Vietnam Business News

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• Realised FDI at $6.4b
• Economic growth boosts employers’ confidence
• Analysts say caution needed for property scrip
• Ford hopes free driver’s ed in Vietnam leads to sales
• HDBank raises 3tr dong from bond sale
• Int’l capital funds turn to private sector
• Over US$7 billion invested in Vung Ang economic zone
• Brokerages face in-house investment-disclosure rule
• Shares slump after late sell-off
• IT expert predicts VN industry will grow 30%

Realised FDI at $6.4b Posted: 04 Aug 2010 11:51 PM PDT The inflow of foreign direct investment (FDI) into the country crashed to a mere $508 million in July compared to the monthly average $1.3 billion in the first half, marking a clear downtrend in FDI attraction. The downtrend has been clearer in recent months, dropping from $1.5 billion in May to the $800 million in June [...]

Economic growth boosts employers’ confidence Posted: 04 Aug 2010 11:50 PM PDT Vietnamese employers have become more confident in hiring staff to expand their businesses thanks to an upward trend in the economy, a study by recruitment agency VietnamWorks.com has found. The Online Employment Indicator Report released last week says there was a 40 percent year-on-year increase in labour demand in the second quarter of 2010. Compared to the [...]

Analysts say caution needed for property scrip Posted: 04 Aug 2010 11:50 PM PDT Many real estate companies have listed shares on the stock market but experts warn investors on risks associated with this kind of stocks despite its attraction on high profits. The southern bourse welcomed three property companies last week and has received listing dossiers of many other real estate firms which expect to float shares on the [...]

Ford hopes free driver’s ed in Vietnam leads to sales Posted: 04 Aug 2010 11:49 PM PDT The cars idle at the starting line of an empty airfield that seems primed for racing. The engines start. And one by one, they take off — but with a steady glide rather than a screech of tires. This is not an adrenaline-pumping driving school. But it’s how Ford Motor (F) is hoping to turn a [...]

HDBank raises 3tr dong from bond sale Posted: 04 Aug 2010 11:48 PM PDT Housing Development Bank, the Vietnamese lender known as HDBank, raised 3 trillion dong ($157 million) from a sale of bonds to help restructure its capital. The lender sold 1 trillion dong of two-year bonds, 1.5 trillion dong of three-year bonds and 500 billion dong of five- year notes, Head of Treasury Hoang Duc Long said in [...]

Int’l capital funds turn to private sector Posted: 04 Aug 2010 11:47 PM PDT Aureos Southeast Asian Fund (ASEAF) invested US$4.2 million in the Tran Anh Digital World Joint Stock Company in late July, saying it trusts the electronics retail industry's potential. The Vietnam Azalea Fund under Mekong Capital has invested US$9.1 million in the Nam Long Investment Joint Stock Company to buy 2.7 million shares, equivalent to 6.7 percent [...]

Over US$7 billion invested in Vung Ang economic zone Posted: 04 Aug 2010 11:46 PM PDT The General Director of Chinese Formosa Group, Ngo Quoc Hung, has stated that the group will raised its investment in the Vung Ang Economic Zone from US$16 billion to US$23 billion. Mr Hung made the pledge at a meeting with the Chairman of the Ha Tinh provincial People's Committee, Vo Kim Cu while he was on [...]

Brokerages face in-house investment-disclosure rule Posted: 04 Aug 2010 11:45 PM PDT Securities companies may have to disclose the details of their own investment portfolios if the Ministry of Finance ratifies a proposal to reform financial reporting. The proposal would aim to make stock brokerages more transparent at a time when many investors have become skeptical about the self-interested investments of these firms. “Brokerage activities enable securities companies to [...]

Shares slump after late sell-off Posted: 04 Aug 2010 11:44 PM PDT A sell-off in the final minutes of yesterday’s session on the HCM City Stock Exchange drove the VN-Index to a close of 486.71 points, a decline of 1.06 per cent – with the prices of 172 out of 255 listed stocks slumping by the end of the day. The value of trades remained sluggish, at VND1.2 [...]

IT expert predicts VN industry will grow 30% Posted: 04 Aug 2010 11:44 PM PDT Patrick McGovern, chairman of International Data Group, which has provided communications and technology products and services for 120 million customers in 95 countries, paid an annual visit to Viet Nam to attend an IT exhibition. Viet Nam News reporter Vu Hoa talked with him about the group’s plans. What is your assessment of Viet Nam’s IT [...]

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