Vietnam Business News

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• HOSE & HNX to pause trading on national holidays
• Crude oil exports increase, along with petroleum imports
• M&As ready to alter business landscaspe
• FMO lends Sacombank $150Mln to support SMEs
• Lien Viet Bank appointed to serve $900mln ADB loan
• Fuel prices hike raises CPI by 0.4%: MOF
• Viet Nam Expressway fails to sell VND1Tln corporate bonds
• Private sector posts impressive growth
• Seafood demand from Japan on the rise
• Vietnam welcomes largest container vessel

HOSE & HNX to pause trading on national holidays Posted: 31 Mar 2011 12:47 AM PDT The Hochiminh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX) announce the holiday schedule on the national holiday occasions in April and May as follows: The Hochiminh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX) announce the holiday schedule on the national holiday occasions in April and May as follows: The two exchanges [...]

Crude oil exports increase, along with petroleum imports Posted: 30 Mar 2011 11:49 PM PDT The total value of Vietnam's crude oil exports is estimated to have gone up by 15.7%, while petrol imports have risen by more than 50% in the first quarter. According to the General Statistic Office (GSO)'s estimates, the country brought in USD1.55 billion from its oil exports of 1.96 million metric tonnes of crude oil [...]

M&As ready to alter business landscaspe Posted: 30 Mar 2011 11:48 PM PDT Mergers and acquisitions (M&A) will become more prominent in 2011, SMiC law firm deputy general director Le Dinh Vinh tells VIR. What are your predictions for M&A trends in Vietnam this year? Generally, 2011 has four key factors that will encourage M&As in Vietnam. The first is the impact of the global economic crisis on [...]

FMO lends Sacombank $150Mln to support SMEs Posted: 30 Mar 2011 10:34 PM PDT Finance for Development (FMO), the Netherlands' entrepreneurial development bank on March 30 pledged a 10-year syndicated loan of $150million through Sacombank to support local small and medium-sized enterprises (SMEs). Finance for Development (FMO), the Netherlands' entrepreneurial development bank on March 30 pledged a 10-year syndicated loan of $150million through Sacombank to support local small and [...]

Lien Viet Bank appointed to serve $900mln ADB loan Posted: 30 Mar 2011 10:33 PM PDT The State Bank of Vietnam (SBV) on March 301 appointed Lien Viet Joint Stock Commercial Bank to serve a loan of over $900million funded by the Asian Development Bank (ADB), the central bank announced on its website. The ADB loan agreement was signed between Vietnam and ADB on November 9, 2010 which aims to finance [...]

Fuel prices hike raises CPI by 0.4%: MOF Posted: 30 Mar 2011 10:32 PM PDT Vietnam consumer price index(CPI) will rise by 0.4%, directly reflecting the recent fuel prices hike on March 29 Vietnam consumer price index(CPI) will rise by 0.4%, directly reflecting the recent fuel prices hike on March 29, Nguyen Tien Thoa, the Ministry of Finance's Head of Price Control Department told local media behind the government's regular [...]

Viet Nam Expressway fails to sell VND1Tln corporate bonds Posted: 30 Mar 2011 10:31 PM PDT Viet Nam Expressway Corporation (VEC) failed to sell any of VND1trillion corporate bonds in an auction of 3-year, 5-year and 10-year bonds on March 30 due to too high expected yields, according to data from the Hanoi Stock Exchange (HNX). Primary investors sought for corporate bond yields as high as 15% p.a. for 3-year bonds, [...]

Private sector posts impressive growth Posted: 30 Mar 2011 10:21 PM PDT The private sector has made up 78 percent of 500 enterprises rated as fastest growing (FAST-500), in a list announced by the Vietnam Joint Stock Rating Report Company (VNR) on March 30. Phung Hoang Co, Vice President of the VNR Managerial Board, said those in the FAST-500 recorded an average growth rate of 54 percent [...]

Seafood demand from Japan on the rise Posted: 30 Mar 2011 10:20 PM PDT Many Japanese importers are urging Vietnamese businesses to shorten the time for delivery because there is a high demand for seafood in their country, said the Vietnam Association of Seafood Exporters and Processors (VASEF) The recent earthquake and tsunami have badly affected the seafood breeding, catching and preserving industry in Japan. However, Vietnamese producers facing [...]

Vietnam welcomes largest container vessel Posted: 30 Mar 2011 10:20 PM PDT The 131,263 DWT container vessel named COLUMBA on March 30 docked at the Cai Mep International Terminal (CMIT) in the Cai Mep-Thi Vai river in the southern province of Ba Ria Vung Tau. This was the first time in Vietnam's maritime, a 363-metre vessel with a total capacity of 11.388 TEU has anchored there. The [...]

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