Vietnam Business News

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• Vietnam bourses welcome 221 firms year to date
• Vietnam’s shipments to US to face more barriers
• HSBC Vietnam inaugurates new branch in Da Nang
• BP’s Vietnam project: Deora to support ONGC bid
• Coffee rises to highest price in a month on Vietnam concerns
• Three more exports join US$1 billion club
• US reduces anti-dumping tariff on Vietnamese shrimp
• Exhibition on socio-economic achievements opens
• Gold prices exceed VND31.5 million/tael
• Garment exports surpass US$8 billion in nine months

Vietnam bourses welcome 221 firms year to date Posted: 02 Oct 2010 09:04 AM PDT Twenty nice Vietnamese firms debuted on local stock exchanges in September, raising total number of newly-listed firms to 221 in the first nine months of this year, the local newswire CafeF reported October 1. Twenty nice Vietnamese firms debuted on local stock exchanges in September, raising total number of newly-listed firms to 221 in the first [...]

Vietnam’s shipments to US to face more barriers Posted: 02 Oct 2010 01:48 AM PDT Numerous trade barriers will likely go up stateside, choking off the flow off goods into the Northern American market, especially from ‘non-market economies’ like Vietnam, a practitioner said in Hanoi on Wednesday. William Barriger, a legal counsellor working alongside the Vietnam Chamber of Commerce and Industry (VCCI) since 2003 over the antidumping tax imposed on Vietnam’s [...]

HSBC Vietnam inaugurates new branch in Da Nang Posted: 02 Oct 2010 01:44 AM PDT Following the Can Tho branch opening last week, on 30 Sep 2010 HSBC Bank (Vietnam) Ltd, HSBC Vietnam will further expand its network by opening another new branch in Da Nang City. HSBC Da Nang branch, the bank’s second outlet to open in 2010, is situated inside Indochina Riverside Towers at 74 Bach Dang Street, [...]

BP’s Vietnam project: Deora to support ONGC bid Posted: 02 Oct 2010 01:43 AM PDT Oil Minister Murli Deora will make a pitch for ONGC buying BP Plc’s Vietnam gas fields when the British energy firm’s chairman, Carl-Henric Svanberg, and newly appointed chief executive, Robert Dudley, visit Indianext week. ONGC Videsh Limited, overseas investment arm of state-run Oil and Natural Gas Corporation, wants to buy BP’s 35 per cent stake in [...]

Coffee rises to highest price in a month on Vietnam concerns Posted: 02 Oct 2010 01:42 AM PDT Coffee rose to the highest price in more than a month in London trading on concern that supplies from Vietnam, the world’s biggest grower of robusta beans used in espresso and instant drinks, may be limited. The Vietnam Coffee and Cocoa Association has yet to make an estimate of production in the Southeast Asian nation. The [...]

Three more exports join US$1 billion club Posted: 02 Oct 2010 01:33 AM PDT Coal, rubber and steel had all recorded an export turnover of over US$1 billion by September this year, raising the number of members of the US$1 billion club to 13, according to the Ministry of Planning and Investment. The others include garments, footwear, crude oil, seafood, gemstones, wooden products, electrical goods, computers, machinery and vehicles. Over the [...]

US reduces anti-dumping tariff on Vietnamese shrimp Posted: 02 Oct 2010 01:32 AM PDT The US Department of Commerce (DOC) has announced the final adjustment for the anti-dumping tariff on Vietnamese frozen shrimp from February 1, 2008 to January 21, 2009. The Vietnam Association of Seafood Exporters and Processors (VASEP) said that the tariff is lower than the rate that DOC announced in August. The tariff was reduced from 2.96 percent [...]

Exhibition on socio-economic achievements opens Posted: 02 Oct 2010 01:32 AM PDT An exhibition on Vietnam's socio-economic achievements opened at the Giang Vo Exhibition Centre in Hanoi on October 1. Speaking at the opening ceremony, Deputy Prime Minister Nguyen Sinh Hung said that the exhibition aims to introduce people across the country and international friends to Vietnam's renewal, development and stability, and Hanoi's 1,000 year old civilization and [...]

Gold prices exceed VND31.5 million/tael Posted: 02 Oct 2010 01:31 AM PDT The world's price of gold in New York on October 2 set a new record of US$1,322 per ounce, causing domestic gold prices to continue increasing steadily. At 10a.m, SJC gold stood at VND31.43-31.48 million/tael, up nearly VND200,000/tael compared to transactions the previous day. SBJ gold at Sacombank hovered around VND31.39-31.45 million/tael at 10.23a.m. Meanwhile, Thang Long [...]

Garment exports surpass US$8 billion in nine months Posted: 02 Oct 2010 01:31 AM PDT Garment exports earned more than US$1 billion in September, bringing the sector's total export value in the first nine months of this year to over US$8 billion, a year-on-year increase of 20.6 percent. Le Van Dao, vice president of the Vietnam Textile and Garment Association (VTGA) said at a meeting on October 1 that the textile [...]

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