Vietnam Business News

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• API invests over 1tr dong for Tuc Duyen new urban area project
• Accor targets 30 operational hotels in Vietnam by 2013
• Economic targets obtainable, instability in sight
• Turnover posts nearly $6.14b in Sep’s first half
• BlackBerry bold 9780 surfaces in Vietnam
• Vietnam’s forex reserves may lose another 2.5 weeks of imports: MPI
• Banks further hike gold deposit rates
• Seeking the biggest bang for their buck, tael
• Blue chips stave off market dive
• IT firm FPT announces new brand strategy

API invests over 1tr dong for Tuc Duyen new urban area project Posted: 23 Sep 2010 09:14 PM PDT The Asia-Pacific Investment Joint Stock Co (coded API) has approved for making investment on a new urban area at No 5 Tuc Duyen Ward, Thai Nguyen City, Thai Nguyen Province. Chair of Thai Nguyen Province People’s Committee has lately issued decision No 1421/UBND-TH approving Asia-Pacific Investment JSC to set up the investment plan of Tuc Duyen [...]

Accor targets 30 operational hotels in Vietnam by 2013 Posted: 23 Sep 2010 09:14 PM PDT Accor is striving to realise its new ambitious goal to operate 30 projects in three years’ time, or almost three times higher than the current number of hotels the group is managing in Vietnam. “Our first realistic objective is to have 30 hotels and we think we shall be able to have this network of hotels [...]

Economic targets obtainable, instability in sight Posted: 23 Sep 2010 09:12 PM PDT Vietnam’s economic growth and exports are forecast to rise this year and next while macro-economic risks are challenging mid- and long-term development, economic experts said on Tuesday. Speaking at a seminar in HCM City, leading economic experts of the country delved into the challenges the economy is facing though it seems to achieve its economic targets. Tran [...]

Turnover posts nearly $6.14b in Sep’s first half Posted: 23 Sep 2010 09:11 PM PDT The Vietnam export import turnover in first half September gained nearly 6.14 billion US dollar, falling by 25.9 percent compared to last half of August. These include $2.85 billion from export, a fall of 31.4 percent and 3.29 billion from import, reduced by 20.3 percent, according to statistics from general Department of Vietnam Customs. The department [...]

BlackBerry bold 9780 surfaces in Vietnam Posted: 23 Sep 2010 09:06 PM PDT The BlackBerry Bold 9780 has arrived in Vietnam. A local website has posted photos and videos of the new device. The site in question, Mainguyen, is showing 12 images plus a video of the smartphone. The device is running OS6.0, which means that it does have at least 512MB RAM. It also has a microSD memory card [...]

Vietnam’s forex reserves may lose another 2.5 weeks of imports: MPI Posted: 23 Sep 2010 09:04 PM PDT The Ministry of Planning and Investment had forecast in its report at the government meeting in August that the overall balance of payments (BoP) deficit in 2010 could reach $4 billion, which has brought suspicion on the possibility of US dollar/dong exchange rates fluctuations in the rest of this year. Earlier this year a representative of [...]

Banks further hike gold deposit rates Posted: 23 Sep 2010 09:03 PM PDT Several banks have continued to raise interest rates for gold deposits to between 1 percent and 2 percent per annum from just 0.1 percent a month ago. The highest gold rate is offered by Nam Viet Commercial Bank, at 2 percent per year for the 11-month term, 1.5 percent for the three-month term, and 1.55 percent [...]

Seeking the biggest bang for their buck, tael Posted: 23 Sep 2010 09:00 PM PDT The dollar deposit interest rate has climbed to 5.5 percent per annum, while the gold interest rate has surged to two percent per annum. Gold continuously jumps to new heights, while the stock market remains gloomy. Which investment channels should people choose? Interest rates high in short term Dollar deposit interest rates have increased to 5.5 percent [...]

Blue chips stave off market dive Posted: 23 Sep 2010 08:57 PM PDT A rebound in blue chips in the final minutes of yesterday’s session on the HCM City Stock Exchange helped saved the market from a steeper decline and allowed the VN-Index to close off just 0.69 per cent to 450.77 points – after falling to as low as 447 earier in the day. Transactions were sluggish throughout [...]

IT firm FPT announces new brand strategy Posted: 23 Sep 2010 08:57 PM PDT IT and telecommunications corporation FPT has a new brand strategy, with the message “Energising Life”, plus a refreshed logo. FPT provides products and services to meet the demands of the “e-citizen”. FTP was putting more effort into its business to gain more consumer loyalty.

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