Vietnam Business News

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• Coordinated approach to build housing strategy
• Gloves to come off in fight for new buyers
• Vietnam’s 2011 GDP to grow 6.5-7.0 pct y/y: report
• Vietnam Airlines to change terminal in Singapore
• Gov’t resolution on key measures for macro-economic stability
• Overview on stock market between Mar 7 to 12
• Vietinbank and VDB to be audited in Mar
• SBV to raise compulsory reserve requirement if credit growth remains high
• SCG lays Vietnam foundation
• Vietnam’s cashew nut export revenue up 43.8% in first two months

Coordinated approach to build housing strategy Posted: 14 Mar 2011 12:47 AM PDT Although difficulties are engulfing developers this year as a result of the government's monetary tightening policy, opportunities remain open for housing developers as the country seeks to quickly provide quality housing accommodation Although difficulties are engulfing developers this year as a result of the government's monetary tightening policy, opportunities remain open for housing developers as [...]

Gloves to come off in fight for new buyers Posted: 14 Mar 2011 12:46 AM PDT A flood of high-end condominium projects in Hanoi expected to be launched this year will see competition for buyers become fiercer. Several years ago, the capital city had a few of high-end condominium projects such as Indochina Plaza Hanoi, Keangnam Hanoi Landmark Tower, Sky City Towers. However, this year the market will experience the mushrooming [...]

Vietnam’s 2011 GDP to grow 6.5-7.0 pct y/y: report Posted: 14 Mar 2011 12:44 AM PDT Vietnam’s economy could expand at between 6.5 percent and 7.0 percent this year, below the government’s annual target, as it concentrates on fighting inflation, a state-run newspaper reported on Tuesday. The government “is determined not to push too much on the growth target but to focus intensively in containing high inflation,” Deputy Planning and Investment [...]

Vietnam Airlines to change terminal in Singapore Posted: 14 Mar 2011 12:43 AM PDT As of March 27, Vietnam Airlines will drop off its passengers at Terminal 3 instead of Terminal 1 at Singapore's Changi International Airport, the airliner has announced. Pham Viet Thanh, Vietnam Airlines' vice director said the new terminal, which has better infrastructure compared to others at Changi, would be more convenient for passengers. Big airliners [...]

Gov’t resolution on key measures for macro-economic stability Posted: 13 Mar 2011 11:52 PM PDT In implementing resolutions of the National Assembly, the supreme legislative body, the Government issued Resolution No.02/NQ-CP dated January 9, 2011 on key solutions for directing and managing the implementation of socioeconomic development plan and State budget estimation in 2011. However, the world economic situation is developing complicatedly; inflation is accelerating, prices of crude oil, input [...]

Overview on stock market between Mar 7 to 12 Posted: 13 Mar 2011 10:49 PM PDT Vietnam's stock market has undergone a brisk trading week when the price of listed shares as well as the major indexes simultaneously saw strong rises. Foreign investors also took the advantages of this opportunity to offload goods, which gained points, for profit and bought good share codes. Totally for the wholly trading week, foreigners posted [...]

Vietinbank and VDB to be audited in Mar Posted: 13 Mar 2011 10:48 PM PDT The State Auditing Agency of Vietnam has lately announced its calendar of the week between March 14 and 19 whereby it will launch the audit for Vietnam Commercial Joint Stock Bank for Industry and Trade (Vietinbank-CTG) and Vietnam Development Bank (VDB) on Tuesday March 15. At the same time, the agency will audit the State [...]

SBV to raise compulsory reserve requirement if credit growth remains high Posted: 13 Mar 2011 10:48 PM PDT The State Bank of Vietnam, the country’s central bank (SBV) is determined in pursuing inflation control targets so if necessary, it will have to use compulsory reserve requirement as the final instrument, possible implementation after June as soonest. SBV Governor Nguyen Van Giau told VnExpress that hiking the compulsory reserve requirement was the bold measure, [...]

SCG lays Vietnam foundation Posted: 13 Mar 2011 10:47 PM PDT Siam Cement Group (SCG), Thailand’s top industrial conglomerate, aims to nearly triple its building material sales in Vietnam to about 1 billion baht by 2015 as it captures rising spending power in the country. ''Vietnam is a strategic market that will help to develop our vision to become an Asean leader in building materials as [...]

Vietnam’s cashew nut export revenue up 43.8% in first two months Posted: 13 Mar 2011 10:47 PM PDT Vietnam’s cashew nut export revenue hits 154 million U.S. dollars in the first two months, posting a year-on-year rise of 43.8%, according to a report by Vietnamese General Statistics Office on Thursday. The country exported some 22,000 tonnes of cashew nuts in the first two months this year, up 6% year-on-year, said the report. This [...]

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