Vietnam Business News

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• Portable-goods mini supermarkets in Hanoi
• Investors cheer low inflation, delayed electrical rate hikes
• Gold edges up to VND44,15 Mln/Tael
• Delta seafood firms, farmers in chain of debts
• Bar raised on FDI projects Tightenfdi
• FDI keeps on sliding
• Ford driving to make roads safe
• Tay Ho Tay New Town drives Hanoi forward
• $1bn park supports key sector
• Economic restructuring urged to speed up: experts

Portable-goods mini supermarkets in Hanoi Posted: 25 Mar 2012 11:56 PM PDT Mini supermarkets specializing in selling foreign products from Korea, Germany, and Thailand have recently mushroomed in Hanoi, putting on shelf a number of products which are, however, not officially brought to the country. Most of the products at these mini shops are hang xach tay, a local term to describe portable goods that are brought [...]

Investors cheer low inflation, delayed electrical rate hikes Posted: 25 Mar 2012 11:53 PM PDT Stocks are expected to extend their rally into this week as investors’ short-term economic concerns related to inflation have eased with the release of March CPI data and the decision by Electricity of Viet Nam to delay any further electrical rate hikes. The nation’s consumer price index (CPI) in March was reported to have risen [...]

Gold edges up to VND44,15 Mln/Tael Posted: 25 Mar 2012 11:52 PM PDT Vietnam gold prices inched up to VND44,15 million a tael on Monday morning following the world gold prices. SJC Hanoi quoted at VND44,05 million/tael for bid and VND44,15 million/tael for ask, respectively as of 9:30 am, Hanoi time. SJC Gold price chart for 01/2012 Top Gold News: Gold prices edged higher on Monday Gold can [...]

Delta seafood firms, farmers in chain of debts Posted: 25 Mar 2012 10:50 PM PDT The business cooperation between some seafood processing companies in the Mekong Delta provinces and catfish farmers have turned into a chain of debts, with the processors unable to pay farmers, who in turn also fail to repay the feed suppliers, and so on. The chain can collapse at any time, burdening farmers' with pressure to [...]

Bar raised on FDI projects Tightenfdi Posted: 25 Mar 2012 10:50 PM PDT Provincial authorities are getting tough on long-delayed foreign-invested projects as Vietnam strives to boost the quality of its foreign direct investment inflows. Scores of FDI projects have been slow to start building on cleared sites Bac Giang People's Committee told the Ministry of Planning and Investment (MPI) in March that it was determined to withdraw [...]

FDI keeps on sliding Posted: 25 Mar 2012 10:48 PM PDT The foreign direct investment  disbursement and commitment picture for 2012 remains dark. Foreign direct investment (FDI) in 2012's first quarter fell from 2011, showing no signs of an eagerly awaited recovery. The disbursement capital reached $2.52 billion and the new commitment was $2.63 billion during the first three months of this year, down 0.8 and [...]

Ford driving to make roads safe Posted: 25 Mar 2012 10:47 PM PDT With our DSFL training, we also hope to enhance their knowledge and help make them drive better, safer, and with more awareness of other vehicles on the road – Hoang Van Minh Vice managing director of Ford Vietnam. Ford Vietnam last week started the fifth year of its successful Driving Skills for Life programme, along [...]

Tay Ho Tay New Town drives Hanoi forward Posted: 25 Mar 2012 10:45 PM PDT The Central Area of Tay Ho Tay New Town project is located in Hanoi's Tay Ho, Cau Giay and Tu Liem districts. The urban township adjoins diplomat corp. in the north and fronts onto the city's main arterial spacious roads. The project, a symbol of friendship and cooperation between Vietnam and South Korea, got underway [...]

$1bn park supports key sector Posted: 25 Mar 2012 10:44 PM PDT Three domestic firms last week inked a strategic cooperation deal to build a $1 billion  industrial park in the capital to muscle up supporting industries. Industrial property developer N&G Corp, electronics and IT firm Hanel and DOJI Gold & Gems Group will develop the Hanoi Southern Supporting Industrial Park (Hanssip), based on the expansion of [...]

Economic restructuring urged to speed up: experts Posted: 25 Mar 2012 10:43 PM PDT The drawn-out local economic restructuring process versus the faster Vietnam international integration process is the main reason for Vietnam's chronic macroeconomic instability, said experts at a recent conference in Hanoi. The absence of a strengthened private sector, combined with the incompetent financial market and so much anti-market intervention, have all contributed to the destabilization of the [...]

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