Vietnam Business News

---

• Gold prices fell VND130,000 to VND43.63 million/tael on Wednesday
• Housing saving fund project to be submitted to the government in April
• Vietnam central bank supports SHB and HBB’s M&A in principle; not yet approves officially
• Vietnam’s April CPI to show surprise: experts
• April 4: Vietnam central bank keeps dollar exchange at vnd20,828
• Gold in domestic market hovers around VND44 million
• Joint stock firms suggested for sustainable rice development
• Vinashin kicks off debt settlement process
• Fuel-efficient autos drive sales higher
• BlackBerry maker out to capitalize on rivals

Gold prices fell VND130,000 to VND43.63 million/tael on Wednesday Posted: 03 Apr 2012 11:37 PM PDT Vietnam gold prices fell VND130,000 from yesterday close to VND43.63 million/tael on Wednesday morning following the world gold prices. SJC Hanoi quoted at VND43.41 million/tael for bid and VND43.63 million/tael for ask, respectively as of 9:27 am, Hanoi time. Sacombank-SBJ gold was listed at VND43.45-VND43.60 million/tael for bid and ask, respectively. Rong Thang Long gold, a [...]

Housing saving fund project to be submitted to the government in April Posted: 03 Apr 2012 10:48 PM PDT Ministry of Construction will submit the project of housing saving fund to the government in April and start the pilot operation of the fund in Hanoi and HCM City by the end of 2012 or 2013. The information was shared at the seminar in Hanoi on March 28 about general solutions for the property market [...]

Vietnam central bank supports SHB and HBB’s M&A in principle; not yet approves officially Posted: 03 Apr 2012 10:45 PM PDT The State Bank of Vietnam (SBV) said in a document a few days ago that it principally agreed on the merger plan of Habubank and SHB, the local online newspaper VnEconomy.vn reported, citing its private source. However, the document only serves to express the central bank's own opinions on the issue, but not the SBV's [...]

Vietnam’s April CPI to show surprise: experts Posted: 03 Apr 2012 10:43 PM PDT Vietnam consumer price index (CPI) in April is foreseen to show surprise as prices of many commodity will have large fluctuations, said local economic experts. The March CPI was not much affected by the petroleum price hike due to policy lag. However, high price of petroleum will impact on goods and services in April because [...]

April 4: Vietnam central bank keeps dollar exchange at vnd20,828 Posted: 03 Apr 2012 10:40 PM PDT Vietnam’s central bank quoted the U.S dollar exchange rate at VND20.828 on Wednesday, unchanged for more than 4 months, the longest string since it has been applied but also the highest one. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling [...]

Gold in domestic market hovers around VND44 million Posted: 03 Apr 2012 10:35 PM PDT Price of gold in Vietnam retreated to around VND44 million a tael (1.2 ounces) on April 3 after jumping to VND44.2 million at the start of the day while global price advanced slightly. Sacombank Jewellery Company bought gold at VND43.83 million and sold at VND43.98 million as of 10.05am Vietnamese time. Saigon Jewellery Company, Vietnam's [...]

Joint stock firms suggested for sustainable rice development Posted: 03 Apr 2012 10:33 PM PDT A local expert has said joint stock agriculture companies should be set up to secure sustainable development in the rice growing sector, and increase rice value and profits for farmers. Speaking at a seminar on Mekong Delta rice development in Dong Thap Province last Friday, professor Vo Tong Xuan, president of Tan Tao University in [...]

Vinashin kicks off debt settlement process Posted: 03 Apr 2012 10:32 PM PDT The Vietnam Shipbuilding Industry Group (Vinashin) may issue bonds under the government's guarantee to pay a part of its huge debt, Thoi bao Kinh te Saigon has reported, quoting a source from a finance institution. The information proves to be reliable, especially when it coincides with the information from another source – a creditor of [...]

Fuel-efficient autos drive sales higher Posted: 03 Apr 2012 10:30 PM PDT US auto sales revved up in March amid an improving economy and as high gasoline prices boosted buying of fuel-efficient vehicles, US and foreign automakers said Tuesday. General Motors Company, the world’s biggest automaker by sales, reported March sales of 231,052 vehicles in the United States, up 12 percent from a year ago. Solid gains [...]

BlackBerry maker out to capitalize on rivals Posted: 03 Apr 2012 10:30 PM PDT Research In Motion launched a new software platform Tuesday that lets businesses manage smartphones made by rivals that have been devouring the BlackBerry maker’s market share. BlackBerry Mobile Fusion was launched as a “next-generation mobile device management solution” for companies faced with a growing trend of employees wanting to use their iPhones, iPads or competing Android [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610