Vietnam Business News

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• Central bank’s reassurance prompts people to rush to buy bullion gold
• As one dollar market is cleared away, another appears
• Fearing radioactivity, mothers rush to collect Japanese formulas
• Singapore shows increasing confidence in Vietnam
• Sacombank signs SME credit support agreement
• Vietbuild Hanoi attracts construction businesses
• Statistics on communication services released
• Vinaphone officially launches Vinasport service
• IT businesses need more Gov’t support
• Flats, land still best investment choices: survey

Central bank’s reassurance prompts people to rush to buy bullion gold Posted: 18 Mar 2011 11:58 PM PDT After the State Bank of Vietnam, in an effort to stabilize the gold market, reassured people that bullion gold remains a legal investment channel, people have rushed back to gold shops to purchase bar gold. Several days ago, rumors that the government will prohibit bullion gold trade on the free market had people worried stiff. [...]

As one dollar market is cleared away, another appears Posted: 18 Mar 2011 11:17 PM PDT Foreign exchange shops on Ha Trung Street, the "foreign currency street" in Hanoi, all have shut down after great efforts by the State Bank to eliminate the foreign currency black market. However, another black market is arising. The new dollar market is located on Dinh Le and Nguyen Xi streets in the center of Hanoi. [...]

Fearing radioactivity, mothers rush to collect Japanese formulas Posted: 18 Mar 2011 11:16 PM PDT Since earlier this week, when hearing news about the explosions at a Japanese nuke plant, and the risk of a nuclear crisis; Vietnamese mothers have been rushing to purchase Japanese formulas, fearing that Japanese dairy products will not be available in Vietnam in the future. The news in local newspapers is that people in Hong [...]

Singapore shows increasing confidence in Vietnam Posted: 18 Mar 2011 11:15 PM PDT Singaporean Ambassador to Vietnam Simon Wong has emphasised the increasing confidence of his country's investors in trade and investment cooperation potential between the two countries. Addressing a meeting of more than 300 Vietnamese and Singaporean businesses held in Hanoi on March 18, the Singaporean diplomat cited the outstanding successes in the two countries' economic cooperation [...]

Sacombank signs SME credit support agreement Posted: 18 Mar 2011 11:15 PM PDT Sacombank Leasing Company has finalised a credit agreement worth 5 million USD with Norfund to assist the provision of medium and long-term capital to small and medium-sized enteprises (SME) in Vietnam. Under the agreement, signed in Ho Chi Minh City on March 18, Norfund will provide a 5 million USD loan to Sacombank Leasing Company [...]

Vietbuild Hanoi attracts construction businesses Posted: 18 Mar 2011 11:14 PM PDT As many as 500 businesses have registered for participation at an international construction exposition (Vietbuild Hanoi 2011) scheduled for March 23-27. This information was released by the Centre for Information Technology and Communication (CITC) Director, Dang Kim Giao, under the Ministry of Construction at a press briefing in Hanoi on March 18, saying the figure [...]

Statistics on communication services released Posted: 18 Mar 2011 11:13 PM PDT The Department of Information and Communications published its survey about the usage of phones, internet and audio-visual services in Ha Noi. As many as 2,576 million people in Ha Noi possess mobile phones, accounting for 45 per cent of the population. Among the 407,000 households in Ha Noi, 28 per cent have computers, 22 per [...]

Vinaphone officially launches Vinasport service Posted: 18 Mar 2011 11:13 PM PDT Vinaphone officially launched VinaSport service, a new plan for sport fans on Monday. VinaSport provides its customers with the latest information and images about football, tennis, golf, boxing and formula one racing. The service has two flexible fee packages including a weekly fee package of VND10,000 and a monthly fee of VND20,000 and an extra [...]

IT businesses need more Gov’t support Posted: 18 Mar 2011 11:12 PM PDT The Government should invest in information technology, which will benefit groups in the State-owned and private sectors, said Ha The Minh, Chairman of CMC joint stock company. For his company, Minh said he wanted to boost the production of low-cost devices, but if there is no market the products will not perform well. According to [...]

Flats, land still best investment choices: survey Posted: 18 Mar 2011 11:12 PM PDT The Viet Nam Report Joint Stock Company (Viet Nam Report) yesterday released the results of its survey on 2011 housing market trends and demand in the capital city. In the survey, Viet Nam Report found that apartment and land remained the first choice for private investors and consumers. The company said about 47 per cent [...]

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