Vietnam Business News

---

• Livestock farms accused of price collusion
• Tight regulations on withdrawing listing required, experts ask
• SOEs urged to shift equitisation model
• Site clearance starts for Ke Ga deepwater port
• Vietnam gold falls 100,000 dong to 37.8m dong/tael
• Vietinbank funds over 2.2tr dong for Lao Cai steel project
• International investors believe more in Vietnam, World Bank says
• Bilateral US trade up by nearly 25%
• Gas-cylinder fraud becomes rampant
• Khang Dien begins HCM City villa project

Livestock farms accused of price collusion Posted: 13 Jun 2011 09:38 PM PDT The latest increase in livestock prices in the domestic market, which has surprised both traders and consumers, is being blamed on price manipulation by big breeding companies. Lending strength to the suspicion of price manipulation is the fact that the surge has come during the low season, but several retailers say demand and supply factors [...]

Tight regulations on withdrawing listing required, experts ask Posted: 13 Jun 2011 09:35 PM PDT Two listed firms' requests of withdrawing from the stock market – the first ever in Vietnam – have triggered fears of financial experts that without tight regulations by the market watchdog, the request would cause heavy losses to shareholders. Two subsidiaries of the Saigon Invest Group, including telecommunication firm Saigontel and Saigon-Quy Nhon Mining Corp, [...]

SOEs urged to shift equitisation model Posted: 13 Jun 2011 09:34 PM PDT The model for equitising State-owned enterprises needs to be renewed, says Viet Nam Association of Financial Investors (VAFI) general secretary Nguyen Hoang Hai. “The Viet Nam Steel Corporation, in its recent initial public offer, went the right way by equitising the entire corporation,” Hai said. Many other State-owned enterprises, he said, have equitised their member [...]

Site clearance starts for Ke Ga deepwater port Posted: 13 Jun 2011 09:33 PM PDT Prime Minister Nguyen Tan Dung has allowed the south central province of Binh Thuan to start site clearance for the construction of Ke Ga Port. The PM called on provincial authorities to clearly define how much land it would need for the successful and efficient completion of the project. With investment from the Viet Nam [...]

Vietnam gold falls 100,000 dong to 37.8m dong/tael Posted: 13 Jun 2011 09:33 PM PDT Following the fluctuation of global market, domestic gold went back to 37.7 million dong per tael. In morning early on June 13, SJC gold in Hanoi was listed at 37.78 million-37.86 million dong per tael (purchase-selling). At 4pm, SJC gold fell 50,000 dong to 37.73 million-37.81 million dong/tael in Hanoi while the kind of gold [...]

Vietinbank funds over 2.2tr dong for Lao Cai steel project Posted: 13 Jun 2011 09:32 PM PDT Vietinbank-Lao Cai Branch on June 13 signed a credit agreement with Viet Trung Mineral and Metal Refining Co to provide credit for Lao Cai steel project. The project is estimated to cost 2.242 trillion dong. The first phase has a designed capacity of 500,000 tons of steel billet a year and total investment capital of [...]

International investors believe more in Vietnam, World Bank says Posted: 13 Jun 2011 09:29 PM PDT The lending rate Vietnam has to pay on the internal bonds has fallen, showing that foreign investors believe more in Vietnam's market, Vitoria KwaKwa-Country Director of World Bank in Vietnam told the press in the lobby of Consulting Group meeting held in Ha Tinh province. In her assessment, from the government's Resolution 11 taking effect, [...]

Bilateral US trade up by nearly 25% Posted: 13 Jun 2011 09:28 PM PDT Trade between Viet Nam and the US totalled nearly US$6.5 billion in the first four months. Both sides increased shipments by around a fourth over the same period last year. Viet Nam’s exports accounted for $5.05 billion, with the top five items all seeing increase in value. Textile exports rose to nearly $2 billion (a [...]

Gas-cylinder fraud becomes rampant Posted: 13 Jun 2011 09:28 PM PDT Dozens of cases of illegal gas trading uncovered in recent months in HCM City have been caused by authorities’ poor management, industry insiders said. A preliminary estimate by the Southern Gas Association showed that city authorities fined dozens of illegal gas traders from February 20 to May 20, seizing thousands of gas tanks with fake [...]

Khang Dien begins HCM City villa project Posted: 13 Jun 2011 09:27 PM PDT Khang Dien House Trading and Investment Joint Stock Company has launched on Saturday the Goldora Villa ecological project in HCM City’s District 9 despite the challenging economic situation. The project will consist of 81 detached villas and 38 semi-detached villas. Apart from modern facilities, a gymnasium, and green spaces, it will also have a one-ha [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610