Vietnam Business News

---

• Jan 21: Vietnam gold plunges to VND35.23Mln/tael, Dollar up
• BIDV posts VND4.513Tln pretax-profit in 2010
• Vietnam bank for social policies (VBSP) falls short of VND3.5Tln
• Deposit insurance of Vietnam posts VND670Bln income in 2010
• Gold price falling, banks dislike gold deposits
• 112,000 cars sold in 2010, down 6%
• Adjusted planning for Dung Quat Economic Zone to develop until 2025
• Vietnam to continue exploiting farm produce exports in 2011
• Agricultural exports at standstill Tan Thanh border gate
• Vietnamese shrimps’ success and challenges

Jan 21: Vietnam gold plunges to VND35.23Mln/tael, Dollar up Posted: 21 Jan 2011 08:12 AM PST Local gold prices fell for the second straight day to VND35.23million/tael, down nearly VND400,000 from yesterday as global gold prices shed to its weakest since Nov. 19 in New York trade last night. Meanwhile, dollar prices rebounded to VND21,040. At 1:56p.m., Sacombank-SBJ in Ho Chi Minh was listed at VND35.18million/tael and VND35.23million/tael for bid and ask, [...]

BIDV posts VND4.513Tln pretax-profit in 2010 Posted: 21 Jan 2011 08:11 AM PST The Bank for Investment and Development of Vietnam (BIDV) has posted a pretax-profit of VND4.513 trillion in 2010, up 28.1% on year, the newspaper Dau Tu Chung Khoan reported, citing BIDV's official report. The bank has to date had a total asset of VND369.167trillion, up 24.5% from the previous year, the local media added.

Vietnam bank for social policies (VBSP) falls short of VND3.5Tln Posted: 21 Jan 2011 08:11 AM PST The Vietnam Bank for Social Policies (VBSP) has to date disbursed VND2trillion worth of student loans, meeting nearly half of the demand in the first semester of 2010 school year (VND5.5trillion) as more group of borrowers were allowed. Many students in Nghe An province haven't accessed to the loans, while in Quang Binh province, only one [...]

Deposit insurance of Vietnam posts VND670Bln income in 2010 Posted: 21 Jan 2011 08:10 AM PST As of December 31, Deposit Insurance of Vietnam (DIV) invested VND6.599billion of its short-term idle capital, up 34.56% on year, generating total interest income of VND670billion, up 81% on year, the online newspaper NDHMoney reported. Last year, the DIV has made off-site supervision for 100% of insured institutions and on-site examination of nearly 300 insured institutions, [...]

Gold price falling, banks dislike gold deposits Posted: 21 Jan 2011 08:02 AM PST The domestic gold price has been falling continuously in the last week. Meanwhile, commercial banks have turned their back to gold deposits. The gold price fell by 100,000 dong per tael on January 20 after slightly increasing on the day before, having returned to the price level seen on Monday January 17. A tael is equal to [...]

112,000 cars sold in 2010, down 6% Posted: 21 Jan 2011 08:02 AM PST Sales of automobiles manufactured or assembled in Vietnam fell 6 percent last year to 112,224 units, the Vietnam Automobile Manufacturers Association said. It included 53,100 complete built units (CBUs) that were imported at a cost of US$960 million, a fall of 34.1 percent, according to the General Statistics Office. In December, usually the peak business month according [...]

Adjusted planning for Dung Quat Economic Zone to develop until 2025 Posted: 21 Jan 2011 08:02 AM PST The Prime Minister on January 20 approved adjustments to the master plan for the development of Dung Quat Economic Zone in the central province of Quang Ngai. Accordingly, by 2025, the zone will become a large complex of petrochemical, refinery and heavy industries to accommodate around 482,000 people, including 310,000 in urban areas. Dung Quat Economic Zone [...]

Vietnam to continue exploiting farm produce exports in 2011 Posted: 21 Jan 2011 07:47 AM PST Experts believe that the progress in farm produce exports in 2010 will continue in 2011, especially when the world market is showing good signs for seafood, coffee and rubber products. However, they think that the rice exports may decrease. The forecasts are from the Ministry of Agriculture and Rural Development (MARD) latest report on the farm [...]

Agricultural exports at standstill Tan Thanh border gate Posted: 21 Jan 2011 07:43 AM PST Hundreds of trucks carrying Vietnamese farm produce exports have been standing in a long queue of several kilometers, waiting to go through the customs agencies to China. Tuoi tre newspaper on January 19 quoted Tran Van Nghia, Deputy Head of the Tan Thanh Customs Sub-agency in Lang Son province saying that Vietnamese farm exports have been [...]

Vietnamese shrimps’ success and challenges Posted: 21 Jan 2011 07:39 AM PST In 2010, Vietnam earned US$2.1-2.2 billion from shrimp export. This proves Vietnamese shrimp's competitive capacity in international markets, but also creates new challenges. Vietnam's shrimp export increased in most of its markets, except for Canada. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the success was brought by factors outside the country's control. Firstly, the [...]

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