Vietnam Business News

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• Real estate brokerages switch to selling … pho
• Automaker association calls for delaying traffic fees
• Vietnam, Thailand boost investment cooperation
• Stocks see correction on both exchanges
• Local gold trader expands operation to Laos
• Gold prices added up by VND 500,000/tael to VND44.55 million/tael on Tuesday morning
• EPS growth of top 50 shares in 2012 at 15.5%: Dragon Capital
• Vietnam’s economic growth estimated at 4pct in Q1/2012
• M&A deals in Vietnam reach $1.5b in Q1: Thomson Reuters
• Vietnamese investors hunting for foreign developed resorts (part 2)

Real estate brokerages switch to selling … pho Posted: 26 Mar 2012 11:30 PM PDT After mushrooming during the prime time of the real estate sector in 2007, many property brokerages in Ho Chi Minh City have since collapsed along with the sluggish market, and have ended up switching to selling everything but realty projects. At the entrance of the Ng. Phi Hung real estate trading floor on Nguyen Thi [...]

Automaker association calls for delaying traffic fees Posted: 26 Mar 2012 11:29 PM PDT The Vietnam Automobile Manufacturers Association (VAMA) has called on the government's administrative agencies to stop implementing the suggestions related to traffic fees that were recently proposed by the Ministry of Transport. The association has filed its documents to the National Assembly Standing Committee, the government, and relevant ministries and agencies, newswire Saigon Times reported. It [...]

Vietnam, Thailand boost investment cooperation Posted: 26 Mar 2012 11:28 PM PDT Vietnamese and Thai businesses have agreed to invest in border economic zones (EZs). Seven agreements were signed by enterprises from the central province of Ha Tinh (Vietnam) and Nakhon Phanom province (Thailand) on March 26 within the framework of an investment promotion conference on Cau Treo International Border Gate Economic Zone. On this occasion, leaders [...]

Stocks see correction on both exchanges Posted: 26 Mar 2012 11:27 PM PDT Shares entered a downward correction phase this morning as all stock indices lost value due to increased selling pressure. On the HCM City Stock Exchange, the VN-Index slid 0.87 per cent to 455.27 points by the end of this morning’s session. The trading value stood high at nearly VND925 billion (US$44 million) on a volume [...]

Local gold trader expands operation to Laos Posted: 26 Mar 2012 11:26 PM PDT The Vietnam Gold Investment and Trading Corporation, or Vietnamgold, has recently set up the subsidiary VietnamGold.LTD in Laos, functioning as a gold and jewelry processor and exporter. The initial investment in the offshoot is US$3 million, and VietnamGold is set to develop a gold refinery to turn Laotian gold sources into high content products for [...]

Gold prices added up by VND 500,000/tael to VND44.55 million/tael on Tuesday morning Posted: 26 Mar 2012 10:24 PM PDT Vietnam gold prices VND 500,000/tael to VND44.55 million/tael on Tuesday morning. SJC Hanoi quoted at VND44,3 million/tael for bid and VND44.55million/tael for ask, respectively as of 9:32 am, Hanoi time. After that, it’s adjusted to VND44,18 – VND44,43 level. Sacombank-SBJ gold prices were listed at VND 44,2 – VND 44,45 million/tael for bid and ask, respectively. [...]

EPS growth of top 50 shares in 2012 at 15.5%: Dragon Capital Posted: 26 Mar 2012 09:27 PM PDT Vietnam's stock market has the most attractiveness level in the region with around 378 companies being traded with the Price to Earning (P/E) ratio of over 5 times and 642 firms being transferred at market prices lower than Price to Book Value (P/B) ratio. This was the assessment of Dragon Capital represented by Research Director [...]

Vietnam’s economic growth estimated at 4pct in Q1/2012 Posted: 26 Mar 2012 09:24 PM PDT The Prime Minister Nguyen Tan Dung on March 23 held discussions with over 30 scientists and economists on Vietnam’s economic situation in the first quarter of 2012. Regarding the economic situation, some people said that Vietnam is moving from passive inflation to controlling inflation actively. The country’s consumer price index (CPI) in March rose only [...]

M&A deals in Vietnam reach $1.5b in Q1: Thomson Reuters Posted: 26 Mar 2012 09:23 PM PDT In a report on mergers and acquisitions (M&A) activities in Asia Pacific (excluding Japan) of Thomson Reuters, the total value of M&A in the first quarter 2012 of companies reached $92.4 billion, down 38% compared to 2011. This quarter saw the lowest M & A activity since the second quarter 2009 ($82.7 billion). China still [...]

Vietnamese investors hunting for foreign developed resorts (part 2) Posted: 26 Mar 2012 09:11 PM PDT The Vietnamese tycoons in the real estate sector believe that it is now the right time to buy real estate products, as the market's difficulties have made the products cheaper. Buy now, make fat profit later The lawyers, who give advices in merger and acquisition (M&A) deals, have said that the economic recession in many [...]

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