Vietnam Business News
Vietnam Business News |
- VN, France to sign grant agreements in May
- Vietnam firm launches e-wallet WebMoney
- Petrolimex reduces 2011 target
- Dollar cash flowing to commercial banks
- Realty market almost reaches freezing point
- Exchange rate projected to stabilize in rest of year
- High CPI increase in April makes interest rate decreases impossible
- Hanoi to host int’l telecom conference 2011
- FTA labour issues discussed
- Gold mobilisation and lending stops by May Day
VN, France to sign grant agreements in May Posted: 30 Apr 2011 09:12 AM PDT The Vietnamese Ministry of Planning and Investment and the French Development Agency (AFD) will sign two grant agreements to finance technical assistance for Vietnam 's medical sector and preparatory works for the next generation of AFD's financing in the country. The 1 million EUR and 1.5 million EUR agreements will be inked by Minister of [...] |
Vietnam firm launches e-wallet WebMoney Posted: 30 Apr 2011 09:10 AM PDT Vietnam Online Trading Services Joint Stock Co. (VNO) on Thursday introduced e-wallet WebMoney Vietnam (WMV) to help customers access online payment services globally. The product allows customers to pay electricity and telephone bills, do the online shopping and transfer money. Customers can also use the product to withdraw money at banks associated with VNO or [...] |
Petrolimex reduces 2011 target Posted: 30 Apr 2011 09:03 AM PDT Petrolimex Corporation (PLC) has approved business plans in 2011, with VND5.15 trillion (US$245.2 million) in revenue and VND241 billion ($11.4 million) in pre-tax profit, both down 0.9 per cent against last year’s figures. Dividends will be paid by shares at a rate of 15 per cent, compared to 25 per cent in 2010. “Cash dividends [...] |
Dollar cash flowing to commercial banks Posted: 30 Apr 2011 09:02 AM PDT A surprising thing is occurring on the foreign currency market: dollars keep flowing into commercial banks. Meanwhile, in the past, banks never successfully persuaded people to sell dollars to them. The dollar price has been decreasing. The downward trend in the dollar price began earlier this week and lasted all week. The dong/dollar exchange rate [...] |
Realty market almost reaches freezing point Posted: 30 Apr 2011 09:01 AM PDT The property market, especially the residential segment, has almost touched the freezing point, with most high-profile developers holding a downbeat view on 2011 and having revised down their business targets for the year. Several major realty developers in their business reports presented to shareholders this week said the outlook was somber, and they had to [...] |
Exchange rate projected to stabilize in rest of year Posted: 30 Apr 2011 08:58 AM PDT Vietnam's National Financial Supervisory Committee (NFSC) has forecast the exchange rate between the U.S. dollar and the Vietnamese dong will change little in the rest of the year, said Le Xuan Nghia, vice chairman of the committee. Nghia said that the forecast was based on U.S. inflation and exchange rate with other currencies. Vietnam's inflation [...] |
High CPI increase in April makes interest rate decreases impossible Posted: 30 Apr 2011 08:57 AM PDT Finance and banking experts believe that with the measures to stabilize the foreign currency market, the dong/dollar exchange rate would be stabilized in the upcoming months. However, the dong interest rate would not decrease right now, because of the high consumer price index (CPI) increase in April. The CPI reportedly increased sharply by 3.32 percent [...] |
Hanoi to host int’l telecom conference 2011 Posted: 30 Apr 2011 08:52 AM PDT The fourth Vietnam International Telecommunications Conference 2011 will be held in Hanoi on June 1-2, with a view to developing broadband connection in Vietnam. Organised by the Ministry of Information and Communications, the event is expected to draw almost 200 delegates from foreign and domestic IT and telecom businesses, especially with the participation of two [...] |
Posted: 30 Apr 2011 08:52 AM PDT A seminar entitled, "The labour issue in free trade agreements (FTAs) – international experience – opportunities and challenges for Vietnam" was held in Hanoi on April 29. Co-organised by the Ministry of Labour, Invalids and Social Affairs (MoLISA) and the International Labour Organisation (ILO) Office in Vietnam, this first-ever event of its kind took place [...] |
Gold mobilisation and lending stops by May Day Posted: 30 Apr 2011 08:51 AM PDT The State Bank of Vietnam (SBV) released circular No.11 on April 29 to stop credit institutions mobilising and lending by gold. According to the circular, they will not be allowed to lend gold to customers and other credit institutions even if the credit contract has already been signed and not totally disbursed. They are also [...] |
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