Vietnam Business News

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• Over 202.1tr dong invested in power projects
• HCM City’s highest tower to be inaugurated in Oct
• VN Index stands still while HNX index loses 2pct
• 140b dong to be invested in Nha Be-Tam Quan clean industrial complex
• Cai Cui-Can Tho Port-2nd phase to be put into operation
• No amendments in Circular 13 to be made
• Eximbank raises US dollar deposit rates for third time
• WHO experts in Hanoi for regional tobacco workshop
• Vietnam – a fruitful destination for investors
• Pepper prices likely to fall on good stocks with traders

Over 202.1tr dong invested in power projects Posted: 14 Sep 2010 11:56 PM PDT Electricity of Vietnam (EVN) Group announced that during the 2006-2010 period, the group has conducted largest electricity projects with total investment capital of over 202.1 trillion dong. With such huge investment capital, during the past five years, the group has constructed and put into operation 21 power generating projects with total designed capacity of 6,280 MW. [...]

HCM City’s highest tower to be inaugurated in Oct Posted: 14 Sep 2010 11:54 PM PDT Bitexco Group signed a contract of leasing Bitexco Financial Tower (BFT)’s offices with Regus Corp, the world’s leading global provider of innovative workplace solutions on September 13. On the same day, Bitexco inked another deal of light show at inauguration ceremony at the end of October with Prisme International, Inc. Like the lotus flower bud, the 262 [...]

VN Index stands still while HNX index loses 2pct Posted: 14 Sep 2010 11:49 PM PDT After Sep 15 session, Vietnamese stock markets reversed to decline after a slight increase in previous session. On the southern bourse, the VN Index was backed up by large cap share codes while the HNX Index of the northern floor sharply slumped because of lack of this support. After the first trading session, the index of Hochiminh [...]

140b dong to be invested in Nha Be-Tam Quan clean industrial complex Posted: 14 Sep 2010 11:47 PM PDT Last weekend, Nha Be Garment Corp officially started construction works on Nha Be-Tam Quan clean industrial complex in Tam Quan Town, Hoai Nhon Dist, Binh Dinh province with total investment capital of 140 billion dong. The project is to be carried out in two phases. In the first phase, the corporation plans to build four garment [...]

Cai Cui-Can Tho Port-2nd phase to be put into operation Posted: 14 Sep 2010 11:47 PM PDT Vietnam National Shipping Lines Corp (Vinalines) announced to officially open and put into operation the Cai Cui Port – second phase and Logistics Zone in Cai Rang Dist, Can Tho City. The Cai Cui Port project – the second phase includes construction works on one container port, and two ports for miscellaneous commodities that can receive [...]

No amendments in Circular 13 to be made Posted: 14 Sep 2010 11:45 PM PDT Unlike many people’s expectations that the implementation of Circular No.13/2010/TT-NHNN would be delayed to next year, or some provisions related to the safety ratios would be adjusted, Governor of the State Bank of Vietnam (SBV) affirmed that the orientation and the objectives of SBV are very clear, and Circular 13 would only be a step [...]

Eximbank raises US dollar deposit rates for third time Posted: 14 Sep 2010 11:44 PM PDT Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) announced to adjust the interest rates for US dollar depositors to the highest level of 4.95 percent per year. Starting from Sep 15, the customers who participate in the bank’s current promotion programme of “Gui USD huong lai suat cao” or depositing in US dollars for high interest rates. [...]

WHO experts in Hanoi for regional tobacco workshop Posted: 14 Sep 2010 10:18 PM PDT WHO medical experts and delegates from 10 regional countries are gathering in Hanoi for a three-day workshop on building a fund for tobacco harm prevention and control, and health improvement. Addressing the opening ceremony on Sept. 14, Deputy Health Minister Nguyen Thi Xuyen emphasized that smoking has greatly affected both economic activity and people's health. The workshop [...]

Vietnam – a fruitful destination for investors Posted: 14 Sep 2010 10:18 PM PDT Vietnam has been described an ideal destination for investors by participants at a seminar held in Washington, USA on September 15. Vietnam continues to be an important nation for US investors and businesses and two-way trade turnover between the two countries has increased by 700 percent over the last decade. Many US investors want to go [...]

Pepper prices likely to fall on good stocks with traders Posted: 14 Sep 2010 09:17 PM PDT With major pepper buyers adequately stocked for the season, traders said pepper prices might now come down from their current highs. With major pepper buyers adequately stocked for the season, traders said pepper prices might now come down from their current highs. Traders said as Indian pepper is out priced in global trade and imports are also [...]

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