Vietnam Business News

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• Coffee exports percolate in first half
• Fund managers fail to push up net asset values
• Industrial parks, zones urged to focus on hi-tech
• 48 domestic power plants sign up to VN’s competitive energy market
• GSO predicts CPI rise of 2.5-3.9% in H2
• Business slows as credit squeeze continues
• Prime Minister lauds joint VN-Japan initiative
• Viet Nam needs to curb inflation: PM
• Plans to boost property market
• EVNI speeds up power projects in Cambodia, Laos

Coffee exports percolate in first half Posted: 01 Jul 2011 09:50 PM PDT The country’s energised coffee sector enjoyed significant growth to most export markets in the first six months of the year. Belgium, the second largest consumer of Vietnamese coffee after the US, for example imported US$178.5 million worth of coffee, marking a six-fold increase over the same period last year. During the first half of the [...]

Fund managers fail to push up net asset values Posted: 01 Jul 2011 09:49 PM PDT Analysts had predicted last month that share prices would increase as June 30 approached and fund management companies pushed to increase the net asset value of their portfolios. In the end, the prognostications failed to materialise. Gains or losses in the net asset value (NAV) of a fund is taken as a basis for evaluating [...]

Industrial parks, zones urged to focus on hi-tech Posted: 01 Jul 2011 09:47 PM PDT Export processing zones and industrial parks in HCM City should give priority to companies that are environmentally friendly, use high technology, offer high value-added products and services, and are not labour-intensive, according to Le Thanh Hai, Secretary of the municipal Party Committee. “Although EPZs and IPs have played an important role in attracting investment, most [...]

48 domestic power plants sign up to VN’s competitive energy market Posted: 01 Jul 2011 09:46 PM PDT Viet Nam’s competitive energy market (CEM) was launched in Ha Noi yesterday, with 48 of the country’s 73 power plants with a capacity of more than 30MW already signed up to take part. Speaking at the launch ceremony, Deputy Minister of Industry and Trade Hoang Quoc Vuong said CEM was expected to create an equal [...]

GSO predicts CPI rise of 2.5-3.9% in H2 Posted: 01 Jul 2011 09:46 PM PDT The General Statistics Office (GSO) predicts the consumer price index (CPI) will increase by roughly 2.5-3.9 per cent in the second half of the year, lifting the whole year’s figure to about 17 per cent. Nguyen Duc Thang, director of the GSO’s Pricing Statistics Department, said that the CPI rise in H2 this year would [...]

Business slows as credit squeeze continues Posted: 01 Jul 2011 09:45 PM PDT Businesses should try to save on production costs to cope with rising inflation and other economic difficulties, several economists said at a seminar in HCM City on Tuesday. Le Xuan Ba, head of the Central Institute for Economic Management, said the Government’s policies on inflation and credit tightening were seriously affecting businesses. Commercial banks have [...]

Prime Minister lauds joint VN-Japan initiative Posted: 01 Jul 2011 09:44 PM PDT Prime Minister Nguyen Tan Dung has lauded Japan’s commitment to help Viet Nam with customs technology, public-private partnership, and support industry, human resource and green development. The latest Japanese commitments to Vietnamese development are part of a joint initiative for which an action plan was signed yesterday following a meeting of the Joint Committee of [...]

Viet Nam needs to curb inflation: PM Posted: 01 Jul 2011 09:44 PM PDT Prime Minister Nguyen Tan Dung yesterday stressed the need for the country to curb inflation, stabilise the macro-economy and ensure social welfare for the next six months. He made the statement during an online conference with ministries and localities to discuss implementation of the Government’s major solutions for the rest of this year. Reports from [...]

Plans to boost property market Posted: 01 Jul 2011 09:43 PM PDT The Ministry of Construction has submitted several proposals to the State Bank of Viet Nam that aim at creating favourable conditions for the domestic real estate market. In its petition, the ministry said the credit-tightening policy had seriously affected the domestic real estate market, and many projects had not been developed because of capital shortage. [...]

EVNI speeds up power projects in Cambodia, Laos Posted: 01 Jul 2011 09:41 PM PDT The EVN International Joint Stock Company (EVNI) is speeding up its investment in hydroelectric power projects in Cambodia and Laos. The projects include the Ha Se San 2 hydroelectric power project in Se San district of Cambodia's Stung Treng province, which has been approved by the Government of Cambodia and will be carried out under [...]

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