Vietnam Business News

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• 2.67 billion dollars and the time of M&A
• 2.67 billion dollars and the time of M&A
• Budget airlines still cannot provide budget flights
• 60 percent of listed companies see profits down
• UK back on Vietnam’s top 10 tour markets
• Gold changes little
• Vietnam among 12 high-growth markets in Asia
• ADB committed $730 mil to power transmission network
• Hanoi funds price stabilisation effort
• Investors urged to raise Vietnam’s image in Cambodia

2.67 billion dollars and the time of M&A Posted: 10 Feb 2012 06:57 PM PST 2011 was the bustling year of merger and acquisition (M&A) deals with the total value of the successful deals reaching 2.67 billion dollars, or 50 percent higher than that of 2010. Most of the successful M&A deals were the ones with the involvement of foreign investors, with the cash flow mostly coming from Japan. Consumer [...]

2.67 billion dollars and the time of M&A Posted: 10 Feb 2012 06:57 PM PST 2011 was the bustling year of merger and acquisition (M&A) deals with the total value of the successful deals reaching 2.67 billion dollars, or 50 percent higher than that of 2010. Most of the successful M&A deals were the ones with the involvement of foreign investors, with the cash flow mostly coming from Japan. Consumer [...]

Budget airlines still cannot provide budget flights Posted: 10 Feb 2012 06:56 PM PST Passengers hope they can save money when flying with budget airlines. However, experts have pointed out that the current budget airlines now still cannot provide budget flights. It's necessary to apply preferential policies for the market. Market getting more and more expensive Within 48 hours, since February 2, 2012, VietJet Air, a budget airline, sold [...]

60 percent of listed companies see profits down Posted: 10 Feb 2012 06:56 PM PST Though official statistics have not been released yet, the State Securities Commission SSC has estimated that up to 60 percent of listed companies saw their profits decreasing. 2011 was a difficult year for both the macro economy and the stock market. Therefore, listed companies had to confront a lot of problems, from the input material [...]

UK back on Vietnam’s top 10 tour markets Posted: 10 Feb 2012 06:53 PM PST The UK has for the first time in seven years become one of Vietnam’s top 10 tourism markets, with nearly 18,000 Britons coming here in January 2012, a year-on-year increase of 39.7 per cent, according to the Vietnam National Administration of Tourism (VNAT). UK tourist arrivals picked up strongly after Vietnam Airlines launched direct flights [...]

Gold changes little Posted: 10 Feb 2012 06:52 PM PST The price of gold in Vietnam slid by VND50,000 a tael (1.2 ounces) over the previous day on December 23 as global prices remained fluctuating around $1,390 an ounce. Gold was bought at VND35.75 million and sold at VND35.85 million at most gold shops as of 10 am local time. Sacombank Jewelery Company bought gold [...]

Vietnam among 12 high-growth markets in Asia Posted: 10 Feb 2012 06:52 PM PST Vietnam is now listed among Asia's 12 high-growth markets, according to UK Trade and Investment (UKTI). UKTI held a conference in London on February 9 to introduce to UK businesses investment opportunities in the 12 high-growth and newly-emerging markets in Asia, including Vietnam. Business Secretary Vince Cable of the UK Department for Business, Innovation and [...]

ADB committed $730 mil to power transmission network Posted: 10 Feb 2012 06:51 PM PST The Asian Development Bank (ADB) and the Government of Vietnam on February 10 signed the first tranche of a $730 million investment program to upgrade the country's power transmission network. The program will help improve delivery and meet growing demands from industry and households. Signatories were State Bank of Vietnam Governor Nguyen Van Binh and [...]

Hanoi funds price stabilisation effort Posted: 10 Feb 2012 06:50 PM PST The People’s Committee of Hanoi has decided to advance VND94 billion ($4.5 million) from the city financial reserve fund for the third phase of price stabilisation of essential goods after Tet (lunar new year). Five enterprises received capital with a zero percent interest rate, including VND54 billion ($2.6 million) for the Hanoi Trading Corporation, and [...]

Investors urged to raise Vietnam’s image in Cambodia Posted: 10 Feb 2012 06:49 PM PST Vietnam and Cambodia will create a more favourable legal environment for their businesses to invest in each other’s territories. Minister of Planning and Investment Bui Quang Vinh made the statement after working sessions with Cambodia officials during his working visit from February 9-12. We will also increase management to ensure our investment projects prove effective, [...]

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