Vietnam Business News

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• Agricultural sector looks to raise standards
• Viet Nam, Russia to foster closer ties in nuclear energy
• Binh Duong sees significant growth in property market
• Thai-Viet Company to build $50m factory
• Titan gains market in Vietnam
• Free trade deals receive mixed reviews
• Alfamart to open 10 outlets in Vietnam
• Vietnam’s lending rates to drop – central bank governor
• Hanoi to offer 18 venues for Gold promotion
• All roads leading to My Dinh area

Agricultural sector looks to raise standards Posted: 02 Sep 2010 09:13 AM PDT Improving the quality of crop seeds and the professionalism of livestock breeders are two goals of the agricultural sector, according to the director of the Institute of Agricultural Science for Southern Viet Nam (IAS). Reviewing the progress of the sector and its future until 2025, Bui Chi Buu said that output and exports of farm produce, [...]

Viet Nam, Russia to foster closer ties in nuclear energy Posted: 02 Sep 2010 09:12 AM PDT Russia would co-operate with Vietnamese experts to establish a centre to train staff, experts and engineers in nuclear power plant operations as well as establish a research academy on nuclear energy, said General Director of Russia’s Rosatom State Corporation Sergey Kirienko yesterday. He was meeting with President Nguyen Minh Triet on his visit to Viet Nam. At [...]

Binh Duong sees significant growth in property market Posted: 02 Sep 2010 09:11 AM PDT Southern Binh Duong Province is experiencing a rapid economic growth along with a surge in activity in the residential property segment. Between April and July, the province, which is near HCM City, saw four new residential projects enter the market for sale, with a total of 555 units including apartments, villas/ townhouses and land plots. Currently, there [...]

Thai-Viet Company to build $50m factory Posted: 02 Sep 2010 09:11 AM PDT Thai-Viet Bio-ethanol Company received a license early this week to build a factory to produce ethanol, fertilisers and animal feeds. The factory, located in the central province of Ninh Thuan, has an investment capital of VND950 billion (US$50 million). It is slated to start construction in 2011 and come into operation in early 2013. The plant [...]

Titan gains market in Vietnam Posted: 02 Sep 2010 09:08 AM PDT Vietnam is proving to be a successful market for Indian watchmaker Titan. It is the third largest brand in terms of volume in this market (estimated to be 70,000 this year), behind Citizen and Casio. Vietnam is proving to be a successful market for Indian watchmaker Titan. It is the third largest brand in terms of [...]

Free trade deals receive mixed reviews Posted: 02 Sep 2010 09:06 AM PDT Free trade agreements (FTAs) in general have led to higher economic growth, but regional FTAs have had mixed results, experts have said. “Import and export growth has been at a maximum of around 7 per cent under partial compliance with all FTAs signed by Viet Nam,” said David Vanzetti of Australian National University. “Most of the export-import [...]

Alfamart to open 10 outlets in Vietnam Posted: 02 Sep 2010 09:04 AM PDT PT Sumber Alfaria Trijaya Tbk, who owns the retail network Alfamart minimarket, will open Alfamart outlets in Vietnam. PT Sumber Alfaria Trijaya Tbk, who owns the retail network Alfamart minimarket, will open Alfamart outlets in Vietnam. "The agreement is expected to be completed in September, so the outlets could be opened this year," said the PT Sumber [...]

Vietnam’s lending rates to drop – central bank governor Posted: 02 Sep 2010 09:04 AM PDT Short-term lending rates in Vietnam are expected to come down, thanks partly to funds the central bank has extended to banks, State Bank of Vietnam governor Nguyen Van Giau was quoted on Wednesday as saying. Lending rates were not falling quickly at present because banks were cutting deposit rates slowly, Giau said in an interview published [...]

Hanoi to offer 18 venues for Gold promotion Posted: 02 Sep 2010 09:03 AM PDT The Hanoi Industry and Trade Department on August 31 announced a promotion month that will begin in Hanoi as of November. They have planned about 1,000 promotion selling points, involving more than 350 businesses. The event's organizers will select 18 points for promoting the sale of gold on two 'gold days' – November 13 and 14. The [...]

All roads leading to My Dinh area Posted: 02 Sep 2010 09:03 AM PDT Hanoi's expansion plans to the west are shaping the My Dinh area, 11 kilometres from the capital's downtown, to become the capital's second state administration hub. In a related move, the central government has recently urged Hanoi People's Committee, in cooperation with the Ministry of Construction and other relevant governmental agencies, to complete plans to develop [...]

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