Vietnam Business News

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• Sep 20: VN Index extends gain, liquidity sustains on investment stimuli
• Vietnam banks already meet basel III rules : senior official
• Sep 20: Vietnam gold eases toVND29.98 Mln, Dollars flat
• Sep 20: Vietnam gold eases toVND29.98 Mln, Dollars flat
• No time to take MDGs for granted
• Unlocking more serviced apartments
• Business red tape sliced
• Energy sector high on German firms’ wishlists
• PCA to bring EU closer to Vietnam
• Wind power investors have wind taken out of their sails.

Sep 20: VN Index extends gain, liquidity sustains on investment stimuli Posted: 19 Sep 2010 10:41 PM PDT Vietnamese stocks continued to post another green session in the first trading session of the week investors bought shares on hopes of higher liquidity after the news of 4% interest rate subsidiary applicable for medium and long term investments Vietnamese stocks continued to post another green session in the first trading session of the week investors [...]

Vietnam banks already meet basel III rules : senior official Posted: 19 Sep 2010 10:41 PM PDT Vietnam banks already met a minimum of 8% Capital Adequacy Ratio (CAR) under the new internaltional banking rules, or Basel III, said Le Xuan Nghia, Vice Chairman of Vietnam's National Financial Supervion Committee. Vietnam banks already met a minimum of 8% Capital Adequacy Ratio (CAR) under the new internaltional banking rules, or Basel  III, said Le Xuan [...]

Sep 20: Vietnam gold eases toVND29.98 Mln, Dollars flat Posted: 19 Sep 2010 10:40 PM PDT Local gold prices on September 20 eased to VND29.90million/tael-VND29.98 million/tael, respectively after briefly topped VND3 million a teal late last week. Dollar prices stayed flat at the official market but rose to VND19,530 at the official market Local gold prices on September 20 eased to VND29.90million/tael-VND29.98 million/tael, respectively after briefly topped VND3 million a teal late [...]

Sep 20: Vietnam gold eases toVND29.98 Mln, Dollars flat Posted: 19 Sep 2010 10:40 PM PDT Local gold prices on September 20 eased to VND29.90million/tael-VND29.98 million/tael, respectively after briefly topped VND3 million a teal late last week. Dollar prices stayed flat at the official market but rose to VND19,530 at the official market Local gold prices on September 20 eased to VND29.90million/tael-VND29.98 million/tael, respectively after briefly topped VND3 million a teal late [...]

No time to take MDGs for granted Posted: 19 Sep 2010 10:36 PM PDT Vietnam has achieved important milestones on the road to implementing the United Nations' Millennium Development Goals and it is committed to achieving them by 2015, despite big challenges. Vietnam is more than two-thirds of the way to achieving the Millennium Development Goals (MDGs). For the country, working hard to implement the MDGs also means galvanising unprecedented efforts [...]

Unlocking more serviced apartments Posted: 19 Sep 2010 10:35 PM PDT Richard Tan, Ascott's country general manager for Vietnam, spoke with Duc Hanh about the company's outlook in Vietnam. How does Ascott Limited view Vietnam in its global serviced apartment business? We consider Vietnam a key growth market for Ascott in Asia. Its high literacy rate and highly productive labour force continue to attract foreign direct investment. According to [...]

Business red tape sliced Posted: 19 Sep 2010 10:34 PM PDT Two new decrees are to cut through business registration regulations to put foreign investors' minds at rest. The decree drafts, designed to replace Decree 139/2007/ND-CP guiding the implementation of the Law on Enterprises and Decree 108/2006/ND-CP guiding the implementation of the Investment Law, have common regulations on the establishment of enterprises with less than 49 per [...]

Energy sector high on German firms’ wishlists Posted: 19 Sep 2010 10:34 PM PDT "Germany's Mecklenburg-Vorpommern is home to a mass of enterprises operating in the energy industry. They come here in search of cooperation with local partners and authorities in energy and planning-related projects. We want to improve Germany's investment in Vietnam," Mecklenburg-Vorpommern state governor Erwin Sellering told deputy minister of Planning and Investment Nguyen The Phuong in [...]

PCA to bring EU closer to Vietnam Posted: 19 Sep 2010 10:33 PM PDT Vietnam and the European Union are set to reach a landmark partnership agreement after successfully concludingthe final negotiations in Belgium last week. According to a member of the Vietnam's negotiation team, both sides agreed in principle to all articles in the Partnership and Cooperation Agreement (PCA). It referred to general principles, non-proliferation of weapons of mass destruction, [...]

Wind power investors have wind taken out of their sails. Posted: 19 Sep 2010 10:31 PM PDT Electricity of Vietnam (EVN), the country's sole power distributor, will have the responsibility for buying electricity from wind power farms at VND1,317 (about US6.9 cents) per kilowatt-hour, according to the draft, released by the Ministry of Industry and Trade earlier this month. In addition, the government will subsidise VN185 (US1 cent) for each kilowatt-hour. That means [...]

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