Vietnam Business News
Vietnam Business News |
- Sinopharm kicks off first facilities in Vietnam
- Dec 29: Vietnam gold surges to VND36.19Mln
- Foreign bank branches to struggle to lend in 2011
- Vietnam to export $1.4Bln pangasius in 2010
- Higher price but shortage of coffee
- Job market in 2011 will still witness supply-demand imbalance
- Banks still can earn targeted profit in 2010, despite big difficulties
- Committee applauds decade of growth in Central Highlands
- Ministry predicts greater rise in sugar prices
- Industrial production value rises
Sinopharm kicks off first facilities in Vietnam Posted: 28 Dec 2010 09:20 PM PST China’s biggest pharmaceutical company Sinopharm is set to start construction of its first facilities in Vietnam in March 2011 as scheduled in Hanoi’ Hoa Lac Hi-tech Park. Sinopharm received an investment certificate in October, 2010 for its two factories with total investment capital of $76 million on 6.7 hectares including a medical disposable factory with investment [...] |
Dec 29: Vietnam gold surges to VND36.19Mln Posted: 28 Dec 2010 09:16 PM PST Local gold prices on December 29 morning surged to VND36.19million/tael as world gold prices jumped nearly 1.5% to settle above $1,405, the local newswire CafeF reported. Sacombank-SBJ in Ho Chi Minh was listed at VND35.71million/tael and VND36.19million/tael for bid and ask, respectively. SJC- ACB was listed at VND35.97million/tael and VND36.07million/tael for bid and ask, respectively. Bid and ask [...] |
Foreign bank branches to struggle to lend in 2011 Posted: 28 Dec 2010 09:16 PM PST Foreign bank branches in Vietnam will face difficulties in lending operations due to restrictions by the new Law on credit institutions coming effective in early 2011, the local newswire Sai Gon Times reported. According to new regulations passed on June 16 this year by the National Assembly, the maximum credit line for a borrower will be [...] |
Vietnam to export $1.4Bln pangasius in 2010 Posted: 28 Dec 2010 09:15 PM PST Vietnam is estimated to export 645,000 tons of pangasius worth $1.4 billion on 2010, falling short of the year target of $1.5 billion Vietnam is estimated to export 645,000 tons of pangasius worth $1.4 billion on 2010, falling short of the year target of $1.5 billion, the online newspaper NDHMoney reported on December 28, citing Vietnam [...] |
Higher price but shortage of coffee Posted: 28 Dec 2010 09:14 PM PST The prices of Arabica coffee in Da Lat, the center highland of Vietnam doubled from 2009 to VND14,500/kg while the supply is not enough as the coffee output only stands at 10,000 tons/year The prices of Arabica coffee in Da Lat, the center highland of Vietnam doubled from 2009 to VND14,500/kg while the supply is not [...] |
Job market in 2011 will still witness supply-demand imbalance Posted: 28 Dec 2010 09:09 PM PST With the national economy recovering from the economic downturn, Vietnam needs a profuse and diversified labor force. However, due to many reasons, the supply and demand for jobs in 2010 were severely imbalanced, and experts believe that the imbalance will still be evident in 2011. Unskilled laborers in high demand In early 2010, the labor market witnessed [...] |
Banks still can earn targeted profit in 2010, despite big difficulties Posted: 28 Dec 2010 09:09 PM PST A lot of commercial banks have announced that they have fulfilled the 2010 business plan even when the year has not come to the end. Meanwhile, some other banks are "sprinting" the final length of the road, and some banks have anticipated that they will fail at fulfilling the business plan. Two months ago, assistant to [...] |
Committee applauds decade of growth in Central Highlands Posted: 28 Dec 2010 09:08 PM PST A committee that oversees the development of the Central Highlands has hailed the region’s tremendous socio-economic achievements in the decade since 2001. The Central Highlands Steering Committee, chaired by the Minister of Public Security, was reviewing a decade of implementing the Politburo’s Resolution No 10 on socio-economic development and security in the region’s five provinces at [...] |
Ministry predicts greater rise in sugar prices Posted: 28 Dec 2010 09:07 PM PST The price of sugar would continue to increase in the run up to Tet and through the first quarter of 2011 due to an expected sugar shortage, said the Ministry of Agriculture and Rural Development. High demand for raw materials and the Viet Nam Sugar Association’s predicted shortage of 300,000 tonnes of sugar in 2011, as [...] |
Industrial production value rises Posted: 28 Dec 2010 09:07 PM PST The nation’s industrial production value this year grew to VND794.2 trillion (US$37.8 billion), a 14-per-cent increase over the previous year, according to the General Statistics Office (GSO). The growth rate was similar to that in the years prior to the global economic crisis, suggesting that domestic industry had made a full recovery, said GSO economist Nguyen [...] |
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