Thursday, October 27, 2011

Vietnam Business News

Vietnam Business News

PPP consultant posts on offer

Posted: 26 Oct 2011 09:49 PM PDT

With a financial support from UK Investment & Trade (UKIT), the Ministry of Planning and Investment's Public-Private Partnership Task Force Team (PPP TF) is seeking a foreign infrastructure consultant and a national finance consultant for a Ho Chi Minh City's road project. The Elevated Road No. 1 which connects Tan Son Nhat international airport to [...]


Poor dyeing investment leaves mark

Posted: 26 Oct 2011 09:48 PM PDT

Dwindling textile and dyeing investment is hurting the sector's development prospects. Many targets set in Vietnam's textile and garment industry development strategy until 2015 with a vision towards 2020 will not come true since a sequence of textile and dyeing projects remained on the drawing board due to capital strains. As planned, from 2011-2015 the [...]


Vietnam’s export turnover rises again

Posted: 26 Oct 2011 09:48 PM PDT

Vietnam 's export revenues in October rose 4.5 per cent against last month to $8.3 billion, after three consecutive months of decline. The General Statistics Office announced that the country earned an export turnover of more than $78 billion in the January – October period, a year-on-year rise of 34.6 per cent. Garments and textiles [...]


Vietnam looks towards sustainable agriculture

Posted: 26 Oct 2011 09:47 PM PDT

Vietnam has worked hard for the effective and sustainable development of agriculture and rural areas in economic, social and environmental aspects. Vietnamese Minister of Agriculture and Rural Development Cao Duc Phat made this affirmation at a plenary meeting of the International Support Group (ISG), themed " Vietnam responds to the new vision in agriculture", in [...]


Japan to offer loan to Vietnam’s satellite project

Posted: 26 Oct 2011 09:47 PM PDT

The Japanese government has decided to offer yen loans to Vietnam for its domestic satellite programme. Under the decision, Japan will loan Vietnam about 50 billion JPY, or $660 million, as official development assistance (ODA), the Japan Broadcasting Corporation (NHK) reported, adding that Japanese firms will be able to participate in the project as part [...]


Stock market needs giants to develop

Posted: 26 Oct 2011 09:47 PM PDT

Increasing the operation scale and the marketization value is the willing of every listed company, especially when the Vietnamese stock market is still lacking "big guys." The move of enterprises Le Thi Hoa, a member of the board of management of Vietcombank, said that the bank still has not listed 1.6 billion shares of as [...]


Despite big difficulties, banks still obtain satisfactory profits

Posted: 26 Oct 2011 09:46 PM PDT

Most commercial banks were hesitant when setting up high goals for the business plan in 2011 earlier this year. However, despite the big challenges, they now can be sure that the profits this year would be satisfactory. The big challenges appeared right at the beginning of 2011, when banks had to raise the deposit interest [...]


Authorities stop titanium exports, businesses cry for help

Posted: 26 Oct 2011 09:46 PM PDT

The Binh Dinh provincial authorities has ordered to stop exporting titanium ores. However, the decision has been facing a strong opposition from local businesses, which consider titanium exploitation and export as their main bread earners. On October 24, the Binh Dinh provincial authorities had to organize a meeting, where the representatives of the local authorities [...]


Vietnam, RoK firms join in aluminum production

Posted: 26 Oct 2011 09:45 PM PDT

The Vietnam National Coal and Mineral Industries Group (Vinacomin) and Dongyang Gangchul Company of the Republic of Korea (RoK) will cooperate in an aluminium production project. An agreement to this effect was signed between the two firms in Hanoi on October 26. The project includes an aluminium electrolysis plant and an accompanying power plant, plus [...]


Forum highlights Vietnam-RoK multi-faceted cooperation

Posted: 26 Oct 2011 09:45 PM PDT

A Vietnam-RoK forum was held in Hanoi on October 26 to seek opportunities for investment cooperation in economics, culture and society. President of the Vietnam Chamber of Commerce and Industry, Vu Tien Loc affirmed the status of Vietnam and the Republic of Korea (RoK) as strategic partners with many of RoK's leading corporations – such [...]


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