Vietnam Business News

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• VN pushes for investment cooperation with China
• HCM City Expo 2010 to take place in Cambodia
• VSIP gets environmental accreditation
• Firms revise profit totals after audits
• Real estate expo to open in Da Nang
• Firms encouraged to embrace online bids
• Carbon filters set to cut CO2 emissions
• September inflation set for small rise
• Banks sprint to profit goal finish line
• Construction price index fails to reflect market fluctuations

VN pushes for investment cooperation with China Posted: 17 Sep 2010 09:01 PM PDT A Vietnamese delegation led by Minister of Planning and Investment Vo Hong Phuc paid a working visit to China at the invitation of the Chinese National Development and Reform Commission (NDRC) from Sept. 12-18. A Vietnamese delegation led by Minister of Planning and Investment Vo Hong Phuc paid a working visit to China at the invitation [...]

HCM City Expo 2010 to take place in Cambodia Posted: 17 Sep 2010 09:01 PM PDT The Vietnam-Cambodia trade fair 2010 (Ho Chi Minh City Expo 2010) will take place in Battambang province, Cambodia, from October 20-24, with 150 Vietnamese business exhibitors. The Vietnam-Cambodia trade fair 2010 (Ho Chi Minh City Expo 2010) will take place in Battambang province, Cambodia, from October 20-24, with 150 Vietnamese business exhibitors. On display in 250 booths [...]

VSIP gets environmental accreditation Posted: 17 Sep 2010 08:59 PM PDT The Vietnam Singapore Industrial Park (VSIP) has been awarded the ISO 14001:2004 certificate for taking a proactive approach to managing environmental issues and implementing actions to work towards environmental sustainability. VSIP is the first industrial park in the southern province of Binh Duong to be certified with the ISO 14001:2004 and also the first industrial park [...]

Firms revise profit totals after audits Posted: 17 Sep 2010 08:58 PM PDT Auditing of the first-half financial statements of a number of listed companies has resulted in many issuing revised profit figures, raising investor doubts about the reliability of corporate financial disclosures. This year has been the first in which publicly-traded companies have been required to disclose audited, semi-annual financial statements. Net profits of Sacombank (STB) were adjusted downward [...]

Real estate expo to open in Da Nang Posted: 17 Sep 2010 08:58 PM PDT The first real estate exhibition to be held at the Da Nang Exhibition and Fair Centre in the central city will open from November 25-28. The exhibition will include 350 stalls and 100 enterprises in the fields of real estate, architectural consultancy and home decor. Its aim is to introduce real estate projects in Da Nang city [...]

Firms encouraged to embrace online bids Posted: 17 Sep 2010 08:57 PM PDT The Ministry of Planning and Investment encouraged companies and organisations to start using online bidding on Tuesday. Companies will bid for services such as consultation, goods purchases and public tenders of construction projects. It will be piloted by the Ha Noi People’s Committee, the Viet Nam Post and Telecommunications Group (VNPT) and Electricity of Viet Nam.

Carbon filters set to cut CO2 emissions Posted: 17 Sep 2010 08:57 PM PDT PetroVietnam Fertiliser and Chemicals Company put into operation a system of filters to collect carbon dioxide (CO2) emissions from the Phu My Fertilizer Plant on Tuesday. The US$27 million system was designed to help raise current productivity by 60,000 tonnes of urea per year and reduce CO2 emissions to protect the environment. With the new system, the [...]

September inflation set for small rise Posted: 17 Sep 2010 08:56 PM PDT Inflation is unlikely to increase sharply in September despite some factors likely to exert upward pressure on the index. Recent estimates indicated that the consumer price index (CPI) this month would record a month-on-month increase of one per cent. However, official sources said that a CPI increase of one per cent was unlikely because price rises in [...]

Banks sprint to profit goal finish line Posted: 17 Sep 2010 08:55 PM PDT A number of leading commercial banks expect to reach their profit targets before year’s end, but concerns remain about difficulties in achieving necessary levels of credit growth. As of August 31, Asia Commercial Bank had posted a profit of VND1.8 trillion (US$92.82 million) after setting aside funds for risk provision. Its oustanding loans were VND79.5 trillion [...]

Construction price index fails to reflect market fluctuations Posted: 17 Sep 2010 08:55 PM PDT Construction firms are complaining that they are being put at a disadvantage by the Ministry of Construction because its quarterly price reports do not reflect monthly market movements. The issue was raised during a seminar organised by the ministry this week. Those at the meeting said the ministry should publish its research monthly so that firms could [...]

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