Vietnam Business News

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• Stocks look to solid week before Tet
• Ministry gives fuel import quotas to 13 firms
• Vietnamese distribution market has gathered nearly all “luminaries”
• 2011 was a stormy year of many “big guys”
• Policymakers eye ways to boost market
• Ministry monitors retail prices
• Businesses see great opportunities in “Dragon’s year” with infant boom
• Sluggish site clearance dogs Japanese ODA disbursement
• Thermopower plant projects double attractive

Stocks look to solid week before Tet Posted: 17 Jan 2012 01:39 AM PST The nation’s stock exchanges saw fairly active trading last week as rising blue chips and renewed foreign investor interest created some new enthusiasm for the lagging market. Many analysts were predicting another strong week this week in the lead up to the Tet (lunar new year) holiday. On the HCM City Stock Exchange last week, [...]

Ministry gives fuel import quotas to 13 firms Posted: 17 Jan 2012 01:39 AM PST The Ministry of Industry and Trade (MoIT) has allocated the 2012 fuel import quotas to 13 major petrol distributors. Accordingly, these distributors are allowed to import a total quantity of 10.1 million cu metres of fuel for this year with 3.48 million cu. metres of gasoline; 5.52 million cu. metres of diesel; 1 million tonnes [...]

Vietnamese distribution market has gathered nearly all “luminaries” Posted: 17 Jan 2012 01:38 AM PST In 2011, the Vietnamese distribution market received two more big brands – Japanese Aeon and Hong Kong's Giant. As such, Vietnam just needs British Tesco and the US Wal-mart to gather enough the world's biggest distributors. "Big fishes" whisk the tails The distribution sector can be classified into two types, wholesale and retail. However, the [...]

2011 was a stormy year of many “big guys” Posted: 17 Jan 2012 01:38 AM PST Some "big guys" – the owners of securities companies once intended to "give up the games" in 2011 because of the "stock market crisis", but many others could see opportunities in the difficulties. The turnover of securities companies dropped dramatically as investors have fled from the stock market, while the stock prices have plummeted which [...]

Policymakers eye ways to boost market Posted: 17 Jan 2012 01:35 AM PST The VN Index declined to its lowest level in the last three years to 351 in late December, and on January 7 closed even further to 336.73, fluctuating at around 350 last week, with poor liquidity for most listed companies. Last week, deals by several large companies, including Sacombank (STB), helped lift trading volume and [...]

Ministry monitors retail prices Posted: 17 Jan 2012 01:35 AM PST The Ministry of Finance’s Price Management Department has announced that it would continue to control the prices of necessary goods this year in a bid to ensure market stability. In co-ordination with other ministries, MoF would implement Government measures to rein in inflation and stabilise the prices of necessary commodities including rice, power, oil, coal [...]

Businesses see great opportunities in “Dragon’s year” with infant boom Posted: 17 Jan 2012 01:34 AM PST Economists and market researchers have predicted that the year 2012 would witness the baby boom in Vietnam, which means the great opportunities for the companies which make products for children. The Ban Viet Securities Company has found out from a mini survey that the number of pregnant women who go for antenatal examination has increased [...]

Sluggish site clearance dogs Japanese ODA disbursement Posted: 17 Jan 2012 01:31 AM PST Despite significant growth in disbursement of ODA (official development assistance) loans from Japan in recent years, the work has been hindered by site clearance-related issues, the Japan International Co-operation Agency (JICA) has said. Speaking at a press meeting in Ha Noi on Friday (Jan 13), the chief representative of JICA in Viet Nam, Tsuno Monotori, [...]

Thermopower plant projects double attractive Posted: 17 Jan 2012 01:31 AM PST Three cooperation agreements on the development of big scale thermo power plants in the central and southern regions have been signed in the last half a month, which can show the big interests of investors in thermopower projects. Just after several days after the decision to increase the electricity price by five percent was announced [...]

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