Vietnam Business News

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• Vietnam stocks close up on late buying, but down 2.9% for week
• Hanoi retail sales, services revenue to rise 31.2% in Jan-Oct
• How to control the trade deficit in 2010
• Pepper declines on subdued demand
• Vietnam: SOEs still too big to fail
• Grace opens plant in Vietnam
• Insurer generali sets up life unit in Vietnam
• Behind low lending interest rates
• SCB raises gold deposit interest rates to 3%
• Domestic coffee prices hit 2-year high

Vietnam stocks close up on late buying, but down 2.9% for week Posted: 21 Oct 2010 11:46 PM PDT Vietnamese stocks ended mixed on October 22, the southern bourse closed marginally higher on late buying focusing on blue chips. The benchmark VN Index added 0.16 point or 0.03% to 445.21. Volume continued to fall to 27.8 million shares traded for VND629.72 billion compared to 28.77 million shares traded for VND690.21 billion on Thursday. For the week, [...]

Hanoi retail sales, services revenue to rise 31.2% in Jan-Oct Posted: 21 Oct 2010 11:46 PM PDT Hanoi's total retail sales and services revenue is estimated to have increased 31.2% on year to VND733.725 trillion ($37.62 billion) in the first ten months of this year. In October alone, the figure has raised 3.2% on-month and 39.1% on-year to VND79.594 trillion, the Ha Noi Moi newspaper reported on Thursday. Retail sales revenues have grown 5.1% [...]

How to control the trade deficit in 2010 Posted: 21 Oct 2010 11:43 PM PDT The trade deficit is predicted to increase sharply in the remaining months of this year, raising concerns for managers and businesses, and posing challenges to the management of the country's macro-economy. Over the past nine months, Vietnam's trade deficit has risen to US$8.6 billion, accounting for 16.7 percent of total export turnover. A Radio Voice of Vietnam [...]

Pepper declines on subdued demand Posted: 21 Oct 2010 08:42 PM PDT There are lower stocks of Pepper with Vietnam and Indonesia till fresh arrivals expected next year. Any demand from the overseas buyers will support domestic prices in the short term. Fundamental Analysis There are lower stocks of Pepper with Vietnam and Indonesia till fresh arrivals expected next year. Any demand from the overseas buyers will support domestic [...]

Vietnam: SOEs still too big to fail Posted: 21 Oct 2010 08:34 PM PDT In the draft of Vietnam's socio-economic development strategy for 2011-2020, Prime Minister Nguyen Tan Dung acknowledges the need to reform the country's clunky state-owned enterprises. In the draft of Vietnam's socio-economic development strategy for 2011-2020, Prime Minister Nguyen Tan Dung acknowledges the need to reform the country's clunky state-owned enterprises. He even goes so far as to [...]

Grace opens plant in Vietnam Posted: 21 Oct 2010 08:33 PM PDT W.R. Grace & Co. has opened a new manufacturing facility in Vietnam as part of its strategy to expand in emerging markets. W.R. Grace & Co. has opened a new manufacturing facility in Vietnam as part of its strategy to expand in emerging markets. The new facility was opened by the company’s construction products division in the [...]

Insurer generali sets up life unit in Vietnam Posted: 21 Oct 2010 08:30 PM PDT Italy’s largest insurer Assicurazioni Generali SpA (GASI.MI) has won approval to open a life insurance unit in Vietnam as part of its emerging country expansion, Generali said on Wednesday. Italy’s largest insurer Assicurazioni Generali SpA (GASI.MI) has won approval to open a life insurance unit in Vietnam as part of its emerging country expansion, Generali said [...]

Behind low lending interest rates Posted: 21 Oct 2010 08:29 PM PDT Vietcombank last week cut the dong lending interest rates to 11.5% p.a., among the lowest rates in the market however these interest rates are not really that "low" in the long run, especially when dollar prices tend to increase over time. Vietcombank last week cut the dong lending interest rates to 11.5% p.a., among the lowest [...]

SCB raises gold deposit interest rates to 3% Posted: 21 Oct 2010 08:28 PM PDT Sai Gon Joint Stock Commercial Bank has raised its gold deposit interest rates to the highest of 3% p.a.for 3-month terms, the local newswire Tuoi Tre reported October 22. Sai Gon Joint Stock Commercial Bank has raised its gold deposit interest rates to the highest of 3% p.a.for 3-month terms, the local newswire Tuoi Tre reported [...]

Domestic coffee prices hit 2-year high Posted: 21 Oct 2010 08:23 PM PDT The prices of domestic coffee hit a two-year high at VND32,200/kg in Vietnam's highland provinces, the Vietnam Coffee and Cocao Association (Vicofa) said. In details, the average price of coffee bean increased two times in the last two days to VND31,500/kg in the highland area. While R2B and R1C coffee was sold at VND31,800/kg and VND32,200/kg, [...]

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