Vietnam Business News

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• City realty conference puts spotlight on entertainment projects
• Dragon fruit growers decry hiccup trade with China
• Hanoi hosts Asia-Pacific Telecommunity conference
• Conference seeks to clarify mining industry
• Vietnam borrows $80m from ADB for northern mountainous traffic development
• Plan to sell government guest house raises concern
• Credit Suisse once more time helps Vietcombank find strategic shareholder
• Enterprises should be prudential in getting loans
• Caution needed if reserve ratio is to be raised: experts
• Vietnam’s April trade gap hits 16-month high

City realty conference puts spotlight on entertainment projects Posted: 17 May 2011 09:40 PM PDT The 2011 Vietnam International Real Estate Connection workshop, set for May 20 in Ho Chi Minh City, will focus on investment into entertainment, the organizers said. The full-day conference will take place at the Rex Hotel with the theme "Modern Entertainment Investment Inspires the Next Development," said Ms. Nguyen Xuan Tra Mi, general director of [...]

Dragon fruit growers decry hiccup trade with China Posted: 17 May 2011 09:12 PM PDT   Dragon fruit growers in Binh Thuan Province are grappling with a bumper crop after prices tumble by up to 70 percent compared to the previous week as Chinese traders suddenly refrain from buying the farm produce. Farmers in the province now sell their crop for a mere 7,000 dong a kilo compared to 20,000 [...]

Hanoi hosts Asia-Pacific Telecommunity conference Posted: 17 May 2011 09:10 PM PDT The Vietnam Ministry of Information and Communications is hosting the Policy and Regulatory Forum (PRG) organized by the Asia-Pacific Telecommunity (APT) in Hanoi from May 17-19. The annual forum, attended by senior level personnel from ministries and regulatory agencies, will address key policy and regulatory issues related to the Asia-Pacific region and update APT members [...]

Conference seeks to clarify mining industry Posted: 17 May 2011 09:09 PM PDT Domestic and international experience in strengthening transparency and preventing corruption in the Vietnamese mining industry were discussed at a round-table conference in Hanoi from May 16-17. The conference, co-organised by the Government Inspectorate and the Swedish Embassy in preparation for the 9 th Corruption Prevention Dialogue, said that in the recent three years, although provinces [...]

Vietnam borrows $80m from ADB for northern mountainous traffic development Posted: 17 May 2011 09:08 PM PDT The project includes two phases with $109.6 million for the first stage, of which, Vietnam will borrow $80 million from Asian Development Bank (ADB). The prime minister recently approved the list of traffic projects in the northern mountainous provinces to access ADB loans whereby provinces join the project including Cao Bang, Bac Kan, Ha Giang, [...]

Plan to sell government guest house raises concern Posted: 17 May 2011 09:07 PM PDT The Ministry of Finance's decision to allow the Ministry of Foreign Affairs to auction off the Government Guest House in Ho Chi Minh City to raise funds for other projects is making local residents and architects worry. Under the plan, the HCMC People's Committee will soon decide a starting price for investors to bid for [...]

Credit Suisse once more time helps Vietcombank find strategic shareholder Posted: 17 May 2011 09:06 PM PDT A source from Vietcombank said that Credit Suisse was appointed to be the consultant for Vietcombank's 20 percent stake sale to a foreign strategic shareholder. A senior official of Vietcombank did not reveal any further detail on the sale plan. Currently, the State Bank of Vietnam (SBV) still holds more than 90 percent stocks at [...]

Enterprises should be prudential in getting loans Posted: 17 May 2011 09:06 PM PDT The lending market early week has witnessed a boom in which interest rates are climbing quickly despite law of demand and supply. An array of commercial banks have adjusted lending rate for individuals from 18-20 percent a year to common 21-23 percent a year, even some banks pushed loan rates to 25 percent a year. [...]

Caution needed if reserve ratio is to be raised: experts Posted: 17 May 2011 09:06 PM PDT Experts have preemptively suggested the central bank take a cautious approach towards raising the required reserve ratio for Vietnam dong at banks as part of the monetary tightening policy, saying the inflationary pressure is no longer at the high pitch to require such a tough stance. The warning from experts is seen a response to [...]

Vietnam’s April trade gap hits 16-month high Posted: 17 May 2011 09:05 PM PDT Vietnam's trade gap in April was reported at $1.493 billion, marking the highest level during 16 recent months, according to the official figures from the General Department of Vietnam Customs. In particular, the country's export turnover in April slipped slightly from the previous month to reach nearly $7.44 billion. However, the country's import spending saw [...]

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