Vietnam Business News

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• Gov’t chief orders stronger price management during new year festival
• Unique tours for business people
• Cruise liners to bring foreign visitors to Vietnam during Tet
• Growth targets met in difficult year
• How to deal with pending projects?
• What does the appreciation of the Chinese yuan bring to Vietnam’s exports?
• Banking sector in 2011: bigger capital, more pressure
• Saigon Invest Group selected as growth company
• Garment and footwear companies fear labor shortage after Tet
• VN exemplifies food security

Gov’t chief orders stronger price management during new year festival Posted: 30 Jan 2011 08:01 AM PST PM Nguyen Tan Dung requested Cabinet members and localities to strengthen management over the market to ensure prices are stable, especially during the Lunar New Year festival. The Government chief made the request while chairing the first Cabinet meeting of the year in Ha noi on January 28. PM Dung asked localities nationwide to take care of [...]

Unique tours for business people Posted: 30 Jan 2011 08:00 AM PST Businesspeople are often interested in unique and strange tours with high-quality services as they don't have much time on relaxing. That is the reason why domestic tour operators have right in early 2011 invested in building products for businessmen such as helicopter tours and Meetings, Incentives, Conferences and Exhibitions (MICE) tours and sports exchange tours. Since the [...]

Cruise liners to bring foreign visitors to Vietnam during Tet Posted: 30 Jan 2011 07:59 AM PST The Saigon Travel Service Company (Saigontourist) will receive three cruise liners with 3,650 foreign tourists aboard during the traditional New Year Festival (Tet), which falls on the first week of February. The tourists are scheduled to tour a flower festival and some pagodas in Ho Chi Minh City, enjoy specialties in the southwestern region, visit pottery [...]

Growth targets met in difficult year Posted: 30 Jan 2011 07:58 AM PST Minister of Planning and Investment Vo Hong Phuc believes that 2010's impressive growth figures stem from Vietnam's magnificent efforts in stepping up local investment and meeting socio-economic development targets. Vietnam tried its utmost for strong economic recovery in 2010. What were the most significant achievements of Vietnam's economy in the last year of our five-year socio-economic [...]

How to deal with pending projects? Posted: 30 Jan 2011 07:54 AM PST Experts are blowing the whistle over the high number of projects that have been "pending" for indefinite time. Many projects were licensed, but few projects implemented Thua Thien-Hue province is well known as the land of many resort tourism projects. From 2001 to 2004, a lot of "agile" investors came here and set up projects to [...]

What does the appreciation of the Chinese yuan bring to Vietnam’s exports? Posted: 30 Jan 2011 07:53 AM PST The exchange rate will not be the main factor that leads to big changes in trades with China. Only the inner strength and strategic policies of Vietnam can make changes. In mid 2010, China revalued the yuan by 0.44 percent against the dollar. As the Chinese yuan has a close link with Vietnam dong, a question [...]

Banking sector in 2011: bigger capital, more pressure Posted: 30 Jan 2011 07:52 AM PST With at least three trillion dong in chartered capital as required by the State Bank of Vietnam, Vietnamese banks have become bigger than ever. However, bankers say the big capital puts extreme pressure on the banks, because more capital requires more profit and bigger dividends. Most commercial banks raised their chartered capital to three trillion dong [...]

Saigon Invest Group selected as growth company Posted: 30 Jan 2011 07:50 AM PST The Saigon Invest Group (SGI) has been selected to be a member of the World Economic Forum's Advisory Council for Global Growth Companies, becoming the first Vietnamese firm to gain such a position. The move shows that the world appreciates and values Vietnam as a country with high growth and potential opportunities for development, SGI Chairman [...]

Garment and footwear companies fear labor shortage after Tet Posted: 30 Jan 2011 07:49 AM PST The fear that workers may not return to work after Tet has caused worries to the enterprises in labor-intensive sectors, especially garment and footwear companies. Nguyen Thi Tong, Deputy Secretary General of the Vietnam Leather and Footwear Association Lefaso, said that big footwear enterprises, which make up 70 percent of the total export turnover of the [...]

VN exemplifies food security Posted: 30 Jan 2011 07:49 AM PST Viet Nam was a good example of how food security had been secured in a developing country, delegates at a World Economic Forum agreed here yesterday. The discussion, titled “Promoting public-private co-ordination in a new vision for agriculture”, was attended by UN Secretary General Ban Ki-Moon, Tanzanian President Jakaya Kikwete, former UN Secretary General Kofi Annan [...]

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