Vietnam Business News

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• ACB, Dai A Bank, VietBank lends VND1.5Tln to Hoa Phat steel company
• Vietnam trade deficit reaches $10.97Bln in Jan-Nov: Vietnam customs
• Does WWF mean to sell certificate to pangasius farmers?
• Banker lends a hand to “dollarisation”?
• Hanoi real estate investors marching towards the central region
• Floor price for Tra fish comes into effect
• Vietnam, Myanmar increase two-way trade
• Vietnam-key market for Singapore
• Business forum on sustainable development
• Tougher measures needed for power saving

ACB, Dai A Bank, VietBank lends VND1.5Tln to Hoa Phat steel company Posted: 17 Dec 2010 08:33 AM PST Asian Commercial Bank, Dai A Bank and Viet Bank on December 17 inked a contract of financing Hoa Phat Steel Company a combined VND1.5trillion loan to build Minh Mon Steel Laminate Factory, the local news wire CafeF reported December 17. Asian Commercial Bank, Dai A Bank and Viet Bank on December 17 inked a contract of [...]

Vietnam trade deficit reaches $10.97Bln in Jan-Nov: Vietnam customs Posted: 17 Dec 2010 08:32 AM PST Vietnam's trade deficit is estimated to have reached $10.97 billion or 17% of the export revenue in the first 11 months of this year, the online newspaper VnEconomy reported on Devember 17, citing the Vietnam Customs. In January-November, Vietnam exported $64.5 billion worth of goods, up 25% on year and nearly meeting the target of $70 [...]

Does WWF mean to sell certificate to pangasius farmers? Posted: 17 Dec 2010 08:29 AM PST The World Wild Fund for Nature (WWF) and Vietnam’s Fisheries General Department have failed to reach an agreement on sustainable development of aquaculture in general and tra fish (pangasius) in particular since WWF required that all Vietnam's tra farmers obtain its ACS certificate. Addressing a meeting on December 16, Mark Powell, global seafood co-ordinator for WWF, [...]

Banker lends a hand to “dollarisation”? Posted: 17 Dec 2010 08:28 AM PST The information that a bank in Vietnam offers to provide 2-dollar banknotes to people has immediately sparked criticism of "lending a hand to the dollarisation" in Vietnam. Several days ago, Saigon Bank (SCB) announced that it will provide 2-dollar banknotes to those, who want to use them as li xi (the lucky money given to children [...]

Hanoi real estate investors marching towards the central region Posted: 17 Dec 2010 08:28 AM PST As real estate prices in Hanoi become "toweringly high", many investors in Hanoi think that they should no longer limit themselves to local investments, and Da Nang in the central region has become their new destination. Though the price of land in Da Nang has been escalating, the city remains an attractive location for real [...]

Floor price for Tra fish comes into effect Posted: 17 Dec 2010 08:27 AM PST The floor prices for exports of Tra fish will be enforced by the first quarter of next year, said Duong Ngoc Minh, Deputy Head of the Vietnam Association of Seafood Exporters and Producers (VASEP). This is the result of a meeting between 20 largest Tra fish exporters of VASEP at the end of last week. Floor prices [...]

Vietnam, Myanmar increase two-way trade Posted: 17 Dec 2010 08:26 AM PST A conference on trade between Vietnam and Myanmar, held by the Vietnamese Ministry of Industry and Trade and Ho Chi Minh City People's Committee in Yagon, Myanmar has successfully ended. The conference attracted the participation of representatives from both countries' ministries, administrative agencies and businesses working in the field of electronics, , building materials, pharmaceuticals, medical [...]

Vietnam-key market for Singapore Posted: 17 Dec 2010 08:26 AM PST Vietnam is a very important market to Singapore, said Raymond Lui- the Second Secretary of the Singaporean Embassy in a conference on investment opportunities in Singapore, held in Hanoi. By September, 2010, Singapore was the 5th largest country from a total of 80 countries and territories that invest in Vietnam, with 851 projects in fields such [...]

Business forum on sustainable development Posted: 17 Dec 2010 08:25 AM PST A business forum was held in Hanoi on December 17 by Vietnam Chamber of Commerce and Industry (VCCI) to assess the strategy for sustainable development in the past 5 years and approve the plan for the 2011-2020 period. In the past 5 years, under the strategy, Vietnam has made important progress in hunger elimination and poverty [...]

Tougher measures needed for power saving Posted: 17 Dec 2010 08:25 AM PST Developing electricity and controlling energy to sustain the national economy only focuses on supply resources without paying due attention to controlling electricity use, say energy experts. According to Deputy Minister of Industry and Trade, Hoang Quoc Vuong, Vietnam consumes approximately 80 billion kWh of electricity every year. In 2010, the country has saved 1 percent of [...]

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