Vietnam Business News

---

• Textile enterprises not to worry about output for export
• Vietnam timber exporters learn about U.S. legal issues
• The Pegasus residence luxury villas opens in Dong Nai
• OceanBank debuts international Visa Debit
• Hanoi proposed zoning and high-rise development
• Dairy producers to hold prices stable
• HCM City to host shoe, leather expo
• State Bank to review capital needs
• Blue chips buoy VN-Index as Ha Noi sags
• Decree to create incentives for IT

Textile enterprises not to worry about output for export Posted: 27 Aug 2010 10:40 PM PDT According to Mr Nguyen Son, Deputy General Secretary of Vietnam Textile and Apparel Association (Vitas), through this year and even in the next few years, exporters should not worry about the lack of orders, but prepare resources to meet the export orders instead. According to Vitas, at present export orders for 2010 have been completed and [...]

Vietnam timber exporters learn about U.S. legal issues Posted: 27 Aug 2010 10:40 PM PDT A workshop was launched in Hanoi on August 23 to help Vietnamese timber suppliers update with revisions of the Lacey Act of the U.S., which is currently Vietnam's largest furniture importer. Timber producers should join hands in fighting illegal logging to boost supplies and therefore profits, said Francis Donovan, mission director of the US Agency for [...]

The Pegasus residence luxury villas opens in Dong Nai Posted: 27 Aug 2010 10:37 PM PDT In July, Toan Thinh Phat Investment – Architecture – Construction JSC announced The Pegasus Residence Project in Dong Nai. The project, in a beautiful location with architectural elegance and offering reasonable prices, has attracted many investors. Vietnam Business Forum talks with Mr Huynh Phu Kiet, Chairman and CEO of TTP Corp. What are the attractions of [...]

OceanBank debuts international Visa Debit Posted: 27 Aug 2010 10:35 PM PDT On August 18, 2010 in Hanoi, Ocean Commercial Joint Stock Bank (OceanBank) introduced international payment card called OceanBank Visa Debit. This is a new step in the banking technology development strategy of the lender in order to offer more utilities to customers. OceanBank became an official member of Visa card organisation since September 7, 2009. With [...]

Hanoi proposed zoning and high-rise development Posted: 27 Aug 2010 10:31 PM PDT The decision of the Prime Minister approving continued high-rise projects in the inner city is warmly welcomed by many investors, but they remain concerned because the general planning of Hanoi has not yet been approved by the Government. Many building specialists also said that the construction of high-rise projects is creating pressure on the technical and [...]

Dairy producers to hold prices stable Posted: 27 Aug 2010 10:23 PM PDT Milk-product producer Mead Johnson said it would not increase its prices this year. Two other companies, Hancofood Company and Dutch Lady, said they would also keep prices unchanged in 2010. — VNS

HCM City to host shoe, leather expo Posted: 27 Aug 2010 10:21 PM PDT The 12th International Shoe and Leather Exhibition will take place at the Sai Gon Exhibition and Convention Centre from September 8-10. The exhibition will showcase shoe – and leather-making machines and materials used in the manufacture of footwear. The exhibition is expected to attract representatives from 120 footwear firms from 13 countries, including China, Singapore, Italy, Germany, [...]

State Bank to review capital needs Posted: 27 Aug 2010 10:21 PM PDT The State Bank of Viet Nam has appointed a team to review and make any necessary adjustments to the capital that banks and credit institutions must hold. Decree 141/2006/ND-CP of November 2006 stipulates that commercial joint stock banks – now classified as either rural or urban – must have reserves of VND1 trillion ($51.28 million) by [...]

Blue chips buoy VN-Index as Ha Noi sags Posted: 27 Aug 2010 10:20 PM PDT Shares on the HCM City Stock Exchange managed a second day of gains yesterday, while stocks in Ha Noi resumed their downward spiral. In HCM City, the VN-Index rose by 0.48 per cent to end the session at 429.14 points. Market volume declined by 17 per cent from Thursday to just 32.8 million shares worth VND814.5 [...]

Decree to create incentives for IT Posted: 27 Aug 2010 10:19 PM PDT A draft decree on information technology parks (IT) will create opportunities for the development of both enterprises and the industry, according to analysts. The eight-chapter and 38-clause draft, compiled by the Ministry of Information and Communications (MIC), is expected to be submitted to the Government for approval in October. Under the draft, the IT parks will provide [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610