Saturday, October 23, 2010

Vietnam Business News

Vietnam Business News

Vietnam 2010 trade gap seen At $13.5 Bln

Posted: 22 Oct 2010 10:03 AM PDT

Vietnam on Wednesday projected a stubbornly wide $13.5 billion trade deficit this year despite a rise in exports of 19.1%, three times the initial target, adding to pressure on the authorities to devalue the dong again. Vietnam on Wednesday projected a stubbornly wide $13.5 billion trade deficit this year despite a rise in exports of 19.1%, [...]


“Luxury apartments” – a difficult choice for consumers

Posted: 22 Oct 2010 10:02 AM PDT

Limitations in the quality and management of "luxury apartments" projects in recent times have made many people wonder about buying these kinds of apartments. Vu Quoc Khanh, head of the technical department for the Song Da Thang Long Joint Stock Company said that several projects described as "luxury apartments" revealed technical problems. Some projects cannot provide [...]


Vietnam firms raise sugarcane prices amid weak supply

Posted: 22 Oct 2010 10:02 AM PDT

Sugar firms in the Mekong Delta region of Vietnam agreed to raise purchase prices of sugarcane by 5% to VND1.05 million a ton of 10 CCS cane from Oct 18, given domestic tightened supply, state media said, citing a local refiner. Vo Van Son, deputy general director of Can Tho Sugar JSC (Casuco) said that despite [...]


Three measures to ease Dollar tension: former governor

Posted: 22 Oct 2010 09:03 AM PDT

Three drastic measures to cool down local dollar prices: the Government's mechanism to buy and sell dollars in order to ensure smooth dollar inflows and outflows ; the SBV's intervention in case of dollar shortage; and flexible monetary policies. Cao Sy Kiem, State Bank of Vietnam 's former governor pointed out three drastic measures to [...]


Cement firms advised to downgrade coal

Posted: 22 Oct 2010 09:03 AM PDT

Cement plants should change their technology to use coal which is more available in Vietnam, advised an official from Vinacomin. Vietnam's coal output remains low to meet domestic demand Deputy general director of Vinacomin (Vietnam National Coal – Mineral Industries Group) Nguyen Manh Hung said that currently, cement producers in Vietnam used high-quality coal dust which accounted [...]


Vietnam BoP deficit forecast at $4Bln in 2010: government

Posted: 22 Oct 2010 09:03 AM PDT

Vietnam is forecast to slow down the balance of payment (BoP) deficit to $4 billion this year, a sharp drop from last year's gap of $8.8 billion, state online newspaper VnEconomy reported October 22, citing the government report on October 17. The government predicted the country's current account deficit is likely to stand at $5.4 billion [...]


Forex frictions as G20 powers meet

Posted: 22 Oct 2010 09:03 AM PDT

The world’s top finance officials convene in South Korea Friday, stalked by currency disputes that threaten to destabilise a fragile recovery from the global economic crisis. G20 finance ministers and central bankers were to start a two-day meeting at 0645 GMT in preparation for a Seoul summit next month grouping leaders of nations at the heart [...]


Vietnam capital city’s development plan addresses hospital relocations

Posted: 22 Oct 2010 07:54 AM PDT

The Hanoi Department of Planning and Architecture has proposed that state hospitals be built 25 to 30 kilometres outside of Hanoi. A second base will be built for smaller hospitals that would have difficulty expanding The proposal was presented at a meeting with the municipal People's Committee on moving health and education centres to the suburbs. Deputy Director [...]


AECOM launches new brand in Vietnam

Posted: 22 Oct 2010 07:54 AM PDT

AECOM Technology Corporation, a trusted consultant in architecture, engineering, construction, operations and management support services for government and commercial clients around the world, has launched its new brand in Vietnam. The launch in Vietnam aims to announce worldwide consolidated AECOM operations, encompassing previous operating companies such as Maunsell, Metcalf and Eddy, ENSR, among others. During the event, [...]


1,000 largest corporate income tax payers in Vietnam announced

Posted: 22 Oct 2010 07:49 AM PDT

A press conference to announce Vietnam's 1,000 largest corporate income tax payers was held in Hanoi on October 22 by Tax Magazine and VietnamNet online newspaper. The top 1,000 enterprises in 10 sectors contributed over VND84 trillion to the national budget from 2007 – 2009. 77 percent of the total came from Hanoi and HCM City. The [...]


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