Vietnam Business News

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• Lao border zones clear path for investors
• Travel firms decry lack of port as more cruise ships arrive
• Tight credit hampers Delta farmers
• Rice growing areas to expand
• US firm runs successful network trial
• Transmission overload forces power stations to cut output
• Official foresees healthy real estate market
• Japanese firm buys into FPT Securities
• Vietinbank finalizes share issuance for IFC
• Corporate bonds unmarketable because of CPI

Lao border zones clear path for investors Posted: 12 Mar 2011 08:36 AM PST Economic zones on each side of the Lao Bao border checkpoint between Viet Nam and Laos are offering incentives to investors and businesses. The areas included, in Viet Nam, the Lao Bao Special Economic and Commercial Zone of central Quang Tri Province and, in Laos, the Densavan Border Trade Zone. Deputy Governor of Laos’s Savannakhet [...]

Travel firms decry lack of port as more cruise ships arrive Posted: 12 Mar 2011 08:34 AM PST Local tour operators serving foreign cruise ships have reported a strong rise in cruise passenger arrivals, but the lack of a capable terminal for such vessels will hinder the development of this tourism segment. Saigontourist, Viet Excursions, and OSC Travel among others said they are happy with the steady increase in cruise ship arrivals this [...]

Tight credit hampers Delta farmers Posted: 12 Mar 2011 08:32 AM PST Agricultural produces are fetching good prices, but many farmers and enterprises in the Cuu Long (Mekong) Delta can’t access the loans they need to farm. The price of tra fish had risen to a record high of 25,000 dong (US$1.2) a kilogram with promises of good profit margins for farmers, but a lot of ponds [...]

Rice growing areas to expand Posted: 12 Mar 2011 08:31 AM PST The Ministry of Agriculture and Rural Development has asked the Cuu Long (Mekong) Delta provinces to develop plans to sustainably increase areas for cultivation of the autumn-winter rice crop. The plans would include reinforcing dykes, building electric water pumping systems, using appropriate rice varieties and applying good farming practices. Studies should be conducted before cultivation [...]

US firm runs successful network trial Posted: 12 Mar 2011 08:31 AM PST US network specialist Ciena Corporation yesterday announced the successful completion of a next-generation 100 Gigabit per second (Gb/s) network trial on local service provider Viet Nam Telecoms National’s backbone network, representing the first use of coherent 100G technology in Viet Nam. The trial was conducted in February, spanned 500 kilometres between the cities of Vinh [...]

Transmission overload forces power stations to cut output Posted: 12 Mar 2011 08:28 AM PST Several small- and medium-sized hydropower plants in the Tay Nguyen (Central Highland) provinces of Kon Tum and Gia Lai have scaled back production because the only 110kV power line that transmits electricity from these plants to the national power grid is overloaded. Kon Tum now has about 50 small- and medium-sized hydropower projects that are [...]

Official foresees healthy real estate market Posted: 12 Mar 2011 08:27 AM PST The long-term outlook for Viet Nam’s property market was very optimistic, said Deputy Minister of Construction Nguyen Tran Nam at a conference conducted in Ha Noi on Thursday. According to Nam, in the next 20 to 30 years, demand for housing will strongly increase thanks to a shift in policy and improved infrastructure. Moreover, he [...]

Japanese firm buys into FPT Securities Posted: 12 Mar 2011 08:26 AM PST FPT Securities Co, a securities arm of the software producer FPT Corporation (FPT), planned to issue 11 million shares to Japanese SBI Securities Company to increase its charter capital to 550 billion dong (US$26.2 million), the company said in its shareholders’ meeting on Thursday. The shares will be sold at 45,000 dong ($2.14) each and [...]

Vietinbank finalizes share issuance for IFC Posted: 12 Mar 2011 08:26 AM PST Vietnam Commercial Joint Stock Bank for Industry and Trade (Vietinbank-CTG) has lately announced that it successfully issued 168,581,013 shares to two foreign institutions and earned nearly 1.686 billion dong from the share issuance. In details, from January 25 to March 10, CTG issued 55,285,714 shares for International Finance Corp (IFC) and 113,295,299 shares for IFC [...]

Corporate bonds unmarketable because of CPI Posted: 12 Mar 2011 08:25 AM PST The bond market, Vietnam Bond Market Association (VBMA) said, is showing significant development, especially last year many corporates succeeded in raising total 47 trillion dong from bond issuance, a year on year growth of 76 percent. Till this time, the firms in fields of production, trading and real estate accounted for 55 percent of issued [...]

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