Vietnam Business News

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• Brokers predict adjustments on profit taking this week
• Dec 7: Vietnam stocks retreat, liquidity remains high
• Vietnam’s tourism focuses on four main markets
• City’s ODA capital to rise next year
• Vietnam shipbuilder’s woes spread, miner downgraded
• Vinashin loan woes may drive up debt costs for Vietnam’s state companies
• Vietnam ETF: growth, but with caution
• Inflation control top priority for Vietnam Cbank
• Dec 7: Vietnam gold surges to VND36.75Mln as world gold prices hit all-time high
• Transunion says will start up credit info bureau in 2012

Brokers predict adjustments on profit taking this week Posted: 07 Dec 2010 12:34 AM PST After a rising week with significant gains, the stock market is expected to see adjustments in at least two or three sessions this week before sustaining the uptrend in the coming time as many investors will lock in profits, brokers said. The market ended gloomy days with up to four rising sessions last week and only [...]

Dec 7: Vietnam stocks retreat, liquidity remains high Posted: 07 Dec 2010 12:32 AM PST Vietnamese stocks snapped the gaining streak today as local investors boosted profit taking after 3 consecutive gaining days, threshold 460 sustained and liquidity remained strong The benchmark VN Index gave up 4.8 points or 1.03% to 460.76. Volume eased to 85.025 million shares traded for VND1.984 trillion compared with 96.78 million shares traded for VND2.392 trillion [...]

Vietnam’s tourism focuses on four main markets Posted: 06 Dec 2010 09:28 PM PST Vietnam’s tourism industry has singled out China, the Northeast Asian countries of Japan and South Korea, Europe, and Asean as its four main source markets for next year’s business plan and will boost marketing activities there, an official said. Vu The Binh, head of the Travel Department under the Vietnam National Administration of Tourism, told the [...]

City’s ODA capital to rise next year Posted: 06 Dec 2010 09:24 PM PST Official development assistance (ODA) capital in HCM City will increase to over VND6.3 trillion next year compared to this year’s VND4.7 trillion, HCM City Party Committee secretary Le Thanh Hai said at a conference on Thursday. According to the city People’s Committee report, the city has disbursed VND3.6 trillion, or 75 percent of the ODA capital, [...]

Vietnam shipbuilder’s woes spread, miner downgraded Posted: 06 Dec 2010 09:23 PM PST Standard & Poor’s on Monday cut its long-term credit rating on Vietnam’s state mining group Vinacomin after signs the government might not help a similar state-owned company, troubled shipbuilder Vinashin, with debt payments. What happens to Vinashin will set the tone for Vietnamese borrowing in the near future. Should Vinashin fail to make its debt [...]

Vinashin loan woes may drive up debt costs for Vietnam’s state companies Posted: 06 Dec 2010 09:22 PM PST Vietnam National Coal-Mineral Industries Group and other state companies in the Southeast Asian nation may have to pay more to borrow as the near-bankrupt national shipbuilder struggles to repay a foreign-currency loan. Vietnam National Coal may have its rating downgraded as a debt restructuring at Vietnam Shipbuilding Industry Group, known as Vinashin, spurs a reassessment of [...]

Vietnam ETF: growth, but with caution Posted: 06 Dec 2010 08:42 PM PST The Vietnam exchange traded fund (ETF) surged a whopping 13.1% last week. While the fast-growing economy has its merits, risks still abound. The Vietnam exchange traded fund (ETF) surged a whopping 13.1% last week. While the fast-growing economy has its merits, risks still abound. For the last 20 years, Vietnam has been one of the fastest-growing economies [...]

Inflation control top priority for Vietnam Cbank Posted: 06 Dec 2010 08:41 PM PST Controlling inflation and stabilising the macroeconomy are the top priority for the Vietnamese central bank next year, governor Nguyen Van Giau said on Tuesday in remarks prepared for a donors’ meeting. Controlling inflation and stabilising the macroeconomy are the top priority for the Vietnamese central bank next year, governor Nguyen Van Giau said on Tuesday in [...]

Dec 7: Vietnam gold surges to VND36.75Mln as world gold prices hit all-time high Posted: 06 Dec 2010 08:41 PM PST Gold prices on December 7 soared VND170,000 to VND36.75 million/tael as the world gold prices hit an all-time high at $1,427.01/ounce on safe-haven play. Gold prices on December 7 soared VND170,000 to VND36.75 million/tael as the world gold prices hit an all-time high at $1,427.01/ounce on safe-haven play. SJC was listed at VND36.65million/tael and VND36.75million/tael for bid [...]

Transunion says will start up credit info bureau in 2012 Posted: 06 Dec 2010 08:03 PM PST TransUnion, which is one of the global leaders in credit and information management, is aiming to operate its credit information bureau in Vietnam in 2012 following the establishment of its entity, a senior executive of the group said. TransUnion, which is one of the global leaders in credit and information management, is aiming to operate its [...]

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