Vietnam Business News

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• Local gold prices hovered around VND41.4 million/tael on Friday morning
• Vietnam May PMI falls to 3 months low on weak demand
• $3.34b ODA for agriculture and rural development
• HCM City to have 240 supermarkets and 122 trade centres by 2015
• Vietnam June CPI likely to rise 0.1-0.2%: Market Regulator
• Personal loans rise amid rate cap slump
• Media to promote Vietnam-Japan relations
• An Giang to promote seafood
• Vietnam coffee consumption to surge
• Greece, Vietnam urged to cooperate in int’l forums

Local gold prices hovered around VND41.4 million/tael on Friday morning Posted: 31 May 2012 11:35 PM PDT Local gold prices hovered around VND41.4 million/tael on Friday morning despite weaknesses seen in Asia trade this morning. SJC Hanoi quoted at VND41.2 million/tael for bid and VND41.42 million/tael for ask, respectively as of10:17 am, Hanoi time, around VND50,000/tael lower than yesterday morning. SJC Sacombank-gold was listed at VND41.3-VND41.4 million/tael for bid and ask, respectively. [...]

Vietnam May PMI falls to 3 months low on weak demand Posted: 31 May 2012 11:34 PM PDT Vietnam's May PMI fell to 48.3 from 49.5 in April, the lowest level in 3 months indicating business' slowing down. The data showed that the number of new orders in May fell, the first decline in 3 months. New export orders also fell for the first time since January, especially from customers in Japan and [...]

$3.34b ODA for agriculture and rural development Posted: 31 May 2012 11:33 PM PDT Total official development assistance (ODA) capital for agriculture and rural development and poverty reduction in the 2006-2010 period reached more than $3.34 billion. Of the figure, $ 2.65 billion has been disbursed, 21.76 percent of total national ODA disbursement. They are the initial results of a project on attracting, managing and using ODA capital and [...]

HCM City to have 240 supermarkets and 122 trade centres by 2015 Posted: 31 May 2012 11:32 PM PDT Till April 2012, HCM City had 243 markets, down six markets against 2009; including 17 markets under the category 1, 48 others for category 2 and 178 of category 3, according to HCM City Department of Industry and Trade. Of which, the majority of markets have been built from the state budget, five markets were [...]

Vietnam June CPI likely to rise 0.1-0.2%: Market Regulator Posted: 31 May 2012 11:32 PM PDT Vietnam consumer price index (CPI) in June is foreseen to rise between 0.1% and 0.2% from that of May, the local newspaper Thoi Bao Ngan Hang (Banking Times), citing the domestic market regulation group's forecast. The group sees that prices of essential good have been stable and the demand was not high in the context [...]

Personal loans rise amid rate cap slump Posted: 31 May 2012 11:30 PM PDT Banks are offering lower interest rates on personal loans as interest-rate caps have fallen to 11 per cent. The Viet Nam International Commercial Joint Stock Bank (VIB), for instance, has launched a credit package of VND1 trillion (US$47.8 million) with an interest rate of 14.2 per cent per year for the first three months for [...]

Media to promote Vietnam-Japan relations Posted: 31 May 2012 11:27 PM PDT The Media of Vietnam and Japan should promote cooperation to strengthen mutual understanding and friendly relations between the governments and peoples of both countries. The Vietnamese Ambassador to Japan, Doan Xuan Hung, stated this at a reception for representatives of Japan's daily newspaper the Nikkei and the Vietnam News Agency's bureau in Tokyo on May [...]

An Giang to promote seafood Posted: 31 May 2012 11:27 PM PDT The tra fish production industry in southern An Giang Province has faced many challenges despite an increase in export value during the first five months of this year. According to the An Giang Agriculture and Rural Development Department, in the first five months this year, the province exported 57,000 tonnes of tra fish products, earning [...]

Vietnam coffee consumption to surge Posted: 31 May 2012 11:26 PM PDT The US Department of Agriculture (USDA) on Tuesday forecast Viet Nam’s coffee consumption in the 2012-13 crop would likely reach 1.83 million 60-kg bags, against 1.7 million bags in 2011-12. The USDA also expected that Viet Nam, the world’s largest producer and exporter of robusta beans, would gain the largest ever bumper crop in the [...]

Greece, Vietnam urged to cooperate in int’l forums Posted: 31 May 2012 11:25 PM PDT State Vice President Nguyen Thi Doan has expressed hope that Vietnam and Greece will work closely together at the UN and other international forums. During her courtesy visit to Greek President Karolos Papoulias in Athen on May 31, Vice President Doan reaffirmed Vietnam's policy of tightening ties with Greece, through regular exchange of delegations at [...]

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