Vietnam Business News

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• Vietnam auto industry poised to overtake RP
• Oct 11: Vietnam gold surges to VND32.75Mln, Dollars regain
• Vietnam to lift rice export floor price
• Cua Lo PetroVietnam Tourism Zone project gets approval
• Nearly 59,000 labourers sent to work abroad in Jan-Sep
• Vietnam-US bilateral trade increases
• Two bourses nearly stand still while transaction decline
• Honda leads the customer satisfaction survey
• Vinamilk raises Tien Son milk plant’s output volume
• Cement prices decline

Vietnam auto industry poised to overtake RP Posted: 11 Oct 2010 01:21 AM PDT The Vietnam auto industry is poised to overtake the Philippine auto industry sooner rather than later, a regional Toyota executive said. During his presentation at the Second Philippine Automotive Manufacturing Summit sponsored by the Philippine Automotive Competitiveness Council Inc (PACCI), Toyota Motor Asia Pacific senior vice president Vince Socco said that the Vietnamese auto industry is [...]

Oct 11: Vietnam gold surges to VND32.75Mln, Dollars regain Posted: 11 Oct 2010 01:19 AM PDT Local gold prices on October 11 soared VND300,000 to VND32.75million/tael, while dollar prices in the free market rebounded to VND19,810-VND19,860 for bid and ask, respectively after an ease at weekend. Local gold prices on October 11 soared VND300,000 to VND32.75million/tael, while dollar prices in the free market rebounded to VND19,810-VND19,860 for bid and ask, respectively after [...]

Vietnam to lift rice export floor price Posted: 11 Oct 2010 01:17 AM PDT Vietnam would raise the minimum export price on the 25-percent broken rice, its most popular grade for export and which is often imported by the Philippines, by 2.3 percent to $445 a tonne, a state-run newspaper said. The floor would be raised from $435, free-on-board basis, now while the floor price for 5-percent broken rice will [...]

Cua Lo PetroVietnam Tourism Zone project gets approval Posted: 11 Oct 2010 01:13 AM PDT Nghe An province people’s committee has approved the detailed plan for construction on Cua Lo PetroVietnam Tourism Zone to be sited in Nghi Thuy Ward, Cua Lo Town. PetroVietnam Nghe An Construction Joint Stock Co was the main investor for this project. The project has total investment capital of 1.236 trillion dong to be built in [...]

Nearly 59,000 labourers sent to work abroad in Jan-Sep Posted: 11 Oct 2010 01:12 AM PDT During the first nine months this year, 58,710 Vietnamese labourers have been sent to work abroad, reaching over 68 percent of this year’s target, according to Overseas Labourer Management Department (Ministry of Labour, Invalids and Social Affairs-Molisa). The main labour markets are still Taiwan with 20,621 people, and followed by Malaysia 6,113 workers, UAE with 4,823, [...]

Vietnam-US bilateral trade increases Posted: 11 Oct 2010 01:11 AM PDT In the first seven months this year, Vietnam fetched $7.9 billion from exporting goods to the US market, up 14 percent over the same period last year, according to the US Department of Commerce. Amongst Vietnam’s key export items to the US market, apparel products led the list with about $3.2 billion, up 12 percent year-on-year [...]

Two bourses nearly stand still while transaction decline Posted: 11 Oct 2010 01:10 AM PDT Gloomy environment covered the two stock markets when the two indexes stayed unchanged when the transaction slumped. After the first trading session, the VN Index dropped 1.85 points or 0.4 percent to 457.41 points with over five million shares changing hands for 11.56 billion dong. In the continuous matching order phase, the VN Index reversed to increase [...]

Honda leads the customer satisfaction survey Posted: 11 Oct 2010 01:09 AM PDT Among six automobile manufacturers in the ranking of J.D. Power Pacific, Honda takes the lead with 871 points, followed by Toyota with 858 points and Hyundai with 847 points. These are also the three automobile manufacturers achieving above average point. Three automobile manufacturers with lower customer satisfaction level include Ford with 832 points, Kia with 827 [...]

Vinamilk raises Tien Son milk plant’s output volume Posted: 11 Oct 2010 01:08 AM PDT Vietnam Dairy Products Joint Stock Co (Vinamilk) announced completing expansion construction and capacity improvement of Tien Son Milk plant (Tien Son Industrial Park, Tien Du, Bac Ninh). The plant has incorporated most advanced milk production technologies from Germany and Swedish with yearly output volume of 85 million boxes of condensed milk, 360 million milk jars of [...]

Cement prices decline Posted: 11 Oct 2010 01:08 AM PDT In September, the cement prices tended to slump due to plentiful supplies. At present, the cement retail price was posted at 0.93-1.13 million dong per tonne in the northern region and 1.1-1.4 million dong per tonne in the southern one. In the last months of the year, the demands for cement was supposed to increase because [...]

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