Vietnam Business News

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• Energised for battery objectives
• Exports set to hit a record level
• Auto research centre to benefit local sector
• State auto import ban to boost local sales
• ASEAN Community is out to be number one
• Torch to shine into foggy SOE climate
• Firms to have the chance to talk up tax woes
• Tokyo bourse agrees to cooperate with Hanoi exchange
• Gateways to cities – the new retailing paradises
• Dec13: Vietnam gold tops VND36Mln, Dollar up to VND21,170

Energised for battery objectives Posted: 13 Dec 2010 12:25 AM PST Germany's Sachen Anhalt state is seeking a local partner for a big project to produce equipment used for manufacturing solar batteries in Vietnam. Deltef Schubert, State Secretary of Sachen Anhalt's Ministry of Economy and Labour, told Vietnam's Planning and Investment (MPI) deputy minister Dang Huy Dong that his state's government wished to plant a €60 million [...]

Exports set to hit a record level Posted: 13 Dec 2010 12:24 AM PST "It will be a real challenge for Vietnam to rein in the deficit in the future" Vietnam will raise its export revenue by up to 10 per cent this month enabling it to hit a record $71 billion in revenue for 2010. The Ministry of Industry and Trade (MoIT) last week predicted that Vietnam would earn about [...]

Auto research centre to benefit local sector Posted: 13 Dec 2010 12:24 AM PST Nissan Techno Vietnam will invest $15 million in building an automobile research and development centre in Hanoi this year. Under the plan, Nissan Techno Vietnam will start construction of the centre's first phase this month and is scheduled to put it into operation in July 2011. Nissan Techno Vietnam was established in 2001 and is a 100 [...]

State auto import ban to boost local sales Posted: 13 Dec 2010 12:23 AM PST Local automobile assemblers will have a greater chance to promote their sales, as the door for state-funded imports of vehicles temporarily closes. The Ministry of Finance (MoF) last week announced it banned state-run agencies and enterprises from buying overseas automobile complete built units (CBUs) from early December, 2010 to rein in the country's trade deficit. The [...]

ASEAN Community is out to be number one Posted: 13 Dec 2010 12:23 AM PST The numbers are stacking up in the ASEAN Community's favour.A plan to build the ASEAN Framework on Cooperation in Statistics for 2010-2015 was highlighted at last week's 11th ASEAN Heads of Statistical Offices Meeting and Related Meetings in Hanoi. This event followed ASEAN leaders' first agreement on the common ASEAN Statement from vision to action, [...]

Torch to shine into foggy SOE climate Posted: 13 Dec 2010 12:22 AM PST "It has underscored the need to professionalise the management structures of Vietnam's SOEs"Slow equitisation and management mechanism at state-owned enterprises are raising international community questions whether another Vinashin-type financial scandal could emerge in Vietnam. At the annual Consultative Group meeting in Hanoi last week, development partners reiterated the need for greater transparency and modern governance as [...]

Firms to have the chance to talk up tax woes Posted: 13 Dec 2010 12:22 AM PST Enterprises will have a chance to raise their voices over two troublesome tax decrees. According to the Document 16409/BTC-CST dated December 1, 2010, the Ministry of Finance (MoF) asked for enterprises to record any difficulties arising in the implementation process of the Decree 123/2008/ND-CP, providing guidance for the implementation of the Corporate Income Tax Law and [...]

Tokyo bourse agrees to cooperate with Hanoi exchange Posted: 13 Dec 2010 12:21 AM PST The Tokyo Stock Exchange (TSE) on Monday said it had agreed a deal with the Hanoi Stock Exchange (HNX) to provide the Vietnamese bourse with state-of-the-art technology. Under the accord, the TSE will help the HNX upgrade its trading system by offering know-how on computer technologies while also training its system engineers. “We hope to share our [...]

Gateways to cities – the new retailing paradises Posted: 13 Dec 2010 12:19 AM PST Retailers now tend to set up shopping malls in the suburb areas of big cities, since the land in the inner cities has become too expensive, and it is nearly impossible now to seek large land plots for retail premises. A series of shopping malls in the suburb areas have been put into operation in Hanoi. [...]

Dec13: Vietnam gold tops VND36Mln, Dollar up to VND21,170 Posted: 13 Dec 2010 12:18 AM PST Gold prices on December 13 morning rose to VND36.02million/tael while dollar prices surged to VND21,170 in the free market. Gold prices on December 13 morning rose to VND36.02million/tael while dollar prices surged to VND21,170 in the free market. SJC was listed at VND35.93million/tael and VND36.02million/tael for bid and ask, respectively. Sacombank-SBJ was listed at VND35.99million/tael and VND36.01million/tael for [...]

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