Vietnam Business News

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• Phishing became an obsession of Vietnamese Internet users
• Vietnam fumbles for key industries
• Consumer goods businesses the main target in M&A
• Gov’t bonds soak up idle bank capital
• Low interest rates unreachable to businesses
• Investment conference opens in Quang Ninh
• Hanoi set for more modern shopping
• Doosan Vina ships cranes to Singapore
• Locally made products encouraged nationwide
• Vietnam Airlines discounts Hanoi-Guangzhou flights

Phishing became an obsession of Vietnamese Internet users Posted: 24 Feb 2012 11:58 PM PST Several years ago, experts warned Vietnamese Internet users about the appearance of phishing in Vietnam. The number of people who are the victims of phishing has been increasing rapidly over the last few years. Though having been warned about phishing, a lot of people still fall into the traps of swindlers. Experts say that there [...]

Vietnam fumbles for key industries Posted: 24 Feb 2012 11:57 PM PST The taskforce on industrialization strategy has recently put forward a list of 12 key industries for consideration. The industries include electronics, automobile, motorbike, shipbuilding and food processing, steel, petrochemicals, footwear and garments, software, environment-friendly infrastructure equipments, heavy equipments and agricultural machines. The list has been associated with the list of supporting industries such as spare [...]

Consumer goods businesses the main target in M&A Posted: 24 Feb 2012 11:52 PM PST Consumer goods led the merger and acquisition M&A market in 2011 in terms of the value of the affairs, while it is believed to continue leading the market in 2012. Of the total value of four billion dollars of M&A deals in 2011, the deals in the consumer goods industry alone were worth one billion [...]

Gov’t bonds soak up idle bank capital Posted: 24 Feb 2012 11:51 PM PST The bond market has witnessed positive developments since the beginning of the year, with most bond auctions on the Ha Noi Stock Exchange seeing a high success rate, especially for short-term bonds. The State Treasury offered a total VND6 trillion ($285.7 million) worth of Government bonds in terms of three, five and 10 years, but [...]

Low interest rates unreachable to businesses Posted: 24 Feb 2012 11:51 PM PST A lot of commercial banks have announced preferential lending programs, under which borrowers can access capital with low interest rates. The clients, who borrow money to repair the damage after floods and storms, would be able to enjoy the interest rate of 14.5 percent, or just 0.5 percent higher than the deposit interest rate. However, [...]

Investment conference opens in Quang Ninh Posted: 24 Feb 2012 11:39 PM PST An investment conference opened in Ha Long City on February 24 in the presence of Prime Minister Nguyen Tan Dung. Other participants included Head of the Party Central Committee Mass Mobilisation Commission Ha Thi Khiet, former State President Tran Duc Luong, leaders of central ministries, relevant departments and localities and more than 1,000 representatives of [...]

Hanoi set for more modern shopping Posted: 24 Feb 2012 11:34 PM PST The capital city of Hanoi plans to introduce nine more shopping and trade-fair centres, according to the city’s general plan on development of commercial activities by 2020 and towards to 2030. The Hanoi Construction Department said under the plan, Hanoi will have one international trading centre in the Tay Ho Tay urban area, two in [...]

Doosan Vina ships cranes to Singapore Posted: 24 Feb 2012 11:34 PM PST The Doosan Heavy Industries Vietnam (Doosan Vina) company in the central province of Quang Ngai has completed the shipment of eight rubber-tyred gantry cranes (RTGC) to the Port of Singapore Authority, said Hang Ha Ryu, Doosan Vina General Director. This is the third shipment which has raised the number of RTGC exported to Singapore to [...]

Locally made products encouraged nationwide Posted: 24 Feb 2012 11:33 PM PST The national steering committee for the ‘Vietnamese people use Vietnamese goods’ campaign met on February 24 to evaluate the movement’s results in 2011 and discuss accelerating the campaign in 2012. This year, the committee will continue to popularize the Party Politburo's campaign guidelines and advise provincial Party Committees on its implementation. The Quang Ngai provincial [...]

Vietnam Airlines discounts Hanoi-Guangzhou flights Posted: 24 Feb 2012 11:32 PM PST National flag carrier Vietnam Airlines has announced that it will offer special promotional discounts on its Hanoi-Guangzhou air route. Accordingly, passengers in Vietnam who buy Economy Class tickets for flights between the two cities from now until March 31 will get a free ticket on the same route. According to the promotion, customers who purchase [...]

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