Sunday, November 21, 2010

Vietnam Business News

Vietnam Business News


VNPT signs a credit contract for Vinasat-2

Posted: 20 Nov 2010 08:25 AM PST

The Viet Nam Post and Telecommunication Group (VNPT) recently inked a credit-lending contract with State-owned Viet Nam Development Bank (VDB) for the VINASAT 2 project. The Viet Nam Post and Telecommunication Group (VNPT) recently inked a credit-lending contract with State-owned Viet Nam Development Bank (VDB) for the VINASAT 2 project. Under the agreement, VNPT will get a [...]


HCM City’s CPI climbs up

Posted: 20 Nov 2010 08:19 AM PST

HCM City's consumer price index (CPI) rose by 1.73 percent in November compared to the previous month, according to the city's Statistical Office. Since beginning of the year, it has kept rising (9.13 percent over the same period in 2009 and 7.84 percent over last December). The price of eleven groups of commodities increased sharply this month. [...]


Hanoi’s November CPI up by 1.93 percent

Posted: 20 Nov 2010 08:19 AM PST

Hanoi's November Consumer Price Index (CPI) experienced a 1.93 percent rise against the previous month, which the biggest rise in nine months, according to the Hanoi Statistical Office. The biggest increase was seen in food (6.26 percent) and construction materials (3.98 percent) while garments, textiles, footwear, beverages, tobacco, and home appliances had only a slight increase [...]


First solar-energy building connection

Posted: 20 Nov 2010 08:06 AM PST

Viet Nam’s first solar energy system connected to the grid, which will provide electricity to the Ministry of Industry and Trade offices, was inaugurated in Ha Noi yesterday. The 1 million euro (US$1.37 million) project funded by the German government covered 100 square metres with 52 modules of solar power battery panels. The system could produce up [...]


Firms sell convertible bonds to Goldman Sachs

Posted: 20 Nov 2010 08:04 AM PST

US financial investment firm Goldman Sachs has signed contracts worth US$55 million this week to buy convertible bonds from two HCM City Stock Exchange-listed companies, the HCM City Infrastructure Investment Company (CII) and Masan Group (MSN). In the contract with CII concluded on Thursday, Goldman Sachs Investment Partners, managed by Goldman Sachs Assets Management Company under [...]


Security of digital info now even more crucial

Posted: 20 Nov 2010 08:04 AM PST

Ensuring the security of digital information had become even more critical in recent years because of the widespread use of information technology in daily life, a senior official said at a seminar in HCM City yesterday. Speaking at the third annual Information Security Day, Dinh The Lich, chief representative of the Information and Communications Ministry’s southern [...]


IBM showcases smarter business banking series

Posted: 20 Nov 2010 08:03 AM PST

Top business leaders from Government, finance, banking and other sectors gathered in Ha Noi on Thursday to discuss market trends and business solutions at a seminar held in conjunction with an exhibition of IBM’s information technology solutions. The seminar aims to promote IBM’s smarter business and technology series to businesses operating in Viet Nam. With co-operation from [...]


Viet Nam to honour security experts

Posted: 20 Nov 2010 08:03 AM PST

ASEAN members have submitted 63 nominations for candidates to be considered for the Chief Security Officer (CSO) awards that are granted every year to those working to keep information systems safe for enterprises, organisations and institutions. The receipt of nominations were announced by the HCM City Department of Information and Communications, Viet Nam Computer Emergency Response [...]


VN still imports vital engineering goods

Posted: 20 Nov 2010 08:02 AM PST

Despite encouraging achievements by the domestic machinery engineering industry, Viet Nam still had to spend billions of euros to import essential products every year to meet national economic requirements, said Deputy Minister of Industry and Trade Ho Thi Kim Thoa. Thoa delivered this statement during a business conference yesterday which witnessed the participation of over 250 [...]


Mekong aquaculture to expand

Posted: 20 Nov 2010 08:02 AM PST

Viet Nam plans to expand the area for aquaculture in the Cuu Long (Mekong) River Delta to 830,000 hectares, yielding nearly 3 million tonnes per year by 2015, according to the Ministry of Agriculture and Rural Development. The industry, which is expected to reach export revenue of US$4.47 billion by that time, will employ 2.1 million [...]


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