Vietnam Business News

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• 22,000 sqm in Cho Mo Trade Centre ready for lease
• Vietnam’s FDI attraction reaches nearly $2.4b in Jan-Mar
• Curbing inflation will be different this year
• Hanoi’s industrial output up 13.1pct in Q1
• SBV maintains forex rate at 20,900 dong/US dollar March 28
• Banks to face challenges in 2011
• Nam A Bank targets 2011 pre tax profit at 460b dong
• Banks hesitant with plan of listing shares on stock market
• Mar 28: Vietnam gold plunges to VND36.82Mln , Dong steady
• Vietnam agro-forestry and seafood product +3.46% to VND49.48Tln in Q1 2011

22,000 sqm in Cho Mo Trade Centre ready for lease Posted: 28 Mar 2011 01:06 AM PDT The real estate consulting company of Colliers International Vietnam has recently offered for leasing the total space of 22,000 square meters in the first five-storey foundation part in two blocks of Cho Mo Trade Centre, sited at No 459C Bach Mai St, Hanoi. The construction was expected to be completed in late 2012. Cho Mo [...]

Vietnam’s FDI attraction reaches nearly $2.4b in Jan-Mar Posted: 28 Mar 2011 01:03 AM PDT Till March 22, Vietnam has attracted $2.37 billion of foreign direct investment (FDI) capital including capital of 173 new projects and 37 others registered to raise capital. The processing and manufacturing industry sectors still remained the most attractiveness, accounting for 65.4 percent of the total FDI capital and then construction field with 8.7 percent. In [...]

Curbing inflation will be different this year Posted: 28 Mar 2011 01:03 AM PDT Dr Le Xuan Nghia, vice Chair of the National Financial Supervisory Committee said that through decisive measures, the government is still able to lower the consumer price index (CPI) to seven percent threshold. With CPI of 2.17 percent in March, CPI of the first quarter of 2011 has risen by 6.12 percent, closer to the [...]

Hanoi’s industrial output up 13.1pct in Q1 Posted: 28 Mar 2011 01:02 AM PDT As reported by the Hanoi Department of Industry and Trade, the capita city’s industrial production value in March surged 22.8 percent against the previous month, of which, the state economic area saw a rise of 16.9 percent, private firms contributed 15 percent and foreign-invested enterprises made up 31.3 percent. Totally in Q1, 2011, Hanoi’s industrial [...]

SBV maintains forex rate at 20,900 dong/US dollar March 28 Posted: 28 Mar 2011 01:01 AM PDT The State Bank of Vietnam (SBV) announced the interbank average forex rate today March 28 at 20,693 dong/US dollar, remaining unchanged from March 26. This is the highest level of the interbank average forex rate since February 17 so far. With the interbank forex rate at 20,693 dong/US dollar, the ceiling FX rate quoted at [...]

Banks to face challenges in 2011 Posted: 28 Mar 2011 01:01 AM PDT CEO of Standard Chartered Bank Vietnam Louis Taylor said that the financial and banking market in 2011 would face many challenges due to the change of policy direction. However, the prospect in medium and long term is still relatively clear. Sharing his view on the macroeconomic situation of Vietnam in 2011, Taylor said that he [...]

Nam A Bank targets 2011 pre tax profit at 460b dong Posted: 28 Mar 2011 01:00 AM PDT Nam A Commercial Joint Stock Bank (Nam A Bank) on March 26, organised the annual shareholders’ meeting 2011 to report the business results in 2010 with the net income of 262.5 billion dong, profit from services at 35 billion dong, net profit from foreign exchange operations at over 8 billion dong, profit from stock purchase [...]

Banks hesitant with plan of listing shares on stock market Posted: 28 Mar 2011 01:00 AM PDT Although the shareholders have approved the share-listing plans in their annual shareholders meeting, many banks showed cautious attitude in watching the market situations, while waiting for the right time to go public. The East Asia Commercial Joint Stock Bank (DongABank – EAB) announced finalising the profiles for listing shares on the Hochiminh Stock Exchange (STC) [...]

Mar 28: Vietnam gold plunges to VND36.82Mln , Dong steady Posted: 28 Mar 2011 12:51 AM PDT Local gold on March 28 fell nearly VND200,000 to VND36.82million/tael while global gold slid off the record high hit on March 24 to 1,426.25 an ounce, down 0.1%. Meanwhile, the dong remained steady in the official market. As of 1: 38 p.m. Hanoi time, Sacombank-SBJ gold as listed at VND36.76million/tael and VND36.85million/tael for bid and [...]

Vietnam agro-forestry and seafood product +3.46% to VND49.48Tln in Q1 2011 Posted: 28 Mar 2011 12:51 AM PDT Vietnam agro-forestry and seafood product is estimated to increase by 3.46% to VND49.48 trillion in the first quarter of this year from the same period of 2010 Vietnam agro-forestry and seafood product is estimated to increase by 3.46% to VND49.48 trillion in the first quarter of this year from the same period of 2010, the [...]

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