Vietnam Business News

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• Macroeconomic stability to be the key for growth: expert
• CBRE optimistic about real estate despite contrary signs
• Halong Bay cave joins world’s top 10 sites
• Japanese firms keen to transfer technology to Vietnam
• UK firms to explore trade possibilities in Vietnam
• There are too many airports in Vietnam
• Banks complain it’s difficult to lend
• Vinatex pledges to reduce production costs
• Hanoi forum explores productivity
• Feb 18: Vietnam central bank keeps Dollar exchange at VND20,828

Macroeconomic stability to be the key for growth: expert Posted: 18 Feb 2012 12:12 AM PST The world economic picture will continue to be a state of turbulence with hidden dangers in 2012, said renowned economist Le Dang Doanh at a recent conference. "Robert B. Zoellick, the 11th president of the World Bank Group (WB), said the global economy has fallen into dangerous times," at the Super Investor Day 2012. "In [...]

CBRE optimistic about real estate despite contrary signs Posted: 18 Feb 2012 12:11 AM PST 2012 will be a good year for real estate investors despite the difficulties on the horizon, said real estate service firm CBRE. In 2011, the real estate market faced many problems from the income flows being challenged as the capital flows are restricted and customers' interests faded. However, Marc Townsend, Managing Director of CBRE in [...]

Halong Bay cave joins world’s top 10 sites Posted: 18 Feb 2012 12:05 AM PST Sung Sot cave (or Surprising cave), one of the largest caves in Halong Bay, has been voted as one of 10 most beautiful caves of the world by the Association of Tourism Offices and Brokers of the Czech Republic. Discovered in 1901 by the French, Sung Sot cave is divided into two chambers and covers a [...]

Japanese firms keen to transfer technology to Vietnam Posted: 18 Feb 2012 12:04 AM PST A group of small businesses from the Japanese cities of Kawasaki and Tsubame expressed their desire to transfer technology to Vietnam at a seminar to promote investment in support industry in the southern province of Ba Ria – Vung Tau on February  17. Those businesses include micro firms that employ only one dozen workers but [...]

UK firms to explore trade possibilities in Vietnam Posted: 18 Feb 2012 12:03 AM PST UK Trade and Investment (UKTI) is organising a trade mission to Vietnam to identify potential opportunities for British firms from northwestern England to do business in the country. UKTI International trade adviser for northwest England, Peter Thompson, will head a group of delegates from seven companies travelling to Vietnam including Biglift, County Sales, Chase International, [...]

There are too many airports in Vietnam Posted: 18 Feb 2012 12:02 AM PST There are nine airports in the 14 provinces and cities in the central region, from Thanh Hoa to Binh Thuan. The localities, which still do not have airports, are seeking the permission to build airports. The north of the central region alone has three operational airports, including Vinh airport in Nghe An, Dong Hoi airport [...]

Banks complain it’s difficult to lend Posted: 18 Feb 2012 12:02 AM PST Commercial banks have been told to continue restricting lending in 2012. However, they say in fact, they may not use up the "credit growth quotas," because it is difficult to push up lending now, when the interest rates remain unaffordable to businesses. The State Bank of Vietnam told commercial banks not to have the credit [...]

Vinatex pledges to reduce production costs Posted: 18 Feb 2012 12:01 AM PST The Viet Nam National Textile and Garment Group (Vinatex) and its member companies have committed to reduce production costs in accordance with guidelines from the Government and the Ministry of Finance. Under the guidelines, Vinatex set a target of decreasing managerial and production costs between 5 to 9 per cent to bring in profits of [...]

Hanoi forum explores productivity Posted: 18 Feb 2012 12:00 AM PST The Vietnam Productivity and Quality Centre (VPQC), in coordination with the Asian Productivity Organisation (APO) has held the 16th forum on productivity and quality in Hanoi, to discuss ways to renew management systems in order to develop businesses. At the forum, more than 200 participating experts and enterprise leaders heard reports on productivity as well [...]

Feb 18: Vietnam central bank keeps Dollar exchange at VND20,828 Posted: 17 Feb 2012 07:13 PM PST Vietnam’s central bank set the U.S dollar exchange rate at VND20.828 on Saturday, 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. Some commercial banks raised but some other [...]

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