Vietnam Business News

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• Honda in a spin as it is forced to recall bikes
• Vietnam CPI rises 1.05% in Oct
• Uncertainty causes investors to hold back
• Dai-ichi Life sees premiums rise 51%
• ASEAN plans to boost investment
• Malaysian investors eye Viet Nam
• Market flooded with anti-virus products
• Two billion people use internet
• Highland province projects seek investors
• Contract signed for Lao Cai plant

Honda in a spin as it is forced to recall bikes Posted: 23 Oct 2010 06:10 AM PDT Leading motorcycle maker Honda Vietnam is recalling more than 2,000 LEAD scooters, the company's best seller, to fix faulty gas tank bolts. According to a statement from Honda Vietnam on October 16, the company started to recall 2,154 LEAD vehicles from October 15 to replace the faulty bolts. The Japanese firm stressed that the fault would not [...]

Vietnam CPI rises 1.05% in Oct Posted: 23 Oct 2010 06:07 AM PDT Vietnam consumer price index in October is estimated to have increased by 1.05% from September driven by higher prices of education and food sectors, the the General Statistics Office said on its website October 23. October increase led the figure to have risen by 7.58% from December, 9.66% on year and on average, CPI in the [...]

Uncertainty causes investors to hold back Posted: 23 Oct 2010 06:05 AM PDT Institutional investors, particularly investment funds, are showing signs of hesitation in investing in the Vietnamese stock market, with many delaying investment until they can see more certainty in national markets. Luu Nguyen Chi Nhan, deputy general director of the Sai Gon-Ha Noi Fund Management Joint Stock Company, said the securities market was still attractive to a [...]

Dai-ichi Life sees premiums rise 51% Posted: 23 Oct 2010 06:05 AM PDT Dai-ichi Life Viet Nam achieved high growth for the first nine months of the year, with its new business premiums almost equal to the new business-sales volume last year. In the first three quarters, its new premium turnover reached nearly VND230 billion (US$11.5 million), up 51 per cent over the same period last year, with the [...]

ASEAN plans to boost investment Posted: 23 Oct 2010 06:04 AM PDT The ASEAN Business and Investment Summit (ASEAN-BIS) will be held here from October 26-28. This year’s theme will be “Towards the ASEAN Community: From Vision to Action”. The event is expected to attract about 500 delegates, including government officials, policy-makers, economists and business leaders from around the world. ASEAN-BIS, organised by the ASEAN Business Advisory Council (ASEAN-BAC), will [...]

Malaysian investors eye Viet Nam Posted: 23 Oct 2010 06:03 AM PDT Malaysian businesses are interested in the Vietnamese market and recognise its fine investment environment, said Michael Chai, chairman of the legal committee of the Kuala Lumpur Chinese Chamber of Commerce and Industry, at an investment promotion seminar in the Malaysian capital on Thursday. The seminar, co-organised by the chamber, the Vietnamese Embassy in Kuala Lumpur and [...]

Market flooded with anti-virus products Posted: 23 Oct 2010 06:02 AM PDT 2010 has been a hectic year for the Vietnamese anti-virus market with a number of new products from domestic as well as foreign providers introduced to the market. In September, Avira of Germany appointed Cay Du Do (Red Umbrella) Service Company as its distributor in Viet Nam. Panda of Spain also officially launched in Viet Nam after [...]

Two billion people use internet Posted: 23 Oct 2010 06:01 AM PDT The number of internet users worldwide will surpass the 2 billion mark in 2010 after having doubled in the past five years, according to the International Telecommunications Union’s (ITU) latest statistics published on Tuesday. The World in 2010: ICT facts and figures reveals that the number of people with access to the internet at home has [...]

Highland province projects seek investors Posted: 23 Oct 2010 06:01 AM PDT The Central Highland province of Lam Dong has unveiled a list of 26 projects that require investment by 2020. Six of them – the International University Village, Prenn Lake Tourism Zone, Dau Giay-Lien Khuong Expressway, Da LaÏt-Thap Cham Railway, Lien Khuong New Urban area, and Dan Kia Tourism Zone – are considered to be key and [...]

Contract signed for Lao Cai plant Posted: 23 Oct 2010 06:00 AM PDT A US$16 million engineering, procurement and construction contract was signed yesterday between the Viet Nam – China Minerals and Metallurgy Co Ltd and Kunming Steel and Cast Iron Joint Stock Company (KISC) to build a cast iron and steel plant in the northern province of Lao Cai. KISC will be responsible for planning, studying, designing, supplying [...]

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