Vietnam Business News

---

• Vietnamese consumers turn their back to Chinese motorbikes
• Home appliance market restructured after WonderBuy case
• Only 1% of Vietnamese enterprises do marketing via social networks
• Gold market warms up after SBV’s draft decree on gold bullion trade
• Vietnam’s Mekong Housing Bank sets IPO on July 20
• Vietnam June CPI eases to lowest level ytd of 1.09%
• Exports to US experience a boost
• Vietnamese tra fish now recognised globally
• ASEAN energy issues discussed
• Auto registration fees to rise soon

Vietnamese consumers turn their back to Chinese motorbikes Posted: 24 Jun 2011 01:32 AM PDT Chinese motorbikes, which once flooded Vietnamese market, have become unpopular though they are much cheaper than Vietnam made products. In the eyes of Vietnamese customers, Chinese motorbikes mean low quality and low cost products. The owner of a motorbike shop on Nguyen Luong Bang Street in Hanoi said that Chinese motorbikes have been selling very [...]

Home appliance market restructured after WonderBuy case Posted: 24 Jun 2011 01:31 AM PDT Suppliers have become more cautious when doing business with retailers after WonderBuy has filed for bankruptcy. Meanwhile, analysts have every reason to believe that after WonderBuy, some more names would also disappear from the market. Manufacturers and suppliers are now following the principle of "holding the handle of a knife" in making transactions with retailers, [...]

Only 1% of Vietnamese enterprises do marketing via social networks Posted: 24 Jun 2011 01:31 AM PDT While 54 percent of international companies use social networks as an effective marketing tool, only one percent of Vietnamese enterprises use this tool. 0.4 percent of enterprises use Facebook, while 0.07 percent use YouTube. 5000 Vietnamese enterprises use social networks The survey results were released at the workshop on social networks for marketing directors held [...]

Gold market warms up after SBV’s draft decree on gold bullion trade Posted: 24 Jun 2011 01:26 AM PDT The gold market has warmed up after the draft decree on gold bullion trade has opened for public opinions. However, worries have been raised that the new regulations would lead to the monopoly on the market. The final draft of the decree on bullion gold trade has been sent to ministries, enterprises and associations for [...]

Vietnam’s Mekong Housing Bank sets IPO on July 20 Posted: 23 Jun 2011 10:40 PM PDT Mekong Housing Bank (MHB), one of Vietnam’s five remaining wholly state-owned lenders, plans to raise at least 710.6 billion dong ($34.6 million) in its initial public offering next month, the country’s main stock exchange said. Ho Chi Minh City-based MHB is expected to auction nearly 64.6 million shares at a starting price of 11,000 dong [...]

Vietnam June CPI eases to lowest level ytd of 1.09% Posted: 23 Jun 2011 10:39 PM PDT Vietnam consumer price index (CPI) in June is estimated to slow down to 1.09%, lowest level year to date on month-on-month basis, yet still up 13.29% from end of 2010 and 20.82% on year, said the General Statistics Office in a preliminary report The biggest increase continued to be seen in restaurant and food services [...]

Exports to US experience a boost Posted: 23 Jun 2011 08:55 PM PDT Vietnam earned over $6.15 billionfrom exports of goods to the US in the first five months of the year, an increase of 22.5 per cent over the same period last year. In a freshly released report, the General Department of Vietnam Customs said that with this achievement, the US continued its role as Vietnam's largest [...]

Vietnamese tra fish now recognised globally Posted: 23 Jun 2011 08:54 PM PDT As many as 45 Vietnamese aquaculture facilities raising tra fish – which accounts for 95 per cent of the world market of white fish fillets – have been awarded the Global Good Agricultural Practice (GlobalGAP) certificate. The Vietnam Association of Seafood Exporters and Processors (VASEP) released the information recently, adding that another 18 fish farms [...]

ASEAN energy issues discussed Posted: 23 Jun 2011 08:51 PM PDT Measures to boost energy co-operation among regional countries were discussed at the 27th meeting of the Heads of ASEAN Power Utilities/Authorities (HAPUA) in Da Nang yesterday. Senior officials decided on important strategy issues among ASEAN member countries, transferred the chairmanship of the HAPUA Council to Viet Nam and made Brunei deputy chair of the organisation. [...]

Auto registration fees to rise soon Posted: 23 Jun 2011 08:51 PM PDT The Government has approved a proposal to increase the ownership registration fee for cars by 5 percentage points. Effective in September, the maximum registration fee for passenger cars with fewer than 10 seats will increase from 15 per cent (depending on locality) to 20 per cent of the vehicle’s value, while the fee for larger [...]

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