Vietnam Business News

---

• Asian coffee: Vietnam rushes to sell beans, Indonesia on sidelines
• Vietnam bonds little changed as investors await policy clarity
• Vietnam remains an attractive destination for real estate investors in 2011
• Vietnam issues licenses to 289 foreign institutional investors in 2010
• Japan to aid space projects in Vietnam
• Philippines signs pact to buy rice from Vietnam
• Oman, Vietnam hold meeting on trade & investment opportunities
• Average overnight interest rates soar to 11.34%
• Jan 10: Vietnam gold rebounds to VND35.75Mln/tael
• HDBank issues 40,000 taels gold-denominated CDs

Asian coffee: Vietnam rushes to sell beans, Indonesia on sidelines Posted: 09 Jan 2011 09:17 PM PST Discounts for Vietnamese robusta beans were steady this week as exporters rushed to ship them before the Lunar New Year festival, while Indonesian sellers were reluctant to offer any due to tight supplies, dealers said on Thursday. Farmers in Vietnam have finished harvesting in most of the Central Highlands coffee belt by last month end, half [...]

Vietnam bonds little changed as investors await policy clarity Posted: 09 Jan 2011 09:16 PM PST Vietnam government bonds were steady in the first week of the year as investors wait for clarity on the monetary policy ahead of next week's Communist Party congress and next month's Tet festival. The dong held stable. The yield on the benchmark five-year notes gained one basis point to 11.50% from the end of last week, [...]

Vietnam remains an attractive destination for real estate investors in 2011 Posted: 09 Jan 2011 09:15 PM PST Vietnam remains as an attractive destination for real estate investors in 2011, said CBRE Vietnam General Director Marc Townsend here. Townsend quoted head of Franklin Templeton Fund’s market integration section Mark Mobisus as saying that Vietnam would witness the return of big investors to its private investment market this year, reported Vietnam news agency. He also cited [...]

Vietnam issues licenses to 289 foreign institutional investors in 2010 Posted: 09 Jan 2011 09:14 PM PST The Vietnam Securities Depository Agency said Friday it issued trading licenses to 289 new foreign institutional investors in 2010, raising the total number to 1,442. During the year, 950 foreign individuals also received permission to trade, increasing the total number to 13,393, the agency said in a statement. Foreigners bought a net VND15.37 trillion ($788 million) of [...]

Japan to aid space projects in Vietnam Posted: 09 Jan 2011 09:13 PM PST The government has decided to provide yen loans of up to 40 billion yen in official development assistance to Vietnam for its space exploration program, The Yomiuri Shimbun has learned. It would be the first time Japan’s ODA would be allocated for space development. The loans of between 35 billion yen and 40 billion yen will [...]

Philippines signs pact to buy rice from Vietnam Posted: 09 Jan 2011 09:13 PM PST The Philippines will buy rice from Vietnam in the next three years under a government-to-government negotiation, according to the Department of Agriculture (DA) officials. Agriculture Secretary Proceso Alcala said the Philippine government recently signed a memorandum of agreement (MoA) to buy rice from Vietnam in the next three years to meet its needs. Alcala said the [...]

Oman, Vietnam hold meeting on trade & investment opportunities Posted: 09 Jan 2011 09:12 PM PST Oman Chamber of Commerce and Industry (OCCI) will take part in the Omani-Vietnamese joint committee first session meetings scheduled to be held in Hanoi, Capital of Vietnam on January 10th to 11th. Oman Chamber of Commerce and Industry (OCCI) will take part in the Omani-Vietnamese joint committee first session meetings scheduled to be held in Hanoi, [...]

Average overnight interest rates soar to 11.34% Posted: 09 Jan 2011 09:12 PM PST Average overnight interest rates surged to 11.34% on November 5 from 9.97% on December 31, representing the strongest rally among terms, according to the State Bank of Vietnam (SBV)'s data. Average interbank interest rates also surged to 13.21% p.a. and 13% p.a. for one-week and 12-month terms, respectively, representing corresponding increases of 1.22% and 1%. Meanwhile, [...]

Jan 10: Vietnam gold rebounds to VND35.75Mln/tael Posted: 09 Jan 2011 09:10 PM PST Local gold prices on January 10 rebounding to VND35.75million/tael, up VND130,000-170,000/tael from Friday close as world gold prices snapped its losing streak of worst week from May last year. SJC in the open market was listed at VND35.63million/tael and VND35.75million/tael for bid and ask, respectively, the highest in the market. SJC in Hanoi was listed at VND35.63billion/tael [...]

HDBank issues 40,000 taels gold-denominated CDs Posted: 09 Jan 2011 09:09 PM PST HCMC Housing Development Joint Stock Commercial Bank (HDBank) has announced to issue 40,000 taels worth of gold – denominated certificates of deposit (CDs) from January 4 to February 28. Gold-denominated CDs will be issued in many terms including one-month, two-month, 3-month, 6-month, 9-month and 364-day terms, the lender said, adding that coupons and principal will be [...]

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