Vietnam Business News

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• Supply of retail space in Hanoi will increase very rapidly in the next three years
• Small banks claim difficulties in restructuring outstanding loans
• Investment licenses for 33 FDI projects to be cancelled and revoked in 2010
• Total number of E-banking services users in Vietnam grows 35pct in 2010
• Billions KWH of electricity failed to be put into grid, electricity shortage serious
• Over 17tr dong to ensure for Eco city project
• Real estate in Binh Duong – potential for investors
• Vietnam likely to raise reserve ratio if necessary: Governor
• Vietnam to grow biotech corn by 2012
• First transformer produced

Supply of retail space in Hanoi will increase very rapidly in the next three years Posted: 11 Mar 2011 08:04 AM PST In recent years, supply of retail space for rent has always been scarce, especially in the urban central area, the occupation rate at shopping centres has always been high (at nearly 100 percent). According to preliminary statistics of CBRE, Hanoi currently has about 118,000 square metres of leasing space, up by about 15 percent over [...]

Small banks claim difficulties in restructuring outstanding loans Posted: 11 Mar 2011 08:03 AM PST The State Bank of Vietnam has decided that banks must not have a credit growth rate higher than 20 percent this year. Meanwhile, small banks complain that the regulation is not fair for them. The government has decided that curbing inflation must be a top priority for 2011. In order to do that, the credit [...]

Investment licenses for 33 FDI projects to be cancelled and revoked in 2010 Posted: 11 Mar 2011 08:03 AM PST The statistics released by the HCM City Department of Planning and Investment showed that there were 33 foreign direct investment (FDI) projects to be cancelled and revoked investment licenses in HCM City during 2010, most of which were small and medium-scaled ones. It was said that some projects had been granted investment licenses since 1993, [...]

Total number of E-banking services users in Vietnam grows 35pct in 2010 Posted: 11 Mar 2011 08:02 AM PST “Vietnam, Indonesia and Philippines have seen the highest annual growth rate of using the e-banking services when most banks now offer better online services.” The total number of users for websites of banks in the Southeast Asia area has increased dramatically during past years, in the context that these banks have increasingly better understanding about [...]

Billions KWH of electricity failed to be put into grid, electricity shortage serious Posted: 11 Mar 2011 08:02 AM PST The failure of the power development program for the 2006-2010 period (the 6th development plan) showed that Vietnam lacks electricity not only because it lacks capital or because of prolonged droughts. It is imperative to reconsider the efficiency of investments in the power sector. Power plant projects going at a snail's pace While the cement [...]

Over 17tr dong to ensure for Eco city project Posted: 11 Mar 2011 08:02 AM PST A signing ceremony of an insurance contract worth 17 trillion dong for the Eco City project was held on March 10 in Hanoi between Military Insurance Joint Stock Co (MIC) and Hanoi South Urban Development Joint Stock Co under the Vincom Group. The 37 hectare project is located in the Minh Khai St, Hai Ba [...]

Real estate in Binh Duong – potential for investors Posted: 11 Mar 2011 08:02 AM PST Binh Duong real estates market is being promoted in the event of ground-breaking the construction of concentrated Center of Administration and Politics in 2010. Advantageous connection of infrastructure is the strength "To witness is to believe" is deemed to be explanation why investors have been paying much attention to real estates in Binh Duong Province [...]

Vietnam likely to raise reserve ratio if necessary: Governor Posted: 11 Mar 2011 08:02 AM PST The State Bank of Vietnam (SBV) will likely raise the reserve requirement at banks if necessary, the central bank's Govenor Nguyen Van Giau was quoted by the state media VnEconomy as saying. If reserve ratio is raised by 1%, the SBV will withdraw many billions dong from the banking system, Giau said, noting that :" [...]

Vietnam to grow biotech corn by 2012 Posted: 11 Mar 2011 08:02 AM PST Viet Nam will start to grow genetically modified corn, which will be the first ever biotech product grown in the country if experimental cultivation yields positive results in 2011, says Trinh Va n Hung, Director of the Science and Technology Department under the Ministry of Agriculture and Rural Development. “Genetically modified or biotech corn has [...]

First transformer produced Posted: 11 Mar 2011 08:01 AM PST The first made-in-Vietnam 500 kV transformer is ready to be put into operation, Tran Van Quang, general director of the Dong Anh Electrical Equipment Manufacturing Joint Stock Company (EEMC) said on March 9. Quang said that his company and the Institute of Energy under the Ministry of Industry and Trade had finished the final tests [...]

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