Vietnam Business News

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• Vietnam seafood exports touches $1.79Bln in Jan-April: Custom
• Gold rose to VND41.35 million/tael on Friday morning
• HSBC expects Vietnam to cut rate in “two weeks”
• Vietnam FDI disbursement reaches $4.51Bln in Jan-May 20: MoPI
• Italy seeks business opportunities in Vietnam
• Seminar discusses US anti-dumping measures
• Office buildings offer flexible rents to woo tenants
• Bank cards mainly used for cash withdrawal
• SMEs promised full support to join China’s int’l fair
• Minister says careful in fuel price adjustment

Vietnam seafood exports touches $1.79Bln in Jan-April: Custom Posted: 24 May 2012 11:16 PM PDT Vietnam's sea food export is estimated to have brought back $1.79 billion forex in the first 4 months of this year, up of 12.8% from a year earlier, the Vietnam General Department of Customs said on its release on May 18. In April alone, the country earned $505 million from seafood export, falling 4.7% from [...]

Gold rose to VND41.35 million/tael on Friday morning Posted: 24 May 2012 11:15 PM PDT Vietnam gold rose by VND190,000 a tael from yesterday close to VND41.35 million/tael on Friday morning, a lower level compared with yesterday morning. World gold eased in Asia trade this morning after climbing in New York trade last night. SJC Hanoi quoted at VND41.13 million/tael for bid and VND41.35 million/tael for ask, respectively as of [...]

HSBC expects Vietnam to cut rate in “two weeks” Posted: 24 May 2012 11:13 PM PDT The State Bank of Vietnam (SBV) will likely cut rates further in the next two weeks . The Hongkong and Shanghai Banking Corporation (HSBC) forecasted that the State Bank of Vietnam (SBV) will likely cut rates further in the next two weeks amid decelerating inflation and slowing growth on sluggish demand, the firm said in [...]

Vietnam FDI disbursement reaches $4.51Bln in Jan-May 20: MoPI Posted: 24 May 2012 11:12 PM PDT Vietnam is estimated to have disbursed a total of $4.51 billion foreign direct investment (FDI) capital in the Jan-May 20th, 2012, accounting for 84.77% of the country's FDI attraction in the period ($5.32 billion), down 0.2% from a year earlier. The figures were provided by the Foreign Investment Agency under the Ministry of Planning and [...]

Italy seeks business opportunities in Vietnam Posted: 24 May 2012 11:09 PM PDT More than 40 small and medium enterprises (SME) from Italy attended a seminar on development of the Vietnam-Italy business partnership, in Ho Chi Minh City on May 24. Representatives from the two countries introduced the partnership and business opportunities for foreign investors. The seminar heard that foreign direct investment in Vietnam is rising, especially in [...]

Seminar discusses US anti-dumping measures Posted: 24 May 2012 11:08 PM PDT A seminar on US anti-dumping and countervailing duty proceedings to protect exports from US anti-dumping and countervailing measures was held in Hanoi on May 24. The seminar was jointly held by Vietnam Chamber of Commerce and Industry (VCCI) and the Trade Remedies Council. According to Tran Huu Huynh, VCCI Deputy General Secretary, one of the [...]

Office buildings offer flexible rents to woo tenants Posted: 24 May 2012 11:08 PM PDT Developers of new office buildings have adopted a flexible approach towards rent fixing to spur flagging occupancy as dampened demand has taken its toll on the HCMC office market for three years in a row. The market has seen a shift in investors' strategic trajectory. Landlords previously asked for high rentals but this strategy has [...]

Bank cards mainly used for cash withdrawal Posted: 24 May 2012 11:06 PM PDT Bank cards are mainly used for cash withdrawal in the country, with the total withdrawn money accounting for 82% of the total transaction value conducted via the ATM system, said the Vietnam Bank Card Association. The association stated bank cards are not used as an efficient non-cash payment instrument. Instead, banks must store a huge [...]

SMEs promised full support to join China’s int’l fair Posted: 24 May 2012 11:05 PM PDT Local small and medium-sized enterprises (SMEs) putting their names down to join the China International Small and Medium Enterprises Fair 2012 (CISMEF) in September will be subsidized full expenses of participation, the organizers said on Wednesday. The financial support package covers all expenses, from decoration to promotion during the event scheduled for September 22 to [...]

Minister says careful in fuel price adjustment Posted: 24 May 2012 11:04 PM PDT The Ministry of Finance has given careful consideration to fuel price adjustment, as seen in its decision to inch down retail fuel price by VND300-600 per liter from 3:30 pm on Wednesday, said Minister Vuong Dinh Hue. The price of popular A92 gasoline dropped VND600 to VND22,700 per liter while that of diesel oil fell [...]

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