Vietnam Business News

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• PM Dung holds investment talks with senior Japan, Korea officials
• Experts explore potential products for securities market
• Firms eye new way to attract capital
• Defensive market posture leads to consolidations
• Province pulls plug on economic zone project
• Developers try to revive apartment sales
• Chu Lai aims to attract $500m in new investments
• FDI attraction falls 32% in first 2 months
• Quang Tri calls for investment
• Jetstar offers discounts for three days

PM Dung holds investment talks with senior Japan, Korea officials Posted: 25 Feb 2011 10:55 PM PST Acting President of the Democratic Party of Japan (DPJ) Yoshito Sengoku has asked the Vietnamese Government to create favourable conditions for Japan’s long-term investment in Viet Nam. Sengoku expressed his impressions on Viet Nam’s socio-economic development at a meeting with Prime Minister Nguyen Tan Dung in Ha Noi yesterday. Based on the strategic co-operation partnership, [...]

Experts explore potential products for securities market Posted: 25 Feb 2011 10:54 PM PST The release of new products for the domestic securities market and related legal frameworks were discussed at a meeting held in Ha Noi on Thursday. At the meeting held by the State Securities Commission of Viet Nam (SSC), Nguyen Thanh Ky, general secretary of Viet Nam Association of Securities Business suggested that Ministry of Finance [...]

Firms eye new way to attract capital Posted: 25 Feb 2011 10:54 PM PST Depository receipts could become helpful tools for many Vietnamese enterprises that want to attract foreign capital to help expand their business operations. Depository receipts (DRs) are financial instruments that represent an ownership interest in the securities of a foreign issuer typically trading outside its home market, and they have become a primary channel for raising [...]

Defensive market posture leads to consolidations Posted: 25 Feb 2011 10:53 PM PST Mergers and acquisations will increase sharply in the real estate sector this year due to expected difficulties in obtaining financing for projects, says Troy Griffiths, national director of research and valuation for Savills Viet Nam. The need to raise capital through the securities market, as well as to streamline and restructure operations, would also drive [...]

Province pulls plug on economic zone project Posted: 25 Feb 2011 10:52 PM PST Authorities in the south-central coastal province of Phu Yen have asked the Government to halt a United Arab Emirates’s project to build a large special economic zone. The provincial People’s Committee chairman, Pham Dinh Cu, said the UAE-based Sama Dubai group planned initial investment capital of US$250 billion that could likely double to $500 billion. [...]

Developers try to revive apartment sales Posted: 25 Feb 2011 10:52 PM PST Real estate investors are racing to introduce promotions and discount programmes to spur the sluggish apartment sector in the country’s southern economic hub. In HCM City alone, more than 50,000 newly-built and old apartments remain unsold. The sluggish sales are attributed by real estate experts to large housing supply and excessive prices. As a result, [...]

Chu Lai aims to attract $500m in new investments Posted: 25 Feb 2011 10:52 PM PST Chu Lai Open Economic Zone (EZ) in the central province of Quang Nam aimed to attract US$500 million in investment this year, according to the EZ Management Board. A recent report by the board revealed that it had granted licences to 12 new projects capitalised at over $556 million in 2010, up 102 per cent [...]

FDI attraction falls 32% in first 2 months Posted: 25 Feb 2011 10:51 PM PST The nation attracted US$1.56 billion in foreign direct investment (FDI) during January and February, down 32 per cent against the same period last year, according to the Foreign Investment Agency (FIA). However, disbursement of FDI during the first two months increased by 4.5 per cent over the same period last year to reach $1.15 billion. [...]

Quang Tri calls for investment Posted: 25 Feb 2011 04:54 PM PST The central province of Quang Tri has asked for HCM City enterprises to invest more in the province. As Quang Tri witnessed a lot of fighting during the war 35 years ago, it has been a long road to recovery and it has had many achievements in its economic and infrastructure development, chairman of the [...]

Jetstar offers discounts for three days Posted: 25 Feb 2011 08:06 AM PST Starting Friday, February 25, Jet star Pacific, the low-cost domestic airline, will slash prices for flights departing from April 5 to 25 and May 5 to 15. Tickets from HCM City to Hanoi/Hai Phong or Vinh will cost 700,000 dong (US$35). Flights from Hanoi to Danang, and from HCM City to Danang will drop to [...]

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