Vietnam Business News

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• Vietnam’s jeans exports rise sharply
• Dollar, gold lose investment advantages: Experts
• Life insurance sector posts satisfactory growth
• Truong Hai beyond Toyota to lead auto market in Mar
• Vietnam the most affordable destination for Australian tourists
• SBV forex reserve requirement increase pressures on lending rates
• Yahoo set to push Vietnam market
• VNPT disallowed to own both mobile networks
• Land contract for Vietnam’s power plant in Laos signed
• Sale of apartments soars by 70 percent

Vietnam’s jeans exports rise sharply Posted: 12 Apr 2011 11:56 PM PDT Vietnam's exports of jean trousers in the first quarter of this year increased by 31.5 per cent in volume to 1.3 million pairs and 25.5 per cent in value to $7.92 million compared with the same period last year. The US market accounted for the major part of Vietnam's jeans exports, buying 939,800 pairs, up [...]

Dollar, gold lose investment advantages: Experts Posted: 12 Apr 2011 11:55 PM PDT The Vietnamese government's determination to carry out measures under Resolution 11 have begun to have a major impact on real estate and financial markets, Nguoi lao Dong (The Labourer) local newspaper cited experts as saying at a workshop on real estate – finance market in 2011 held in Hanoi on April 9. According to experts [...]

Life insurance sector posts satisfactory growth Posted: 12 Apr 2011 11:55 PM PDT Regardless of difficulties from the economy in general, life insurance companies have still posted satisfactory growth during the first months this year. The Insurance Supervisory Department under the Ministry of Finance said that the total premium of insurers in Jan‐Feb, 2011 reached about 1.949 trillion dong, up 16.2 percent against the same period last year, [...]

Truong Hai beyond Toyota to lead auto market in Mar Posted: 12 Apr 2011 11:54 PM PDT Truong Hai Auto Joint Stock Co exceeded Toyota to lead the auto market in March with a total sale of 3,085 units, accounting for 32.4 percent of the market share while the figure in February was 23.8 percent. Meanwhile, the total consumption of Toyota in March 2011 was 2,357 units. The market share of Toyota [...]

Vietnam the most affordable destination for Australian tourists Posted: 12 Apr 2011 11:54 PM PDT ASIA has overtaken Europe as the new hotspot for Australian travellers seeking a bang for their buck, a study has revealed. Vietnam rocketed to the top of the latest Expedia HiFX Foreign Exchange Index, which measures currency fluctuations against the Australian dollar to find the best-value destinations for travellers. The dollar appreciated by more than [...]

SBV forex reserve requirement increase pressures on lending rates Posted: 12 Apr 2011 11:53 PM PDT The move to increase the foreign currency compulsory reserves by the State Bank of Vietnam (SBV) will help to stabilise the VND/USD exchange rate and increase Vietnam's forex reserves, but will put pressure on lending interest rates. On April 9, the State Bank (SBV) issued a decision to raise reserve requirement in foreign currency by [...]

Yahoo set to push Vietnam market Posted: 12 Apr 2011 09:10 PM PDT Yahoo has seen great potential in the Vietnamese market and will pull out all the stops to promote activities here, said Rose Tsou, senior vice president of Yahoo in Asia Pacific. Speaking at a summit conference on marketing in Hanoi, Tsou said Yahoo highly appreciated the Vietnamese market due to high growth rates of Internet [...]

VNPT disallowed to own both mobile networks Posted: 12 Apr 2011 09:10 PM PDT Pursuant to Decree No 25/2011/ND-CP, Vietnam Post and Telecommunication Group (VNPT), who owns whole capital of two large mobile networks of VinaPhone and MobiFone, may be forced to sell one of two networks or merge two into one. Chapter 2 Clause 3 of the decree, which will be effective from June 1, 2011 to guide [...]

Land contract for Vietnam’s power plant in Laos signed Posted: 12 Apr 2011 09:09 PM PDT The Vietnamese developer of the Sekaman 1 hydro-power plant in Laos signed with the Lao authorities in Vientiane on April 7. The contract, inked by Director of the Sekaman 1 Electricity Company Nguyen Xuan Hien and Minister-Deputy Chairman of the Lao Land Management Committee Ounl Lasonkang, has a duration of 30 years. Construction of the [...]

Sale of apartments soars by 70 percent Posted: 12 Apr 2011 09:09 PM PDT Sales of apartments, villas and townhouses were up in the first quarter of this year, according to experts. Savills Vietnam , at the launch of its quarterly report in Hanoi this week, said that apartments had good sales, with about 70 percent of stock being sold, despite a doubling in available property compared with the [...]

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