Vietnam Business News

---

• East Flanders, Lam Dong co-plant vegetables
• Experts say right pricing policy will stir up realty market
• Vietnam credit growth +2.71%, deposit +1.9%, M2 +2.71% in Feb
• MoF cuts import tax on sugar to 15%
• Mar 4: Vietnam Dong turns round to fall in black market
• Banks’ policies to tighten purse-strings may cause shocks to property market
• VN, Wallonie-Brussels trade to hit $1.4b
• Competition forces Kim Long restructure
• State-owned firms to be audited
• Experts anticipate inflation under 10 percent in 2011

East Flanders, Lam Dong co-plant vegetables Posted: 03 Mar 2011 07:41 PM PST Vietnam's Central Highlands province of Lam Dong and Belgium's province of East Flanders will team up to promote the planting of vegetables, fruit trees and decorative plants. A memorandum of understanding on the partnership, which will also see the involvement of the Hanoi University of Agriculture, was inked in Da Lat, Lam Dong, on March [...]

Experts say right pricing policy will stir up realty market Posted: 03 Mar 2011 07:40 PM PST Experts at a business gathering in HCMC on Monday called for forging a right pricing policy to make the property market move, saying the housing market has been experiencing stagnant trade due to oversupply. "A right pricing policy may help developers ride through the difficulties as there is still a huge housing demand down there [...]

Vietnam credit growth +2.71%, deposit +1.9%, M2 +2.71% in Feb Posted: 03 Mar 2011 07:39 PM PST As of February 22, total outstanding loans of the whole banking system are estimated to have risen 1.46% on month and 2.71% from end of 2010, according to the latest press release on the State Bank of Vietnam (SBV)'s website. In the period, the total deposits increased by 5.79% on month and 1.9% from end [...]

MoF cuts import tax on sugar to 15% Posted: 03 Mar 2011 07:38 PM PST The Ministry of Finance(MoF) has issued the Circular 29/2001/TT-BTC to cut tariff on imported sugar to 15% from April 4, The Ministry of Finance(MoF) has issued the Circular 29/2001/TT-BTC to cut tariff on imported sugar to 15% from April 4, MoF said. In detail, the tariff on raw and refined sugar will be reduced to [...]

Mar 4: Vietnam Dong turns round to fall in black market Posted: 03 Mar 2011 07:37 PM PST Vietnam's dong on March 4 turned tail to edge down VND30 in the black market, ending its rising momentum for over a week while extended gains at banks, according to the State Bank of Vietnam (SBV)'s data. In the black market, the domestic currency was traded between VND21,630 and VND21,730 per dollar, compared with between [...]

Banks’ policies to tighten purse-strings may cause shocks to property market Posted: 03 Mar 2011 07:36 PM PST Commercial banks have been told to restrict lending to non-production sectors in 2011, and experts have every reason to believe that the real estate market will meet bigger difficulties in 2011 than in 2010. The real estate market has been relying on bank loans to develop. Therefore, with a message was released about the tightening [...]

VN, Wallonie-Brussels trade to hit $1.4b Posted: 03 Mar 2011 07:35 PM PST Total yearly bilateral trade turnover between Viet Nam and the French community from Wallonie and the Committee of the French community in Brussels (Wallonie-Brussels) is expected to reach 1 billion euros (US$1.4 billion) in the near future. Vice President and Minister for the Economy, Small and Medium sized Enterprises, Foreign Trade and New Technologies of [...]

Competition forces Kim Long restructure Posted: 03 Mar 2011 07:34 PM PST Harsh competition amongst securities companies had encouraged Kim Long to restructure its business, chairman of Kim Long Securities said after announcing on Wednesday that the company would stop providing securities services. “The core services of a securities company haven’t earned us enough to ensure benefits for the shareholders,” said chairman Ha Hoai Nam. A common [...]

State-owned firms to be audited Posted: 03 Mar 2011 07:34 PM PST The State Audit of Viet Nam (SAV) plans to inspect 27 State groups, corporations and commercial banks this year, representatives said yesterday. Among those to be first audited will be the Viet Nam Shipbuilding Industry Group (VINASHIN), the Electricity of Viet Nam, mining giant Vinacomin, the Viet Nam Housing and Urban Development Holdings Group, the [...]

Experts anticipate inflation under 10 percent in 2011 Posted: 03 Mar 2011 07:32 PM PST Vietnam's inflation rate this year is estimated at below 10 percent, according to Le Xuan Nghia, Vice Chairman of the National Financial Supervisory Commission (NFSC). Under the prediction of NFSC, the adjustment of the USD/VND exchange rate and the increases in electricity and petrol prices from March 1 will push the year's CPI up by [...]

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