Vietnam Business News

---

• Realty market closes 2010 with exciting movements
• Over 28.5m credit and debit cards issued in Vietnam
• SBV gives five more years of lifespan for foreign banks
• One more bank changes name
• Bond market offers huge potential in 2011
• Vinashin signs contracts for building 16 new ships in 2011
• Hot money flows to enter Vietnam’s banking sector in 2011: VinaSecurities chief economist
• Tan Tao Group to sell 563 villas in E-City Tan Duc project
• Vietnam’s exports targeted at $78.8b in 2011
• Vietnam stock market sees deeper fall

Realty market closes 2010 with exciting movements Posted: 10 Jan 2011 08:04 AM PST Real estate market Vietnam closed a year with exciting movements in most segments. Along the development process in Vietnam, many new types of real estate have been launched, such as coastal real estate, golf resorts, and various forms of retail real estate. Housing market for middle income earners have grown rapidly. Growth remains strong in two main [...]

Over 28.5m credit and debit cards issued in Vietnam Posted: 10 Jan 2011 08:04 AM PST With a total of 28.5 million cards issued, there are only about 50 percent of those, or 14.2 million cards that actually work regularly. The Vietnam market has more than 28.5 million credit and debit cards. However, not only in the last days of the year, when automated teller machines (ATM) faced the incidents out of [...]

SBV gives five more years of lifespan for foreign banks Posted: 10 Jan 2011 08:03 AM PST The State Bank of Vietnam (SBV) on December 31, 2010, issued a decision giving five more years of operation duration for representative offices of foreign banks including Commonwealth Bank of Australia, JPMorgan Chase Bank, N.A and Industrial Bank of Korea in Hanoi. Accordingly, the operation duration of Commonwealth Bank of Australia’s representative office in Hanoi will [...]

One more bank changes name Posted: 10 Jan 2011 08:03 AM PST One more commercial joint stock bank decided to change its name to suit to its development strategy and enhance its image. This name change plan of HCM City Housing Development Commercial Joint Stock Bank (HDBank) was submitted to the bank’s shareholders’ meeting and passed recently. Accordingly, the bank will change its name to HD Commercial Joint Stock [...]

Bond market offers huge potential in 2011 Posted: 10 Jan 2011 08:03 AM PST According to the report from Hanoi Stock Exchange (HNX), after over one year of operation, the scale of specific G-bond market (from September 24,2009 to September 24, 2010) grew 52 trillion dong, or 32 percent, bringing the total value of listed G-bond till September 24, 2010 to 12 percent of GDP. Till date, the total volume [...]

Vinashin signs contracts for building 16 new ships in 2011 Posted: 10 Jan 2011 08:03 AM PST On January 6, deputy prime minister Hoang Trung Hai chaired the meeting between the Steering Committee for restructuring Vietnam Shipbuilding Industry (Vinashin) and representative of Vinashin on the implementation of Decision 926, 2108/2010/QĐ-TTg of the prime minister. Focus on building and repairing ships In 2010, with strong steps of restructuring, the group has completed a series of [...]

Hot money flows to enter Vietnam’s banking sector in 2011: VinaSecurities chief economist Posted: 10 Jan 2011 08:02 AM PST In 2011, hot money inflows are forecasted to enter Vietnam, but seek companies with large cap and commercial banks, according to Dr Alan Pham, Chief Economist of VinaSecurities. As for stocks of the banking sector, although it seemed few investors were interested in those in 2010, in 2011 if inflation is controlled well, and interest rates [...]

Tan Tao Group to sell 563 villas in E-City Tan Duc project Posted: 10 Jan 2011 06:37 AM PST Tan Tao Investment and Technology Joint Stock Co (coded ITA) announced to start offering 563 villas in two areas of Tai Loc and Hanh Phuc in E-City Tan Duc project, Long An province. In details, there are 225 villas in Tai Loc Zone with average area of 450 square metres per villa and 338 villas in [...]

Vietnam’s exports targeted at $78.8b in 2011 Posted: 10 Jan 2011 06:36 AM PST The Ministry of Industry and Trade (MoIT) has recently released the country’s goods export target at $78.8 billion in 2011, up 10 percent year-on-year. Accordingly, the group of processing industry would bring the highest export turnover of about $43.5 billion. Of which, apparel product export would fetch $12.5 billion, a year-on-year rise of 13 percent, marking [...]

Vietnam stock market sees deeper fall Posted: 10 Jan 2011 06:35 AM PST The Vietnam’s stock market today January 10 continued a gloomy session on both bourses Hochiminh Stock Exchange (STC) and Hanoi Stock Exchange (HNX). In addition, there were no supporting information for the stock market at this moment and investors are not interested in the market. Meanwhile, specialists said that at this moment, the stock market will continue [...]

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