Tuesday, November 16, 2010

Vietnam Business News

Vietnam Business News

Nov 16: Vietnam gold edges down to VND34.9Mln, Dollar steady

Posted: 16 Nov 2010 12:01 AM PST

Vietnam gold prices on November 16 morning eased to VND34.9million/tael, down VND100,000 from yesterday close after the State Bank of Vietnam (SBV) gave gold import quota to local banks. Meanwhile, dollar prices stayed flat at VND20,950. Vietnam gold prices on November 16 morning eased to VND34.9million/tael, down VND100,000 from yesterday close after the State Bank of [...]


Vietnam exports $888Mln cashew in Jan-Oct

Posted: 16 Nov 2010 12:00 AM PST

Vietnam is estimated to have exported $888 million worth of 160,000 tons of cashew in the first ten months of this year, increasing 29.33% for value and 9.21% for quantity from 2009, Vietnam is estimated to have exported $888 million worth of 160,000 tons of cashew in the first ten months of this year, increasing 29.33% [...]


Nov 16: Vietnam stocks continue to fall on cut loss efforts

Posted: 16 Nov 2010 12:00 AM PST

Vietnamese stocks continued to drop today as local investors offloaded shares to cut losses fearing the prices to go down further. The benchmark VN Index lost 6.65 points or 1.53% to 426.89. However, volume rose to 35.34 million shares traded for VND732.9 billion compared with 29.77 million shares traded for VND639.46 billion on November 15. The sharp [...]


National Assembly gives thumbs up to VND3.5Tln for PetroVietnam

Posted: 15 Nov 2010 11:59 PM PST

Vietnam's National Assembly approved a plan to allocate VND3.5 trillion (USD179.487 million) to PetroVietnam next year. The figure was included in a National Assembly (NA) resolution on the central budget allocation in 2011 approved by the majority of NA deputies on November 15. According to the NA Standing Committee, the allocation to PetroVietnam is in line with [...]


Brokers hike charges of financial leverage

Posted: 15 Nov 2010 11:02 PM PST

Many securities firms have started raising interest rates charged on financial leverage usages after the central bank raised the benchmark rate to 9% on November 5, local state media reported. Small and Medium Enterprise Securities raised the fee for advances of the value of sold shares to 19% a year from previous 16.2% per year or [...]


Thai Airways connects Vietnam and Indian pilgrimage sites

Posted: 15 Nov 2010 07:57 PM PST

Thai Airways International has created more connectivity for its flights from Vietnam and renowned sacred sites Bodh Gaya and Varanasi in India to cater to rising demand of tourists and pilgrims. Thai Airways currently serves Thailand’s capital city of Bangkok and India’s Bodh Gaya and Varanasi, and this flight is connected with those flights [...]


Vinacomin said to plan benchmark sale of 10-Year Dollar bonds

Posted: 15 Nov 2010 07:54 PM PST

Vietnam National Coal-Mineral Industries Group plans a benchmark-sized sale of 10-year dollar bonds, according to a person familiar with the matter. Vietnam National Coal-Mineral Industries Group plans a benchmark-sized sale of 10-year dollar bonds, according to a person familiar with the matter. The company, known as Vinacomin, hired Australia & New Zealand Banking Group Ltd., Citigroup Inc. [...]


Vietnam coffee harvest to speed in late Nov

Posted: 15 Nov 2010 07:53 PM PST

Vietnamese farmers will speed full-scale coffee harvesting in two weeks, as rains ended after affecting production since late last month, two growers said on Monday. Vietnamese farmers will speed full-scale coffee harvesting in two weeks, as rains ended after affecting production since late last month, two growers said on Monday. Rains have slowed the pace of cherry [...]


Growth expected in Vietnam says CBRE

Posted: 15 Nov 2010 07:52 PM PST

An over supply in Vietnam's major metropolitan areas is just a short term issue according to Hanoi based Executive Director of CBRE , Richard Leech An over supply in Vietnam's major metropolitan areas is just a short term issue according to Hanoi based Executive Director of CBRE , Richard Leech. Facing rising demand in 2011, Vietnam's real [...]


Vietnam money – rising interest rates to pressure businesses

Posted: 15 Nov 2010 07:51 PM PST

Interest rates in Vietnam soared over the past week after the central bank signaled tighter monetary policy to curb inflation and stabilise the foreign exchange market. Interest rates in Vietnam soared over the past week after the central bank signaled tighter monetary policy to curb inflation and stabilise the foreign exchange market. Banks were offering deposit rates [...]


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