Vietnam Business News

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• Vietnam gas prices rise VND25,000/cylinder
• Vietnam to be one of ten largest honey exporters worldwide
• Viettronics Tan Binh closes Sony Vietnam joint venture
• FPT to buy over 50pct stake of EVN Telecom
• VNPT gains 67.5tr dong revenue in first ten months
• Korea helps Vietnam develop southern coastal corridor route
• Work on Long Giang Tower project to start this month
• Vietnam boosts trade ties with Laos and Cambodia
• Vietnam to be amongst top three fastest growing economies in Asia: Standard Chartered forecasts
• Stock market falls on first session of November

Vietnam gas prices rise VND25,000/cylinder Posted: 01 Nov 2010 01:03 AM PDT The retail prices of domestic gas have increased by VND25,000 per 12 kilo cylinder to VND297,000/cylinder today, the online newspaper VnExpress reported on November 1, The retail prices of domestic gas have increased by VND25,000 per 12 kilo cylinder to VND297,000/cylinder today, the online newspaper VnExpress reported on November 1,citing Do Trung Thanh, deputy sales manager [...]

Vietnam to be one of ten largest honey exporters worldwide Posted: 01 Nov 2010 12:56 AM PDT Ministry of Agriculture and Rural Development, the World Bee Association, and Vietnam Bee Association officially held an international conference on apiculture and honey trade in Hanoi on October 30, 2010. At the conference, the participants focused on improving quality of honey and management, and trading honey. Vietnam has produced nearly 20,000 tonnes of honey, 80-85 percent of [...]

Viettronics Tan Binh closes Sony Vietnam joint venture Posted: 01 Nov 2010 12:55 AM PDT Southern bourse-listed Viettronics Tan Binh Joint Stock Co (coded VTB) recently announced to stop the operation of Sony Vietnam Co, Ltd Particularly, Sony Vietnam Co, Ltd headquartered No 248A No Trang Long, Binh Thanh dist, HCM City, a joint venture between VTB and Sony Group, was established in October 2004 with the initial chartered capital of [...]

FPT to buy over 50pct stake of EVN Telecom Posted: 01 Nov 2010 12:55 AM PDT The prime minister Nguyen Tan Dung recently approved in principle for EVN Telecom to select domestic strategic investors for its initial public offering (IPO), according to EVN Telecom. Accordingly, FPT JSC and FPT Telecom Co (a subsidiary of FPT) will be strategic investors of EVN Telecom. These two firms will jointly hold 50 percent stake of [...]

VNPT gains 67.5tr dong revenue in first ten months Posted: 01 Nov 2010 12:54 AM PDT During the first ten months this year, there were 35 million new phone subscribers, up 5.4 percent against the same period last year, including over 770,000 fixed phone subscribers and 34.5 million mobile phone ones, according to general Statistic Office (GSO). Till the end of October, the country has had 160.8 million phone subscribers, a year-on-year [...]

Korea helps Vietnam develop southern coastal corridor route Posted: 01 Nov 2010 12:53 AM PDT To act as prime minister’s proxy, the deputy minister of finance, Tran Xuan Ha, on October 29 signed three official development assistance (ODA) agreements totalled at $76 million with Dongsoo Kim, Korea Eximbank Chair cum general director, to develop transport infrastructure of Vietnam. The signing was made via Economic Development Cooperation Fund (EDCF) for three projects: * [...]

Work on Long Giang Tower project to start this month Posted: 01 Nov 2010 12:52 AM PDT Giai Phong Auto Joint Stock Co (coded GGG) plans to start construction on Long Giang Tower project by the end of this month. The project has two main investors-Long Giang Group Joint Stock Co and Giai Phong Auto (GGG), of which the automobile firm contributed 25 percent of total capital. The project includes one tower with [...]

Vietnam boosts trade ties with Laos and Cambodia Posted: 01 Nov 2010 12:51 AM PDT With the prime minister’s permission, on October 29, on the sidelines of the 17th Asean Summit held in the National Conference Centre, Hanoi, minister of Industry and Trade, Vu Huy Hoang, signed an agreement with Laos counterpart, Viyaketh, to promote bilateral trade between Vietnam and Laos in 2011. The signing is the implementation of agreement on [...]

Vietnam to be amongst top three fastest growing economies in Asia: Standard Chartered forecasts Posted: 01 Nov 2010 12:50 AM PDT Vietnam’s inflation would be 10.5 percent in 2011 after being strictly controlled in 2010, said Standard Chartered Bank’s head of FX strategic research department in Asia, Edward Lee, at the press conference on October 28. Vietnam will be among top three fastest growing economies in Asia. According to Edward, Vietnam’s economic growth in 2011 would reach 7.2 [...]

Stock market falls on first session of November Posted: 01 Nov 2010 12:50 AM PDT The first trading session of November ended with falls on both bourses and boring transactions. After the first trading session, the VN Index slipped 0.82 points or 0.18 percent to 451.81 pts with the trading volume of over 600,000 shares worth 18.39 billion dong. In the continuous matching order period, the VN Index lost 2.11 points or [...]

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