Vietnam Business News

---

• Silver’s set for a big monthly loss, but a rally may be coming
• Gold posts big Q3 gain despite sharp monthly drop
• Foreign investors attempt to set foot in Vietnam’s seafood industry
• When FIEs fled and refused to pay debts
• Many foreign investors cancel business expansion plans in Vietnam
• Vietnam’s seaport development strategy remains half done
• Dung Quat refinery gets US$32 million loan
• Dutch businesses encouraged to invest in Vietnam
• Taiwanese ICT makers keen on VN market
• Japanese bank buys 15-percent stake in Vietcombank

Silver’s set for a big monthly loss, but a rally may be coming Posted: 30 Sep 2011 11:00 PM PDT It looks like silver will end the month with a hefty loss of more than 27%, but analysts are still optimistic that demand for the white metal, and prices, are in for a rally — if coin demand offers any indication. Earlier this week, Dillon Gage Metals said the U.S. Mint hasn't been able to keep [...]

Gold posts big Q3 gain despite sharp monthly drop Posted: 30 Sep 2011 10:22 PM PDT (Reuters) – Gold rose on Friday on lingering worries of a global economic slowdown, and the price of bullion notched its biggest quarterly gain of this year even after a sharp pullback from a record hit this month. Gold posted a quarterly gain of 8 percent — its biggest this year, despite a drop of [...]

Foreign investors attempt to set foot in Vietnam’s seafood industry Posted: 30 Sep 2011 09:48 PM PDT An Iceland-based seafood company has bought back a catfish processing factory in Vietnam. Other foreign investors have also taken first steps to jump into the industry. According to Agroinfo, a farm produce market survey firm, Portunas is seeking the opportunities to support the sustainable development of Vietnam's seafood industry. Pálmi Pálmason, Chief Executive Officer of [...]

When FIEs fled and refused to pay debts Posted: 30 Sep 2011 09:48 PM PDT Foreign invested enterprises (FIEs), in the past, were always considered "big clients". Therefore, banks did not think much when providing big loans to them. However, many of them were not "big clients" at all. A lot of businessmen from Taiwan and South Korea have fled and left huge debts of tens of millions of dollars. [...]

Many foreign investors cancel business expansion plans in Vietnam Posted: 30 Sep 2011 09:47 PM PDT Representatives of foreign invested enterprises' associations say a lot of their member companies have decided to cancel the plans to make further investments in Vietnam, while keeping the "wait-and-see" attitude. The World Economic Forum (WEF) has released the 2011-2012 report on the global competitiveness late last week, which showed that Vietnam fell by six grades [...]

Vietnam’s seaport development strategy remains half done Posted: 30 Sep 2011 09:47 PM PDT Vietnam's seaport network has been developing very rapidly with a lot of seaports opening within a short time. However, Vietnam still cannot fully exploit the seaports due to the poorly equipped conditions and the lack of competitiveness in comparison with regional ports. Seaports numerous, but… The Hai Phong port development company is following a plan [...]

Dung Quat refinery gets US$32 million loan Posted: 30 Sep 2011 09:46 PM PDT The Binh Son Refinery and Petrochemical Company, the operator of the Dung Quat Oil Refinery, on September 29 inked a credit contract worth US$32 million with Quang Ngai branch of the Joint Stock Commercial Bank of Foreign Trade of Vietnam (Vietcombank). The contract was reached in the central province of Quang Ngai, where the refinery [...]

Dutch businesses encouraged to invest in Vietnam Posted: 30 Sep 2011 09:46 PM PDT (VOV) – Dutch businesses will be able to uphold their strengths to achieve success in Vietnam with the support of the Vietnamese government, said Prime Minister Nguyen Tan Dung. PM Dung affirmed this at a working session with senior officials of the Netherlands Council for Trade Promotion on September 30. At the meeting, part of [...]

Taiwanese ICT makers keen on VN market Posted: 30 Sep 2011 09:45 PM PDT Taiwan considers Vietnam an important market in Asia for its technological products, said Deputy Chairman of the Taiwan External Trade Development Council Wayne W. Wu. At a forum on Taiwanese brand names of information technology and communication (ICT) in Hanoi on Sept. 29, Wayne affirmed that Vietnam's ICT sector has conditions to develop thanks to [...]

Japanese bank buys 15-percent stake in Vietcombank Posted: 30 Sep 2011 09:45 PM PDT Mizuho Corporate Bank (MHCB), an affiliate of Japan's Mizuho Financial Group, will buy a 15-percent stake in the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank). Under a contract signed in Hanoi on Sept. 30, the transaction, worth US$567.3 million, will be realised in the first quarter of 2012 following approval by relevant [...]

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