Vietnam Business News

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• Local gold prices hard to fall much on suppy-demand imbalance
• Local banks struggle to boost up credit at year-end
• New resorts introduced to public
• Foreign investments in Hanoi may touch $800m in 2010
• Investment capital for social development estimated at 800tr dong in 2010
• Sale of condos in Khuat Duy Tien Road
• New industrial zone for Hai Phong City
• Negotiation for buying electricity between PetroVietnam and EVN
• Work on Hong Phuc Resort starts
• Each Vietnamese citizen owes a debt of 15.m dong for Vinashin: NA Member

Local gold prices hard to fall much on suppy-demand imbalance Posted: 24 Oct 2010 10:24 PM PDT Gold prices in Vietnam regained VND100,000 last weekend to VND32.8million/tael and the bankers expect the gold prices not to fall much "imbalance of supply-demand", the local Saigon Giai phong Online newspaper reported October 25. Gold prices in Vietnam regained VND100,000 last weekend to VND32.8million/tael and the bankers expect the gold prices not to fall much "imbalance [...]

Local banks struggle to boost up credit at year-end Posted: 24 Oct 2010 10:23 PM PDT Local lenders are struggling to boost up credit at the year-end despite local enterprises' mounting demand for capital, the local newswire Sai Gon Giai Phong reported October 25. Local lenders are struggling to boost up credit at the year-end despite local enterprises' mounting demand for capital, the local newswire Sai Gon Giai Phong reported October 25. The [...]

New resorts introduced to public Posted: 24 Oct 2010 10:21 PM PDT The Archi Land Vietnam Group Joint Stock Co, under Archi Group officially introduced to public a chain of three resort projects of Green Villas 4, Lam Son Resort and Bella Resort on October 22, 2010. In details, Green Villas 4 included 35 villas, part of Green Villas chain project sited near Provincial Road No 84 and [...]

Foreign investments in Hanoi may touch $800m in 2010 Posted: 24 Oct 2010 10:20 PM PDT As estimated in 2010, the total foreign investments in Hanoi may reach $800 million, 1.5 times increase against 2009, according to Hanoi Statistics Department. The figure showed the strong recovery of the economy after the economic crisis. In particular, in 2010, the capital city would attract 350 projects worth $800 million including 300 newly licensed projects valued [...]

Investment capital for social development estimated at 800tr dong in 2010 Posted: 24 Oct 2010 10:20 PM PDT The total investment capital for social development in 2010 was estimated to reach 800 trillion dong, accounting for 41 percent of GDP, up 1.1 percent against the year’s target and 12.9 percent from 2009’s actualised figure. Of which, investments from individuals and inhabitants accounted for 31.2 percent (down 4.4 percent of the year’s plan), and then [...]

Sale of condos in Khuat Duy Tien Road Posted: 24 Oct 2010 10:17 PM PDT The Construction Joint Stock Co No 1 (Vinaconex 1 – coded VC1) has developed to sell condos project Duy Tien Road this week Located at the centre place of Cau Giay Dist and Thanh Xuan Dist, on the Belt Road No 3, the work has two basements for parking and five buildings’ with height of 22 [...]

New industrial zone for Hai Phong City Posted: 24 Oct 2010 10:17 PM PDT Hai Phong City People’s Committee – Hai Phong Economic Zone Management Board is supposed to coordinate with Kinh Bac Urban Development Corp to release the 1/2,000 detailed plan for project of Trang Cat Industrial Zone and Urban Area, in Dinh Vu-Cat Hai economic zone on October 26, 2010. The project to come up in an area [...]

Negotiation for buying electricity between PetroVietnam and EVN Posted: 24 Oct 2010 10:16 PM PDT Vice prime minister Hoang Trung Hai has asked the Ministry of Industry and Trade to guide electricity buying contract between the Vietnam National Oil and Gas Group (PetroVietnam) and the Electricity of Vietnam (EVN) for projects: Nhon Trach 1, Nhon Trach 2 and Vung Ang 1 to promote official contract as soon as possible. Before, PetroVietnam [...]

Work on Hong Phuc Resort starts Posted: 24 Oct 2010 10:16 PM PDT Vietsopetro Joint Venture Company held groundbreaking ceremony of five star resort Hong Phuc on October 20 in Phuoc Thuan commune, Xuyen Moc Dist, Ba Ria-Vung Tau with total cost of one trillion dong. The work covers nearly 12 hectares, including over 2.8 ones of beach, the rest for hotel, resort with 205 rooms, and conference room [...]

Each Vietnamese citizen owes a debt of 15.m dong for Vinashin: NA Member Posted: 24 Oct 2010 10:15 PM PDT “We received reliable information and data from the banks related to the case of troubled Vietnam Shipbuilding Industry Group (Vinashin), asserting that the debts of Vinashin were estimated at up to 120 trillion dong, not just the 86 trillion dong as reported,” Le Quang Binh, Chair of the Committee of Defense – Security of Vietnam [...]

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