Vietnam Business News

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• FPT pulls the plug on EVN Telecom deal
• M&A to boom on cheap stocks?
• Narrower access to loans for stock investment
• Vietnam stock market to rebound firmly from Q3 2011
• Vinacomin proposes to raise coal prices by 40%
• CBRE quarterly property report
• Paper makers anxious on rising input costs
• Vietnamese businesses believe they can control difficulties in 2011
• Kick-off time for Guang Lian steel super-project remains a question
• How basic wage increase affects inflation in 2011 remains unknown

FPT pulls the plug on EVN Telecom deal Posted: 06 Apr 2011 10:34 PM PDT FPT Board of Management has officially decided to withdraw from an acquisition deal with EVN Telecom. The resolution said it agreed with the proposal to quit the investment project and will shortly take procedures for withdrawing all the capital investment it had deposited to EVN Telecom. EVN Telecom is waiting for the government's decision. "We [...]

M&A to boom on cheap stocks? Posted: 06 Apr 2011 10:32 PM PDT On March 29, 2011, price to earnings ratio (P/E) of the Vietnamese stock market was 8.33 and price to book (P/B) value was as low as 1.49 times, much lower than values at the six-year low of the VN-Index created on February 24, 2009 On March 29, 2011, price to earnings ratio (P/E) of the [...]

Narrower access to loans for stock investment Posted: 06 Apr 2011 10:31 PM PDT Late March 29th, Ministry of Finance approved an increase of VND 2,000 – 2,800 in petroleum price. This is the second time since the beginning of 2011, Vietnam has raised petroleum price. Forming new floor price for petroleum Many people have been so surprised by petroleum's price increasing on March 29th since it went up [...]

Vietnam stock market to rebound firmly from Q3 2011 Posted: 06 Apr 2011 10:31 PM PDT Vietnam stock market will show a sustainable rebound from the beginning of the third quarter as the interest rate and inflation begin to decline, Vietnam stock market will show a sustainable rebound from the beginning of the third quarter as the interest rate and inflation begin to decline, Le Xuan Nghia, Vice Chairman of Vietnam's [...]

Vinacomin proposes to raise coal prices by 40% Posted: 06 Apr 2011 10:30 PM PDT The Viet Nam National Coal, Mineral Industries Holding Corporation Limited (Vinacomin), Vietnam's biggest coal explorer, is seeking government approval to raise coal prices sold to the cement sector by 40% from April The Viet Nam National Coal, Mineral Industries Holding Corporation Limited (Vinacomin), Vietnam's biggest coal explorer, is seeking government approval to raise coal prices [...]

CBRE quarterly property report Posted: 06 Apr 2011 10:29 PM PDT The first quarter of 2011 saw the government shift focus from a growth centred policy to an inflationary control policy. The first quarter of 2011 saw the government shift focus from a growth centred policy to an inflationary control policy. Real estate consultancy CB Richard Ellis Vietnam yesterday released its quarterly report on the changing [...]

Paper makers anxious on rising input costs Posted: 06 Apr 2011 10:27 PM PDT Vietnam's paper producers announced they would raise their product price this year on strong US dollars, increasing input costs and low import quotas. Last year was a tough time for the paper industry as local producers had to cope with many challenges, including the surging input costs, high foreign exchange rate, rising lending rate and [...]

Vietnamese businesses believe they can control difficulties in 2011 Posted: 06 Apr 2011 10:27 PM PDT The survey conducted on 500 Vietnamese fastest growing enterprises (FAST500) shows that Vietnamese enterprises remain calm when facing new difficulties and they remain optimistic about their business performance in 2011, believing that their high growth rates will continue this year. The three factors that decide success When asked what are the most important factors that [...]

Kick-off time for Guang Lian steel super-project remains a question Posted: 06 Apr 2011 10:26 PM PDT One year after the government released the decision to allow Guang Lian steel project to increase its investment capital to 4.5 billion dollars, the super-project in Dung Quat Economic Zone in the central region of Vietnam still has not received a certificate on capital increase. On March 30, the government's office released a dispatch informing [...]

How basic wage increase affects inflation in 2011 remains unknown Posted: 06 Apr 2011 10:25 PM PDT After many changes in the dong/dollar exchange rate, petroleum and electricity prices, a question has been raised by analysts as to how the basic wage increase will affect the prices of goods and services which have climbed to high levels already. The government's regular meeting in March ended with the Prime Minister's conclusion that the [...]

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