Vietnam Business News

---

• KLSCCCI to hold seminar on investment opportunities in Vietnam
• Oct 14: Vietnam gold hits fresh all-time high of VND33.3Mln, Dollar flat
• Vietnam – one of the three biggest investors in Laos
• Gold prices fluctuate wildly
• Savills predicts good future for HCMC property market
• Some lenders lower lending interest rates on VNBA’s request
• Firm to be hired for bauxite mining in highlands
• Free trade deals give boost to Vietnam exports
• Steel sales slip in September
• New investor sought for lapsed $9.8b steel project

KLSCCCI to hold seminar on investment opportunities in Vietnam Posted: 14 Oct 2010 12:05 AM PDT The Chinese Chamber of Commerce and Industry of Kuala Lumpur and Selangor (KLSCCCI) will be organising a seminar on investment opportunities in Vietnam on Oct 21. The Chinese Chamber of Commerce and Industry of Kuala Lumpur and Selangor (KLSCCCI) will be organising a seminar on investment opportunities in Vietnam on Oct 21. The event at Mandarin Oriental [...]

Oct 14: Vietnam gold hits fresh all-time high of VND33.3Mln, Dollar flat Posted: 13 Oct 2010 11:53 PM PDT Local gold prices on Thursday morning had the strongest rally ever, soaring VND610,000/tael to set a new lifetime high at VND33.3million/tael as global gold prices set a fresh all-time high of $1,376.95 an ounce. Local gold prices on Thursday morning had the strongest rally ever, soaring VND610,000/tael to set a new lifetime high at VND33.3million/tael [...]

Vietnam – one of the three biggest investors in Laos Posted: 13 Oct 2010 11:51 PM PDT With its capitalization of over US$2.4 billion, Vietnam is one of the three biggest investors in Laos and Vietnamese businesses are actively engaging in the country's social activities. This was stated by the President of the Vietnam Business Association for Cooperation and Investment in Laos, Hoang Cung Thuong Nhan, at a meeting in Vientiane on October [...]

Gold prices fluctuate wildly Posted: 13 Oct 2010 11:50 PM PDT Domestic gold prices have fluctuated wildly in recent days and currently stand at VND33.13 million per tael. In HCM City, SJC gold prices are VND33.03-33.1 million per tael to buy in HCM City while the selling price is VND10,000 higher than in Hanoi. Compared to October 13, SJC gold prices have increased by VND530,000 per tael. Meanwhile, on [...]

Savills predicts good future for HCMC property market Posted: 13 Oct 2010 08:08 PM PDT Ho Chi Minh City's property market has bright prospects ahead as demand for apartments and business space will grow alongside the economy, UK-based real estate service provider Savills said on Thursday. The company both evaluates and trades in the market. A positive demand trend remains in the city's apartment segment, "fueled by increasing disposable income and growing [...]

Some lenders lower lending interest rates on VNBA’s request Posted: 13 Oct 2010 08:07 PM PDT Some local banks started to trim down the lending interest rates for the dong as a result of the Vietnam Banks' Association (VNBA)'s request for banks' consensus on rate cut, the local newswire Dan Tri reported October 14. Some local banks started to trim down the lending interest rates for the dong as a result of [...]

Firm to be hired for bauxite mining in highlands Posted: 13 Oct 2010 08:05 PM PDT Negotiations to hire a mining contractor for the Tan Rai bauxite mine are likely to wrap up this quarter, the state-owned Vietnam National Coal Mineral Industries Group said. Vinacomin, as it is known, also said it has received a license to work the mine in Lam Dong Province. Bauxite is used to produce aluminum. A recent catastrophe triggered [...]

Free trade deals give boost to Vietnam exports Posted: 13 Oct 2010 08:05 PM PDT Import tariff cuts under free trade agreements signed with several countries in the region have helped boost Vietnam's exports this year. Vietnam concluded a bilateral FTA with Japan last year and has multilateral FTAs with other countries like China, Korea, Japan, Australia, and New Zealand signed under the aegis of ASEAN of which it is a [...]

Steel sales slip in September Posted: 13 Oct 2010 08:01 PM PDT Steel sales in September surprised experts by dropping 41 per cent over August to 283,000 tonnes. “September’s decline was not expected. We forecast that the price of steel ingots would go through the US$600 per tonne mark but instead it dropped to $580,” said the Viet Nam Steel Association’s Deputy Chairman Nguyen Tien Nghi. Nghi added that [...]

New investor sought for lapsed $9.8b steel project Posted: 13 Oct 2010 08:01 PM PDT The People’s Committee of central Ninh Thuan Province recently asked the Ministry of Industry and Trade to help it find investors for a US$9.8 billion steel complex in Ninh Phuoc District. The complex was formerly a joint venture between Maju Stabil Shd of Malaysia’s Lion Group and Viet Nam Shipbuilding Industry Group, or Vinashin. They were [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610