Vietnam Business News

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• Feb 6: Vietnam gold rises to vnd45.12mln/tael, dollar stable
• Feb 6: Vietnam central bank keeps dollar exchange at vnd20,828
• Bio-ethanol plant rolls out first batch of product
• Dumping claim over clothes hangers
• Border gate gets master plan
• Few foreigners buying apartments in Vietnam
• January’s industrial production down 12.9 percent
• Bag exports target growth of 30 percent
• Dinh An EZ attracts 7 investment projects
• More than 279,000 tonnes of rice exported in January

Feb 6: Vietnam gold rises to vnd45.12mln/tael, dollar stable Posted: 06 Feb 2012 01:04 AM PST Vietnam gold prices rose by VND0.47million/tael from yesterday close to VND45.12 million a tael on Monday morning. SJC Hanoi quoted at VND44.80 million/tael for bid and VND45.12 million/tael for ask, respectively as of 9:11 am, Hanoi time. SJC in the free market was quoted at VND45.00-45.13 million/tael for bid and ask, respectively. Sacombank-SBJ gold prices [...]

Feb 6: Vietnam central bank keeps dollar exchange at vnd20,828 Posted: 06 Feb 2012 01:04 AM PST Vietnam’s central bank set the U.S dollar exchange rate at VND20.828 on Monday, unchanged since Dec 26, 2011. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,036. Many commercial banks changed dollar prices on [...]

Bio-ethanol plant rolls out first batch of product Posted: 06 Feb 2012 01:02 AM PST Dung Quat Bio-Ethanol Plant located in the Dung Quat Industrial Zone in the central province of Quang Ngai on February 3 turned out the first batch of product after 33 months of construction and trial operation. With four workshops, the VND2-trillion plant has a design capacity of 100 million litres of ethanol annually. The plant [...]

Dumping claim over clothes hangers Posted: 06 Feb 2012 01:02 AM PST The US Department of Commerce has instituted an anti-dumping action and filed countervailing duty petitions against steel garment hangers from Vietnam and Taiwan. The preliminary phase of the investigation process was commenced on December 29 and is slated for completion on February 21, the department reported. Under the petitions, anti-dumping margins for made-in-Vietnam steel garment [...]

Border gate gets master plan Posted: 06 Feb 2012 01:02 AM PST The Prime Minister has approved a master plan for the Thanh Thuy border gate economic zone (EZ) in northern mountainous Ha Giang province to 2030. The zone is set to become a trade and tourism complex aimed at promoting international integration and socio-economic development while ensuring national security. The EZ is expected to have a [...]

Few foreigners buying apartments in Vietnam Posted: 06 Feb 2012 01:01 AM PST The Ministry of Natural Resources and Environment’s General Department of Land Management reported that while overseas Vietnamese bought apartments in the country, foreigners rarely did so. According to statistics, around 300 overseas Vietnamese and foreign individuals and organisations bought apartments in Vietnam before the Lunar New Year festival in 2012. Vietnam has policies on selling [...]

January’s industrial production down 12.9 percent Posted: 06 Feb 2012 01:01 AM PST Industrial production in January fell by 12.9 percent due to longer holidays during the Western New Year Festival and the Lunar New Year Festival. According to the Ministry of Industry and Trade (MoIT), compared to December last year, mining industry production decreased by 7.1 percent, processing industry by 15.9 percent and gas, electricity and water [...]

Bag exports target growth of 30 percent Posted: 06 Feb 2012 01:00 AM PST Exports of bags hit more than US$120 million in January this year, up 14.2 percent compared to the same period last year. For two consecutive years, this product has been listed among export items with more than US$1 billion in revenue. Diep Thanh Kiet, Vice Chairman of the Vietnam Leather and Footwear Association (Lefaso), said [...]

Dinh An EZ attracts 7 investment projects Posted: 06 Feb 2012 01:00 AM PST The Tra Vinh provincial People's Committee granted licences to the Ha Long Investment Group in January for three projects worth a total of VND24.5 trillion in the Dinh An Economic Zone (EZ). The projects include the Ngu Lac Industrial Zone, Duyen Hai urban residential area and Dan Thanh resettlement area covering more than 1,500 hectares. [...]

More than 279,000 tonnes of rice exported in January Posted: 06 Feb 2012 01:00 AM PST Vietnam exported more than 279,000 tonnes of rice, earning over US$153 million in January, according to the Vietnam Food Association (VFA). This is equal to half of the corresponding period last year's rice export volume of 541,000 tonnes and value of US$282 million. Major markets for Vietnamese rice in January 2012 were Asia and the [...]

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