Vietnam Business News

---

• Diminishing market to offer big opportunities
• How accountability supports development
• Decree 69 sees golf courses hit the rough
• Firms feel heat from FX changes
• Inflation on the backfoot
• Blue-ear disease strikes the South
• ASEAN’s position towards the G20 Seoul Summit
• Vietnam central EZ attracts US$1.35B FDI so far
• Vietnam natural gas output +20% to 6.34B cbm in Jan-Aug
• AmCham says Vietnam most attractive destination for U.S. investors

Diminishing market to offer big opportunities Posted: 04 Sep 2010 09:23 AM PDT Therefore, given the volatility of the VN-Index, we recommend short-term investors keep a watch and restrict transactions The domestic stock markets continue plunging to new lows throwing up many undervalued stocks. The VN-Index last week free fell to 429.14 points on August 28, a 6 per cent drop against the previous week's 454.84 points, the lowest level [...]

How accountability supports development Posted: 04 Sep 2010 09:21 AM PDT Vietnam has managed to escape the "Aid curse", but many countries stand as examples how donor funding, if not managed carefully, can hinder governance and the need for accountability Vietnam is one of the 10 largest recipients of official development assistance (ODA). Last year it received a 16-year record high donor commitment of $8 billion for [...]

Decree 69 sees golf courses hit the rough Posted: 04 Sep 2010 09:12 AM PDT Golf course projects in Lam Dong province are running onto the rocks as land clearance compensation costs swell due to last year's Decree 69. Hoang Cong Huan, director of Hong Lam Limited Company – developers of the 222-hectare Madagui golf course project, said: "Most of new golf course projects in the province can't go into operation [...]

Firms feel heat from FX changes Posted: 04 Sep 2010 09:09 AM PDT The State Bank's latest exchange rate revision is tormenting many enterprises. The auto importing segment is one of many business sectors feeling the heat. Ha Thi Giang, a sales representative from Vietnam Star Automobiles Ltd. Company – which distributes Mercedes-Benz cars, said the new exchange rate revision had hurt her company. "The move may affect our car [...]

Inflation on the backfoot Posted: 04 Sep 2010 09:08 AM PDT Inflation appears to have been tamed for 2010 creating favourable conditions for the government to further support growth. The slight consumer price index (CPI) increase for four straight months signaled inflation this year could be below the targeted 8 per cent. According to the General Statistics Office (GSO) , the CPI in August rose 0.23 per [...]

Blue-ear disease strikes the South Posted: 04 Sep 2010 09:08 AM PDT Blue-ear disease has infected pigs in 30 southern provinces, including the Mekong Delta, during the last 21 days, reports the Animal Health Department. The latest infections were identified in southern Binh Phuoc, An Giang, Ca Mau and Tra Vinh on Thursday, it says. The Agriculture and Rural Development Ministry has asked provincial officials to take immediate measures [...]

ASEAN’s position towards the G20 Seoul Summit Posted: 04 Sep 2010 09:07 AM PDT A seminar on ASEAN's position towards the G20 Seoul Summit was recently held in Hanoi by the Vietnamese Ministry of Finance and the South Korean Ministry of Strategy and Finance. South Korea is the host of G20 Seoul Summit 2010, while Vietnam is the president of ASEAN 2010, which represented ASEAN at the G20 Toronto Summit [...]

Vietnam central EZ attracts US$1.35B FDI so far Posted: 04 Sep 2010 09:07 AM PDT Chan May-Lang Co Economic Zone (EZ) in the central province of Thua Thien-Hue has attracted 10 foreign-invested projects totaling US$1.35 billion so far. Among those, a US$1-billion ecological tourism resort project invested by Singapore's Banyan Tree Group is the biggest in the zone. Thua Thien-Hue province has spent over VND1.6 trillion to upgrade the zone infrastructure, focusing [...]

Vietnam natural gas output +20% to 6.34B cbm in Jan-Aug Posted: 04 Sep 2010 09:06 AM PDT Vietnam is estimated to have produced 6.34 billion cubic meters of natural gas in the first eight months of this year, said the government's General Statistics Office (GSO). The figure indicates a rise of 20% from a year earlier, the office attributed. The country's natural gas output was up 17.6% from a year earlier to 760 million [...]

AmCham says Vietnam most attractive destination for U.S. investors Posted: 04 Sep 2010 09:06 AM PDT Vietnam has become the most attractive destination in ASEAN region for the U.S. companies, the American Chamber of Commerce (AmCham) said in a business outlook survey released on August 26. The survey covered 328 the U.S. firms operating in Cambodia, Indonesia, Malaysia, the Philippines, Thailand, Singapore and Vietnam, with 57% of them doing business in Vietnam, [...]

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