Vietnam Business News

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• GE Energy Factory to be put into operation
• Bank shares remain attractive
• First solar to boost capacity with new plants
• Liquidity withdrawal? take it easy
• Vietnam state treasury sells VND5.47Tln Government bonds
• Intel to open $1Bln Vietnam plant this month
• Vietnam targets to reach 7%-7.5% GDP in 2011
• Q3 results seen no buoy for stock market
• Indochina Airlines’ chief may have to appear in court
• Profit of private firms lower than state-owned firms

GE Energy Factory to be put into operation Posted: 15 Oct 2010 01:19 AM PDT GE Vietnam officially inaugurated the GE Energy Factory in Hai Phong on Oct 15 with designed capacity of 1,500 products per year. The factory plays an extremely important role in supplying components for producing wind turbines. In the first period, the factory will focus on manufacturing power generators for wind turbines with designed capacity of 1.5MW. The [...]

Bank shares remain attractive Posted: 15 Oct 2010 01:16 AM PDT The impact of Circulars No 13 and No 19 is increasing the capital adequacy ratio (CAR) and the health of commercial banking system, according to Saigon Securities Inc (SSI) As for impact on interest rate, SSI said that the interest rate tendency will be influenced by many factors, of which the most important is inflation. If [...]

First solar to boost capacity with new plants Posted: 14 Oct 2010 10:42 PM PDT First Solar Inc (FSLR.O) (FSLR.O) will build two new manufacturing plants in the United States and Vietnam to meet strong demand for its thin-film photovoltaic modules, sending its stock up over 4 percent. First Solar Inc (FSLR.O) (FSLR.O) will build two new manufacturing plants in the United States and Vietnam to meet strong demand for its [...]

Liquidity withdrawal? take it easy Posted: 14 Oct 2010 10:40 PM PDT Local investors should take it easy to the Prime Minister's request that Vietnam commercial banks may quickly drain liquidity from circulation, the state-run online newspaper VnEconomy quoted the opinion of an un-named analyst. Local investors should take it easy to the Prime Minister's request that Vietnam commercial banks may quickly drain liquidity from circulation, the [...]

Vietnam state treasury sells VND5.47Tln Government bonds Posted: 14 Oct 2010 10:39 PM PDT Vietnam State Treasury successfully raised VND5.47trillion worth of government bond in an auction of 3-year, 5-year and 10-year bonds held on October 14, the state-run online newspaper VnEconomy reported today, citing data from the Hanoi stock market Vietnam State Treasury successfully raised VND5.47trillion worth of government bond out of an offer of VND6trillion in an auction [...]

Intel to open $1Bln Vietnam plant this month Posted: 14 Oct 2010 10:38 PM PDT Intel Corporation, the world’s largest semiconductor chip maker and the first major foreign investor in high technology in Vietnam,that it will open its $1 billion chip assembly and testing facility in Vietnam by the end of this month. Intel Corporation, the world’s largest semiconductor chip maker and the first major foreign investor in high technology in [...]

Vietnam targets to reach 7%-7.5% GDP in 2011 Posted: 14 Oct 2010 10:37 PM PDT Assessing socio-economic development in 2010, the Plenum concluded that the national economy is recovering quickly and many industries are regaining their own impetus. Vietnam economic is set to grow between 7%-7.5% each year in the 2011, the state-run online newspaper Chinhphu reported on October 15, citing the 13th Plenum of the Communist Party of Vietnam's Central [...]

Q3 results seen no buoy for stock market Posted: 14 Oct 2010 10:19 PM PDT Portfolio investors and experts differ in their expectations of results of listed firms for the third quarter, but whether good or bad, experts say the results won't make an impact on the market, which has undergone dreary trade for long. Sobering report Investors expect to see positive changes in the quarter business results, but according to an [...]

Indochina Airlines’ chief may have to appear in court Posted: 14 Oct 2010 10:18 PM PDT General Director of Indochina Airlines Ha Hung Dung, who is also well known in Vietnam as a musician, may have to appear in court, since booking agents are considering suing leaders of Indochina Airlines, because the air carrier is still owing nearly one billion dong to them. Feeling worried about the quietness of Ha Hung Dung, [...]

Profit of private firms lower than state-owned firms Posted: 14 Oct 2010 10:18 PM PDT The profit gained by private businesses is still much lower than that of state owned and foreign invested enterprises (SOEs and FIEs). The ratio of profit on total assets of private businesses is 1.5 percent, while the figures are 5.4 and 10.6 percent, respectively, for SOEs and FIEs. While private businesses take the lead in terms [...]

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