Vietnam Business News

---

• Vietsovpetro’s founding anniversary marked in Russia
• Vietnam joins ASEAN-Japan dialogue
• Eighth mobile network may be started in Aug
• About 1,700 MW added into national grid in H1
• Hepza attracts $7.7b investment capital
• Samsung Group’s investment good signal for FDI
• Made-in-Vietnam steel on danger of anti-dumping investigation
• Ministry concerned over trade surplus of FIEs
• Gold stands near VND37.9 million
• OMO rate cut absolutely normal

Vietsovpetro’s founding anniversary marked in Russia Posted: 08 Jul 2011 10:37 PM PDT A ceremony to mark the 30th founding anniversary of the Vietnam-Russia Oil and Gas Joint Stock Company (Vietsovpetro) was held in Moscow on July 7. Attending the ceremony were Vietnamese Ambassador to Russia Pham Xuan Son, Chief Representative of the Vietnam National Oil and Gas Group (PetroVietnam) in Russia and the Commonwealth of Independent States [...]

Vietnam joins ASEAN-Japan dialogue Posted: 08 Jul 2011 10:37 PM PDT A Vietnamese delegation led by Deputy Minister of Industry and Trade Nguyen Cam Tu was attending the fourth annual dialogue between the ASEAN Secretary General and members of the Federation of the Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA) in the Malaysian capital city of Kuala Lumpur on July 8-9. This was the [...]

Eighth mobile network may be started in Aug Posted: 08 Jul 2011 08:57 AM PDT Indochina Telecom will have to officially provide mobile telecom services to the market from this August as per the deadline, the Thoi Bao Kinh Te Viet Nam Online reported. On August 19, 2009, Ministry of Information and Telecommunication granted the establishment license to Indochina Telecom. As ruled, two years after receiving the license, the firm [...]

About 1,700 MW added into national grid in H1 Posted: 08 Jul 2011 08:56 AM PDT Electricity of Vietnam (EVN) has said that in the first six months of this year, the nation electricity system has been supplemented by 1,700 MW of electricity capacity. Of which, EVN has put into operations six generators of five electricity source projects with a total capacity of 1,085 MW, including the second generator of Song [...]

Hepza attracts $7.7b investment capital Posted: 08 Jul 2011 08:56 AM PDT Since 20 years of establishment and operations, HCM City Industrial Part and Export Processing Zone Authority (Hepza) has attracted $7.7 billion investment capital, said Le Thanh Hai, Poliburo member cum HCM City party committee secretary on July 1. Of which, sectors of high technology, technique and science such as electricity and electronics drew big investment [...]

Samsung Group’s investment good signal for FDI Posted: 08 Jul 2011 08:55 AM PDT While Vietnam's FDI attraction is becoming harder, the proposal of Samsung Group to invest $1.5 billion in an information technology complex (Samsung Complex) project in Bac Ninh province is seen as a positive signal, according to the Thoi Bao Kinh Te Viet Nam newspaper. A source from Bac Ninh said that PMU of Bac Ninh [...]

Made-in-Vietnam steel on danger of anti-dumping investigation Posted: 08 Jul 2011 08:55 AM PDT The Indonesian Anti-dumping Committee (KADI) has received the documents on anti-dumping investigation over steel products imported from Vietnam, Japan, China and South Korea, according to Vietnamese Ministry of Industry and Trade's Department of Competition Management. In order to prepare or the lawsuit, the department is totaling and checking volume and value as well as list [...]

Ministry concerned over trade surplus of FIEs Posted: 08 Jul 2011 08:54 AM PDT Vice Minister of Industry and Trade Nguyen Thanh Bien said that the operation of foreign-invested enterprises (FIEs) in Vietnam's export import need to be supervised carefully and cautiously. Total import expenditure of Vietnam during the first six months of 2011 was estimated at $48.9 billion, a year-on-year rise of 25.8%. Growth rate in import of [...]

Gold stands near VND37.9 million Posted: 08 Jul 2011 08:53 AM PDT The price of gold in Vietnam rose by VND20,000-40,000 a tael (1.2 ounces) over the previous day on July 8 as global price advanced for three consecutive trading sessions. Saigon Jewelry Company bought the metal at VND37.8 million and sold at VND37.86 million as of 8 am local time. Meanwhile, the Hanoi-based Phu Quy Jewelry [...]

OMO rate cut absolutely normal Posted: 08 Jul 2011 08:52 AM PDT The State Bank of Vietnam (SBV)’s move to cut interest rates which it charges commercial banks for loas on open market operations by 100 bps to 14 percent p.a. is absolutely normal, said Nguyen Ngoc Bao, Head of Department for Monetary Policies under th Interest rates on OMO is very flexible in line with the [...]

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