Vietnam Business News

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• Office leasing in Vietnam in top 50 costly groups in world
• Experts share different viewpoints on rate cap removal
• Vietnam treasury to auction VND3Tln government bonds on March 22
• March 20: Vietnam stocks edge up, March CPI supports
• Ho Chi Minh’s March CPI slows down to +0.12%: GSO
• Hanoi: March credit growth +0.7%; total deposits +2.3% m-o-m
• Power hikes a fact of life
• PPP yet to deliver tasty fruit
• Car-makers look to hit top gear
• Hanoi to host Enerexpo Vietnam 2012

Office leasing in Vietnam in top 50 costly groups in world Posted: 20 Mar 2012 01:10 AM PDT Property prices generally in Vietnam have been going down compared with 2011 but the office market in two big cities namely Hanoi and HCM City remained in the top 50 expensive cities in rental in the world last year. Knight Frank real estate consulting firm has released the annual report on global property market in [...]

Experts share different viewpoints on rate cap removal Posted: 20 Mar 2012 01:05 AM PDT Some experts raise the need to abolish the deposit interest rate cap while others prefer to keep the rates fluctuate under upper limits to control inflation, the local online newspaper Thanh Nien reported. Le Xuan Nghia, former Deputy Chairman of the National Finance Supervision Committee (NFSC) said it would be best for interest rates to [...]

Vietnam treasury to auction VND3Tln government bonds on March 22 Posted: 20 Mar 2012 01:03 AM PDT The State Treasury of Vietnam will open an auction for VND3 trillion worth of government bonds, distributed equally for 2-year, 3-year, and 5-year tenors at the Hanoi Stock Exchange (HNX) on March 22. These bonds will be issued on March 26, 2012 under the book entry form and mature on Mar 19, 2014 for 2-year [...]

March 20: Vietnam stocks edge up, March CPI supports Posted: 20 Mar 2012 01:03 AM PDT Vietnamese stocks edged up in the morning session with support from low March CPI figure, however, liquidity stayed low as high caution remained. The benchmark VN Index added 0.45 point or 0.1% to 438.52. Volume stood at 41.39 million shares worth VND566.3 billion of which put-through trading contributed 4.1 million shares worth VND75.64 billion. Put-through [...]

Ho Chi Minh’s March CPI slows down to +0.12%: GSO Posted: 20 Mar 2012 01:02 AM PDT Ho Chi Minh City's consumer price index (CPI) in March 2012 is estimated to have increased by+ 0.12% from February, extending the city's CPI to rise by +2.35% in the first 3 months of this year, the municipal General Statistics Office (GSO) said. Ho Chi Minh's March CPI recorded a lower on-month rise compared with [...]

Hanoi: March credit growth +0.7%; total deposits +2.3% m-o-m Posted: 20 Mar 2012 01:01 AM PDT Total outstanding loans of commercial banks in Hanoi are estimated at VND581.218 trillion in March, up 0.7% on-month, yet easing 0.8% from end-2011, according to statistics from the municipal Statistics Office. Short-term loans rose by 0.8% from last month, yet falling 3.7% from last December while medium- and long-term loans climbed by 0.5% and 3.8% [...]

Power hikes a fact of life Posted: 20 Mar 2012 12:58 AM PDT Head of the Ministry of Industry and Trade's (MoIT) Electricity Regulatory of Vietnam Dang Huy Cuong sheds some light on Vietnam's power price situation. The power price has hiked six-fold in the past decade, three-fold in the past two years. When will power price hikes stop? Minister of Finance (MoF) Vuong Dinh Hue confirmed the [...]

PPP yet to deliver tasty fruit Posted: 20 Mar 2012 12:56 AM PDT The public-private partnership agriculture model needs a boost to yield rich rewards. In mid 2011, Thai Hoa Group Joint Stock Company came up with a public-private partnership (PPP) model in growing coffee in Lam Dong, Quang Tri, Son La and Dien Bien provinces. By that time, the company expected the PPP project could bring breakthroughs [...]

Car-makers look to hit top gear Posted: 20 Mar 2012 12:56 AM PDT Car manufacturers are driving to boost sales amid fears the current fee scheme will hurt business plans. Toyota Motor Vietnam (TMV) aims to sell 550 Innova and 560 Fortuner multi-purpose vehicles per month. However, these sales figures do not take into account fee factors like the road-use fee to be applicable from June 1, 2012 [...]

Hanoi to host Enerexpo Vietnam 2012 Posted: 20 Mar 2012 12:49 AM PDT The second International Exhibition for Renewable and Decentralized Energy Solutions 2012 (Enerexpo Vietnam) is going to take place in Hanoi from March 21-23. The event is jointly organized by the Vietnamese Ministry of Science and Technology's National Agency for Science and Information Technology and the International Exhibition and Fair Services Company under the Messe Munchen [...]

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