Vietnam Business News

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• Gold prices increase by VND650,000/tael
• Vietnam attends ASEAN Finance Ministers’ Investor Seminar
• Difficult to keep CPI in single-figures
• The US will be a tough negotiator in TPP?
• Foreign banks eyeing Vietnam and Vietnamese banks
• Hanoi office supply points to higher in Q4 2010
• HCM office market likely to see positive in Q4 2010: CBRE
• ADB funds Vietnam $60Mln to improve non-bank financial system
• Solutions to improve Vietnam’s banking and finance: EuroCham
• Vietnam’s policy credibility ‘low’ as prices rise, JPMorgan says

Gold prices increase by VND650,000/tael Posted: 01 Dec 2010 01:01 AM PST SJC gold in Hanoi at 9.30am on December 1 was transacted at VND36.30-36.45 million/tael. In Ho Chi Minh City, Da Nang, Nha Trang and Can Tho, it hovered around VND36.35-36.42 million/tael. Compared to transactions on November 30, gold prices rose by VND650,000/tael. In the Asian market on December 1, the price of gold was listed at [...]

Vietnam attends ASEAN Finance Ministers’ Investor Seminar Posted: 01 Dec 2010 01:00 AM PST A Vietnamese delegation led by Nguyen Ba Toan, a senior official from the Ministry of Finance attended the seventh ASEAN Finance Ministers Investor Seminar (AFMIS) in Kuala Lumpur, Malaysia on November 30. The seventh AFMIS with the theme “Discovering Tomorrow’s ASEAN” focused on the opportunities that ASEAN markets have to offer the global investing community. The Vietnamese [...]

Difficult to keep CPI in single-figures Posted: 01 Dec 2010 01:00 AM PST It is hard to keep December's consumer price index (CPI) at 0.4 percent so the relevant agencies need to devise tougher measures to curb price hikes, says Deputy Minister of Industry and Trade (MoIT), Ho Thi Kim Thoa. At present, the CPI has risen by 9.58 percent over the same period last year. Meanwhile, December's CPI [...]

The US will be a tough negotiator in TPP? Posted: 01 Dec 2010 12:58 AM PST It is still early to talk about what Vietnam will gain and lose when it joins the Trans-Pacific Economic Partnership Agreement (TPP). However, analysts say that TPP will be a challenging game until the US recognises Vietnam's economy as market economy. The story about the origin of goods Since November 13, 2010, Vietnam has officially began the [...]

Foreign banks eyeing Vietnam and Vietnamese banks Posted: 01 Dec 2010 12:58 AM PST Though the banking sector is facing a lot of difficulties, many foreign banks remain eager to "shake hands" with Vietnamese banks. Meanwhile, foreign banks in Vietnam say they can see bright prospects in the market. Tran Thi Thanh Thanh, Chair of Mekong Bank, has revealed that the bank has found a strategic partner to sell 20-30 [...]

Hanoi office supply points to higher in Q4 2010 Posted: 30 Nov 2010 08:11 PM PST The office market in Hanoi City is estimated to continue increasing in the fourth quarter and Jan 2010, CBRE said in its newly released Asia Market View Q32010. Q3 2010 Review Grade A office rents in Hanoi recorded a mild improvement during the third quarter of 2010, rising 1.9% q-o-q to stand at US$40.4 psm/month (US$3.8 psf/month). [...]

HCM office market likely to see positive in Q4 2010: CBRE Posted: 30 Nov 2010 08:10 PM PST Real estate outlook in Ho Chi Minh City (HCMC) points to a sustained wave of positive demand in the fourth quarter of this year, CBRE said in its newly released Asia Market View Q32010. Q3 2010 Review The prime office market in HCMC slightly decreased in the third quarter despite higher demand. Therefore, the real estate traders [...]

ADB funds Vietnam $60Mln to improve non-bank financial system Posted: 30 Nov 2010 08:09 PM PST Asian Development Bank (ADB) on November 29 granted Vietnam a 24-year loan of $60million to support Vietnam in extending improvement in the local non-bank financial system. Asian Development Bank (ADB) on November 29 granted Vietnam a 24-year loan of $60million to support Vietnam in extending improvement in the local non-bank financial system including bond and stock [...]

Solutions to improve Vietnam’s banking and finance: EuroCham Posted: 30 Nov 2010 08:09 PM PST Euro Chamber of Commerce in Vietnam (EuroCham) has proposed Vietnam Government and the State Bank of Vietnam (SBV) three solutions to improve the banking and finance system. Euro Chamber of Commerce in Vietnam (EuroCham) has proposed Vietnam Government and the State Bank of Vietnam (SBV) three solutions to improve the banking and finance system, helping to [...]

Vietnam’s policy credibility ‘low’ as prices rise, JPMorgan says Posted: 30 Nov 2010 08:08 PM PST The Vietnamese central bank's lack of independence and credibility as well as a "vague" monetary policy framework have allowed inflation to accelerate in the Southeast Asian nation, JPMorgan Chase & Co. said. The Vietnamese central bank's lack of independence and credibility as well as a "vague" monetary policy framework have allowed inflation to accelerate in the [...]

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