Vietnam Business News

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• Vietnam banks cut commercial lending rates for businesses
• Sep 9: Vietnam stocks close mixed ahead of key resistances
• Japan-Vietnam talks on nuclear reactor exports resume after hiatus
• Vietnam to start alumina production in Nov-Vinacomin
• Vietnam to start production at Chim Sao end-Sept
• Vehicle fumes to be cut from 2017
• Huge upgrade for Mekong Delta ports
• Hanoi raises investment in urban railway project
• Panasonic announced $84 million strategic business expansion in Vietnam
• Power price hike proposed

Vietnam banks cut commercial lending rates for businesses Posted: 09 Sep 2011 10:21 AM PDT Six Vietnamese commercial banks, including the country's two biggest listed lenders, cut borrowing costs for businesses as the government strives to make credit cheaper to protect economic growth. VietinBank, or Vietnam Joint Stock Commercial Bank for Industry & Trade, Joint-Stock Commercial Bank for Foreign Trade of Vietnam, also known as Vietcombank, and others lowered dong [...]

Sep 9: Vietnam stocks close mixed ahead of key resistances Posted: 09 Sep 2011 10:20 AM PDT Vietnamese stocks closed mixed today as investors still paid premium to buy blue chips on HOSE but they turned to take profit from speculative, hot issues on the HNX. The benchmark VN Index rose 6.66 points, or 1.46%, to end at 459.92. Volume fell by 21.9% to 47.3 million shares worth VND715.9 billion including 4.8 [...]

Japan-Vietnam talks on nuclear reactor exports resume after hiatus Posted: 09 Sep 2011 10:20 AM PDT Japan and Vietnam restarted talks Thursday on proposed exports of two nuclear reactors to Vietnam after a six-month hiatus following radiation leaks at the Fukushima Daiichi nuclear power station, the trade ministry said. Both sides held consultations on the outline of the proposed transaction, including the terms of Japanese financial aid to the Vietnamese government, [...]

Vietnam to start alumina production in Nov-Vinacomin Posted: 09 Sep 2011 10:19 AM PDT The refinery was initially slated to start production in February and export alumina in March, but those plans had been delayed and it was due to turn out its first product on Sept. 20, Vinacomin and the Vietnam News Agency have said. The refinery was initially slated to start production in February and export alumina [...]

Vietnam to start production at Chim Sao end-Sept Posted: 09 Sep 2011 10:19 AM PDT Vietnam has offered Chim Sao crude for loading in October, its second new grade in two months, as it reverses a slide in exports with new and expanded production that could make it Southeast Asia’s second-largest exporter by 2012. Chim Sao is the first crude that will be priced on the dated Brent marker at [...]

Vehicle fumes to be cut from 2017 Posted: 09 Sep 2011 10:17 AM PDT The government has set the time frame for stricter emission standards to be applied in an effort to mitigate air pollution caused by motor vehicles. Only newly manufactured, assembled or imported motor vehicles will be required to comply with the tightened emission limits which will come into effect in 2017. Vehicles will be required to [...]

Huge upgrade for Mekong Delta ports Posted: 09 Sep 2011 10:17 AM PDT The Mekong Delta provinces will increase the combined capacity of their ports system from 15.7 million tonnes in 2010 to 28 million tonnes in 2020. Under a Government plan, river ports and seaports in the Tien and Hau river basins will be upgraded while some new facilities will be built. The Tien and Hau rivers [...]

Hanoi raises investment in urban railway project Posted: 09 Sep 2011 10:16 AM PDT The Hanoi People's Committee has decided to raise the total investment capital for the pilot urban railway route running from Nhon in Tu Liem district to Hanoi Railway Station to 1.275 billion EUR, up 492 million EUR from the initial capital. The additional capital will be spent on construction and equipment (292 million EUR), land [...]

Panasonic announced $84 million strategic business expansion in Vietnam Posted: 09 Sep 2011 10:16 AM PDT Today, Panasonic Group announced to invest an additional $84 million fund in a couple of years in Vietnam, bringing its total investment capital in this emerging market to $224 million. With positive growth, political stability, increasing of capable and fast-learning labor force full of potentials, Vietnam is evaluated as a potential market and one of [...]

Power price hike proposed Posted: 09 Sep 2011 10:15 AM PDT Electricity of Vietnam has just asked for the nod to lift electricity prices this month. According to Electricity of Vietnam (EVN) deputy general director Duong Quang Thanh, it asked the Ministry of Industry and Trade (MoIT) to hike prices to help the power sector achieve financial balance, avoiding biting losses from 2012 and gradually settling [...]

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