Vietnam Business News

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• HCM City plans underground telecoms cable project
• Yahoo launches digital news-stand for browsers
• Kim Long Securities fails to make quorum
• Property service provider joins hands with China firm
• DongA Bank wins Viet Nam Strong Brand 2010 Award
• HSBC offers discounts for credit card holders
• Pepper prices perk up on increased demand
• Small firms urged to focus on IT
• Foreigners top phone market
• Businesses urged to exploit trade protection remedies

HCM City plans underground telecoms cable project Posted: 16 Apr 2011 06:44 AM PDT Military-run Telecom Corporation (Viettel) has submitted its investment project to run telecommunications cables underground in HCM City’s 29 routes. The plan has been put to the city’s Department of Information and Communications. Viettel pledges to set up an underground telecommunications cable system in Districts 3, 5, 6, 12, Tan Binh and Binh Tan. This system [...]

Yahoo launches digital news-stand for browsers Posted: 16 Apr 2011 06:44 AM PDT Yahoo this week launched its Livestand, a digital news-stand that continually offers new content to browsers based on their interests. Launching first for tablets, Livestand would enable publishers and advertisers to seamlessly distribute content across tablets and mobile phones, said Yahoo officials. The launch was made during its annual Asia-Pacific Client Summit in Ha Noi. [...]

Kim Long Securities fails to make quorum Posted: 16 Apr 2011 06:43 AM PDT Kim Long Securities Co failed to secure a quorum for its second general shareholders meeting yesterday. Only 28.55 per cent of shareholders attended, according to a source present at the meeting, while the Law on Securities requires a minimum quorum of 51 per cent. The firm, which recently stirred controversy for announcing last month its [...]

Property service provider joins hands with China firm Posted: 16 Apr 2011 06:43 AM PDT China’s Hopefluent Properties Group on Thursday signed a franchise contract with Compareal, a property services company in Viet Nam. Under the contract, Compareal will provide real estate services under the brandname of Hopefluent in Viet Nam, according to Compareal chairman Huynh Du An. His company will also employ the foreign partner’s business model and experience [...]

DongA Bank wins Viet Nam Strong Brand 2010 Award Posted: 16 Apr 2011 06:42 AM PDT The joint-stock DongA Bank has been granted the Viet Nam Strong Brand 2010 Award by the Trade Promotion Agency (Ministry of Industry and Trade) and the Vietnam Economic Times. The bank successfully completed its 2010′s key targets, which included a capital increase to VND4.5 trillion (US$220 million) and its asset growth to VND55.873 trillion. Last [...]

HSBC offers discounts for credit card holders Posted: 16 Apr 2011 06:42 AM PDT HSBC Bank (Viet Nam) Ltd (HSBC Viet Nam) is offering HSBC credit-card holders discounts of 30 to 50 per cent at hundreds of leading merchants across Ha Noi and HCM City. Its Red Weekend Promotion takes place on the third weekend each month.

Pepper prices perk up on increased demand Posted: 16 Apr 2011 06:41 AM PDT The price of pepper in the Central Highland provinces has surged to VND130 million (US$6,046) a tonne on the back of reduced output in India and Indonesia, higher world demand and the end of the growing season. In addition, many farmers and domestic traders were stock-piling pepper to speculate on the trend to higher prices [...]

Small firms urged to focus on IT Posted: 16 Apr 2011 06:41 AM PDT Vietnamese small- and medium-sized enterprises (SMEs) have not yet tapped into information technology (IT) to improve their business performance, despite their huge numbers and contribution to their respective country’s GDP, the Viet Nam Chamber of Commerce and Industry has said. VCCI’s recent report showed that IT usage among Vietnamese SMEs remains limited to using emails [...]

Foreigners top phone market Posted: 16 Apr 2011 06:40 AM PDT Foreign mobile phone giants such as Nokia and Samsung have been making positive moves in the Vietnamese market, while domestic companies have hesitated. Samsung recently announced that its Bac Giang-based factory had exported US$2 billion of goods since operations began in 2009, and it expected that figure to reach $3 billion this year. Foxconn has [...]

Businesses urged to exploit trade protection remedies Posted: 16 Apr 2011 06:40 AM PDT The local business community must develop expertise in trade protection remedies such as anti-dumping and anti-subsidy measures to prevent unfair competition from importers, experts said at workshops held in HCM City and Ha Noi this week. Prof Claudio Dordi said EU-Viet Nam anti-dumping cases were primarily caused by the fact that Viet Nam was classified [...]

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