Vietnam is now listed among top five footwear producers in the world. Yet Vietnamese enterprises must still import the majority of materials needed for production. Nguyen Duc Thuan, Chair of the Vietnam Leather and Footwear Association, spoke with Dau tu reporters about what companies need to step up production and boost exports. Dau tu: Some [...]
Manufacturers and suppliers have decided to raise sale prices for goods after the State Bank of Vietnam announced a 2.1 percent adjustment in the dong/dollar exchange rate on August 18. Supermarkets warn of price increases Vu Vinh Phu, Chair of the Hanoi Supermarket Association, said some supermarkets in the north are planning to raise sales [...]
After the State Bank of Vietnam (SBV) devalued the dong by 2.1 percent on August 19, loans in both Vietnam dong and foreign currencies have the same levels of short-term risk for businesses. However, the short supply of foreign currencies and SBV efforts to curb the trade deficit will make it difficult for businesses to [...]
The last session of August continued witnessing a large point-gaining session of Vietnamese stock markets. The VN index easily regained the threshold of 450 points. By the end of the first trading phase, the VN Index cautiously increased by 3.31 points or 0.74 percent to 447.86 points. However, in the following phase, many listed share [...]
Local gold prices on Tuesday hovered around VND28.90 million/tael and VND28.99 million/tael for buying and selling, respectively while dollar prices hold as world gold prices steadied on U.S data and ETF eyed. Local gold prices on Tuesday hovered around VND28.90 million/tael and VND28.99 million/tael for buying and selling, respectively while dollar prices hold as world [...]
Vietnam Joint Stock Bank for Industry and Trade (CTG) got approval from the State Bank of Vietnam (SBV) on August 30 to establish Vietinbank gold trading arm in form of a single member limited liability company, said the central bank on its website. Vietnam Joint Stock Bank for Industry and Trade (CTG) got approval from [...]
Vietnamese stocks closed a disappointed August with a surge as both foreign and local investors rushed to buy shares on hopes of better September, extending the gaining track to 4 days in a row. The benchmark VN Index jumped 10.53 points or 2.36% to 455.08 on August 31. Volume soared 60.68% to 55.6 million shares [...]
The country’s export turnover has reached more than US$44.5 billion over the past eight months, up 19.7 percent against the same period last year, according to the Vietnam General Department of Customs. Of this figure, foreign-invested businesses earned over US$17.6 billion, up 40 percent. Many groups of export items posted a high growth such as [...]
The 2010 Hanoi International Expo opened in Hanoi on August 30, with a total of 800 stands put up by 400 Vietnamese and foreign organisations and businesses from industrial, agricultural, cosmetics and electronics sectors. Present at the opening ceremony were Vice Chairman of the National Assembly, Uong Chu Luu, Deputy Prime Minister Pham Gia Khiem, [...]
Vietnam’s is one of the fastest developing beer markets in Southeast Asia with 1.6 billion liters sold in 2009, 56 percent more than 2004. Vietnam now ranks second after Cambodia in beer consumption in Southeast Asia. According to a global market research company, Euromonitor International, the Vietnamese beer market will continue to grow at 5.6 [...]
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