Vietnam Business News

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• Quynh Lap thermo power plant to start operations by 2015
• VN Index loses 450 point threshold November 9
• Foreign investors hesitant to put money in stock market on dong devaluation concerns
• Bidv Securities Co Ltd to make IPO in northern bourse on November 17
• Accessories and machines imports at over $9.7b
• Mozambique grants Vietnam’s Viettel mobile licence
• Pepper trades up on overseas demand
• Nov 9: Vietnam gold tops VND38Mln, Dollar hits VND21,150
• Vietnam, Japan keen to promote investment cooperation
• Vietnamese enterprises should work as small fry to grow up: expert

Quynh Lap thermo power plant to start operations by 2015 Posted: 08 Nov 2010 11:47 PM PST Hoang Trung Hai, deputy prime minister has lately required the concerning ministries, investors and EPC contractors to ensure the implementation process of Quynh Lap 1 thermo power plant so as to put into operation the power plant by 2015. In details, the deputy prime minister assigned ministry of industry and trade to work with Vietnam Coal [...]

VN Index loses 450 point threshold November 9 Posted: 08 Nov 2010 11:44 PM PST Vietnam’s trading session today November 9 continued another fall and the VN Index officially lost the threshold of 450 points. Particularly, the index of Hochiminh Stock Exchange (STC) lost 7.73 points or 1.69 percent to 449.4 pts with the total matching order trade of nearly 42 million shares valued at 1.115 trillion dong. According to the statistics, [...]

Foreign investors hesitant to put money in stock market on dong devaluation concerns Posted: 08 Nov 2010 11:43 PM PST Fluctuations on the foreign exchange market have become the concern of investors, especially foreign investors. Although the “hot fever” of the forex market has somewhat abated, foreigners are frequently keeping track on the exchange rate fluctuations. Hoang Thi Hoa, head of Research and Analysis Department of the Vietnam Securities Co (VCSC), said Vietnam’s stock market now [...]

Bidv Securities Co Ltd to make IPO in northern bourse on November 17 Posted: 08 Nov 2010 11:43 PM PST Bank for Investment and Development of Vietnam (Bidv) Securities CO Ltd (BSC) plans to make its initial public offering (IPO) on November 17 at Hanoi Stock Exchange (HNX). Accordingly, the company plans to auction 10,195,570 of shares to the public with initial offered price of 10,300 dong per share. At the same time, the company will [...]

Accessories and machines imports at over $9.7b Posted: 08 Nov 2010 11:42 PM PST Vietnam imported $1.11 billion for machines, equipments and accessories in September, down 6.4 percent against the previous month, and bringing the total figure in first nine months to $9.7 billion, up 16 percent year-on-year and accounting for 16.2 percent of the country’s total import spending. In September, China remained the Vietnam’s biggest partner for machines and [...]

Mozambique grants Vietnam’s Viettel mobile licence Posted: 08 Nov 2010 08:26 PM PST Mozambique picked a unit of Vietnam’s unlisted Viettel as its third mobile-phone operator, the head of telecoms regulation in the southern African country said on Monday. Mozambique picked a unit of Vietnam’s unlisted Viettel as its third mobile-phone operator, the head of telecoms regulation in the southern African country said on Monday. Movitel, a unit of Viettel [...]

Pepper trades up on overseas demand Posted: 08 Nov 2010 08:25 PM PST Demand from the local stockists and expectation of overseas orders will support pepper prices to remain firm in the coming days. Fundamental Analysis Demand from the local stockists and expectation of overseas orders will support pepper prices to remain firm in the coming days. Lower stocks of Pepper with Vietnam and Indonesia till fresh arrivals expected next year [...]

Nov 9: Vietnam gold tops VND38Mln, Dollar hits VND21,150 Posted: 08 Nov 2010 08:23 PM PST Vietnam gold prices on November 9 sets a fresh all-time high of VND38million/tael, extending its rising momentum to the 8th consecutive day since November 2. Meanwhile, dollar prices hits a new peak of VND21,150 in the free market. Vietnam gold prices on November 9 morning sets a fresh all-time high of VND38million/tael, extending a new round [...]

Vietnam, Japan keen to promote investment cooperation Posted: 08 Nov 2010 08:17 PM PST Prime Minister Nguyen Tan Dung received former Japanese Prime Minister Shinzo Abe, who is leading a delegation of small and medium enterprises to Vietnam to promote investment cooperation, in Hanoi on November 8. PM Dung expressed his hope that with his prestige, Shinzo Abe's would contribute to boosting the Vietnam-Japan cooperation in economic, trade and development [...]

Vietnamese enterprises should work as small fry to grow up: expert Posted: 08 Nov 2010 08:16 PM PST What should Vietnam do to be able to create Vietnamese products with globally recognized brands? This question was raised by VietNamNet to Tran Quang Hung, Secretary General of the Vietnam Electronics Association. Why do Vietnamese enterprises decide to have their products outsourced to China? In general, regular components are imported from China which can provide products at [...]

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