Vietnam Business News

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• Many VN firms fail to meet consumer tastes
• Insurance brokerage industry falls short of potential
• Abundant supplies in 2011 biggest challenge for builders, experts say
• FDI flow into Vietnam hits $192.9b
• Phone subscriptions double Vietnam’s population
• Ha Noi banks target 27% rise in capital
• Vietnam expects to add 5000 MW to national power grid in 2011

Many VN firms fail to meet consumer tastes Posted: 14 Jan 2011 08:03 AM PST A large number of domestic firms had failed to conduct professional and comprehensive research on producing quality consumer goods which could better meet the tastes of customers, said Ha Noi Development and Investment Group chairman Nguyen Hong Son. During the official launch of the Viet Nam Association of Consumer Goods Development on Wednesday, Son who is [...]

Insurance brokerage industry falls short of potential Posted: 14 Jan 2011 08:03 AM PST The insurance brokerage industry is underdeveloped and the number of companies operating in the field remains below potential, says the Ministry of Finance’s Insurance Supervision Administration. Six domestic and four foreign-invested companies are operating in the field, according to administration statistics, with the foreign firms gobbling up 84.5 per cent of market share for brokerage services. Total [...]

Abundant supplies in 2011 biggest challenge for builders, experts say Posted: 14 Jan 2011 08:03 AM PST Abundant supplies of houses and apartments are set to be the biggest challenge in 2011 for property firms, experts said. Statistics show there are up to 80,000 unsold apartments and around 40,000 more will be available this year. The real estate market meanwhile remains quiet. Some property enterprises already closed for the Lunar New Year holidays, as [...]

FDI flow into Vietnam hits $192.9b Posted: 14 Jan 2011 08:03 AM PST As of December 21, Vietnam had 12,200 valid foreign direct investment (FDI) projects with a total registered capital of $192.9 billion. Among 92 countries and territories investing in Vietnam, Taiwan (China) emerged as the largest investor with a total registered capital of $22.8 billion. The Republic of Korea was second with $22.1 billion, followed by Singapore, Japan, [...]

Phone subscriptions double Vietnam’s population Posted: 14 Jan 2011 08:03 AM PST With 44.5 million new phone subscribers last year, the total number of phone subscriptions in Vietnam topped 170 million by the end of December, 2010, according to the general Statistical Office (GSO). Of the figure, only 16.4 million are land line subscriptions, up 5.1 percent from a year earlier. The number of mobile phone subscriptions marked a [...]

Ha Noi banks target 27% rise in capital Posted: 14 Jan 2011 08:03 AM PST In 2011, Ha Noi’s banking sector targets to increase total capital mobilisation by 25-27 per cent compared to the previous year’s figures and boost total outstanding loans by 23-25 per cent to contribute to the capital’s economic development. Hoang Manh Hien, vice chairman of the Ha Noi People’s Committee, said Ha Noi targeted a 12-per-cent GDP [...]

Vietnam expects to add 5000 MW to national power grid in 2011 Posted: 14 Jan 2011 08:03 AM PST The Vietnamese electricity sector expects to connect an additional 5,000 MW to the national electricity grid this year, said the Ministry of Industry and Trade. The figure indicates that the country’s total power generation capacity will be raised by 20 percent from currently. Vietnam is forecast to face a power shortage of between 400 million kWh and [...]

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