Saturday, October 9, 2010

Vietnam Business News

Vietnam Business News

Vietnam refinery may run out of room to store petrol

Posted: 08 Oct 2010 08:52 PM PDT

Vietnam’s sole oil refinery may soon exhaust its petrol storage capacity and be forced to cut back production, the refinery’s chairman said Friday. Vietnam’s sole oil refinery may soon exhaust its petrol storage capacity and be forced to cut back production, the refinery’s chairman said Friday. The problems at the Dung Quat refinery stem from Vietnam’s centralized [...]


Vietnam sets to export alumina from March 2011

Posted: 08 Oct 2010 08:52 PM PDT

Reuters reported that Vietnam is scheduled to start exporting alumina from a bauxite complex in the Central Highlands from March 2011 while construction of another nearby bauxite project was ready to begin. Reuters reported that Vietnam is scheduled to start exporting alumina from a bauxite complex in the Central Highlands from March 2011 while construction of [...]


Vietnam giant shipbuilder Vinashin appoints new CEO

Posted: 08 Oct 2010 08:51 PM PDT

Board of Members of Vietnam Shipbuilding Industry Group (Vinashin) has appointed Truong Van Tuyen as new CEO of the conglomerate to replace Nguyen Quoc Anh who assigned as an acting general director a month ago. Tuyen, 60 years old, earlier acted as Deputy Director of the state-run Vietnam Oil and Gas Group (PetroVietnam) and also Head [...]


Lifted import quota cools gold rush

Posted: 08 Oct 2010 08:48 PM PDT

Domestic gold prices yesterday plunged by VND1.2 million (US$61.53) from Thursday’s record high to around VND31.85 million ($1,630) per tael, following the State Bank of Viet Nam’s announcement late Thursday that it had approved additional gold imports. A tael is equal to 1.2 ounces. Gold-selling districts in Ha Noi and HCM City saw prices change at [...]


Earnings unlikely to boost shares

Posted: 08 Oct 2010 08:48 PM PDT

Next week is the beginning of third-quarter earnings season, but few market watchers expected positive results to bring the bulls back to the nation’s stock markets. PetroVietnam Group led off on Thursday with an announcement that 16 of its subsidiaries and affiliates had achieved strong earnings in the first nine months of the year, including listed [...]


Markets sort mixed economic signals

Posted: 08 Oct 2010 08:47 PM PDT

Mixed macroeconomic signals and continued lateral movement of stock markets continued in September, but one of the most positive signs was estimated GDP growth of 7.16 per cent for the third quarter, according to a monthly review released by the company Viet Nam Asset Management yesterday. The GDP rate during September contributed to the combined growth [...]


Digital signatures crucial as e-commerce expands in VN

Posted: 08 Oct 2010 08:47 PM PDT

The digital signature authentication market is continuing to grow due to high demand, as e-commerce starts to take off across the country. “As an indispensable tool, the service was sure to boom in the next two years,” said Tran The Hien, Director of the FPT Information System. Agreeing with Hien, Director of BKIS Telecom Ngo Tuan Anh [...]


HCM City all set for Technology Business Seminar

Posted: 08 Oct 2010 08:46 PM PDT

Technology Business Seminar 2010 will take place in HCM City from October 13-14. The Strategic Alliance Vietnamese Ventures International (SAVVi), IDG Venture Viet Nam and DFJ Vinacapital will co-ordinate to hold the seminar. The conference is expected to attract world renown IT groups such as Yahoo, Google, Southeast Asian IBM, Jones Day, Cisco, Tencent and Morgan Stanley. Seminar [...]


VinaPhone debuts multi-language operator service

Posted: 08 Oct 2010 08:45 PM PDT

VinaPhone will launch an international operator service in English, Chinese, Japanese and Korean. VinaPhone’s 9192 operator service is the first in Viet Nam to offer this service to foreign clients and roaming mobiphone users in the four most common languages in the country today. If foreign VinaPhone users have any questions or service requests they may dial [...]


City apartments sector heats up

Posted: 08 Oct 2010 08:45 PM PDT

In the HCM City property market, the apartment segment saw both supply and demand rise in the third quarter, consultancy Savills Viet Nam said in a report. The total primary supply of apartments for sale reached a record almost 16,600 units by the end of September, nearly three times the number from a year earlier. Nearly 7,200 [...]


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