Vietnam Business News

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• Exporters face significant challenges
• Tuna exports up 23% in Q1
• Villas turn Halong Bay island into paradise
• Mercedes sales and service heading Central
• Bank loans are still inaccessible, say realty firms
• Vietnam’s April CPI slows down to +0.05%: GSO
• Gold prices edged up to VND42.79 million/tael on Monday morning
• Volkswagen to build new plant in China’s west
• Nokia adds to nation’s mobile credentials
• Taiwan’s property sales fall to 10-year low

Exporters face significant challenges Posted: 22 Apr 2012 11:39 PM PDT The country’s exports are experiencing significant challenges, according to a poll released by the Viet Nam Trade Promotion Agency. The three-month survey was launched last August and involved 200 participants, including exporters, trade associations and promotion centres, along with overseas trade representative agencies. More than 24 per cent said companies faced “extreme difficulties” related to [...]

Tuna exports up 23% in Q1 Posted: 22 Apr 2012 11:32 PM PDT Viet Nam recorded a 23.1 per cent year-on-year increase in value of tuna exports in the first three months, compared to the same period last year, bringing it to a total of US$101 million, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP). This year, by mid-March, tuna exports to two African [...]

Villas turn Halong Bay island into paradise Posted: 22 Apr 2012 11:31 PM PDT Tuan Chau Group recently kicked-off its $47.6 million Caye Sereno Halong project to make Tuan Chau island an international destination. Situated on 3.3 hectares in the southwestern part of Tuan Chau Island, the project will be handled by the Tuan Chau Group and the Jen Capita, an affiliate of the Hong Kong-based Chiaphua Group with [...]

Mercedes sales and service heading Central Posted: 22 Apr 2012 11:31 PM PDT Mercedes-Benz is continuing to prosper with the expansion of its prestigious luxury brand name business. Mercedes-Benz Vietnam last week landed in Danang with two special events – the handover of Mercedes-Benz fleet to Hyatt Regency Danang Resort and Spa and opening of a state-of-the-art Mercedes-Benz An Du Autohaus dealer in the central city. The fleet, [...]

Bank loans are still inaccessible, say realty firms Posted: 22 Apr 2012 11:30 PM PDT Despite the State Bank of Vietnam's announcement on the loosening of the tightened credit valve targeting the real estate sector a fortnight ago, industry players say loans are still beyond their reach, while their projects remain sluggish. A number of realty businesses said their loan applications have been rejected by banks for a myriad of reasons. One [...]

Vietnam’s April CPI slows down to +0.05%: GSO Posted: 22 Apr 2012 10:02 PM PDT Vietnam consumer price index (CPI) in April is estimated to have increased by 0.05% from March mostly thanks to a fall in prices of food and food stuff, the General Statistics Office said on its website on April 23th. This year's April on-month CPI growth recorded the lowest rise over the last 30 months (2009's [...]

Gold prices edged up to VND42.79 million/tael on Monday morning Posted: 22 Apr 2012 10:00 PM PDT Vietnam gold prices edged up to VND42.79 million/tael on Monday morning, world gold prices are steady both in New York and Asia trade this morning. SJC Hanoi quoted at VND42.57 million/tael for bid a nd VND42.79 million/tael for ask, respectively as of 9:26 am, Hanoi time. Sacombank-SBJ gold was listed at VND42.69-VND42.77 million/tael for bid [...]

Volkswagen to build new plant in China’s west Posted: 22 Apr 2012 10:00 PM PDT The German automaker Volkswagen will build a new plant in Xinjiang, a province in China’s undeveloped far west, a company official said on Sunday. “We believe that there’s big potential in the west ofChina,” marketing and distribution chief Christian Klingler said in Beijing on the eve of a major auto show in the Chinese capital. “The new [...]

Nokia adds to nation’s mobile credentials Posted: 22 Apr 2012 09:59 PM PDT The world's largest mobile phone maker Nokia this week starts work on its first factory in Vietnam. Vietnam is a lucrative market for global mobile phone makers The $302 million factory, located in northern Bac Ninh province's Vietnam-Singapore Industrial Park, will be Nokia's 11th in the world and is a part of its plan to [...]

Taiwan’s property sales fall to 10-year low Posted: 22 Apr 2012 09:58 PM PDT Property sales in Taiwan fell almost 40 percent in the first quarter of 2012 to a ten-year low, mainly due to a new “luxury tax” aimed at reining in speculators, the interior ministry said Saturday. About 64,000 properties were sold or purchased in the three months to March, the lowest level since 2002, down 38.9 [...]

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