Vietnam Business News

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• Vietnam-China agriculture fair in to Hanoi early next month
• Japan, Vietnam to build railroad
• Corporate governance of SoEs requires prudential reforms
• HCM City to spotlight Vietnam Telecom 2010
• US firm licensed to tap credit info sector in Vietnam
• October auto sales continue downtrend
• Local fertilizer prices top VND14,000/kg
• Issue relating to investment in credit institutions still to be resolved
• Land values in Ha Noi remain unchanged
• Foreign exchange market tense

Vietnam-China agriculture fair in to Hanoi early next month Posted: 12 Nov 2010 08:27 PM PST A Vietnam-China agriculture and handicrafts fair will be held in Hanoi from December 1-6. The Vice Chairman of the Vietnam Cooperative Alliance Nguyen Xuan Hien told a press briefing on November 12 that the event will offer a chance for domestic cooperatives and enterprises to promote their products and boost trade, investment and tourism between Vietnam [...]

Japan, Vietnam to build railroad Posted: 12 Nov 2010 08:26 PM PST Japan has proposed Vietnam cooperating with Vietnam in a project on construction of a high-speed railway lines between Hanoi and Vinh and between HCM City and Nha Trang. According to the Vietnam Railway Corporation, the Japanese embassy in Hanoi sent a diplomatic note to the Ministry of Planning and Investment (MPI) and the Japan International Cooperation [...]

Corporate governance of SoEs requires prudential reforms Posted: 12 Nov 2010 08:25 PM PST Building a mechanism to enhance corporate governance of State-owned enterprises (SoEs) and groups should be based on real lessons to accelerate business reform and economic growth, said Tran Tien Cuong, director of the Central Institute of Economic Management (CIEM). Cuong was speaking at a conference to discuss the results of an investigation on corporate governance and [...]

HCM City to spotlight Vietnam Telecom 2010 Posted: 12 Nov 2010 08:24 PM PST The District 7-based Saigon Exhibition and Convention centre next week will host the 13th International Exhibition in Vietnam on Telecommunications and Information Technology. The four-day event starting next Wednesday will increase the scope of the exhibition and highlight the increasing convergence in information and technology communications (ICT) and the electronics sector. The expo, one of the biggest [...]

US firm licensed to tap credit info sector in Vietnam Posted: 12 Nov 2010 08:24 PM PST The US-based TransUnion has got an operation certificate to set up a company in Vietnam named TransUnion Vietnam Limited Company to provide credit information service. The new company, expected to announce inauguration on December 4, will become the second private company to supply credit information in Vietnam in accordance with Decree 10 and Circular 16 on [...]

October auto sales continue downtrend Posted: 12 Nov 2010 08:22 PM PST October sales of locally assembled automobiles shrank 11 percent year-on-year to 10,400 units, the fourth straight month that the 16 members of the Vietnam Automobile Manufacturers’ Association (VAMA) saw a contraction in sales. All of the three segments that were major drivers for the industry tumbled last month, with sales of passenger vehicles crashing 16 percent [...]

Local fertilizer prices top VND14,000/kg Posted: 12 Nov 2010 08:03 AM PST The prices of fertilizer increased to the highest level from the beginning of this year, the online newspaper Tuoitre reported on November 12, citing local traders. In details, DAP fertilizer posted the highest increase of VND2,000/kg to between VND12,200-VND14,000. The urea fertilizer is sold at between VND8,500-VND9,000 per kilo, increasing VND500-VND1,000 from last week. PetroVietnam Fertilizer and Chemicals [...]

Issue relating to investment in credit institutions still to be resolved Posted: 12 Nov 2010 08:03 AM PST It has been four-years since Vietnam joined the WTO. The provisions relating to investment in credit institutions have gradually been completed in accordance with WTO rules. Nevertheless, there are still issues that are needed to be solved. The National Assembly has passed the Law on Credit Institutions, which will take effect from January 1, 2011. Debate on foreign [...]

Land values in Ha Noi remain unchanged Posted: 12 Nov 2010 08:03 AM PST A draft on land prices in Ha Noi in 2011 said prices in the coming year would remain the same reported Ha Noi’s People’s Committee. The prices of land would remain at the lowest of VND2.34 million per square metre in Duong Noi and Ha Dong District, while land on Hang Ngang and Hang Dao Streets [...]

Foreign exchange market tense Posted: 12 Nov 2010 08:03 AM PST The foreign exchange market has become extremely tense in the last few weeks. Dong/dollar exchange rate on free market has been growing steadily, sometimes to 21,200 dong per dollar, almost nine% higher than the ceiling price of the State Bank of Vietnam (SBV). When the interest rises beyond the ceiling level, naturally, people carefully observe the [...]

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