Vietnam Business News

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• Detailed plan of Nhuan Trach Industrial Zone released
• Hanoi’s retail space market to grow
• Vietnam’s inflation at 10.5pct in 2010, World Bank says
• Vietnam should not be a passive aid recipient
• Inflation, currency weakness threaten Vietnam: Donors
• Two bourses sharply recover December 9
• Interbank overnight lending rate jumps to over 10pct/yr
• Vinashin exposure may hurt banks, World Bank says
• Itochu to participate in bio-ethanol production business with PetroVietnam
• Is it time for Vietnam to emerge from China and India’s shadow?

Detailed plan of Nhuan Trach Industrial Zone released Posted: 09 Dec 2010 01:21 AM PST Hoa Binh province people’s committee announced and handed over the detailed general plan of Nhuan Trach Industrial Zone for the main investor of Construction Machinery Joint Stock Co No 18 (COMA 18). The new industrial zone will be sited in an area of 200 hectares in Nhuan Trach Commune, Luong Son Dist, Hoa Binh province. In the [...]

Hanoi’s retail space market to grow Posted: 09 Dec 2010 01:20 AM PST Hanoi’s retail space market is forecasted to grow in coming years. Meanwhile, the office space market will be under pressure on price due to strongly increasing supply, according to the latest report on Hanoi’s real estate market overview in 2010 and investment trends in 2011 announced by Colliers International. During the first 11 months this year, [...]

Vietnam’s inflation at 10.5pct in 2010, World Bank says Posted: 09 Dec 2010 01:19 AM PST Vietnam’s inflation will likely be 10.5 percent in 2010, much higher than the target of 8 percent set by the Vietnamese National Assembly. The forecast was given in the World Bank (WB)’s report at Consultative Group (CG-2010) meeting held on December 7. WB’s report also showed that Vietnam’s inflation suddenly surged high than expected in October and [...]

Vietnam should not be a passive aid recipient Posted: 09 Dec 2010 01:19 AM PST At the Consultative Group meeting of donors, which is taking place in Hanoi, many straight recommendations have been given to help Vietnam stabilise the economy, improve business environment, and avoid the stagnation of being a middle-income country. Donors while expressing high appreciation for Vietnam to become a middle-income country, said that Vietnam needs to be prepared [...]

Inflation, currency weakness threaten Vietnam: Donors Posted: 09 Dec 2010 01:18 AM PST Vietnam’s economic growth will be threatened unless the government can control rising inflation and currency weakness, donors warned on Tuesday. Last week the dong currency slumped to a record low on the black market, while prices rose 11.09 percent year-on-year in October. The government has targeted a maximum of eight percent inflation for 2010. At an annual [...]

Two bourses sharply recover December 9 Posted: 09 Dec 2010 01:17 AM PST Both markets today entered the new trading session with positive recovery after the past two point losing sessions. Ending today session, the VN Index surged 7.62 points or 1.68 percent to 460.45 points. Meanwhile, the index of Hanoi Stock Exchange (HNX) rose 1.63 points or 1.48 percent to 112.13 points. The market trading volume was not as [...]

Interbank overnight lending rate jumps to over 10pct/yr Posted: 09 Dec 2010 01:12 AM PST On December 3, the overnight lending rate in the interbank market exceeded the threshold of 10 percent per year after nearly three weeks of stability. The interest rate for short terms also increased strongly again. According to the State Bank of Vietnam (SBV), the interbank overnight lending rate on December 3 climbed to 10.21 percent per year, [...]

Vinashin exposure may hurt banks, World Bank says Posted: 09 Dec 2010 01:12 AM PST Vietnam Shipbuilding Industry Group’s near-bankruptcy may lead to an increase in the non-performing loan ratios at some Vietnamese banks, the World Bank said. State-owned Vietnam Shipbuilding, known as Vinashin, may account for as much as 3 percent of some local banks’ loan portfolios, Moody’s Investors Service said on November 29. The Hanoi-based company may default on [...]

Itochu to participate in bio-ethanol production business with PetroVietnam Posted: 09 Dec 2010 01:01 AM PST Itochu Corporation has announced that it will participate in a fuel bio-ethanol production business in Binh Phuoc Province of southern Vietnam with PetroVietnam Oil Corporation, a subsidiary of Vietnam National Oil and Gas Group. Itochu has decided to invest in the joint venture company, Orient Bio-Fuels Company Limited. The project plans to start commercial operation from [...]

Is it time for Vietnam to emerge from China and India’s shadow? Posted: 09 Dec 2010 01:01 AM PST With China and India now looking expensive, fund managers such as Dragon Capital’s CEO Dominic Scriven think investors would do well to join the likes of Samsung and Intel and venture into Vietnam With China and India now looking expensive, fund managers such as Dragon Capital’s CEO Dominic Scriven think investors would do well to join [...]

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