Vietnam Business News

---

• Gamuda eyes RM5 billion property sales in Vietnam next two years
• Vietnam remittances will be $8 bln this year
• Vietnam cuts reserve ratios for some banks –C.Bank
• Vietnam Dong rises strongly in black market, Central Bank says
• Vietnam bonds rise after banks asked to set ‘suitable’ rates
• Vietnam improving oversight at state firms: Minister
• Vinashin must pay its own debts – Vietnamese Minister
• Hanoi property market profitable for another 10-20 years
• Tourism industry targets Russia
• Analyst sees value in Viet Nam stocks

Gamuda eyes RM5 billion property sales in Vietnam next two years Posted: 09 Dec 2010 08:01 PM PST Gamuda Bhd is targeting RM5 billion in property sales over the next two years driven by two projects namely Gamuda City and Celadon City, both in Vietnam. “We are expecting RM2 billion in sales from local projects and RM3 billion from the two projects in Vietnam. “For us, this is a giant leap and we are busy [...]

Vietnam remittances will be $8 bln this year Posted: 09 Dec 2010 08:00 PM PST Remittances into Vietnam will exceed $8 billion in 2010, up 26 percent from last year, and foreign indirect investment has already hit $800 million this year, the central State Bank of Vietnam said on Thursday. In December alone, remittances were expected to total $770 million, the central bank said in a statement outlining improvements in Vietnam’s [...]

Vietnam cuts reserve ratios for some banks –C.Bank Posted: 09 Dec 2010 07:56 PM PST Vietnam’s central bank said on Thursday it was cutting the reserve ratios of four banks that have a large ratio of loans in agriculture. The country’s top lender Agribank, Vietnam International Bank (VIB), Kien Long Bank and Mekong Housing Bank would have reserve ratios that are one-fifth of the level applied to other banks. It did [...]

Vietnam Dong rises strongly in black market, Central Bank says Posted: 09 Dec 2010 07:54 PM PST Vietnam's dong has gained "strongly" this month in the so-called black market after "tense signs" the previous month, the central bank said in a statement on its website today. There have been "almost no transactions at unusual prices" and speculative forces that surfaced in mid-November are no longer evident, the State Bank of Vietnam said. The [...]

Vietnam bonds rise after banks asked to set ‘suitable’ rates Posted: 09 Dec 2010 07:54 PM PST Vietnam's five-year bonds gained, rebounding from a six-month low after the central bank asked commercial lenders to set "suitable" deposit and lending rates. The dong dropped. Interest rates must be in line with government policy and the consensus of the Vietnam Bank Association, the State Bank of Vietnam said in a statement on its website yesterday. [...]

Vietnam improving oversight at state firms: Minister Posted: 09 Dec 2010 07:46 PM PST Vietnam is tightening oversight of state-owned corporations, a minister told a World Bank-led meeting Wednesday in response to donor concerns after the near-bankruptcy of shipping giant Vinashin. “I acknowledge that Vinashin is our lesson,” Minister of Planning and Investment Vo Hong Phuc said. “We are now improving the institutions to enhance corporate governance” for state-owned firms, he [...]

Vinashin must pay its own debts – Vietnamese Minister Posted: 09 Dec 2010 07:45 PM PST Troubled Vietnamese shipbuilder Vinashin is responsible for re-paying its own debts, including $60 million due later this month to international creditors, a government minister said on Wednesday. The comments by Minister of Planning and Investment Vo Hong Phuc confirmed that one of the country’s biggest state-owned firms was unlikely to get financial aid from the government [...]

Hanoi property market profitable for another 10-20 years Posted: 09 Dec 2010 07:27 PM PST Continued price increases and the lack of transparency are considered the two biggest problems of the Hanoi's real estate market. However, experts still believe that the prices will not decrease in medium term. The information that 252 real estate projects have been put on the table of the Hanoi's authorities and awaiting the approval may surprise [...]

Tourism industry targets Russia Posted: 09 Dec 2010 07:26 PM PST Despite Russia not yet being included in the list of Viet Nam’s top 10 tourism markets, visitors from the East European country still create a promising market for Viet Nam’s tourism industry, says deputy head of the Viet Nam National Administration of Tourism Nguyen Manh Cuong. With long stays and greater spending capacity than tourists from [...]

Analyst sees value in Viet Nam stocks Posted: 09 Dec 2010 07:26 PM PST Foreigners have begun taking notice of Viet Nam’s stock market again, says Tony D’Altorio, a research analyst with Investment U, a US online financial publication. Overseas investors’ share of daily trading volume on the nation’s stock exchanges had jumped to 15-20 per cent over the past couple months, D’Altorio noted in his article entitled “Viet Nam’s [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610