Vietnam Business News

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• Nov 25: Vietnam gold undercuts VND36Mln, Dollar up
• Vietnam’s 16 hydropower projects licensed in Laos
• Vietnam emerges as one of the top travel destinations: survey
• Real estate developer licensed to build 9-ha resort in Phu Quoc
• HCM City real estate market: no signs of prosperity
• Hanoi invests over 22tr dong in basic construction in Jan-Oct
• Hanoi’s per capita income at nearly $2,000
• Hard to achieve CPI goal if changes in policies are not made: Top economist
• Stock market brisk November 25
• Lehman’s Asia liquidator to revamp Vinashin

Nov 25: Vietnam gold undercuts VND36Mln, Dollar up Posted: 25 Nov 2010 12:13 AM PST Vietnam gold prices on November 25 broke down VND36 million/tael as world gold prices eased to $1,369.29. Meanwhile, dollar prices heated up to VND21,300 in the free market. Bid and ask of Thang Long bullion, a product of Bao Tin Minh Chau were listed at VND35.87million/tael and VND36million/tael, respectively. Sacombank- SBJ in Ho Chi Minh was listed [...]

Vietnam’s 16 hydropower projects licensed in Laos Posted: 25 Nov 2010 12:09 AM PST Vietnamese Embassy in Laos in collaboration with Ministry of Energy and Mines of Laos on late November 23 in Vientiane held a seminar on “Vietnam-Laos cooperation on hydropower: status and prospects”. The seminar considered hydropower sector strength of Lao economy. At the same time, it is very important cooperation sector between Vietnam and Laos, attracting a [...]

Vietnam emerges as one of the top travel destinations: survey Posted: 25 Nov 2010 12:05 AM PST Vietnam has emerged as one of the top destinations for travellers from Thailand, Australia, Japan and Singapore, according to a recent survey compiled by Visa and the Pacific Asia Travel Association (PATA). The survey included 6,714 respondents from 13 countries and territories and showed that among all the future travellers who are most likely to visit [...]

Real estate developer licensed to build 9-ha resort in Phu Quoc Posted: 25 Nov 2010 12:04 AM PST Dream House Investment Joint Stock Co (STC-listed DRH) has obtained a license from Kien Giang provincial People’s Committee to build a resort in Phu Quoc island. The project, namely Dream House Phu Quoc Resort, covers a site of 8.86 hectares, in Bac Bai Truong coastal tourism area, Duong To commune, Phu Quoc island District of Kien [...]

HCM City real estate market: no signs of prosperity Posted: 25 Nov 2010 12:04 AM PST Real estate market in HCM City has not yet shown any sign of prosperity, although it is the end of the year and peak season as usual. The overwhelming difficulties in the recent time, and the high interest rates may have led the market to encounter this situation. High interest rates – difficulties for both sides Le [...]

Hanoi invests over 22tr dong in basic construction in Jan-Oct Posted: 25 Nov 2010 12:03 AM PST Till the end of October, Hanoi People's Committee spent over 22.039 trillion dong on basic construction. Of which, capital for focused basic construction was over 19.124 trillion dong and targeted programme capital for development at 1.49 trillion dong, according to Hanoi Department of Planning and Investment. Accordingly, the G-bond capital was 448.576 billion dong for irrigation [...]

Hanoi’s per capita income at nearly $2,000 Posted: 25 Nov 2010 12:03 AM PST Hanoi’s the second 15 term Party Committee’s Conference held on November 24 evaluated the socio-economic situation in 2010 and set targets and tasks for 2011. Accordingly, the capital city targets to reach gross domestic product (GDP) growth during 2011-2015 at 12-13 percent. In 2010, Hanoi’s GDP growth was estimated at 11 percent, higher than the approved target [...]

Hard to achieve CPI goal if changes in policies are not made: Top economist Posted: 25 Nov 2010 12:02 AM PST If the government of Vietnam does not make a positive change in policy in future, consumer price index (CPI) will continue to increase, and Vietnam will find it hard to control CPI as per the proposed inflation targets, the newswire CafeF reported, citing the remark of PhD. Bui Kien Thanh, top economist. Thanh said that the [...]

Stock market brisk November 25 Posted: 25 Nov 2010 12:02 AM PST Although difficulties remained along with unfavourable factors and high inflation, the index of Hochiminh Stock Exchange (STC) today November 25 still gained 5.37 points or 1.24 percent to 439.85 pts, marking the third consecutive gain on the southern bourse. The total matching order trade reached over 34 million shares. Like the southern floor, the HNX Index also [...]

Lehman’s Asia liquidator to revamp Vinashin Posted: 25 Nov 2010 12:00 AM PST Vietnam is bringing in the man who led the liquidation and sale of Lehman Brothers in Asia to help restructure Vinashin, the debt-ridden shipbuilder that was meant to be the poster child for the country's vision of state-led development. The government is finalising the appointment of KPMG, Vinashin's auditors, as restructuring advisers, according to a person [...]

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