Vietnam Business News

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• Vietnam to export 1.5Mln tons of cement in 2011
• Foreign visitors to Vietnam rise sharply during Tet
• Vietnam to create best conditions for S.Korea businesses
• Vietnam network providers to import 5,000 more iPhone 4 handsets
• Vietnam’s biggest crude oil tanker to be launched in Mar
• Vietnam Government approves 8 gold mines in Ha Giang
• SBV Governor: monetary policies shouldn’t be adjusted regularly to satisfy all
• ACB comes after Vietinbank in 2010 profit growth
• Agribank becomes one member limited firm
• Interbank interest rate exceeds 13pct/yr during Jan 24-28

Vietnam to export 1.5Mln tons of cement in 2011 Posted: 08 Feb 2011 06:55 PM PST Vietnam is forecast to export 1.5 million tons of cement in 2011, increasing 0.5 million tons from 2010, the the online newspaper Communist Party of Vietnam reported on February 8, citing the Vietnam National Cement Association. Vietnam will have additional 12 cement plants starting to operate this year and contributing cement capacity to 10.18 million tons, [...]

Foreign visitors to Vietnam rise sharply during Tet Posted: 08 Feb 2011 06:52 PM PST The Noi Bai International Airport received over 1,000 foreign holidaymakers during the first three days of the Lunar New Year (Tet) festival, according to the airport's Border Customs Agency. Travelers were mostly from Europe and overseas Vietnamese who visited their homeland for the Tet holiday. On the occasion, the airport's 82 flights brought nearly 8,000 visitors to [...]

Vietnam to create best conditions for S.Korea businesses Posted: 08 Feb 2011 06:51 PM PST Vietnam will create the most favourable conditions for the Republic of Korean (RoK) businesses to invest in Vietnam, said Prime Minister Nguyen Tan Dung at a meeting with outgoing RoK Ambassador to Vietnam Park Suk Hwan. At the farewell meeting on February 8, Dung expressed his appreciation of the Ambassador's contributions to the development of Vietnam-RoK [...]

Vietnam network providers to import 5,000 more iPhone 4 handsets Posted: 08 Feb 2011 06:51 PM PST Two telecom companies in Vietnam, namely VinaPhone and Viettel are finalizing license to import and offer about 2,500 more iPhone 4 units (each) on the market, the local newswire VnExpress reported. Since original iPhone 4 appeared in the market (Sep 2010), VinaPhone and Viettel distributed 20,000 iPhone 4 units of many kinds. The products were imported [...]

Vietnam’s biggest crude oil tanker to be launched in Mar Posted: 08 Feb 2011 06:49 PM PST Quang Ngai province-based Dung Quat Shipbuilding Industry Co has announced that the 104,000 DWT ship is expected to be launched in March 2011 and handed over for its partner in June 2011. In addition, the 105,000 DWT vessel is also expected to be launched by the end of 2011 and handed over in 2012. Also in the [...]

Vietnam Government approves 8 gold mines in Ha Giang Posted: 08 Feb 2011 06:49 PM PST Vietnam's Deputy Prime Minister Hoang Trung Hai approved Ha Giang municipal governance to manage and license gold mines covering 19.57 hectares in Ha Giang province. According to the government website, Ministry of Natural Resources and Environment was assigned to coordinate with the provincial people's committee to take subsidiary projects on evaluating 8 gold mines in Ha [...]

SBV Governor: monetary policies shouldn’t be adjusted regularly to satisfy all Posted: 08 Feb 2011 06:47 PM PST Governor of the State Bank of Vietnam Nguyen Van Giau talked to the press about his life and shared his thoughts about the banking operation in 2011. The macroeconomic uncertainties in 2011 and previous years have been mentioned many times by experts and newspapers. What should Vietnam do in order to settle the problems? Where should [...]

ACB comes after Vietinbank in 2010 profit growth Posted: 08 Feb 2011 06:46 PM PST ACB, the leading bank among joint stock lenders posted the profit of only 9% in 2010 while Vietinbank performed a jump of 48% in pre-tax profit. For recent years, ACB had reported good performance of impressive profits. But as 2010 finished, its pretax profit reached 3.1 trillion dong, rising 9% year on year and standing in [...]

Agribank becomes one member limited firm Posted: 08 Feb 2011 06:45 PM PST The State Bank of Vietnam, the country's central bank, on Jan 30 signed Decision 214/QD-NHNN approving Agribank to be transformed to a one member limited company whose 100% charter capital is held by the State. Accordingly, the administration of Agribank includes a board of director, supervisory board, a general director. The bank will have to finish all [...]

Interbank interest rate exceeds 13pct/yr during Jan 24-28 Posted: 08 Feb 2011 06:45 PM PST The State Bank of Vietnam (SBV) has recently reported the banking operation during the week from January 24 to 28, 2011 whereby the interest rate of all terms in the interbank market exceeded 13% per year due to the payment demands for salary and bonuses increased strongly during the Tet holidays. After three weeks of stability [...]

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