Vietnam Business News

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• Vietnam plans to export some 2 million tonnes of marine products by 2020
• IBM official: Great potential for Vietnam’s software development
• Trade gap widens in October since May
• Inflation: government may tighten monetary policy
• Most firms fail to successfully sell shares in bearish stock market
• Stock market rallies, VN Index exceeds 430 point threshold
• SCIC withdraws capital in two enterprises in Bac Kan province
• Office for rent continues to rise in HCM city
• SBV tackles local banks’ “ unofficial transaction”
• Hanoi city intensifies to stabilize prices

Vietnam plans to export some 2 million tonnes of marine products by 2020 Posted: 22 Nov 2010 11:24 PM PST Vietnam sets the target of exporting 1.9 million tonnes of marine products by 2020, earning around US $8 billion, according to a draft planning scheme. The planning scheme is expected to develop a sustainable aquaculture based on abundant input supply, market survey, and reliable demand forecasts. By 2015, the country eyes to ship some 1.6 million tonnes [...]

IBM official: Great potential for Vietnam’s software development Posted: 22 Nov 2010 11:23 PM PST Vietnam has a huge amount of potential for the development of the software industry, according to Charles Manuel, director of IBM Asean Strategic Initiatives. IBM introduces smart solutions to Vietnam’s different economic sectors Manuel made the statement at a press conference in Hanoi on November 18 when his group held a forum and an exhibition to introduce [...]

Trade gap widens in October since May Posted: 22 Nov 2010 11:22 PM PST On November 16th, the general department released statistics about the local export and import situation in October 2010. Specifically, export turnover reached USD 6.23 billion in October, up 2.1 percent from September and import turnover posted USD 7.3 billion, up 4.7 percent. With these, import turnover was higher than export tunover, resulting in October’s trade [...]

Inflation: government may tighten monetary policy Posted: 22 Nov 2010 11:21 PM PST On average, the inflation in the last three months had the strongest increase compared to the same period of the recent 20 years. High inflation rate is due to a series of factors, and it has surprised many experts. What are the causes and long-term solutions to this problem? According to recently released figures, November 2010’s [...]

Most firms fail to successfully sell shares in bearish stock market Posted: 22 Nov 2010 11:21 PM PST Recently, the number of enterprises that have registered to make initial public offering (IPO) on the HCM City Stock Exchange (STC) has increased compared with a year earlier. However, very handful of firms were successful in selling shares, while the other had to cancel IPO because no investor register to participate in their IPO. Since early November [...]

Stock market rallies, VN Index exceeds 430 point threshold Posted: 22 Nov 2010 11:20 PM PST The Vietnam’s stock market today (November 23) witnessed a rally on both bourses Hochiminh Stock Exchange (STC) and Hanoi Stock Exchange (HNX) when the VN Index regained 430 point threshold and the HNX Index was closer to 100 point threshold. After the information that the consumer price index (CPI) surged strongly, the stock market faced disadvantages. [...]

SCIC withdraws capital in two enterprises in Bac Kan province Posted: 22 Nov 2010 11:18 PM PST The State Capital Investment Corp (SCIC) announced that on December 14, the corporation will hold the auction session for offloading the state-owned shares in two enterprises in Bac Kan province to public. In details, SCIC planned to auction the entire shares of 5,106 shares at Bac Kan Forestry Joint Stock Co at Group 1B, Duc Xuan [...]

Office for rent continues to rise in HCM city Posted: 22 Nov 2010 11:14 PM PST Tan Thuan Industry Development Ltd has finished construction of IPC Tower, an office building, in Phu My Hung area, providing 14,200m2 office for rent. Colliers International, the manager o the tower, said the offered rental is $18-$20 /m2. Colliers data showed that Ho Chi Minh City has around 1.4 million m2 office for rent of all levels. [...]

SBV tackles local banks’ “ unofficial transaction” Posted: 22 Nov 2010 11:14 PM PST The State Bank of Vietnam (SBV) ordered local lenders not to set a too big gap between deposit and lending interest rates, helping to stabilize the market in a move to tackle the banks' "unofficial interest rate transactions". The State Bank of Vietnam (SBV) ordered local lenders not to set a too big gap between deposit [...]

Hanoi city intensifies to stabilize prices Posted: 22 Nov 2010 11:13 PM PST Hanoi City, Vietnam's capital, has been intensifying to calm down goods and services price hike Hanoi City, Vietnam's capital, has been intensifying to calm down goods and services price hike, the online newspaper VnExpress reported on November 23, citing the city's Department of Industry and Trade information at a meeting on price control on November 22. The [...]

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