. Addition of these two new projects will [...]
An accelerated sell-off of shares caused the HCM City Stock Exchange to undergo a correction yesterday, March 30, with the VN-Index closing off by nearly 1 per cent to 500.72. But, following Monday’s sluggish pace, the overall value of the day’s trades returned to a more active VND2.22 trillion (US$116.8 million), on a total volume [...]
A Laotian-English magazine named “ LANEXANG Business Culture Magazine†was launched at a press conference in Vientiane, Laos on March 30. The magazine, 29x23cm with 90 pages and printed in 4 colours, will be published monthly to serve businesses in the Southeast Asian Nations to exchange their experiences, promote their brands, boost production and strengthen [...]
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
Gold price Silver prices