Vietnam Business News

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• Viettel expands to realty sector
• Southern shipyard to built barge for Australian company
• Vietnam struggles to realise its potential
• Vinaconex Xuan Mai prepares to sell over 2,000 apartments
• Maritime Bank wins STP Award
• Credit growth for economy estimated at 1.46pct in Feb
• 2010 – an unsuccessful year for investment funds
• G-bond tender on March 3 fails
• Time is right for Vietnam-EU trade relations
• Japan finances Vietnam’s two mega projects

Viettel expands to realty sector Posted: 04 Mar 2011 08:30 AM PST The Vietnam military-run telecommunication firm, Viettel, will do business in sectors of five-star hotel and luxury resort together five star hospital. Hoang Anh Xuan, Viettel’s general director said that real estate will be one of four strategic business sectors of Viettel together with telecommunication, offshore investments and equipments productions for telecommunication and information and technology. [...]

Southern shipyard to built barge for Australian company Posted: 04 Mar 2011 08:29 AM PST Australian ship builder Strategic Marine has its southern Ba Ria-Vung Tau Province-based shipyard build a 27-metre work barge. The barge, being built at Strategic Marine’s largest shipyard in Vietnam, will service the energy and resources sector in Western Australia north-west for Karratha business Offshore Plant Hire. It will be based in the Port of Dampier [...]

Vietnam struggles to realise its potential Posted: 04 Mar 2011 08:28 AM PST Above a group of workers painstakingly sorting through tiny components in 4P’s electronics factory on the outskirts of Hanoi hangs a poster that reads: “Nothing endures except change.” It is a dictum that Hoang Minh Tri, the factory’s energetic owner, and many Vietnamese people have become all too familiar with on the bumpy road from [...]

Vinaconex Xuan Mai prepares to sell over 2,000 apartments Posted: 04 Mar 2011 08:28 AM PST Dang Hoang Huy, chair of management board in Vinaconex Xuan Mai Joint Stock Co (coded XMC) announced that the company was selling 864 apartments at Kien Hung project for low-income workers. In addition, the company also started selling 460 apartments in Vinh Yen, 352 apartments in Binh Tri Dong project, HCM City. Vinaconex Xuan Mai [...]

Maritime Bank wins STP Award Posted: 04 Mar 2011 08:25 AM PST Maritime Commercial Joint Stock Bank (Maritime Bank) has lately been granted the STP Award from Bank of New York (BNY Mellon). BNY Mellon is the world leading organisation in asset management and stock service sector with total asset value of $25 trillion. Its head quarter was sited in New York. The STP Award is granted [...]

Credit growth for economy estimated at 1.46pct in Feb Posted: 04 Mar 2011 08:24 AM PST Till February 22, 2011, credit growth for economy is estimated at 1.46 percent against the end of January and up 2.71 percent from the end of 2010, according to the State Bank of Vietnam (SBV). Also as announced by the central bank, the total deposits of customers at credit institutions till February 22, 2011 increased [...]

2010 – an unsuccessful year for investment funds Posted: 04 Mar 2011 08:24 AM PST Year 2010 was an unsuccessful year for investment funds, including foreign and five domestic investment funds listed on HCM City Stock Exchange. Net Asset Value (NAV) of most foreign investment funds in Vietnam fell down in 2010, and prices of fund certificates were less than NAV from 10-15 percent to 30-40 percent. Since being able [...]

G-bond tender on March 3 fails Posted: 04 Mar 2011 08:24 AM PST Hanoi Stock Exchange (HNX) has recently announced the auction results of G-bonds issued by the State Treasury on March 3 via the northern bourse whereby the total winning volume reached only 145 billion dong, equalling to 2.4 percent of the total offering volume of 6 trillion dong. These bonds have terms of 3, 5 and [...]

Time is right for Vietnam-EU trade relations Posted: 04 Mar 2011 08:22 AM PST An EU trade official affirmed that now is a good time for Vietnam and the EU to start negotiations on a bilateral Free Trade Agreement (FTA). At a seminar entitled "Negotiating a Vietnamese-EU FTA: the opportunities and challenges for Vietnam?" in Hanoi on March 2, Jean-Jacques Bouflet, Counsellor and Head of the Economics and Trade [...]

Japan finances Vietnam’s two mega projects Posted: 04 Mar 2011 08:21 AM PST Japan will provide about 500 billion yen (roughly $6.1 billion) in financial assistance for Vietnam to undertake two infrastructure projects seen as key to promoting its economic growth. The funding will be used for the construction of Lach Huyen port in the north and Long Thanh International Airport in the south, according to the Japanese [...]

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