Vietnam Business News

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• The ups and downs on Vietnam’s stock market in 2010
• Vietnam’s pepper export revenue increase 23% in first 11 months
• Vietnam interbank trading of the Dong rises; O/N rates up to 12.89%
• Vietnam estimated attracting $18.1Bln FDI in 2010
• CPI in HCM City continues to rise
• Conference on FTA between Vietnam and Customs Alliance
• VN, S Korea signs energy agreements
• Overpass project approved
• Statistics crucial to economic future
• City slams slow, poor quality building projects

The ups and downs on Vietnam’s stock market in 2010 Posted: 21 Dec 2010 11:29 PM PST 2010 is a year with full ups and downs of the stock market and unprecedented facts. Especially, the prices of some shares are believed to be controlled by some powerful investors, according to CafeF. The suspected cases of controlling stock prices In 2010, the terms "driving prices" and "driving power" became very popular among securities investors. The [...]

Vietnam’s pepper export revenue increase 23% in first 11 months Posted: 21 Dec 2010 08:00 PM PST Vietnam earned 397 million U.S. dollars from pepper export in first eleven months of this year, a year-on-year increase of 23%, said a report of Vietnam’s General Statistics Office on Tuesday. Vietnam earned 397 million U.S. dollars from pepper export in first eleven months of this year, a year-on-year increase of 23%, said a report of [...]

Vietnam interbank trading of the Dong rises; O/N rates up to 12.89% Posted: 21 Dec 2010 07:59 PM PST Total inter-bank trading value of the dong rose slightly to VND115.495trillion from VND110.984trillion in the week ending December 17 while overnight interest rates surged 1.56% to 12.89% p.a., said the State Bank of Vietnam (SBV) on December 21. Total inter-bank trading of dollars extended its rising momentum to $3.833billion from $3.615billion. The overnight trading value of dong [...]

Vietnam estimated attracting $18.1Bln FDI in 2010 Posted: 21 Dec 2010 07:58 PM PST Vietnam is estimated to have attracted $18.1 billion foreign direct investment (FDI) capital in 2010, down $3.38 billion from 2009 Vietnam is estimated to have attracted $18.1 billion foreign direct investment (FDI) capital in 2010, down $3.38 billion from 2009,the local online newspaper CafeF reported on December 21,citing Do Nhat Hoang, Head of the Foreign Investment [...]

CPI in HCM City continues to rise Posted: 21 Dec 2010 07:50 PM PST Ho Chi Minh City's consumer price index (CPI) rose 1.61 percent in December over the previous month, reported the municipal Statistics Department. The department's Deputy Director, Nguyen Duc Tri, said that the CPI in the southern economic hub increased by an aggregate 9.58 percent for this year Among the commodities involved in the CPI calculation, the three [...]

Conference on FTA between Vietnam and Customs Alliance Posted: 21 Dec 2010 07:49 PM PST A conference on free trade agreement (FTA) between Vietnam and member countries of Customs Alliance to promote bilateral trade ties was held in Russia by the Vietnamese Embassy on December 21. Addressing the conference Vietnamese Ambassador Bui Dinh Dinh stressed the importance of Vietnam's strategic partnership with Russia and its traditional friendship with Kazakhstan and Belarus, [...]

VN, S Korea signs energy agreements Posted: 21 Dec 2010 07:48 PM PST Deputy Prime Minister Hoang Trung Hai yesterday received a South Korean business delegation led by Deputy Minister of Economy and Knowledge Park Young June, seeking investment opportunities in Viet Nam. Hai welcomed the RoK delegation to Viet Nam and highly appreciated the outcome of the meeting between the delegation and the Ministry of Industry and Trade, [...]

Overpass project approved Posted: 21 Dec 2010 07:47 PM PST The Ministry of Construction yesterday gave its stamp of approval to a 10-kilometre-long, four-lane overpass project from Vinh Tuy Bridge to Nga Tu So intersection in southwest of Ha Noi. The plan will now be submitted to the Office of the Government for final approval. The overpass, which would be built by Vincom Joint Stock Company, is [...]

Statistics crucial to economic future Posted: 21 Dec 2010 07:47 PM PST Viet Nam intends to be among the leading countries in ASEAN in the field of statistics by 2025 despite currently trailing its neighbours, a conference discussing the country’s future statistics plan heard yesterday. Viet Nam’s rapid advance was an “absolutely possible” goal set by the draft national statistical development strategy, said WB statistics consultant Richard Roberts [...]

City slams slow, poor quality building projects Posted: 21 Dec 2010 07:46 PM PST HCM City’s Budget Department has called on the Department of Transport and other related agencies to resolve the pressing issues of tardiness and poor quality of major infrastructure works in the city. Around 173 infrastructure works, including nine major ones, are under way. But many of them have been proceeding at a very slow pace, missing [...]

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