Thursday, March 15, 2012

Vietnam Business News

Vietnam Business News

First unboxing video of Apple’s new iPad surfaces from Vietnam

Posted: 14 Mar 2012 10:16 PM PDT

A first look at the new iPad being unpackaged and handled has surfaced from Vietnam, where users got their hands on an LTE-capable model days ahead of Friday’s official launch. The new video comes from Tinhte , which noted there are not many differences in the design of Apple’s new iPad from the iPad 2. It said the new [...]


Vietnam gold prices eased to VND44.38 million a tael on Thursday

Posted: 14 Mar 2012 08:54 PM PDT

Vietnam gold prices eased to VND44.38 million a tael on Thursday morning. World gold dropped 2% in New York last night but rebounded slightly this morning in Asia trade. SJC Hanoi quoted at VND44.11 million/tael for bid and VND44.38 million/tael for ask, respectively as of 8:55 am, Hanoi time. Sacombank-SBJ gold prices were listed at VND44.00-VND44.40 [...]


Vietnam, Chinese businesses enhance cooperation

Posted: 14 Mar 2012 08:30 PM PDT

A delegation of 40 businesses from Macau, China, operating in various fields such as food and beverages, retail, environmental service, financial investment and property management paid a working visit to HCM City on March 13. According to Pham Van Cong, deputy Consul general and Commercial Counsellor of Vietnam to Hong Kong and Macau (China), economic [...]


Vietnam’s March CPI may rise less than 0.5pct: NDHMoney

Posted: 14 Mar 2012 08:30 PM PDT

Vietnam’s consumer price index (CPI) in March 2012 may increase less than 0.5 percent over the previous month, the local online news provider NDHMoney forecasted using calculations from Leontief model and ARIMA method. If this forecast is true, this month CPI is relatively low in comparison with March of recent five years. The country’s CPI [...]


Minister advances plan for economic corridor

Posted: 14 Mar 2012 08:18 PM PDT

Minister of Industry and Trade Vu Huy Hoang has approved a plan for the industrial development of the Lang Son-Hanoi-Haiphong-Quang Ninh economic corridor in the north. It focuses on developing several industry groups – mechanical and metallurgy; electronics, information technology, agro-forestry, food and beverage processing; energy; textiles, footwear and chemicals; construction materials production and supporting [...]


MOF: Vietnam has the right to tax Google and Facebook

Posted: 14 Mar 2012 08:16 PM PDT

Under the current Vietnamese laws, the companies like Google and Facebook have to pay tax for the income gained from the business activities in Vietnam, said Nguyen Van Phung, Deputy Director of the Tax Policy Department of the Ministry of Finance (MOF). Facebook’s, Google’s agents suspected of evading tax in Vietnam Whether the social networks [...]


Auto sales on rise

Posted: 14 Mar 2012 08:15 PM PDT

Seventeen members of the Vietnam Automobile Manufacturing Association (VAMA) in February sold a total of nearly 6,120 vehicles, up a significant 43 percent over January, but down 25 percent compared to a year earlier. Sales of trucks and commercial vehicles doubled to over 3,000 units, while sales of MPV/SUV vehicles grew by 28 percent. VAMA [...]


First LOSP timber processing factory debuts in Vietnam

Posted: 14 Mar 2012 08:15 PM PDT

Timbalink Vietnam Company on March 14 inaugurated a timber processing factory using light organic solvent preservatives (LOSP) and Tan E technology. The factory, located in Bien Hoa City, Dong Nai province, will be officially put into operation in early April 2012. LOSP-treated timber is produced in a dry state in its final form, and usually [...]


Foreign visitors enjoy farming tour in Hoi An

Posted: 14 Mar 2012 08:13 PM PDT

Tourists to Hoi An ancient city, in the central Quang Nam province now have a chance to become local farmers for one day. In a programme designed by Khoa Tran Hoi An Eco-Tour company, a group of Australian tourists recently joined local farmers in Cam Thanh village to plough the fields, grind rice to make [...]


Fitch lowers HAGL’s outlook to ‘negative’

Posted: 14 Mar 2012 08:13 PM PDT

Fitch Ratings has downgraded the outlook of Hoang Anh Gia Lai Joint Stock Company (HAGL) to 'negative' from 'stable'. Accordingly, the company's long-term foreign and local currency issuer default ratings (IDRs) have been affirmed at 'B'. The rating agency has also lowered HAGL's senior unsecured rating to 'B-' from 'B'. Besides, the Recovery Rating of [...]


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