Saturday, August 28, 2010

Vietnam Business News

Vietnam Business News

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 [...]


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