Vietnam Business News

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• Three gold traders buy 7,700 taels of gold on Oct 28
• Central bank will closely manage the gold bullion production activities
• Vietnam collects vnd107.45 tln vat in jan-oct, surpassing target 7%
• Green projects need both incentives and enforcement
• Nov 1: Vietnam central bank keeps exchange rate at vnd20,803 for fourth days
• Mekong Delta rice farmers boost production
• SJC, PNJ, SBJ purchases 7,700 taels of gold on Oct 28
• Positive signals of FDI attraction in Haiphong
• Vietnam to open trade doors in SE Asia for Kazakhstan
• Foreign tourists soar by 80 per cent in October

Three gold traders buy 7,700 taels of gold on Oct 28 Posted: 01 Nov 2011 01:00 AM PDT The local newswire Thanh Nien on October 28 cited Nguyen Cong Tuong, deputy head of Sales Department of Saigon Jewelry Joint Stock Co. (SJC) as saying that on October 28, SJC bought over 4,000 taels of gold (a tael = 1.2 ounces) while it did not sell much gold. On the same day, Phu Nhuan [...]

Central bank will closely manage the gold bullion production activities Posted: 01 Nov 2011 12:32 AM PDT The State Bank of Vietnam (SBV) has recently announced the main contents in its draft decree on gold market management to submit to the government whereby the central bank will closely manage the gold bullion production activities by limiting the number of gold bar producers. Accordingly, the gold bar makers must have minimum chartered capital [...]

Vietnam collects vnd107.45 tln vat in jan-oct, surpassing target 7% Posted: 01 Nov 2011 12:28 AM PDT The General Department of Vietnam Customs collected a total of VND107.45 trillion VAT in the first ten months of this year, surpassing 7% from earlier target. Of which, income from import –export and special consumption taxes accounted for VND68 trillion (meeting 85% target), VAT contributed VND107.45 trillion (107.12% target), debt tax collection was VND709 billion. [...]

Green projects need both incentives and enforcement Posted: 01 Nov 2011 12:28 AM PDT A participant looks at information about the Vietnam Green Building Council at the FuturArc Forum on October 28 – Photo: Dinh Dung. HCMC – The Government's preferential policies and enforcement should be among the factors to promote the application of green designs now that more and more high-rise buildings are developed in urban areas. Also, [...]

Nov 1: Vietnam central bank keeps exchange rate at vnd20,803 for fourth days Posted: 01 Nov 2011 12:27 AM PDT Vietnam's central bank kept the exchange rate unchanged at VND20.803 a dollar for four consecutive days today, after weakening the dong for 14 times in October. The SBV has weakened the dong by VND175 or 0.85% in the past 14 times in October, getting closer to the SBV's target to limit the exchange rate rise [...]

Mekong Delta rice farmers boost production Posted: 01 Nov 2011 12:27 AM PDT Rice farmers in the Mekong Delta came in for much praise for increasing output by more than a million tonnes this year as targeted by the Government at a recent review conference. Speaking at the conference on Oct. 28 in Hau Giang province which also discussed plans for the next rice crop, Deputy Minister of [...]

SJC, PNJ, SBJ purchases 7,700 taels of gold on Oct 28 Posted: 01 Nov 2011 12:22 AM PDT SJC, PNJ and SBJ were reported to buy in total 7,700 taels of gold in the domestic market, of which the SJC purchased 4,000 taels, PNJ 1,400 taels and SBJ 2,300 taels, the local newspaper Thanh Nien said on Oct 28. The Saigon Jewelry Company Limited (SJC), Phu Nhuan Jewelry Joint Stock Company (PNJ), and [...]

Positive signals of FDI attraction in Haiphong Posted: 01 Nov 2011 12:21 AM PDT The northern port city of Haiphong is seeing positive signals in the inflow of foreign direct investment (FDI) with 25 new projects worth over $289 million licenced in the city in the first ten months of this year. During this period, 21 operating projects were also allowed to add over $268 million to their investment [...]

Vietnam to open trade doors in SE Asia for Kazakhstan Posted: 01 Nov 2011 12:20 AM PDT Vietnam Government is willing to create the most favourable conditions for Kazakh enterprises to do business in the country, Deputy Prime Minister Vu Van Ninh told a business conference in Hanoi on Dec. 31. Entering Vietnam , a market with approximately 90 million consumers, Kazakh businesses will also have the opportunity to access other large [...]

Foreign tourists soar by 80 per cent in October Posted: 01 Nov 2011 12:20 AM PDT Foreign visitor numbers surged by 80.9 per cent in October compared with the previous month, totalling 518,477, the Vietnam National Administration of Tourism said. The figure increased by 17.8 per cent compared with October last year. Of those, about 445,612 international visitors arrived by plane, accounting for 85.9 per cent of the total visitors; 1,500 [...]

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