Vietnam Business News

---

• How to interpret Moody rating cut of six Vietnamese banks?
• Dec 17: gold eases further to VND35.85mln, Dollar rebounds to VND21,180
• Investors rush to take out loans for stock investment
• Rubber export to hit record high of $2.2Bln
• FDI in 2010 witnesses big changes
• Vietnam fair brings fashion
• HCM City takes lead in e-commerce
• Average overnight interest rates undercut 13%
• Viet Nam among best ‘frontier’ markets
• Price of building materials soars

How to interpret Moody rating cut of six Vietnamese banks? Posted: 16 Dec 2010 11:42 PM PST Moody's downgrading six Vietnamese banks doesn't mean other lenders are better, the state run online newspaper VnEconomy reported December 17. Moody's downgrading six Vietnamese banks doesn't mean other lenders are better, the state run online newspaper VnEconomy reported December 17. Not all the credit institutions in Vietnam were assigned credit ratings by Moody's, said a representative of [...]

Dec 17: gold eases further to VND35.85mln, Dollar rebounds to VND21,180 Posted: 16 Dec 2010 11:41 PM PST Gold prices on December 17 morning eased further to VND35.85million/tael while world gold prices edged higher in thin pre-holiday trade. Meanwhile, dollar prices rebounded to VND21,180 in the free market . Gold prices on December 17 morning eased further to VND35.85million/tael while world gold prices edged higher in thin pre-holiday trade. Meanwhile, dollar prices rebounded [...]

Investors rush to take out loans for stock investment Posted: 16 Dec 2010 11:40 PM PST As the stock market looks to have entered a bullish run and gained some 15% over the past two weeks, the appetite for risks has also surged with investors rushing to take out loans to cash in on the uptrend, brokers said. A broker at Vietcombank Securities Company said the use of financial leverages among investors [...]

Rubber export to hit record high of $2.2Bln Posted: 16 Dec 2010 11:39 PM PST Vietnam is expected to see record rubber sales of US$2.2 billion this year as a steep increase in global demand had pushed up rubber prices, according to the Vietnam Rubber Association. The association has revised up its forecast of this year's export to US$2.2 billion after the latex price on the local market has exceeded VND90 [...]

FDI in 2010 witnesses big changes Posted: 16 Dec 2010 07:26 PM PST The foreign direct investment (FDI) flow into Vietnam in 2010 witnesses many surprising changes. For the firs time, the Netherlands has become the biggest foreign direct investor in Vietnam. The disbursement rate has been improvedsignificantly, while the registered investment capital has been decreasing sharply. In previous years, real estate was the sector which attracted most of [...]

Vietnam fair brings fashion Posted: 16 Dec 2010 07:25 PM PST More than 150 garment, footwear and jewellery businesses will take part in Vietnam Fashion Fair 2010 from December 22-27. Exhibitors will showcase various products relating to clothes, footwear, handbags, cosmetics and jewellery at 200 booths. Addressing a press briefing in Hanoi on December 16, the Deputy Head of the Vietnam Gold Traders Association, Dinh Nho Bang, said [...]

HCM City takes lead in e-commerce Posted: 16 Dec 2010 07:24 PM PST An international seminar on e-commerce took place in Ho Chi Minh City on December 16, attracting the participation of businesses, executives and lecturers in the country and abroad. At the seminar, the first of its kind in Vietnam jointly held by the Viet Trung Hoa Investment and Development Joint Stock Company and Vietnam E-commerce Development Centre, [...]

Average overnight interest rates undercut 13% Posted: 16 Dec 2010 07:19 PM PST The average overnight interest rate on December 14 undercut the 13% threshold to 12.68% p.a., down 0.42% from one day ago, according to the State Bank of Vietnam (SBV)'s data on December 16. The average overnight interest rate on December 14 undercut the 13% threshold to 12.68% p.a. down 0.42% from one day ago, according to [...]

Viet Nam among best ‘frontier’ markets Posted: 16 Dec 2010 07:16 PM PST Viet Nam, Nigeria and Kazakhstan are amongst “frontier” markets that Franklin Templeton expects to place its biggest bets on in 2011 as it seeks opportunities in countries shunned by most money managers, its emerging markets head Mark Mobius said yesterday. Investors have shown increasing interest in so-called frontier markets over the past year, hoping their early [...]

Price of building materials soars Posted: 16 Dec 2010 07:15 PM PST The seasonal boom in construction is being blamed for rising building materials prices. The demand for sand, cement, brick and steel all rise in the final months of the year as individuals and enterprises rush to complete repairs and construction projects before the lunar new year. Cement prices have increased 10 per cent while the prices of [...]

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