Vietnam Business News

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• Export products from Vietnam gaining popularity
• Vietnamese goods making a mark in Southeast Asia
• Coffee prices skyrocket
• Japan offers good opportunity for Vietnam’s textile export
• Community role helps tourism development
• Farmers profit from large-scale rice field project
• Petrovietnam cuts down over 7tr dong investments
• Office rental price in Vietnam at leading high in the world
• New real estate trading floor opens
• More foreign investors licensed to trade

Export products from Vietnam gaining popularity Posted: 06 May 2011 10:51 PM PDT Export products from Vietnam are fast becoming more sought-after by global traders, especially agricultural, aqua and industrial products. In 2010, importers saw Vietnamese agricultural products holding the first and second positions in the world trade market. As much as 50 per cent of pepper consumed in the world comes from Vietnam. Vietnamese pepper exporters have [...]

Vietnamese goods making a mark in Southeast Asia Posted: 06 May 2011 10:51 PM PDT "Made in Vietnam" goods are beginning to give stiff competition to Thai and Chinese products across many Southeast Asian countries. Consumers are realising the quality of Vietnamese goods at trade and investment promotion conferences held in India, Myanmar and Cambodia. Vietnamese products exported to member countries of the Association of Southeast Asian Nations (ASEAN) have [...]

Coffee prices skyrocket Posted: 06 May 2011 10:50 PM PDT Coffee exports to major markets have surged between 1.5 to eight times year on year, pushing the input price of coffee beans in Vietnam to VND50 million (roughly $2,400) a tonne. A price of $2,500 for 2.5 per cent broken black coffee bean for export was reached at the national coffee bowl of the Central [...]

Japan offers good opportunity for Vietnam’s textile export Posted: 06 May 2011 10:49 PM PDT Japan became Vietnam 's second largest garment and textile export market in the first quarter of this year with total export turnover reaching $334 million, up 41 per cent over the same period last year. According to analysts, the rise in Vietnam 's export turnover to Japan is owing to Japanese importers' shift from China [...]

Community role helps tourism development Posted: 06 May 2011 10:49 PM PDT The Japan International Cooperation Agency (JICA) and Vietnam National Administration of Tourism on May 6 discussed measures to maximise Vietnam's values of culture and community to develop tourism. Ass. Prof. Doc. Pham Trung Luong, Deputy Head of the Vietnam Institute for Tourism Development Research said that it was necessary to link cultural development with community, [...]

Farmers profit from large-scale rice field project Posted: 06 May 2011 10:47 PM PDT Doan Van Ket in the Cuu Long (Mekong) Delta province of An Giang earned an unusually high profit of 88 million dong (US$4,100) from harvesting his 2.6ha of rice from the winter-spring rice crop after taking part in the Delta’s first rice-production model project. “This is the first time in my life I have got [...]

Petrovietnam cuts down over 7tr dong investments Posted: 06 May 2011 10:47 PM PDT During the first four months this year, Vietnam National Oil and Gas Group (PetroVietnam-PVN) has suspended and relaxed the tempo of 56 projects totaling more than 7.25 trillion dong. PetroVietnam's total revenue in Jan-Apr was 205 trillion dong, rising 49 percent over the same period last year. Of which, its revenue from oil sale reached [...]

Office rental price in Vietnam at leading high in the world Posted: 06 May 2011 10:46 PM PDT Amongst 100 big cities in the world, the office rental price in HCM City ranks at the 19th position and Hanoi at the 21st place, according to the annual report on global real estate market launched by Knight Frank Property Consultants Co. Knight Frank's global office rental price list by the end of 2010 showed [...]

New real estate trading floor opens Posted: 06 May 2011 10:46 PM PDT Binh Chanh Construction Investment Joint Stock Company (BCCI) on Wednesday launched the BCCI 2 real estate trading floor in District 1, HCM City. The newly established trading floor will provide trading, brokerage, valuation, consultation and property management services. In addition, it will also take care of legal procedures for properties which are invested in by [...]

More foreign investors licensed to trade Posted: 06 May 2011 10:45 PM PDT The Viet Nam Securities Depository Centre has granted securities trading codes to 80 new foreign investors in April. They include 19 institutes and 61 individuals. The centre has so far granted codes to 15,200 foreign investors to trade stocks in domestic markets, including 1,534 institutes and 13,666 individuals.  -VNS

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