Vietnam Business News

---

• NBRS to be a beacon of light for businesses
• Hoa Phat to build its profit margins
• Local banks apply new tactics to raise deposit rates
• Travel firms to raise tour prices for foreigners
• Vietnam credit growth +3.67%, deposit +1.56%, M2 +2.01% in Q1/2011
• Interbank trading of Dollar surges 38.8%
• TLS continues leading stock brokers on HNX in Q1 2011, more surprises seen
• Vietnam Q1 trade deficit relatively safe
• Foreign-invested businesses profit from exports of farm produce
• Thai billionaire Dhanin’s CP All may open stores in China, Laos, Vietnam

NBRS to be a beacon of light for businesses Posted: 06 Apr 2011 01:02 AM PDT A new version of the national business registration information system (NBRS) will help businesses significantly save time in dealing with administrative procedures, while easing the huge workload at local business registration departments. Deputy head of the Ministry of Planning and Investment's Business Registration Division Bui Anh Tuan tells VIR why. What advantages does the new [...]

Hoa Phat to build its profit margins Posted: 06 Apr 2011 01:02 AM PDT Privately-owned Hoa Phat Group expects its property business to significantly drive up its profit margins. At Hoa Phat Group's (HPG) recent annual general shareholders' meeting, group executives said they expected property to contribute up to 30 per cent of HPG's total profit margins within the next three years as well as significantly alter its profit [...]

Local banks apply new tactics to raise deposit rates Posted: 06 Apr 2011 12:59 AM PDT Local lenders have applied a new tactics to raise deposit interest rates above deposit interest rates of 14% due to shortage of capital, the online newspaper Nguoi Lao Dong reported March 6. For deposit amount such as VND300million, depositors are advised to introduce another person, who acts as a "broker", to involve in and receive [...]

Travel firms to raise tour prices for foreigners Posted: 06 Apr 2011 12:59 AM PDT Local travel firms will likely raise tour prices for international tourists to the country in the next high season, normally from October to next March, by 5% to 10% to offset the rising costs, though they admit the high price will erode the attractiveness of the destination. The tour operators pointed to a series of [...]

Vietnam credit growth +3.67%, deposit +1.56%, M2 +2.01% in Q1/2011 Posted: 06 Apr 2011 12:57 AM PDT As of March 16, total outstanding loans and total deposits of the whole banking system were estimated to rise by 3.67% and 1.56% from end of 2010, respectively, according to the latest press release on the State Bank of Vietnam (SBV)'s website. As of March 16, total outstanding loans and total deposits of the whole [...]

Interbank trading of Dollar surges 38.8% Posted: 06 Apr 2011 12:56 AM PDT The total inter-bank trading value of dollar surged 38.8% to $5.714million in the week ending March 30, while that of of the dong edged up to VND 157.727trillion from VND134.125trillion, said the State Bank of Vietnam (SBV). Trading value of the dong (mostly for overnight and one-week term), accounted for 62% of the total trading [...]

TLS continues leading stock brokers on HNX in Q1 2011, more surprises seen Posted: 06 Apr 2011 12:55 AM PDT Thang Long Securities Company remains Vietnam's biggest stock broker on the Hanoi Stock Exchange (HNX) after taking the lead in providing 8.9% brokerage services on the bourse, but down 3.04% on-year the bourse said on its website. The broker also took the top place in brokerage service provider on HNX in the five consecutive quarters. [...]

Vietnam Q1 trade deficit relatively safe Posted: 06 Apr 2011 12:54 AM PDT Vietnam trade deficit is estimated to reached $3.03 billion or 15.78% of the export revenue in the first quarter of this year (GSO source). Vietnam trade deficit is estimated to reached $3.03 billion or 15.78% of the export revenue in the first quarter of this year (GSO source). The rate was the lowest since the [...]

Foreign-invested businesses profit from exports of farm produce Posted: 06 Apr 2011 12:52 AM PDT Farm produce is considered one of the spearheads of socio-economic development in 2011. It is expected not only to increase farmers' incomes, but also balance Vietnam's export and import. However, most of export earnings more often than not fall into the hands of foreign-invested businesses as they get the upper hand over domestic ones in [...]

Thai billionaire Dhanin’s CP All may open stores in China, Laos, Vietnam Posted: 05 Apr 2011 11:28 PM PDT CP All Pcl (CPALL), the Thai 7-Eleven convenience-store operator controlled by billionaire Dhanin Chearavanont, said it may open outlets in China and neighboring Southeast Asian countries to tap rising incomes. The Bangkok-based retailer aims to boost revenue by at least 15 percent annually by adding stores, Kriengchai Boonpoapichart, head of finance and investor relations, said [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610