Vietnam Business News

---

• IAEA pledges to help VN develop nuclear power
• Hanoi to apply ceiling service fees for flats
• Vietnam to establish g12+1: small banks at disadvantage
• Coffee prices sink as Starbucks cup costs $1.50
• Food information base to be developed
• Vietnam economy not out of the woods yet
• Ministries run trial credit insurance programme
• New strategy targets breakthrough in FDI attraction
• Anti-dumping duties on Vietnam’s shoes lifted, but worries exist
• Capital flow coming back to real estate market

IAEA pledges to help VN develop nuclear power Posted: 04 Oct 2011 12:46 AM PDT Nuclear energy is for not only developed countries but also developing countries like Vietnam which can implement and apply nuclear energy in its economic development, said IAEA Director General Yukiya Amano. Director General of the International Atomic Energy Agency (IAEA) Amano made this statement to Deputy Prime Minister Vu Van Ninh at a reception in [...]

Hanoi to apply ceiling service fees for flats Posted: 04 Oct 2011 12:45 AM PDT Hanoi City's authority has decided on VND4,000 per square meter per month as the maximum level of fee imposed on every kind of apartment, aiming to ease conflict between residents and investors in terms of expensive management fees. Fees applicable to apartments will range from VND2,100 to VND4,000 per square meter per month for cleaning, [...]

Vietnam to establish g12+1: small banks at disadvantage Posted: 04 Oct 2011 12:45 AM PDT Small banks may be at a disadvantage as they are not permitted to attend the meeting between the SBV and other big banks. The State Bank of Vietnam, the country's central bank, held a meeting with commercial banks on Sept. 7, initiating to form a group of 12 biggest banks and the SBV called G12+1. [...]

Coffee prices sink as Starbucks cup costs $1.50 Posted: 04 Oct 2011 12:45 AM PDT Farmers from Vietnam to Brazil will supply a record robusta crop in the marketing year that begins next month, extending a slump in coffee futures that spurred Kraft Foods Inc. and J.M. Smucker Co. to cut prices. Production will rise 5.4 percent to 3.29 million metric tons (54.9 million 60-kilogram bags) in the 2011-12 season, [...]

Food information base to be developed Posted: 04 Oct 2011 12:43 AM PDT The Ministry of Agriculture and Rural Development has approved the development of a new food security information system. The eight-year project, scheduled to begin next year and worth VND35 billion ($1.7 million), is aimed at providing detailed data for national food security policy implementation. As part of the project, systems based on market supply, market [...]

Vietnam economy not out of the woods yet Posted: 04 Oct 2011 12:43 AM PDT A meeting of the National Assembly Standing Committee last Saturday saw the release of a less than optimistic economic forecast for the next five years. Minister of Planning and Investment Bui Quang Vinh said despite the government's recent efforts, the economy remained unstable, warning it could run into rough weather at any time in that [...]

Ministries run trial credit insurance programme Posted: 04 Oct 2011 12:43 AM PDT A national trial credit insurance programme aiming to cover nearly 3 per cent of export turnover by credit insurance by the end 2013, has been launched by the ministries of Finance, Industry and Trade, the State Bank of Vietnam (SBV) and the Government Office. Deputy Minister of Finance Tran Xuan Ha said seven insurers have [...]

New strategy targets breakthrough in FDI attraction Posted: 04 Oct 2011 12:42 AM PDT The Ministry of Planning and Investment (MPI) is working on a new strategy on attracting foreign direct investment (FDI), with a significant shift in the approach to the issue. The strategy will focus on defining FDI's role in the country's socio-economic development plan for the 2011-2015 and 2011-2020 periods. It will analyse strong and weak [...]

Anti-dumping duties on Vietnam’s shoes lifted, but worries exist Posted: 04 Oct 2011 12:41 AM PDT Vietnamese shoes makers now have the opportunities to come back to the EU market, since the anti-dumping duties have been left. However, they still cannot breathe a sigh with relief because big difficulties are still ahead. In the past, the EU market consumed up to 70 percent of total shoe exports of Vietnam, while the [...]

Capital flow coming back to real estate market Posted: 04 Oct 2011 12:41 AM PDT There have been signs showing that the capital flow, including foreign capital, is coming back to the Vietnamese real estate market after a period of interruption due to the global economic downturn. Edward Chi, Chair of Coldwell Banker Vietnam, said that in mid September 2011, a group of US and Asian investors, with the arrangement [...]

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