Vietnam Business News
Vietnam Business News |
- New measures to reduce gold hoarding
- How many rice exporters should Vietnam have?
- Kenmark affirms it does not run away
- 50 tourism businesses honoured
- Gold steady at VND44.3 million
- VinaCapital to focus its investment on unlisted private firms
- $1.5b to build Dream City tourism and ecological urban area in north
- Dong interest rate slide, foreign loans catch on
- Cement production to meet demand in 2012
- Total foreign investments in Vietnam reach over $200b as of Sep 2011
New measures to reduce gold hoarding Posted: 17 Oct 2011 09:31 PM PDT Gold buyers will be required to pay a 10 per cent value-added tax if a proposal of the Vietnam Association of Financial Investors (VAFI) is approved. The proposal is one of several measures that the association has submitted to the minister of Finance and the Governor of the State Bank of Vietnam for consideration. VAFI [...] |
How many rice exporters should Vietnam have? Posted: 17 Oct 2011 08:59 PM PDT The Vietnam Food Association (VFA) has proposed the Ministry of Industry and Trade to stop licensing more rice exporters. However, experts believe that it will be unfair if the enterprises which can meet the requirements cannot join the market. To date, 129 enterprises have been granted the licenses to export rice after they proved that [...] |
Kenmark affirms it does not run away Posted: 17 Oct 2011 08:59 PM PDT The information that Kenmark Group, which invests in the project on developing the Viet Hoa – Kenmark Industrial Zone (IZ), has escaped from Vietnam leaving a big debt of 50 million dollars, has stirred up the public. However, Kenmark's representative has affirmed that Kenmark does not run away and that there is still solution to [...] |
50 tourism businesses honoured Posted: 17 Oct 2011 08:58 PM PDT The Vietnam National Administration of Tourism (VNAT) has presented Vietnam tourism awards to 50 businesses, travel agents and hotels in Hanoi. At a ceremony at Hanoi Opera House on October 17, Minister of Culture, Sports and Tourism Hoang Tuan Anh said tourism businesses have played a key role in Vietnam's tourism industry in recent years, [...] |
Gold steady at VND44.3 million Posted: 17 Oct 2011 08:15 PM PDT The price of gold in Vietnam slightly rose on October 17 as global price added small rise on the international market. Sacombank Jewelry Company bought gold at VND44.11 million and sold at VND44.29 million as of 10:30 am local time. Saigon Jewelry Company, the biggest gold shop in Vietnam, quoted the price at VND44.1 million [...] |
VinaCapital to focus its investment on unlisted private firms Posted: 17 Oct 2011 09:33 AM PDT VinaCapital Group has recently reported its investment activities in 2011 and investment plan for 2012 whereby the group will continue to focus its investment on unlisted private firms, offering more new housing real estate projects for sales, raising capital for its bond fund and private investment fund. According to VinaCapital, the profitability ratio when investing [...] |
$1.5b to build Dream City tourism and ecological urban area in north Posted: 17 Oct 2011 09:31 AM PDT Viet Han Real Estate Construction Advertising Trading Ltd Co (Viet Han Co) has said that on October 18 it will announce the 1/500 plan and introduce Dream City tourism and ecological urban project in the northern province of Phu Tho. The 2,070 hectare project with an investment capital of $1.5 billion financed by Viet Han [...] |
Dong interest rate slide, foreign loans catch on Posted: 17 Oct 2011 09:31 AM PDT Negotiable lending rate in dong is gradually cooling down particularly for production and exporting. Still, foreign currency loans are still popular among borrowers at many commercial banks. Specifically, the credit growth of the banking industry in August enjoyed a 0.59 percent month-on-month pickup of which dong credit fell 1.05 percent, foreign credit inched up 0.82 [...] |
Cement production to meet demand in 2012 Posted: 17 Oct 2011 09:30 AM PDT Supply of cement will meet domestic market demands next year, according to the Vietnamese Ministry of Construction. Deputy Minister of Construction Nguyen Tran Nam said according to cement consumption figures this year, the ministry expected demand to reach 55-56.5 million tonnes next year with domestic cement production hitting 70 million tonnes. These projections included 19-19.5 [...] |
Total foreign investments in Vietnam reach over $200b as of Sep 2011 Posted: 17 Oct 2011 09:30 AM PDT At the seminar "Opportunities for investment cooperation, trade and export of Vietnamese goods" which took place on October 13, Nguyen Thi Bich Van, deputy head of Overseas Investment Department under the Ministry of Planning and Investment (MoPI) said that the total registered foreign investment capital in Vietnam has reached $202.2 billion as of September 2011. [...] |
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