Vietnam Business News

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• ACFTA – big opportunities for ASEAN and China
• NA Deputy says loophole exists in SOE governance
• Vietnam likely to put curbs on gold lending/ borrowing
• Push for growth hurts Vietnam Dong
• NA Deputy talks about inflation and economic policy
• Rice traders likely to halt exports
• Confab urges electronic payments
• Ministry proposes coffee stockpile
• European firms positive about nation’s outlook
• Right time to buy Vietnamese shares: VinaCapital

ACFTA – big opportunities for ASEAN and China Posted: 28 Oct 2010 11:40 PM PDT The ASEAN China Free Trade Area (ACFTA) has so far generated positive progress in the two-way trade, said Vietnamese Minister of Industry and Trade Vu Huy Hoang. Together with Japan and the European Union (EU), China has become one of ASEAN's leading trade partners with 11.6 % of the bloc's trade turnover. ACFTA officially took effect [...]

NA Deputy says loophole exists in SOE governance Posted: 28 Oct 2010 09:25 PM PDT Vu Viet Ngoan, Deputy Chair of the National Assembly's Economics Committee, in the interview given to the press, said it is necessary to build up a law on public investment which not only stipulates the issues related to the state investment in projects and construction works, but also in enterprises. Experts think that state owned economic [...]

Vietnam likely to put curbs on gold lending/ borrowing Posted: 28 Oct 2010 09:14 PM PDT The State Bank of Vietnam is likely to issue new regulations this week that could restrict gold lending and borrowing at commercial banks, according to media reports. The State Bank of Vietnam is likely to issue new regulations this week that could restrict gold lending and borrowing at commercial banks, according to media reports. The central bank [...]

Push for growth hurts Vietnam Dong Posted: 28 Oct 2010 09:09 PM PDT Fears of a global currency war are likely to feature high on the agenda at the Asian leaders' summit that opens in Hanoi today, but the host nation faces a different economic problem. Fears of a global currency war are likely to feature high on the agenda at the Asian leaders' summit that opens in Hanoi [...]

NA Deputy talks about inflation and economic policy Posted: 28 Oct 2010 09:09 PM PDT Dantri/DTiNews held an interview with National Assembly Deputy Tran Du Lich from Ho Chi Minh City about the inflation rate this year amid the rising CPI to date. Vietnam's consumer price index (CPI) in the first ten months of this year has increased against December 2009, nearing the target of 8% set by the government. What [...]

Rice traders likely to halt exports Posted: 28 Oct 2010 09:04 PM PDT Domestic rice exporters said they might cancel contracts with foreign buyers if the export price was lower than the floor price to ensure their profit margins and that of farmers were maximised. They have so far already signed contracts to export 6.8 million tonnes. Meanwhile, the rice export target this year was 6.5 million tonnes, said [...]

Confab urges electronic payments Posted: 28 Oct 2010 09:03 PM PDT Experts discussed ways to encourage Viet Nam to adopt the new POS (Point of Sale) plastic money system of paying for their shopping at a conference to introduce Viet Nam Banking 2010. In a recent survey, done by the State Bank of Viet Nam’s HCM City branch, 70 per cent of banks said they should have [...]

Ministry proposes coffee stockpile Posted: 28 Oct 2010 09:03 PM PDT The Ministry of Agriculture and Rural Development has asked the Government to permit companies to stockpile coffee from the first days of harvest, according to the Viet Nam Coffee and Cocoa Association. The ministry suggested the Government provide preferential loans so that companies could stockpile at least 300,000 tonnes of coffee. Coffee was only harvested for [...]

European firms positive about nation’s outlook Posted: 28 Oct 2010 09:02 PM PDT Most European companies are optimistic about Viet Nam’s economic outlook, according to the first quarterly survey of the country’s business climate by the European Chamber of Commerce (Eurocham) in Viet Nam. More than 200 member companies took part in the Business Climate Index survey, which was conducted online, said Alain Cany, chairman of Eurocham. Eurocham executive board [...]

Right time to buy Vietnamese shares: VinaCapital Posted: 28 Oct 2010 09:40 AM PDT Vietnamese shares are undervalued and becoming attractive to foreign investors. It's the good time to buy Vietnamese shares,Don Lam, CEO of VinaCapital said at its 2010 Investor Conference today Vietnamese shares are undervalued and becoming attractive to foreign investors. It's the good time to buy Vietnamese shares, the local newspaper Vietnamnews reported on October 28, citing [...]

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