Vietnam Business News

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• Hoa Lac-Hoa Binh expressway project officially started
• Work on Dak Sepay hydropower plant starts
• Major concerns for stock market in 2010
• Per capita income likely to touch $1,300 in 2011
• Stock market sees brisk session
• Top ten brokerage firms with largest market shares on southern bourse in Q3
• Investment licences of five steel projects to be revoked
• Vietnam’s public outstanding debts at 52.6pct of GDP
• Vietnam’s debts rise on JPY appreciation: MPI
• Pressures get tougher on Vietnam’s forex market

Hoa Lac-Hoa Binh expressway project officially started Posted: 04 Oct 2010 01:12 AM PDT The Hoa Binh province people’s committee and Hanoi general Export-Import Services Joint Stock Co (Geleximco) officially kicked off the construction project of Hoa Lac-Hoa Binh Expressway yesterday, October 3, 2010. The expressway is over 20 metres long, including 12 bridges, of which there were two large bridges (including Hoa Binh Bridge over Da River), seven medium-scale [...]

Work on Dak Sepay hydropower plant starts Posted: 04 Oct 2010 01:11 AM PDT Duc Long Gia Lai Group Joint Stock Company (DLG), a member of Duc Long Gia Lai Group (DLG) kicked off 70 billion dong invested – Dak Sepay hydropower plant in Bai Tho spring, So Pai commune, Kbang district, Gia Lai province on October 2 with designed capacity of 3MW. A day ago, DucLong GiaLai Investment and [...]

Major concerns for stock market in 2010 Posted: 04 Oct 2010 01:07 AM PDT Most experts expected that Vietnamese government would have specific actions to create trust for investors in the country and abroad. At the conference on macro economy and opportunities for the stock market of Vietnam in 2010, held by the Club of securities journalists and Economic editorial board of the Vietnam News Agency on September 29, 2010, [...]

Per capita income likely to touch $1,300 in 2011 Posted: 04 Oct 2010 01:07 AM PDT In the economy development scheme in 2011 approved by the government, Vietnam’s gross domestic product (GDP) growth is expected to increase by 7-7.5 percent against 2010, reaching by $112.8-113.8 billion, and per capital income at $1,290-1,300. Of which, agro-forestry and seafood sectors would increase by 2.6-2.7 percent, construction and industry sectors up 7.5-8.3 percent and service [...]

Stock market sees brisk session Posted: 04 Oct 2010 01:05 AM PDT The Vietnam’s stock market today October 4 started a new week with a brisk session when the demand power increased strongly. Particularly, the index of Hochiminh Stock Exchange (STC) closed at 445.83 points after losing 5.88 points or 1.3 percent. According to the statistic, of 266 listed share codes, 225 shares decreased with 86 falling to the [...]

Top ten brokerage firms with largest market shares on southern bourse in Q3 Posted: 04 Oct 2010 01:05 AM PDT On October 1, 2010 Hochiminh Stock Exchange (STC) released the names of top ten securities companies holding the largest market share in term of brokerage transaction value in Q3 of 2010. Accordingly, in the third quarter of the year, the market share of the ten leading brokerage firms in stock market increased from 49.87 percent in [...]

Investment licences of five steel projects to be revoked Posted: 04 Oct 2010 01:03 AM PDT Chair of Ba Ria-Vung Tau province people’s committee has approved for revoking the investment licences of five sluggish steel projects with total designed capacity of 3.7 million tonnes of steel products per year and 1.5 million tonnes of steel billet per year. The list of delayed projects to be withdrawn investment licences will be announced [...]

Vietnam’s public outstanding debts at 52.6pct of GDP Posted: 04 Oct 2010 01:01 AM PDT Till the end of September, Vietnam’s total public outstanding debts accounted for 52.6 percent of GDP and it is estimated to be touch 56.7 percent of GDP by the end of December 2010, according to the minister of Finance Vu Van Ninh. The preliminary investigation report on the implementation of the State Budget in 2010 dated [...]

Vietnam’s debts rise on JPY appreciation: MPI Posted: 04 Oct 2010 01:01 AM PDT The appreciation of Japanese yen (JPY) over the past months has pushed up the value of Vietnam’s actual debts in ODA loans from Japan by more than 50 trillion dong. This figure was announced by the Ministry of Planning and Investment in its report on the socio-economic development situation in September and first 9 months in [...]

Pressures get tougher on Vietnam’s forex market Posted: 04 Oct 2010 12:57 AM PDT Since early last week, the US dollar on the free market has heated up again as commercial banks also listed the bid and ask prices close to the ceiling set by the State Bank of Vietnam (SBV). On October 1, in Hanoi, the US dollar on the free market was purchased at an average of 19,650 [...]

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