Vietnam Business News

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• Vietnam Govt says no to EVN proposal of increasing electricity prices
• State to hold dominant stake in 5 telecom firms
• BlackBerry services launched in Vietnam
• EVN Telecom merger urged
• Telco involved in US$2 billion fun park
• Viettel operates the most modern production line in South East Asia
• Land prices in Hanoi as expensive as in Tokyo and Paris: Colliers International
• Vietnam property market hurt by lending rates, Capitaland says
• Master Plan needed to restructure transport sector
• US$7.6 billion FDI poured into Mekong Delta

Vietnam Govt says no to EVN proposal of increasing electricity prices Posted: 20 Oct 2011 11:41 PM PDT Deputy Prime Minister Vu Van Ninh said on the sideline of the National Assembly meeting yesterday Oct. 20 that the time to raise electricity prices will be carefully considered and the Vietnamese government will never allow for the increase of power prices to compensate for non-core sector investment of EVN. According to Ninh, the issue [...]

State to hold dominant stake in 5 telecom firms Posted: 20 Oct 2011 11:41 PM PDT The Vietnamese Prime Minister has recently signed a decision on the list of enterprises providing telecommunications services with network infrastructure held and dominated by state. Accordingly, the state will hold dominant stake (over 50%) in five telecommunications firms, including Vietnam Post and Telecommunications Group (VNPT), Military Telecommunication Group (Viettel), Vietnam Maritime Communications and Electronics Co [...]

BlackBerry services launched in Vietnam Posted: 20 Oct 2011 11:40 PM PDT Vietnamese mobile operator MobiFone and Research In Motion (RIM) RIMM announced on Monday the launch of BlackBerry services for MobiFone customers in Vietnam. No financial details were disclosed. According to RIM the BlackBerry services will enable customers to leverage RIM’s mobile communications solution, as well as a wide range of other mobile business and lifestyle [...]

EVN Telecom merger urged Posted: 20 Oct 2011 11:40 PM PDT EVN Telecom, a subsidiary of the Vietnam Electricity Group (EVN), have been reported to be suffering considerable losses and debt related to connection fees and frequency charges. Deputy Minister of Information and Communications Le Nam Thang said that it was time to merge EVN Telecom with another State-owned network operator. In accordance with a recent [...]

Telco involved in US$2 billion fun park Posted: 20 Oct 2011 11:39 PM PDT West HCM City Telephone Company on Wednesday signed a contract with Khang Thong group to develop the US$2 billion Happyland amusement park in the Mekong Delta province of Long An. West HCM City Telephone Company, a unit of Vietnam Posts and Telecommunications Group, will provide telecom services and information technology for several works such as [...]

Viettel operates the most modern production line in South East Asia Posted: 20 Oct 2011 11:39 PM PDT The Viettel Centre for Electronics Manufacturing on October 17th officially put into operation the first production line, the most up-to-date one in the South East Asia area, according to Viettel Cooperation. This chain can produce various kinds of products, including terminal equipment (normal and smart mobile phones, I-pads, All-in-one computers), internet devices and equipment for [...]

Land prices in Hanoi as expensive as in Tokyo and Paris: Colliers International Posted: 20 Oct 2011 11:39 PM PDT Colliers International’s market report in quarter 3 revealed land prices in central districts of Hanoi of at approximately US $ 27,200 per square metre (or 570 million dong) that is as expensive as those in Tokyo and Paris. According to Colliers, Hanoi’s urban areas could be divided into three main zones. Firstly, land prices in [...]

Vietnam property market hurt by lending rates, Capitaland says Posted: 20 Oct 2011 11:38 PM PDT Vietnam's property market has "slowed down" as higher interest rates made it difficult for potential buyers to finance purchases, said CapitaLand Ltd. (CAPL), Southeast Asia's biggest property developer. The nation's inflation rate in September reached 22.42 percent, the highest among 17 Asian economies tracked by Bloomberg. The central bank has increased its refinancing rate to [...]

Master Plan needed to restructure transport sector Posted: 20 Oct 2011 11:36 PM PDT It is vital to devise a Master Plan to restructure the transport sector, so steps to restructure its groups and corporations can be put in place by late 2013. The request was made by deputy prime minister, Vu Van Ninh, at a conference in Hanoi on October 19 to review 10 years of restructuring and [...]

US$7.6 billion FDI poured into Mekong Delta Posted: 20 Oct 2011 11:36 PM PDT The Mekong Delta provinces have attracted 358 foreign direct investment (FDI) projects worth over US$7.6 billion. Long An is the leading province in FDI attraction, with 226 projects worth US$2.54 billion in total, followed by Kien Giang with nine projects of US$2.33 billion. At the Mekong Delta Economic Cooperation Forum (MDEC) 2011 opening on Wednesday [...]

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