Vietnam Business News

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• Jan 13: Vietnam gold edges down to VND35.81Mln/tael, Dollar eases
• Jan 13: Vietnam stocks end up, foreigners resume net-buying
• Ha Long Bay needs more votes to secure World Wonder title
• Electricity Vietnam to increase generation by 16pct
• HCM City to begin 18 traffic works this year
• New challenges for Vietnam’s export sector
• Vietnam’s inflation rate expected at 8.6pct, Thang Long says
• VnExpress announces top 500 richest people on Vietnam’s stock market
• Steel, cement consumption to grow 10pct this year
• Air France launches new business-class cabin

Jan 13: Vietnam gold edges down to VND35.81Mln/tael, Dollar eases Posted: 13 Jan 2011 12:41 AM PST Local gold prices on January 13 morning edged down VND50-VND80 to VND35.81million/tael after rising for two consecutive days as the global gold prices slid off two-week high to $1,385.80 an ounce. Meanwhile, dollar prices eased VND30 to VND21,040. Local gold prices on January 13 morning edged down VND50-VND80 to VND35.81million/tael after rising for two consecutive days [...]

Jan 13: Vietnam stocks end up, foreigners resume net-buying Posted: 13 Jan 2011 12:40 AM PST Vietnamese stocks continued to gain as investors bottom fished with inspiration from the on-going Communist Party Congress, however, liquidity is still at low level. The benchmark VN Index gained 5.67points or 1.18% to 484.12. Volume fell to 29.1 million shares traded for VND744.08 billion compared with 41.2 million shares traded for VND1.187 trillion on Wednesday. The [...]

Ha Long Bay needs more votes to secure World Wonder title Posted: 12 Jan 2011 10:12 PM PST Ha Long Tourism Week 2011 is designed to lure more people to vote for Ha Long Bay, as 2011 is the deadline for voting the New Seven Wonders of the World. The event is scheduled to take place on April 29-May 2 in Bai Chay, Tuan Chau resorts and the center of Ha Long city under [...]

Electricity Vietnam to increase generation by 16pct Posted: 12 Jan 2011 10:10 PM PST Electricity of Vietnam said it plans to generate 112.6 billion kilowatt-hours of power in 2011, up 16 percent from a year earlier, and will buy more electricity from China in a bid to ease a shortage. The power shortage was estimated at 6 billion kilowatt- hours in 2010, partly caused by dry weather during the year [...]

HCM City to begin 18 traffic works this year Posted: 12 Jan 2011 10:09 PM PST HCM City plans to begin construction of 18 traffic projects this year with the combined capital of 6.1 trillion dong, according to a report by the city’s Transport Department. They include key projects such as Saigon 2 Bridge with the investment of 1.5 trillion dong, the 2.1 trillion dong Binh Tien Bridge and the 2.5 trillion [...]

New challenges for Vietnam’s export sector Posted: 12 Jan 2011 10:08 PM PST In 2010, Vietnam has gained highest export growth so far and increased over three fold against the National Assembly’s approved target, with an export turnover of about $70.8 billion, rising 24 percent versus 2009’s and 17 percent over the year’s plan. In 2011, the country’s export sector is expected to grow 10 percent but will meet [...]

Vietnam’s inflation rate expected at 8.6pct, Thang Long says Posted: 12 Jan 2011 10:05 PM PST Vietnam’s inflation rate may average 8.6 percent this year, higher than the government’s 7 percent target even as the central bank tightens its monetary policy, according to Thang Long Securities Joint-Stock Co. Inflation accelerated for a fourth month in December, with consumer prices rising 11.8 percent from a year earlier, according to the General Statistical Office. [...]

VnExpress announces top 500 richest people on Vietnam’s stock market Posted: 12 Jan 2011 10:04 PM PST The local newswire VnExpress.net for the first time has announced the list of top 500 richest people on the stock market after the 5-year survey, which provided statistics and data on stock ownership of rich investors in the country. Till the last session of 2010 (December 31), top 500 richest people on Vietnam’s stock market owned [...]

Steel, cement consumption to grow 10pct this year Posted: 12 Jan 2011 10:03 PM PST The consumption of steel and cement is expected to grow 10 percent this year as economic recovery will drive up the construction sector, said the Ministry of Industry and Trade. In a report issued last Friday, the ministry projected the demand for various types of steel to rise 10 percent to 6.5 million tonnes in 2011, [...]

Air France launches new business-class cabin Posted: 12 Jan 2011 10:02 PM PST Air France has put to service a new-version Boeing 777-300ER equipped with one more business-class cabin and new in-flight products, including an entertainment system for its non-stop flights between Paris and HCM City. The latest version of the Boeing 777-300ER was configured with 42 Business seats, 24 Premium Voyageur seats and 317 Voyageur seats. The new [...]

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