Vietnam Business News

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• Car importers feel the heat
• Economic slump pushes property trading floors out of work
• Vietnamese firms appear at China trade fair
• Government discusses reforming SOEs
• Market retreats below 400 points
• Number of Chinese tourists in Jan-Aug period down
• Japan slaps strict control on Vietnamese shrimp
• Local sugar prices continue downtrend
• Vietnam the 9th destination for APEC investors: PwC
• EVN sells low-price power to farmers

Car importers feel the heat Posted: 06 Sep 2012 10:28 AM PDT Firms are crying for help from state agencies to radically settle the car import dilemma. The Ministry of Industry and Trade (MoIT) took a positive move allowing import businesses to continue importing shipments of brand-new cars from nine seats or less in volumes and types as per contract terms signed before the enactment of Circular [...]

Economic slump pushes property trading floors out of work Posted: 06 Sep 2012 10:24 AM PDT A number of real estate trading floors have disappeared or changed business after a time operating in the gloomy market. The D. C. Real Estate Trading Floor o­n Yen Hoa Street had to close after a year. The head of the trading floor said, “Due to the slump in real estate market, many companies and trading floors [...]

Vietnamese firms appear at China trade fair Posted: 06 Sep 2012 10:21 AM PDT Several companies from the Vietnamese business community are promoting their goods and services at the 3 rd Linyi Trade Fair in China's Shan Dong province. The fair has attracted enterprises from almost 50 countries and territories across the world. The Vietnamese firms attending are mainly involved in the fields of agriculture and handicrafts. Speaking at the opening ceremony on September 6, [...]

Government discusses reforming SOEs Posted: 06 Sep 2012 10:14 AM PDT The Cabinet continued its monthly meeting in Hanoi on September 6 by discussing a project to renovate and improve the efficiency of State-owned enterprises (SOEs). According to Minister of Planning and Investment Bui Quang Vinh, the project focuses on summarising the renovation, development and improvement in efficiency of SOEs since 2001 to ensure the State [...]

Market retreats below 400 points Posted: 06 Sep 2012 10:11 AM PDT As selling pressure increased at the middle of the morning session, the local market erased its initial gains and ended on Wednesday's session under the 400-point line. The VN-Index lost 3.16 points, or 0.79%, from the day earlier to close at 398.92. The market opened a little higher and initially moved up a few points [...]

Number of Chinese tourists in Jan-Aug period down Posted: 06 Sep 2012 10:10 AM PDT The number of Chinese tourists visiting Vietnam in the January-August period dropped by 9.7% from the same period last year, and arrivals from this source market are forecast to remain weak towards the year-end. According to the General Statistics Office, there were nearly 894,000 tourist arrivals from China to Vietnam in the eight-month period, down [...]

Japan slaps strict control on Vietnamese shrimp Posted: 06 Sep 2012 10:04 AM PDT Japan has again imposed all-out ethoxyquin tests on shrimp products imported from Vietnam instead of on only 30% of the shipments after recently finding the banned substance on some batches of products. This decision has sparked grave concerns among local exporters, said the Vietnam Association of Seafood Exporters and Producers (Vasep). Shortly after the 30% [...]

Local sugar prices continue downtrend Posted: 06 Sep 2012 10:04 AM PDT Refined sugar prices plummeted in most markets last week, with an average drop of some VND5,000 per kilo, says the agricultural market analysis and forecast company Agromonitor. In the Hanoi market, refined sugar is currently priced at VND23,500 a kilo, equivalent to the price in HCMC. The price is VND22,500 in Can Tho, and VND24,500 [...]

Vietnam the 9th destination for APEC investors: PwC Posted: 06 Sep 2012 10:02 AM PDT Vietnam ranks the ninth among investment destinations in the Asia – Pacific region targeted by companies in the next 3-5 years, according to a survey of PricewaterhouseCoopers (PwC) announced on Wednesday. The APEC CEO Survey 2012 was carried out by PwC International Survey Unit between June and August 2012, polling 376 chief executive officers (CEOs) [...]

EVN sells low-price power to farmers Posted: 06 Sep 2012 10:02 AM PDT Southern Power Corporation under Vietnam Electricity Group (EVN) has announced that it will sell power to farmers in An Giang Province at a lower price compared to the normal price by subsidizing the price for pumping stations. According to the corporation, EVN will sell power to farmers in this Mekong Delta province at a price [...]

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