Tuesday, February 28, 2012

Vietnam Business News

Vietnam Business News

Investors abandon gold

Posted: 27 Feb 2012 10:14 PM PST

Observers have pointed out a noteworthy thing on the gold market: the gap between the domestic and world's price, which was very big at 2.5 million dong per tael, has been narrowed to 1-1.2 million dong. Is this because investors have got tired of investing in gold and left the market? Money leaving gold market [...]


MHB asks for vnd3tln refinancing loan from the central bank

Posted: 27 Feb 2012 08:27 PM PST

Mekong Housing Joint Stock Commercial Bank (MHB) is currently seeking for a refinancing loan worth VND3 trillion from the State Bank of Vietnam (SBV), the local online newspaper VnEconomy.vn reported. According to MHB, this refinancing loan will be used to invest in infrastructure plans in rural areas and social housing projects. The central bank has [...]


Vietnam bonds market: attractive to investors?

Posted: 27 Feb 2012 08:26 PM PST

Local commercial banks sought to purchase bonds on expectation that interest rates will fall, considering it as a way to invest their short-term surplus capital that cannot be lent out shortly, the local online newspaper Dau Tu Chung Khoan reported. According to the Hanoi Stock Exchange (HNX), year to date, in the primary market, more [...]


Vietnam’s liquefied natural gas imports rise 200% on year in Jan-Feb 2012

Posted: 27 Feb 2012 08:26 PM PST

Vietnam is estimated to have spent a total of $142 million to import 142,000 tons of liquefied natural gas (LNG) in Jan-Feb, making a year-on-year rise of 203.6% in quantity and 216.5% in value, the General Statistics Office said on Feb 27. In February alone, the country spent $75 million to import 70,000 tons of [...]


Feb 28: Vietnam central bank keeps dollar exchange at vnd20,828

Posted: 27 Feb 2012 08:24 PM PST

Vietnam’s central bank set the U.S dollar exchange rate at VND20.828 on Tuesday, unchanged for more than 3 months. The central bank has kept the U.S dollar exchange rate stable for the longest period since early 2011. This is also the highest dollar middle point rate set by the central bank over the last 3 [...]


Feb 28: Vietnam gold edges down to vnd45.04mln/tael

Posted: 27 Feb 2012 08:24 PM PST

Vietnam gold prices eased to VND45.04 million/a tael on Tuesday morning. Gold edged down in New York last night and held steady in Asia trade this morning. SJC Hanoi quoted at VND44.87 million/tael for bid and VND45.04 million/tael for ask, respectively as of 9:29 am, Hanoi time. SJC Ho chi minh was quoted at VND44.87-45.02 [...]


French businesses seek investment opportunities in Vietnam

Posted: 27 Feb 2012 08:21 PM PST

Representatives from ten French businesses will come to Hanoi and HCM City from February 28 to March 2 seeking investment opportunities in plastics and packaging. They aim to learn more about the Vietnamese market through meetings with the Ministry of Industry and Trade and trade associations specializing in plastics, packaging and rubber. The French businessmen [...]


Animal husbandry set to be more competitive

Posted: 27 Feb 2012 08:21 PM PST

The World Bank (WB) and the Ministry of Agriculture and Rural Development jointly organized a conference on February 27 to assess a project on animal husbandry and food safety and hygiene. The US$79 million WB funded project, which will benefit 12 provinces and cities nationwide, has been piloted in Hanoi, Ho Chi Minh City, and [...]


Infrastructure upgrade-key to attracting Japanese businesses

Posted: 27 Feb 2012 08:19 PM PST

Vietnam's industrial zones (IZs) need to improve their infrastructure to attract small-and-medium sized businesses from Japan. Hideo Suzuki, Minister-Counsellor of the Japanese embassy in Vietnam made the recommendation at a seminar in Hanoi on February 27. Although Vietnam has great potential for attracting investment, its low proportion of localized materials and poor support industries are [...]


Industrial production slows to 3.9 pct

Posted: 27 Feb 2012 08:19 PM PST

The national industrial production growth rate decreased to only 3.9 percent in the first two months of the year against 12.3 percent in 2011 due to economic slowdown, according to the General Statistics Office (GSO). The GSO affirmed that the industrial sector has been facing difficulties on the market and in production. Consumption of Vietnam-made [...]


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