Vietnam Business News
Vietnam Business News |
- APM Terminals opens Vietnam’s largest container terminal
- USDA delays decision on catfish inspections
- Vietnam moves to enhance Internet development
- Vietnam real estate market remains unstable: Why?
- Commodities prices need close control
- Petrol stations start to run dry
- HCM City’s first mini-condos to be on sale in May
- India’s Marico enters Vietnam mkt
- Vietnam raises banks’ recapitalisation rate
- Vietnam cbanker seeks lower credit growth goal-media
APM Terminals opens Vietnam’s largest container terminal Posted: 19 Feb 2011 07:18 AM PST The Saigon-based port facility will be the first in Vietnam with a capacity to handle the world’s largest container vessels of 11,000 twenty-foot equivalent units (TEUs). The company has already stated that Maersk Line is among it’s potential clients. According to industry sources, Vietnamese ports are experiencing strong growth in the number of handled containers. This led to [...] |
USDA delays decision on catfish inspections Posted: 19 Feb 2011 07:18 AM PST The Agriculture Department has delayed a decision on a new catfish inspection program that threatens to derail U.S. trade relations with Vietnam. The agency released a proposed rule Friday seeking more comment on the key question of whether Asian catfish will be subject to a new inspection regime that Congress passed in 2008 and that Asian [...] |
Vietnam moves to enhance Internet development Posted: 19 Feb 2011 07:18 AM PST The Internet is developing strongly in Vietnam and the country always creates favourable conditions for Internet activities, said Foreign Ministry spokesperson Nguyen Phuong Nga. Nga made this statement while answering reporters’ questions on Vietnam ’s response to US Secretary of State Hillary Clinton’s speech at the George Washington University on February 15 on Internet freedom, mentioning [...] |
Vietnam real estate market remains unstable: Why? Posted: 19 Feb 2011 07:17 AM PST Despite the fact that Vietnam is now a middle -income nation, its real estate prices are among the highest in the world. In response to a recent press enquiry as to why many million-dollar villas and houses are standing empty in Hanoi, Prime Minister Nguyen Tan Dung asked the Hanoi Municipal People's Committee to look into [...] |
Commodities prices need close control Posted: 19 Feb 2011 07:16 AM PST It is necessary to consider the elements that can affect the prices of commodities so that businesses and producers cannot falsify their costs to raise prices, said Nguyen Tien Thoa, Head of the Price Management Department under the Ministry of Finance, in an interview with VOV reporter. Reporter: What should the Department focus on to control [...] |
Petrol stations start to run dry Posted: 19 Feb 2011 07:16 AM PST Ensuring stable domestic market supplies is now a prime concern of local petroleum firms. Deputy general director of Petrolimex Vuong Thai Dung said petroleum firms were under pressure to ensure supplies of petroleum for the domestic market. He said the major cause was associated with firms' difficulties in both buying US dollars and accessing US dollar loans. "Banks [...] |
HCM City’s first mini-condos to be on sale in May Posted: 19 Feb 2011 07:15 AM PST Vinacomplex 3, HCM City’s first mini-condos with 19 apartments, was Tuesday announced to go on sale in May, according to project developers Vinacomlex and Hoang Anh Saigon Real Estate (HASR). It will be sold at 19 million dong (US$973.8) per square metre, according to Doan Chi Thanh, director of HARS. The 1,000 square metre building with five [...] |
India’s Marico enters Vietnam mkt Posted: 19 Feb 2011 07:14 AM PST Harsh Mariwala-owned Marico has entered Vietnam through an investment in International Consumer Products Corporation (ICP), an FMCG company in Vietnam. Marico has picked up 85% equity in ICP for an undisclosed consideration. ICP, which was founded in 2001, by Dr Phan Quoc Cong and his partner, achieved a turnover of a little over S$ 25 million [...] |
Vietnam raises banks’ recapitalisation rate Posted: 19 Feb 2011 07:14 AM PST Vietnam’s central bank Thursday raised its rate for recapitalising banks by 2 percentage points to 11 percent, but analysts said the government needs to take more aggressive measures if it hopes to bring inflation back to single digits. The move by the State Bank of Vietnam comes after it devalued the dong last week for the [...] |
Vietnam cbanker seeks lower credit growth goal-media Posted: 19 Feb 2011 07:14 AM PST Vietnamese central bank governor Nguyen Van Giau has recommended that the government slash its credit growth target to under 20 percent from the current 23 percent, a state-run online news portal reported on Friday. Inflation accelerated to a near two-year high of 12.2 percent in January and economists say the government will be unable to bring [...] |
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