Vietnam Business News

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• Saigon shopping mall set for makeover
• HCM City increases role of young entrepreneurs
• Vietnamese businesses explore US market
• Meeting to discuss measures to promote tra fish production
• VNPT targets 130tr dong revenue in 2011
• Son La hydropower plant finishes rotor installation for second turbine
• Power plant licenses revoked
• Office rental in Vietnam goes down due to oversupply
• Vietnam’s overseas investments strong, but ineffective
• Vietnam’s January CPI may rise 1.5-1.8pct, Ban Viet predicts

Saigon shopping mall set for makeover Posted: 17 Jan 2011 11:11 PM PST With many anchor tenants recently vacating, Kumho Asiana Plaza Saigon shopping mall is likely to renew itself by changing the concept of the retail area. According to Peter Dinning, general director of Colliers International Vietnam – Kumho Asiana Plaza Saigon's (KAPS) asset management agency – project developer Kumho Asiana Group is expected to approve the new [...]

HCM City increases role of young entrepreneurs Posted: 17 Jan 2011 11:08 PM PST The Ho Chi Minh City Young Entrepreneurs Association met on January 17 to review its work in the past year. 2010 was marked by many practical activities, including the first business forum that involved nearly 500 enterprises, and a series of trade promotion programmes in localities. The association organised international exchanges in Sweeden, Finland, the US, Singapore, [...]

Vietnamese businesses explore US market Posted: 17 Jan 2011 11:08 PM PST A delegation of 17 entrepreneurs from Ho Chi Minh City, led by Tu Minh Thien, Director of the Investment and Trade Promotion Centre (ITPC), took part in the Asian-US Business Summit and Expo in Pomona city, California from January 13-16. Mr. Thien said it was the first time Vietnam had attended the event to make the [...]

Meeting to discuss measures to promote tra fish production Posted: 17 Jan 2011 11:07 PM PST The Ministry of Agriculture and Rural Development (MARD) and the Steering Board for Tra Fish Production and Consumption in the Mekong Delta region held a conference in Can Tho on January 18 to review last year's performance and devise tasks for 2011. Vietnam's seafood exports faced a number of difficulties in 2010 due to the prolonged [...]

VNPT targets 130tr dong revenue in 2011 Posted: 17 Jan 2011 11:05 PM PST The representative from Vietnam Post and Telecommunication Group (VNPT) on January 15 said that in 2011, the group targets to bring 130 trillion dong in revenue, growing 28 percent from 2010’s. In details, the group will strive to gain 11.8 trillion dong in profit, 8.45 trillion dong of tax payment, and average income of employees increase [...]

Son La hydropower plant finishes rotor installation for second turbine Posted: 17 Jan 2011 11:03 PM PST Lilama 10 Joint Stock Corp has lately announced to complete rotor installation process for the 1,000 tonne rotor of the second turbine in Son La hydropower plant. This is the second time that the Son La hydropower plant project management board, under Electricity of Vietnam (EVN) group has finished installing the rotor for two over six [...]

Power plant licenses revoked Posted: 17 Jan 2011 11:02 PM PST Central Phu Yen provincial authorities has recently revoked the licenses of two hydroelectricity power projects in Dong Xuan District. The province’s People’s Committee has decided to cancel the Phu Mo and Ca Ton in Phu Mo Commune as their investor failed to prove their financial capacity to build plants. The Phu Mo Hydroelectricity Plant and Ca Ton [...]

Office rental in Vietnam goes down due to oversupply Posted: 17 Jan 2011 11:02 PM PST Property consultants said that the office markets in Hanoi and Vietnam this year would face a new rental downward because of oversupply after slides in 2010. Savills Vietnam reported that during the last quarter of 2010, average office rentals in Hanoi continued falling slightly, around 1 percent against the previous three months to $26 per square [...]

Vietnam’s overseas investments strong, but ineffective Posted: 17 Jan 2011 10:59 PM PST More Vietnam’s investments are flowing into foreign countries, but their effectiveness remains low, according to the Ministry of Planning and Investments. Statistics from five local enterprises investing the most in foreign markets show they have not earned profits from the total investment of more than $1.24 billion. Analysts said most of the big investment projects of local [...]

Vietnam’s January CPI may rise 1.5-1.8pct, Ban Viet predicts Posted: 17 Jan 2011 10:59 PM PST Ban Viet Securities Co (VCSC) has announced a macroeconomic report for January 2011, saying that forex rate and Consumer Price Index (CPI) will move positively this month. January CPI may be lower than the previous month because of more sustainable food prices and lower deposit and lending interest rates. According to the broker, January CPI may rise [...]

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