Vietnam Business News

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• Kien Giang urged to focus on land planning, management
• Southern developers see stronger market
• Seafood farms face growing problems
• Shares rise on improved trades
• Sugar makers seek investment
• Banks reduce loan interest rates
• Kuwait expresses intention to boost trade with Vietnam
• Big carrot for Petro complex
• Fdi reaches over $9.5bln in eight months
• Vietnam gold price slips to 47.8m dong/tael

Kien Giang urged to focus on land planning, management Posted: 29 Aug 2011 01:17 AM PDT The southern Kien Giang Province yesterday was asked to increase its supervision of land planning and management as well as implement social security policies for farmers whose land was acquired by the State. Party General Secretary Nguyen Phu Trong made the request while working with provincial leaders on agricultural issues. The province needed to improve [...]

Southern developers see stronger market Posted: 29 Aug 2011 01:16 AM PDT Many property developers in HCM City’s neighbouring provinces of Binh Duong, Long An and Dong Nai plan to launch sales of properties in their projects next month in the hopes that the market will become more dynamic at the end of this year. In Binh Duong, a series of projects will be launched in next [...]

Seafood farms face growing problems Posted: 29 Aug 2011 01:15 AM PDT Aquaculture has flourished in the central region in recent years, but is now encountering several problems, including a shortage of baby shrimp for breeding and polluted groundwater from inadequate waste treatment. Although farmers have dramatically increased their incomes, disease outbreaks among contaminated shrimp, particularly those that are purchased unquarantined, have caused mass deaths and polluted [...]

Shares rise on improved trades Posted: 29 Aug 2011 01:15 AM PDT Trading continued to improve this morning on both national exchanges, which saw a combined market value of VND1.2 trillion (US$58.1 million). On the HCM Stock Exchange, the VN-Index edged up 2.2 per cent to end at 413.37 points. Gainers outnumbered losers by 212-41. Trading value increased 30 per cent compared to last Friday hitting, VND615 [...]

Sugar makers seek investment Posted: 29 Aug 2011 01:15 AM PDT The Viet Nam Sugar and Sugarcane Association (VSSA) has proposed several measures to improve the sustainability and management of the domestic sugar industry. In a meeting last Saturday, the VSSA asked Prime Minister Nguyen Tan Dung to allow sugar factories to access more bank loans so they can make payments to sugarcane farmers, who need [...]

Banks reduce loan interest rates Posted: 29 Aug 2011 01:13 AM PDT Several banks in Vietnam have begun to cut lending interest rates for dong to 7-19 percent this week to ease the financial burden on businesses. This move came after the State Bank of Vietnam met with 12 major commercial banks in Hanoi over the weekend to discuss measures to reduce loan interest rates. Many of [...]

Kuwait expresses intention to boost trade with Vietnam Posted: 29 Aug 2011 01:13 AM PDT Kuwait Chamber of Industry and Commerce expressed readiness on Sunday to offer facilities and services for Vietnam with the aim of boosting commercial ties between the country and the Asian nation. The desire to boost the trade ties between the two countries was expressed by the First Deputy Chairman of the Chamber of Commerce and [...]

Big carrot for Petro complex Posted: 29 Aug 2011 01:12 AM PDT ‘We need around $2.5 billion to import materials every year so the incentives are good for us’. Long-await incentives for Vietnam's first-ever petrochemical complex have been released. The $4.2 billion Thai-backed petrochemical complex has been delayed for more than two years since its major stakeholder SCG could not arrange financial sources because their proposed incentives [...]

Fdi reaches over $9.5bln in eight months Posted: 29 Aug 2011 01:11 AM PDT Vietnam lured $9.56 billion in foreign direct investment (FDI) in the first eight months of 2011, equivalent to 74 per cent of the sum attracted in the same period last year. According to the Foreign Investment Agency under the Ministry of Planning and Investment, $7.94 billion of the amount cam from 582 FDI projects licensed [...]

Vietnam gold price slips to 47.8m dong/tael Posted: 28 Aug 2011 09:05 PM PDT After a skyrocket of over 1 million dong/tael in the morning Saturday August 27, the gold price slipped to below 48 million dong/tael. At 11:00 am on Saturday, the SJC gold price decreased 400,000 dong from the early morning to 47.82 million dong/tael (ask price), by 150,000 dong/tael lower than the gold price in late [...]

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