Vietnam Business News

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• Government bond mobilisation is low
• Interest rates constantly rise during the first week of December 2010
• China to supply Vietnam with building materials
• CMC and FPT make M&A deal to enhance strengths
• Tentative regulations on ATM transactions make people feel inconvenienced
• Industry, Trade and Construction Fair to be held
• HCM City targets 12pct GDP growth for next year
• Stock market on recovery road
• Power tension continues to cause sparks
• FDI to developing world rebounding: World Bank

Government bond mobilisation is low Posted: 10 Dec 2010 08:06 AM PST The volume of capital disbursement of government bonds in 2010 is very positive, according to Ministry of Finance. To early December 2010, the State Treasury has disbursed 83.2 percent of the 40.01 trillion dong in the assigned plan for projects on transport and irrigation. Although the disbursement of government bond fund for projects in education area [...]

Interest rates constantly rise during the first week of December 2010 Posted: 10 Dec 2010 08:06 AM PST The State Bank of Vietnam (SBV) announced that interbank interest rates have risen sharply and continuously during the first week of December 2010. Overnight rate on December 6 has gone up to 11.28 percent per annum, up by 2.79 percent compared to late November and up by 1.07 percent compared to December 3. Interest rates at one [...]

China to supply Vietnam with building materials Posted: 10 Dec 2010 08:04 AM PST Chinese businesses could supply building materials to Vietnam, said the deputy chairman of the Shanghai Construction Association, Qian Jing Wei. Facebook Read the original newsTwitter 0 vote(s) Comment Save this news Qian Jing Wei and representatives from 20 leading Chinese businesses are currently on a fact finding tour of Vietnam from December 7-10 to examine the potentials [...]

CMC and FPT make M&A deal to enhance strengths Posted: 10 Dec 2010 08:03 AM PST Two giants in information and technology (IT) sector namely FPT and CMC recently revealed a plan to make merger and acquisition (M&A) deal in coming time. Accordingly, the CMC Technology Group will spend over $20 million for this M&A deal, said Nguyen Trung Chinh, CMC’s general director at a seminar on IT and telecommunications held in [...]

Tentative regulations on ATM transactions make people feel inconvenienced Posted: 10 Dec 2010 08:03 AM PST The State Bank of Vietnam plans to apply measures to protect card holders, but the measures have not been applauded by the public. In the draft regulations on managing ATM transactions the State Bank stipulates that people cannot not wear motorbike helmets or protective masks when making transactions with ATM. In addition, those who wait in [...]

Industry, Trade and Construction Fair to be held Posted: 10 Dec 2010 08:03 AM PST The Industry, Trade and Construction Fair of southern and southeastern key economic zones will be held from December 21st to 26th in Tay Ninh Town in the southern province of Tay Ninh. The upcoming event aims to promote investment, trade, tourism in 10 provinces and cities in key economic zones in the southern region. Various products in [...]

HCM City targets 12pct GDP growth for next year Posted: 10 Dec 2010 08:03 AM PST The HCM City government unveiled a plan on Tuesday to boost economic growth next year, targeting to achieve a gross domestic product growth rate of 12 percent compared to an estimated 11.5 percent economic expansion this year. HCM City vice chair Nguyen Thanh Tai, addressing the city’s People Council session on Tuesday, said the city would [...]

Stock market on recovery road Posted: 10 Dec 2010 08:03 AM PST The uptrend on the local stock market is seen not a short-lived one now, not because of all the clear signs of recovery since late last month after long gloomy days, but rather by all the conditions for a sustained rebound in the medium term The uptrend on the local stock market is seen not a [...]

Power tension continues to cause sparks Posted: 10 Dec 2010 08:02 AM PST Power shortages will continue to be a reality during the upcoming dry season. Ministry of Industry and Trade (MoIT) figures showed that around 2,272 megawatts of power were added to the country's power system in 2010 and corresponding figures for 2011 and 2012-2013 period would be an estimated 5,110MW and 4,500MW, respectively. This conclusion follows MoIT surveys [...]

FDI to developing world rebounding: World Bank Posted: 10 Dec 2010 08:02 AM PST Foreign direct investment to developing countries is expected to rise 17 per cent this year as they drive the global economic recovery, the World Bank said Thursday. “Investors are optimistic about prospects for a global economic recovery led by the developing world,” the World Bank said in releasing an investment report. Following a 40 per cent plunge [...]

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