Vietnam Business News

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• Hanoi to have Vietnam’s largest tourism pier
• Vietnam’s inflation expected to peak at 18.6 pct in Q3
• $20 million British University Vietnam placed in Ecopark
• Ireland seeks trade cooperation with Vietnam
• Viettel dials for success in Argentine market
• Vietnam’s export turnover for cashew nut reaches nearly $300m
• May’s first trading week: interbank US dollar interest rate up 1pct for 6-month term
• May 13: VN index undercuts 480 on thin trade
• Ministries cross paths on sugar policy

Hanoi to have Vietnam’s largest tourism pier Posted: 13 May 2011 09:29 AM PDT Hanoi will build a pier in West Lake in July to gather all the floating houses and boats here, vice president of Hanoi’s Tay Ho (West Lake) district, Thai Van Ha (in charge of construction sector), told with VTC News recently. As planned, the pier with a floor area of 3,000 square metres and 1.5 [...]

Vietnam’s inflation expected to peak at 18.6 pct in Q3 Posted: 13 May 2011 09:26 AM PDT Vietnam’s inflation will peak at around 18 to 18.6 percent at the third quarter of 2011 and then decline slowly, said Ray Ferguson, director of Standard Chartered in Singapore and Southeast. Ray Ferguson said that in early 2011, Standard Chartered Bank forecasts Vietnam’s economic growth at 7.2 percent in 2011. However, recently, when the monetary [...]

$20 million British University Vietnam placed in Ecopark Posted: 13 May 2011 09:23 AM PDT EcoparkTownship – one of the eco urban area in northern Hung Yen province, has been chosen the venue for British University Vietnam. Under the memorandum of understanding (MOU) which was signed on May 12 at the project's site, British University Vietnam (BUV) shall lease a 5.5 ha portion of land in Ecopark for the purpose [...]

Ireland seeks trade cooperation with Vietnam Posted: 13 May 2011 09:23 AM PDT The Embassy of Ireland and European Chamber of Commerce in Vietnam held a seminar entitled "Irish Businesses – Southeast Asia" in Ho Chi Minh on May 13. With the twin themes of "Ireland: Lessons Learned and The Road to Recovery" and "Doing Business in Southeast Asia", the event introduced Ireland's stable socio-economic situation, highly skilled [...]

Viettel dials for success in Argentine market Posted: 13 May 2011 09:22 AM PDT The Vietnamese military-run telecom group, Viettel, is poised to exploit the Argentine broadband telecommunications market. Viettel Deputy General Director Nguyen Manh Hung revealed this ambition at his meeting with Argentine Secretary of Communications, Carlos Lisandro Salas, in Buenos Aires on May 12. Hung highlighted the business strategies that have made Viettel Vietnam 's largest telecom [...]

Vietnam’s export turnover for cashew nut reaches nearly $300m Posted: 13 May 2011 08:12 AM PDT From earlier this year so far, Vietnam has exported about 42,000 tons of cashew nut, earning an export turnover of nearly $300 million, down 8 percent in volume but up 24.2 percent in value from the same period last year, according to the Vietnam Cashew Association (Vinacas). In April alone, the country exported over 13,000 [...]

May’s first trading week: interbank US dollar interest rate up 1pct for 6-month term Posted: 13 May 2011 08:11 AM PDT During the first trading week of May (between May 4 and 6), the interbank overnight lending rate dropped to 13 percent per year but it increased by 0.03-0.6 percent per year for terms of from one week to three months. The State Bank of Vietnam (SBV) has recently reported the banking operations during the week [...]

May 13: VN index undercuts 480 on thin trade Posted: 13 May 2011 08:09 AM PDT Vietnam's stocks continued to post loss and liquidity shrank as new cash flows are low on credit crunch. The benchmark VN Index lost 2.47 points or 0.51% to 479.67. Volume fell to 18.2 million shares changing hands for VND403.71 billion compared with 22 million shares changing hands for VND530 billion on Thursday, partly due to [...]

Ministries cross paths on sugar policy Posted: 13 May 2011 08:08 AM PDT Whilst the Ministry of Agriculture and Rural Development (MoARD) is striving to push the sale of domestic sugar, the Ministry of Industry and Trade (MoIT) insists on importing sugar. While MoARD wants to protect local sugar refineries and farmers, MoIT has been supporting food processing companies and customers that prefer foreign made sugar. According to [...]

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