Vietnam Business News

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• Gold retreats a bit
• Restructuring or going bust
• Denmark pledges more ODA for Vietnam
• Forum expected to spur Indian trade, investment
• Farms have difficulty seeking aid
• Vietnam plans Japan rep office to promote tourism
• US stocks suffer biggest losses of 2012
• Capital parking in a tight street
• PM urges nation to focus on stable economy
• What do Quang Ninh’s leaders say about casino project?

Gold retreats a bit Posted: 06 Mar 2012 09:30 PM PST Price of gold in Vietnam retreated to below VND44.7 million per tael (1.2 ounces) on March 6 as global price dropped slightly. Sacombank Jewellery Company bought gold at VND44.52 million and sold at VND44.67 million as of 10am Vietnamese time. Saigon Jewellery Company, Vietnam's biggest gold processor and trader, collected the metal at VND44.52 million [...]

Restructuring or going bust Posted: 06 Mar 2012 08:53 PM PST Many securities companies are in critical condition. This is the consequence of not only macro uncertainties and the sharp decline of the local stock market but also tough competition and weaknesses of the businesses. To survive the challenge, many companies have the only way of restructuring. Otherwise they will go bankrupt. According to the State [...]

Denmark pledges more ODA for Vietnam Posted: 06 Mar 2012 08:51 PM PST Denmark will continue providing official development assistance (ODA) for Vietnam until 2015, said Mogens Lykketoft, speaker of the Danish parliament, at his meeting with Prime Minister Nguyen Tan Dung. The strong and sustainable development of Vietnam is deemed attractive to international investors, including those from Denmark, said Lykketoft at his talks with National Assembly (NA) [...]

Forum expected to spur Indian trade, investment Posted: 06 Mar 2012 08:50 PM PST A business delegation from India will attend a forum in HCMC this Wednesday in an effort to enhance trade and investment ties with potential local partners. Anand Sharma, Indian Minister of Commerce, Industry and Textiles, will visit Vietnam from March 6 to 8, accompanied by a high-powered business delegation from the Federation of Indian Chambers [...]

Farms have difficulty seeking aid Posted: 06 Mar 2012 08:49 PM PST The Government has adopted multiple policies to prop up farms but farmers have still found it hard to gain access to much-needed financial support. A meeting between the Vietnam Association of Rural, Farmer Entrepreneurs and Farm-owners (VARFEF) and authorities heard several suggestions on how to help farm owners and agricultural enterprises benefit the government pro-farm [...]

Vietnam plans Japan rep office to promote tourism Posted: 06 Mar 2012 08:48 PM PST Vietnam is planning to open a representative office in Tokyo, Japan late this year or early next year to facilitate its tourism marketing activities and step up cooperation between travel firms of the two nations. The plan is aimed at helping ratchet up Japanese tourist arrivals in Vietnam from half a million last year to [...]

US stocks suffer biggest losses of 2012 Posted: 06 Mar 2012 08:48 PM PST US stocks registered their biggest losses of the year Tuesday amid worries about the looming Greek debt swap deal and slowing growth in the global economy. The Dow Jones Industrial Average plunged 203.66 points (1.57 per cent) to end the day at 12,759.15. It was the blue-chip Dow’s first 200-point-plus loss since November 23. The [...]

Capital parking in a tight street Posted: 06 Mar 2012 08:47 PM PST Hanoi's plan to build spacious parking areas is on the back foot. In light of Hanoi's parking place planning towards 2020 which was ratified in late 2003, the city would set aside 703 hectares by 2020 for developing 34 parking lots in its seven inner districts to supersede existing pavement-based parking spots from 2004-2010. However, [...]

PM urges nation to focus on stable economy Posted: 06 Mar 2012 08:45 PM PST Prime Minister Nguyen Tan Dung has urged relevant ministries and agencies to continue the focus on stabilising the macro-economy and easing difficulties for business and production. At a regular Government session held in Hanoi on Mar. 5 and 6, PM Dung issued this instruction after he and other cabinet members discussed the socio-economic situation in [...]

What do Quang Ninh’s leaders say about casino project? Posted: 06 Mar 2012 08:45 PM PST The Quang Ninh provincial authorities have affirmed that if the casino project is licensed, it would attract a lot of investors. The northern province of Quang Ninh has stirred up the public with the proposal to allow the province to apply a special mechanism in Van Don District, and license a resort complex project which [...]

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