Vietnam Business News

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• Price of gold in domestic market hovered around VND43.8 million a tael
• Spanish businesses eye transport area in Vietnam
• Cheap and small apartments attracting buyers
• Retailing battle getting fiercer in Vietnam
• HCM City’s Q1 FDI attraction drops 96.5pct year-on-year
• What do export statistics show?
• Vietnam share markets may witness recovery from Q3 2012: Dragon Capital
• Vietnam among top 50 Best Countries for Business Ranking
• VN-Index slides on profit-taking
• Fee brews up coffee changes

Price of gold in domestic market hovered around VND43.8 million a tael Posted: 22 Mar 2012 10:41 PM PDT Price of gold in Vietnam hovered around VND43.8 million a tael (1.2 ounces) on March 22 as global price was pinned at US$1,650 an ounce. Sacombank Jewellery Company bought gold at VND43.57 million and sold at VND43.77 million as of 8.50am Vietnamese time. Saigon Jewellery Company, Vietnam's biggest gold processer and trader, collected the metal [...]

Spanish businesses eye transport area in Vietnam Posted: 22 Mar 2012 10:09 AM PDT A delegation of 12 Spanish businesses will visit Vietnam from March 23-28 to learn about possibilities to become one of the leading providers of transport technology solutions in Vietnam. Vietnam and Thailand are two stopovers in their survey, according to the Spanish Association of Manufacturers and Exporters of Equipment and Services for the Railway Industry [...]

Cheap and small apartments attracting buyers Posted: 22 Mar 2012 10:00 AM PDT With an area of less than 50 square metres and price at less than 15 million dong per sqm, the apartment projects aimed at customers with tight budgets still have many buyers. Typically, at the buildings CT4, CT5, CT6 in Xa La urban area (Ha Dong, Hanoi) invested by Lai Chau Construction Co No 1, [...]

Retailing battle getting fiercer in Vietnam Posted: 22 Mar 2012 09:56 AM PDT The retailing battle is getting fiercer as in the first half of March, three foreign giants including Takashimaya, Aeon and Temasek announced projects for Vietnam. So, around 20 leading retailing groups have invested in Vietnam. Meanwhile, domestic retailers' performance has not been going smoothly. In March early, Takashimaya Singapore committed to rent 15,000 square meter [...]

HCM City’s Q1 FDI attraction drops 96.5pct year-on-year Posted: 22 Mar 2012 09:55 AM PDT From early this year to mid-March, HCM City granted license to 59 foreign direct investment (FDI) projects totalling $39 million, down 96.5 percent over last Q1, according to HCM City Statistics Bureau. The capital scale of these projects was small. 15 of 59 newly-licensed FDI projects have investment capital of less than $100,000, of which, [...]

What do export statistics show? Posted: 22 Mar 2012 09:52 AM PDT The high export turnover in 2011 has been hailed as a great achievement of the foreign trade. Especially, the turnover of many import items decreased sharply in comparison with 2010. However, big problems can be found after analyzing the figures. Vietnam earned 3.6 billion dollars from rice exports. However, it needed to spend 2.4 billion [...]

Vietnam share markets may witness recovery from Q3 2012: Dragon Capital Posted: 22 Mar 2012 09:45 AM PDT Research Director of Dragon Capital, Dr Le Anh Tuan said that in the expected recovery period, shares should be given priority for investment. Vietnam is going in the low growth stage but due to high inflation, it will be changing to recovery period in Q3 and Q4 of this year. In the low growth phase, [...]

Vietnam among top 50 Best Countries for Business Ranking Posted: 22 Mar 2012 09:41 AM PDT Vietnam has entered the top 50 Best Countries for Business Ranking, announced Bloomberg on March 21. In Southeast Asia, Singapore ranks 9 th , Malaysia 32 nd , and Vietnam 46 th . Bloomberg Rankings measured 160 markets on a scale of zero to 100 percent based on six factors. These included the costs of [...]

VN-Index slides on profit-taking Posted: 22 Mar 2012 09:40 AM PDT The index of 305 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange tripped 0.02 per cent, or 0.1 points, to close at 445.67 points. Among the index members, 136 increased, 111 decreased, while 63 stocks remained unchanged. Trading volume on the city bourse marginally dropped over the previous trading [...]

Fee brews up coffee changes Posted: 22 Mar 2012 09:40 AM PDT Industry insiders are digging for implications of a proposed fee collection on coffee exports. Under a Vicofa plan, from October 2012 Vicofa members will be obliged to pay $2 for a tonne of export coffee to Coffee Export Insurance Fund in which around 70 per cent of the fund will go towards re-planting coffee areas, [...]

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