Vietnam Business News

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• The reasons why gold and silver fall sharply
• Telecom violations to be fined up to $4,800
• Management Over FDI Projects Tightened
• Mergers and Acquisitions Helps In Market Positioning
• SBV Requires Credit Institutions To Report Discounting And Rediscounting Of Negotiable Instruments And Valuable Papers
• Bank deposits diverting to other investment channels
• Seven insurers to launch export credit insurance
• Rice exporters start stockpile on possible hike
• Vietnam Can Succeed In Reclaiming Buon Ma Thuot Coffee Brand
• Mekong delta provinces pay no heed to branding their produce

The reasons why gold and silver fall sharply Posted: 24 Sep 2011 11:52 PM PDT Gold and silver fell on a free-fall ride on a Friday, the day, the bubble burst finally. Gold registered a fall of more than $100 in western markets so followed by Asia on Saturday. Reasons behind the steepest fall in gold and silverprices: CME Group raises margins: Chicago's CME Group raised the margin requirements on gold [...]

Telecom violations to be fined up to $4,800 Posted: 24 Sep 2011 09:16 PM PDT A new governmental decree stipulates fines of 200,000 dong to 100 million dong (US$4,800) for individuals and service providers violating telecom and other regulations. With effect from December 1, a fine of 200,000-500,000 dong will be slapped on telecom companies for acts like providing customers with incorrect information and providing telecom services at self-service kiosks without the logos of [...]

Management Over FDI Projects Tightened Posted: 24 Sep 2011 08:53 PM PDT Prime Minister Nguyễn Tấn Dũng has released a directive requesting tougher management of FDI projects nationwide. The Directive aims to improve the quality and efficiency of FDI projects in accordance with the Socio-Economic Development Strategy for 2011-2020 and prioritizes projects which apply state-of-art and environmentally-friendly technologies. The FDI projects have to effectively utilize natural resources, [...]

Mergers and Acquisitions Helps In Market Positioning Posted: 24 Sep 2011 08:46 PM PDT The underlying principle of mergers and acquisitions (M&A) is the development strategy for competitiveness enhancement and market positioning. Apart from obvious benefits to businesses, these affairs also do well to consumers as well as reflect competitiveness of the market economy. The food industry has witnessed many enterprises’ application of M&A as a principal strategy for [...]

SBV Requires Credit Institutions To Report Discounting And Rediscounting Of Negotiable Instruments And Valuable Papers Posted: 24 Sep 2011 08:39 PM PDT The State Bank of Vietnam (SBV) issued Document No.7370/NHNN-CSTT on September 21 to require credit institutions and foreign bank branches to make reports on discounting and rediscounting of negotiable instruments and valuable papers This requirement is to serve the formulation of a draft circular on discounting and rediscounting of negotiable instruments and valuable papers in [...]

Bank deposits diverting to other investment channels Posted: 24 Sep 2011 08:27 PM PDT The deposit rate ceiling has diverted cash flows from the banking system to other investment channels, such as securities, gold, and others, VietBiz24.com reported on Friday. After 10 days of execution of interest rate ceiling, banks said the money was being withdrawn from the banking system.     According to VietBiz24.com, on September 8 and [...]

Seven insurers to launch export credit insurance Posted: 24 Sep 2011 08:21 PM PDT Seven insurers have been given the green light by the Ministry of Finance to launch a pilot program of export credit insurance, according to the government website. They include Bao Viet Insurance Corp, Bao Minh Insurance Joint Stock Corp, PetroVietnam Insurance Joint Stock Corp (PVI), Bao Viet Tokio Marine Insuarance Joint Venture Co, QBE Vietnam [...]

Rice exporters start stockpile on possible hike Posted: 24 Sep 2011 08:12 PM PDT Many Vietnamese rice exporters have started to stock rice in anticipation of a possible price hike caused by Thailand's policy to buy its local products at high prices next month, Saigon Tiep Thi newspaper reported. In Ho Chi Minh City, rice retail prices have been rising by up to 2,000 dong a kg during the [...]

Vietnam Can Succeed In Reclaiming Buon Ma Thuot Coffee Brand Posted: 24 Sep 2011 07:54 PM PDT Theoretically, Vietnam has grounds to sue for demanding Buon Ma Thuot coffee brand back and win the lawsuit, according to Tran Huu Nam, deputy Head of the National Office for Intellectual Property NOIP. Nam, in the interview given to Thoi bao Kinh te Vietnam about the risk of losing Buon Ma Thuot brand to a [...]

Mekong delta provinces pay no heed to branding their produce Posted: 24 Sep 2011 08:46 AM PDT Although the Mekong delta provinces are considered the main agricultural production base of Vietnam, there is little or no effort to protect the brand names of any of their popular produce. Value of a brand name After news that the Viet Huong Trading Company of Hong Kong had applied for patent of the brand name [...]

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