Vietnam Business News

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• R&D key to future business success
• Foreign banks asked to limit 2011 credit growth
• MB receives reputable awards
• Vietnam bond yields surge to 12-month high on inflation concern
• Milk included in price stabilisation programme
• Vietnam exports to South Korea continue to rise
• Moody’s: negative outlook on Vietnam reflects uncertainty
• April 20: VN Index rebounds, blue chips lead
• Vietnam, China boost economic cooperation
• Association to help young people start their careers

R&D key to future business success Posted: 19 Apr 2011 11:38 PM PDT Research and Development (R&D) has become familiar to all businesses, especially businesses in the field of information technology. Research and development and business management activities have a direct influence on business growth and sustainable development. Therefore R&D is considered a key method in enhancing business competitiveness. Through government assistance, Vietnamese businesses in the field of [...]

Foreign banks asked to limit 2011 credit growth Posted: 19 Apr 2011 11:36 PM PDT The State Bank of Vietnam has issued a dispatch asking foreign banks to obey the cap on 2011 credit growth which has been applied to local institutions. Foreign-owned banks and foreign bank branches must make plans to confine their 2011 credit growth to less than 20% compared with late last year, with the exchange rate [...]

MB receives reputable awards Posted: 19 Apr 2011 11:36 PM PDT Recently, the Military Commercial Joint Stock Bank (MB) received two reputable awards: Top 200 companies with products winning consumer trust, and Vietnam Strong Brand 2010. The top 200 companies with products winning consumer trust were selected by Vietnam Economic Times readers from brands and products of different sectors announced on the website of the awards [...]

Vietnam bond yields surge to 12-month high on inflation concern Posted: 19 Apr 2011 11:35 PM PDT Vietnam's five-year bonds dropped, pushing yields to more than a 12-month high, on concern inflation accelerated in April. The dong gained. Consumer prices increased 13.9 percent in March from a year earlier, the most since February 2009, official figures show. The General Statistics Office is due to report the April numbers next week. The yield [...]

Milk included in price stabilisation programme Posted: 19 Apr 2011 11:34 PM PDT The HCM City People’s Committee has added two brands of powdered milk produced by Vinamilk to its price-stabilised essential goods. The price of Dielac Alpha for children under 12 months old and Dielac Canxi for older people will be unchanged from now until December 31, according to Bui Thi Thanh Huong, head of Vinamilk’s External [...]

Vietnam exports to South Korea continue to rise Posted: 19 Apr 2011 11:33 PM PDT Vietnam's exports to South Korea in the first quarter surged 121 percent year on year to US$1.17 billion, as exporters continued to take advantage of the low and zero tariffs under the 2007 ASEAN-Korea Free Trade Agreement. Textile, footwear, wooden furniture, confectionery, coffee, and seafood were the top items as exports rose in terms of [...]

Moody’s: negative outlook on Vietnam reflects uncertainty Posted: 19 Apr 2011 11:33 PM PDT Moody’s Investors Service Inc. said Wednesday its negative outlook on Vietnam reflects balance of payments uncertainty. Moody’s Investors Service Inc. said Wednesday its negative outlook on Vietnam reflects balance of payments uncertainty, with any change contingent on recent tightening measures arresting inflationary pressures and containing the volatile exchange rate. The ratings agency also warned, however, [...]

April 20: VN Index rebounds, blue chips lead Posted: 19 Apr 2011 11:32 PM PDT Vietnam's stocks rebounded today with support from blue chips and foreign buying after hitting multi-month key support at 455 yesterday, market gave muted response to CPI data. The benchmark VN Index gained 4.76 points or 1.04% to 458.5. Volume continued to fall to 21.04 million shares traded for VND453.65 billion of which 4.5 million shares [...]

Vietnam, China boost economic cooperation Posted: 19 Apr 2011 11:31 PM PDT Vietnam and China have discussed aid for Vietnam as well as future bilateral and multilateral economic and trade cooperation. At the seventh session of the Vietnam-China Committee for Economic and Trade Cooperation in Hanoi on April 19, the two sides informed each other of the development of trade cooperation since the sixth session. They noted [...]

Association to help young people start their careers Posted: 19 Apr 2011 11:31 PM PDT The Prime Minister has agreed to let the Vietnam Young Entrepreneurs Association (VYEA) build a talent fund to assist young entrepreneurs and people in starting their careers. The Government Office said on April 19 that PM Nguyen Tan Dung has assigned the VYEA to cooperate with the Ministry of Planning and Investment and related ministries [...]

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