Vietnam Business News

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• EU imports more pineapples from Vietnam
• HCMC to offer more river tours
• Dirt cheap prices cause loss to vegetable growers
• VIR’s Vietnam M&A Forum 2011 taking shape
• Export companies with backs against wall
• Vietcombank needs exceptional approval to list 1.6bln shares
• Vietnam has great potential for long-term development
• Vietnam’s coffee export estimated to reach $1.5b in Jan-Apr
• HCM City cuts construction investment projects
• Hanoi to spend nearly 630b dong on building three overpasses

EU imports more pineapples from Vietnam Posted: 19 May 2011 12:52 AM PDT The European Union market's rising demand for canned pineapples has spurred Vietnam's export of the fruit, with total outbound sales in April reaching a record high of US$1,300 per ton. The nation's export of the fruit is forecast to continue to climb in the second quarter. The strong demand, particularly of the Netherlands, makes the [...]

HCMC to offer more river tours Posted: 19 May 2011 12:51 AM PDT Ho Chi Minh City would develop more river tours revolving around popular Can Gio District this year, said the city's Department of Culture, Sport and Tourism. The new tours will all depart from Bach Dang Port then follow two different routes: Can Thanh Town – Sac Forest Base – Dan Xay Bridge; and Tam Thon [...]

Dirt cheap prices cause loss to vegetable growers Posted: 19 May 2011 12:51 AM PDT Since March, vegetable farmers in the Central Highlands province of Lam Dong have been suffering great losses as vegetable prices have gone down by as much as 70 percent. Tomatoes are now being sold to traders at VND1,000/kg, down by 50 percent compared to March. The same is true for green beans and chayote. Le [...]

VIR’s Vietnam M&A Forum 2011 taking shape Posted: 19 May 2011 12:50 AM PDT VIR and AVM Vietnam today officially declared the agendas for Vietnam M&A Forum 2011. The event will be held on June 9 in Ho Chi Minh City's White Palace Venue. It is the third year Vietnam M&A Forum has been organised in Vietnam, becoming a key channel for investors to seek acquisition and merger opportunities [...]

Export companies with backs against wall Posted: 19 May 2011 12:50 AM PDT Production and export firms are in dire straits amid high lending rates. The government issued Resolution 11/NQ-CP dated March 1, 2011 presenting measures to stabilise the macroeconomy and bridle inflation on the back of economic vulnerabilities. Alongside credit tightening policies, the government urged banks to prioritise lending to production and export areas. Responsive to the [...]

Vietcombank needs exceptional approval to list 1.6bln shares Posted: 19 May 2011 12:47 AM PDT If Vietcombank could not sell shares to strategic partners before listing 1.6 billion shares, the lender must seek exceptional approval from market regulator to do so. If Vietcombank could not sell shares to strategic partners before listing 1.6 billion shares, the lender must seek exceptional approval from market regulator to do so, the online newspaper [...]

Vietnam has great potential for long-term development Posted: 19 May 2011 12:47 AM PDT The New York based Seeking Alpha website on May 18 posted an article saying that there are many opportunities to invest in Vietnam. The website noted that GDP growth has remained relatively robust over the years. The 2008 commodity bull market spurred a similar course of events, but even with the global recession, annual GDP [...]

Vietnam’s coffee export estimated to reach $1.5b in Jan-Apr Posted: 18 May 2011 08:23 PM PDT Vietnam earned $1.5 billion from coffee export during the first four months of this year, jumping 128.9 percent against the same period of 2010, according to data of General Department of Customs. However, the volume of exported coffee only grew 47.5 percent year on year to 698,318 tons, higher than $1.39 billion and $650,000 tons [...]

HCM City cuts construction investment projects Posted: 18 May 2011 08:23 PM PDT HCM City municipal government has controlled closely its budgetary spending for basic construction investment and focused capital on transitional projects, major works for targeted completion within 2011 under the government's Resolution No 11/NQ-CP. In first phase, the city checked the usage and withdrawal of advanced capital of ground clearance compensation units with total advanced and [...]

Hanoi to spend nearly 630b dong on building three overpasses Posted: 18 May 2011 08:21 PM PDT These flyovers will be built at three traffic intersections of Lang Ha-Thai Ha, Le Van Luong-Lang Street, and Chua Boc-Tay Son. Hanoi People’s Committee has written terms approved a layout plan to invest in three urgent transportation projects invested by the Hanoi Department of Transportation. The project to build overpass at Le Van Luong-Lang Street [...]

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