Vietnam Business News

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• Vietnam helps to develop new urban area in Laos
• EVN sends 912 million kWh of power to Cambodia in 16 mths
• Industries ignore local content
• SP-PSA Port reports record productivity
• Vietnam Airlines add 20 domestic flights
• Finance, property shares dominate market
• Indices perk up ahead of holidays
• Mobile phone service providers offer widespread tariff reductions
• Youth unions form entrepreneurs’ club
• Da Nang tourism sees 30-40 per cent seasonal increase

Vietnam helps to develop new urban area in Laos Posted: 01 Sep 2010 08:50 PM PDT The Ha Do Group in Vietnam will invest US$250 million to help develop a new urban area in the Chanthabouly district of Vientiane, the capital city of Laos. The project was signed by the Director of Vientiane's Department of Planning and Investment, Visay Savanna and the Chairman of the Ha Do Group, Nguyen Trong Thong, in [...]

EVN sends 912 million kWh of power to Cambodia in 16 mths Posted: 01 Sep 2010 08:46 PM PDT Electricity of Viet Nam (EVN) has supplied nearly 912 million kWh of power over the past 16 months to Cambodia. The national power utility released these figures at a conference on the Chau Doc-Takeo 220kV transmission line held in HCM City on Tuesday. The meeting was organised by EVN’s National Power Transmission Co (NPT) and Electricity of [...]

Industries ignore local content Posted: 01 Sep 2010 08:45 PM PDT Key national projects in several sectors are being implemented with little or no input from the domestic sector in the supply of equipment or materials, and this could have long-term consequences for local industries, experts have warned. Local enterprises are unable to win equipment and material supply contracts for projects despite having the capacity because they [...]

SP-PSA Port reports record productivity Posted: 01 Sep 2010 08:44 PM PDT The SP-PSA International Port in Ba Ria-Vung Tau Province has gained record productivity for one container vessel, with an average discharge rate of 106 containers per hour. The port discharged a record 5,174 TEU from a container ship called the APS Iris, which belongs to APL-NOL, a US marine transport company. The ship has direct weekly [...]

Vietnam Airlines add 20 domestic flights Posted: 01 Sep 2010 08:43 PM PDT Vietnam Airlines plans to add six additional flights to the Ha Noi – Nha Trang route, four flights to the HCM City – Nha Trang route and ten flights to the HCM City – Phu Quoc link. This move aims to meet the greater demand on travelling during the National Day holiday. The carrier will use larger [...]

Finance, property shares dominate market Posted: 01 Sep 2010 08:42 PM PDT On the two national stock exchanges, the twenty largest shares by value, and those which greatly influence domestic stock indices, are mostly financial and real estate shares. The VN-Index and HNX-Index are calculated based on market value of all listed stocks, so changes in the leading shares by value – market price multiplied by the number [...]

Indices perk up ahead of holidays Posted: 01 Sep 2010 08:42 PM PDT A steady performance overnight by the Dow Jones strengthened domestic investor confidence in local stock exchanges, helping lift the VN-Index for a third day to close at 458.75 points, an increase of 0.81 per cent. The volume of trades on the HCM City Stock Exchange remained modest at 46.7 million shares, worth a total of VND1.2 [...]

Mobile phone service providers offer widespread tariff reductions Posted: 01 Sep 2010 08:41 PM PDT S-Fone and Vietnamobile reduced their service fees for mobile phone subscribers yesterday. The two telecom firms’ decision to reduce rates were unveiled after similar initiatives were passed by Viettel, VinaPhone and MobiFone last month. The fees were cut by an average of 15 per cent for subscribers using Standard, Economy, 4M, Daily and Smile, reported S-Fone. Ho Hong [...]

Youth unions form entrepreneurs’ club Posted: 01 Sep 2010 08:41 PM PDT Ho Chi Minh Communist Youth Union and Viet Nam Young Entrepreneurs Association have set up an online consulting and support programme for young entrepreneurs. Nguyen Manh Cuong, deputy chairman of the association, said www.thanhgiong.vn, created in collaboration with E-learning Bachelor Training Programme and the Viet Nam Youth Union, seeks to reduce unemployment and contribute to [...]

Da Nang tourism sees 30-40 per cent seasonal increase Posted: 01 Sep 2010 08:40 PM PDT The number of domestic tourists visiting the central city of Da Nang this summer increased by 30-40 per cent, estimates Vietnam Airlines, with a resulting shortage of both airline tickets and hotel rooms. Le Ngoc Vinh, managing director of Son Tra Resort & Villas, spoke to Viet Nam News reporter Nguyen Ngoc Duy about the [...]

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