Vietnam Business News

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• Vitranschart offering Phuong Dong 2 ship
• Song Da 7 plans to gain 48.6b dong profit in H2
• Deposit rates in US dollar unlikely to go very high
• Good liquidity: Vietnam banks boost credit growth
• Vietcombank funds Vinpearl Da Nang Luxury Resort and Residences
• Vietnam, RoK continue with labour export cooperation
• Vietnam, Mongolia expect US$2 million in trade
• Vietnamese Culture Festival held in Berlin
• Da Nang eager to attract more investors from RoK
• Numerous tours for holiday goers

Vitranschart offering Phuong Dong 2 ship Posted: 29 Aug 2010 10:29 PM PDT Vietnam Sea Transport and Chartering Joint Stock Co (Vitranschart-coded VST) proposes to sell Phuong Dong No2, a ship. The relevant procedures for selling the ship has been completed excepting for price agreement with the purchaser, said the firm’s representative. This year VST plans to liquidate the two ships: the Far East and Phuong Dong 2 to [...]

Song Da 7 plans to gain 48.6b dong profit in H2 Posted: 29 Aug 2010 10:29 PM PDT Song Da Joint Stock Company No7 (SD7) plans to boost its revenue to 947 billion dong, profit 48.6 billion dong in second half of this year. SD7 has been developing Son La, Nam Chien, Su Pan hydropower works and two other projects: 60 hectare – Dong Quang urban area, Quoc Oai, Hanoi at total 8.589 billion [...]

Deposit rates in US dollar unlikely to go very high Posted: 29 Aug 2010 10:27 PM PDT Though, many banks had to raise US dollar deposit rates, However, increasing interest rates in US dollar will not occur strongly, Dr Le Xuan Nghia, vice President of the National Financial Supervisory Commission said while answering the press. He said that the recent exchange rate adjustment has made the real values of dong and US dollar [...]

Good liquidity: Vietnam banks boost credit growth Posted: 29 Aug 2010 10:26 PM PDT Credit growth of Vietnamese commercial banks seems to have been better as the demand for loans on the open market is declining very rapidly in the past week. Commercial banks forecastthat credit growth is advancing towards the target set out by 23-25 percent in 2010 as they are actively undertaking many measures to disburse loans to [...]

Vietcombank funds Vinpearl Da Nang Luxury Resort and Residences Posted: 29 Aug 2010 10:26 PM PDT Vinpearl Corporation and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank-coded VCB) held signing ceremony in the morning August 27 for $35 million fund for Vinpearl Da Nang Luxury Resort and Residences project and $20 million for villa purchasers. Vinpearl Da Nang Luxury Resort and Residences, high-ranking villa, hotel and resort area covers 15.4 [...]

Vietnam, RoK continue with labour export cooperation Posted: 29 Aug 2010 10:23 PM PDT Vietnam and the Republic of Korea (RoK) have renewed the memorandum of understanding (MoU) on supplying and receiving Vietnamese guest workers under the employment permit system (EPS) programme. At the signing ceremony in Seoul on August 29, Vietnamese Deputy Minister of Labour, Invalids and Social Affairs Nguyen Thanh Hoa emphasized that the extension of the MoU [...]

Vietnam, Mongolia expect US$2 million in trade Posted: 29 Aug 2010 10:23 PM PDT Vietnam and Mongolia have agreed to set up their business associations with the aim of obtaining US$12 million in two-way trade by 2012. The agreement was made during the 14th session of the Mongolia-Vietnam Inter-governmental Committee on economic, trade and scientific-technological cooperation held in Ulan Bato from August 26-29. The Mongolian side was led by Tunjin Badamjunai, [...]

Vietnamese Culture Festival held in Berlin Posted: 29 Aug 2010 10:22 PM PDT The Vietnamese Culture Festival was held on August 28-29 in Berlin, Germany, to mark the 35th anniversary of the Vietnam-Germany diplomatic ties. The two-day festival included a photo exhibition on Vietnamese land, people and culture, traditional martial arts, folk song and dance performance. It also featured a display of Vietnam's handicraft products as well as the [...]

Da Nang eager to attract more investors from RoK Posted: 29 Aug 2010 10:21 PM PDT Da Nang will always create the best possible conditions for businesses to invest in the city, says a local senior official. Phung Viet Tan, Vice Chairman of the Municipal People's Committee, underlined this at a seminar on promoting trade and investment with the Republic of Korea (RoK) on August 30, which was attended by representatives from [...]

Numerous tours for holiday goers Posted: 29 Aug 2010 10:20 PM PDT A range of diverse inbound and outbound tours have been introduced over the last year. Tran Thi Hai Yen, a representative from Vietrans Tour said that the number of outbound tours has increased by 20 percent over last year with the most popular destinations being China, Hong Kong, and Malaysia. Currently, these tours are fully booked. Due [...]

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