Vietnam Business News

---

• VietsovPetro success story to get a new chapter
• Ready for FDI to roll in during 2011
• Vietnam coffee crop may drop next season on smaller beans, executives say
• VietinBank to sell shares to Nova Scotia in Q2 2011
• Vietnam 2010 pepper exports down, revenue soars
• SBV needs to cut interest rates in Q1/2011 to support import-export
• Vietnam will take technical barriers to curb trade deficit in 2011: Governor
• SBV will cut interest rates if inflation eases: Governor
• Vietnam proposes setting interest rate annually, Tuoi Tre says
• Dec 31: VN Index ends the year with uptick, trimming losses for year

VietsovPetro success story to get a new chapter Posted: 31 Dec 2010 08:12 AM PST Vietnam and Russia last week agreed to extend their VietsovPetro joint venture cooperation for two more decades. Under the agreement signed between the two governments on December 27 in Hanoi, the two countries will continue their collaboration in oil and gas exploration and exploitation on Vietnam’s continental shelf within the VietsovPetro framework until 2030. The current agreement, [...]

Ready for FDI to roll in during 2011 Posted: 31 Dec 2010 08:11 AM PST The head of the Ministry of Planning and Investment's Foreign Investment Agency (FIA) Do Nhat Hoang talks with VIR about foreign direct investment (FDI) disbursement outcomes in 2010 and projections for 2011. Were 2010's FDI disbursement results encouraging? By December 21, 2010 around $11 billion worth in FDI was disbursed, surging 10 per cent over 2009, of [...]

Vietnam coffee crop may drop next season on smaller beans, executives say Posted: 31 Dec 2010 08:10 AM PST The coffee crop in Vietnam may be reduced in 2010-2011 after dry weather during the growing season cut the size of beans in the world's biggest producer of the robusta variety, said three industry executives. "The%age of small beans this year is higher than last year," said Hoang Van Long, head of Thai Hoa Buon Ma [...]

VietinBank to sell shares to Nova Scotia in Q2 2011 Posted: 31 Dec 2010 08:10 AM PST VietinBank has been accelerating talks with the Canadian bank so that “in Q2 2011 the bank will officially become a shareholder of VietinBank”, Chairman Pham Huy Hung told the central bank-run Banking Times newspaper in an interview. Hung also said the International Finance Corporation (IFC) would remit more than $300 million in the first quarter of [...]

Vietnam 2010 pepper exports down, revenue soars Posted: 31 Dec 2010 08:09 AM PST World's largest pepper producer and exporter, Vietnam witnessed drop in exports this year compared with 2009 despite increase in earnings due to global price hike of the commodity. The Southeast Asian nation exported 1,10,000 metric tons of pepper this year against 1,35,000 metric tons in 2009, according to Vietnam's General Statistics Office. The Office also expected first [...]

SBV needs to cut interest rates in Q1/2011 to support import-export Posted: 31 Dec 2010 08:08 AM PST The State Bank of Vietnam (SBV) needs to take actions to cut interest rates in the first quarter of 2011 to support import and export , the local newswire Vnexpress quoted the Ministry of Industry and Trade (MoIT) on December 31. In 2010, Vietnam's total export turnover reached $71.63billion, up 25% on year, in which [...]

Vietnam will take technical barriers to curb trade deficit in 2011: Governor Posted: 31 Dec 2010 08:07 AM PST Vietnam will continue to use technical barriers in an effort to curb trade deficit in 2011, the local newswire VnExpress quoted the State Bank of Vietnam (SBV)'s Governor as saying in a meeting between the Government and local authorities' leaders. The SBV and MoIT are mulling some measures to discourage importing of luxurious goods such as [...]

SBV will cut interest rates if inflation eases: Governor Posted: 31 Dec 2010 08:07 AM PST The State Bank of Vietnam (SBV) will keep a close eye on the market movements and will cut interest rates when it sees signs of easing inflation, the state run online newspaper VnEconomy reported, citing the Governor at a meeting between Vietnam Gove The State Bank of Vietnam (SBV) will keep a close eye on the [...]

Vietnam proposes setting interest rate annually, Tuoi Tre says Posted: 31 Dec 2010 08:06 AM PST Vietnam's central bank is proposing that the country set interest rates annually and allow companies to negotiate the currency's exchange rate with banks, Tuoi Tre newspaper reported today. The central bank has submitted a plan on the changes to Prime Minister Nguyen Tan Dung, the newspaper cited Governor Nguyen Van Giau as saying. The proposals aim [...]

Dec 31: VN Index ends the year with uptick, trimming losses for year Posted: 31 Dec 2010 08:05 AM PST Vietnamese stocks ended the year in the green as buyers boosted up buying in late trading, sending the index to the high of the day, but the benchmark still lost for the year. The benchmark VN Index gained 3.26 points or 0.67% to 484.66. Volume improved to 60.09 million shares traded for VND1.592 trillion compared [...]

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