Vietnam Business News

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• Bigger wave of investment from Japan
• Debt-ridden absentee fisheries CEO urged to return
• Exporting rice now the game of the big guys
• The State to buy some properties, investors hope property market will recover
• Local authorities keep heavy handed to slow FDI projects
• Blue chips lead City recovery
• Domestic gold prices fell by VND300,000 a tael as global price declined
• Higher gold price ignites selling
• Falling March foreign arrivals signal low inbound season
• High insurance coverage for luxury outbound tour buyers

Bigger wave of investment from Japan Posted: 28 Mar 2012 10:34 PM PDT Investment inflows from Japan are becoming very strong, including those from small- and medium-sized enterprises, a Vietnamese Chief Executive Office has affirmed. Having recently returned from a Japan visit, Nguyen Hoang, President of N&G Company, said his assessment is based on not only the presence in Vietnam of Japanese giants such as Shimizu, but also [...]

Debt-ridden absentee fisheries CEO urged to return Posted: 28 Mar 2012 10:33 PM PDT Can Tho municipal government has requested, the CEO of seafood processing giant Binh An SeaFood Joint Stock Company (Bianfishco) Pham Thi Dieu Hien to return Vietnam to settle her debts. Mrs. Pham Thi Dieu Hien. Vo Thanh Thong, Vice Chairman of the city's People's Committee, made the statement on March 27. "Hien has yet to complete [...]

Exporting rice now the game of the big guys Posted: 28 Mar 2012 10:32 PM PDT One year after the day the government's Decree 109– stipulating the conditions for rice exporters; the market has witnessed the leave of a lot of enterprises. Under the decree, an enterprise must have at least one husking workshop with the minimum capacity of 10 tons per hour, and have at least one storehouse with the [...]

The State to buy some properties, investors hope property market will recover Posted: 28 Mar 2012 10:32 PM PDT Deputy Minister of Construction Nguyen Tran Nam has revealed that the ministry is considering buying some real estate projects which have the sale prices of 15-17 million dong per square meter, for public agencies' offices. The exit door? When releasing the information about the state's plan to buy some properties to use as public agencies' [...]

Local authorities keep heavy handed to slow FDI projects Posted: 28 Mar 2012 10:31 PM PDT More and more foreign direct investment (FDI) projects have been licensed in recent years. Some slow projects have not been seen their licensed revoked, but have received firm warnings from local authorities. Analysts all have commented that FDI attraction in Vietnam has entered a new period which witnesses basic changes in the way of approaching [...]

Blue chips lead City recovery Posted: 28 Mar 2012 10:30 PM PDT The benchmark VN-Index regained over 2 points from the morning’s loss to close yesterday up 0.09 per cent to 446.32. The volume of trades decreased 32 per cent from the previous session, however, totalling 82 million shares. The value of trades topped VND1.4 trillion (US$67 million), while advancers pipped decliners overall by 116-107. Twelve codes [...]

Domestic gold prices fell by VND300,000 a tael as global price declined Posted: 28 Mar 2012 10:28 PM PDT Price of gold in Vietnam fell by VND300,000 a tael (1.2 ounces) on March 28 as global price declined after approaching US$1,700 an ounce due to a stronger US dollar. Sacombank Jewellery Company bought gold at VND44.15 million and sold at VND44.32 million as of 8.30am Vietnamese time. Saigon Jewellery Company, Vietnam's biggest gold processer [...]

Higher gold price ignites selling Posted: 28 Mar 2012 10:28 PM PDT The domestic gold price on Tuesday morning jumped by VND550,000 per tael against the preceding day, reaching VND44.3 million for buying and VND44.55 million for selling at Saigon Jewelry Company (SJC). However, at 9:00 a.m., SJC adjusted down the price by VND180,000 per tael from early trade when it bought the yellow metal at VND44.12 [...]

Falling March foreign arrivals signal low inbound season Posted: 28 Mar 2012 10:27 PM PDT The number of international tourist arrivals in March has dipped month-on-month, accounting for only 82.4% of last month's, but the number is still 18.7% higher than the same period last year. The General Statistics Office (GSO) reported the country this month has welcomed nearly 562,000 international visitors, taking the total number of foreign tourists to [...]

High insurance coverage for luxury outbound tour buyers Posted: 28 Mar 2012 10:26 PM PDT Saigontourist Travel Service Company on Tuesday clinched a cooperation deal with Chartis Vietnam Insurance Company Limited to offer an insurance coverage of up to VND2.1 billion per case to buyers of luxury outbound tours. All customers taking package tours in the Premium Travel program of Saigontourist Travel to America, Europe, Africa, Australia, New Zealand and [...]

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