Vietnam Business News

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• Quang Ngai lures investment
• Trade surplus with Indonesia rises
• Ministry to keep fuel prices despite world trend
• Mekong Delta farmers in despair over low sugarcane price
• Agriculture attracts low foreign direct investment
• Gold market proves a major conundrum
• Shares manage gains thanks to blue chips
• New rules govern share issuance, redemption

Quang Ngai lures investment Posted: 10 Oct 2012 04:40 AM PDT Doan Tan Hau, head of the Quang Ngai Industrial Zone Management Board, said the province had three industrial zones with 71 per cent of the three zones occupied to build factories. During of the economic crisis period from 2010 to now, the province still managed to attract four foreign investment projects with a total registered [...]

Trade surplus with Indonesia rises Posted: 10 Oct 2012 04:40 AM PDT Viet Nam’s increasing volume of trade with Indonesia enjoyed a surplus of US$40 million in the first nine months of this year, according to the Viet Nam Embassy’s Trade Mission in Indonesia. Of an estimated $3.3 billion traded in the reviewed period, Viet Nam’s exports totalled over $1.66 billion, a year-on-year rise of 5.43 per [...]

Ministry to keep fuel prices despite world trend Posted: 10 Oct 2012 04:39 AM PDT Fuel prices in Vietnam will remain unchanged, the Ministry of Finance said in a document released Tuesday in response to local headlines suggesting that the rates would be cut in accordance with the recent downward trend on the world market. The ministry admitted that world prices have dropped at certain points during the last few [...]

Mekong Delta farmers in despair over low sugarcane price Posted: 10 Oct 2012 04:29 AM PDT The domestic sugarcane industry is being crippled by low prices offered by smuggled Thai sugarcane, which is readily available in abundance in markets in the country, causing much anguish to sugarcane farmers in the Mekong Delta. Nguyen Thanh Long, chairman of the Vietnam Sugar and Sugarcane Association (VSSA), said in an exchange with Saigon Giai [...]

Agriculture attracts low foreign direct investment Posted: 10 Oct 2012 04:27 AM PDT The Ministry of Agriculture and Rural Development on Tuesday said that the agriculture industry attracted only 0.77 percent of foreign direct investment (FDI) during the period 2001-2010. At a meeting in Ho Chi Minh City, to promote breeding, the ministry said that despite low FDI, the field of agriculture contributed almost 24 percent towards the [...]

Gold market proves a major conundrum Posted: 10 Oct 2012 04:26 AM PDT Industry insiders are trying to get their heads around how to effectively control the local bullion market. The state's monopoly in gold bar production and only SJC gold bars allowed in market are believed to stand behind the widening gap in domestic and world market gold prices. Banking expert Nguyen Dai Lai said the gap [...]

Shares manage gains thanks to blue chips Posted: 10 Oct 2012 01:28 AM PDT Stocks managed to post gains on the HCM City Stock Exchange by the end of this morning despite the fact that they began the day at a low value. The benchmark VN-Index rose 0.14 per cent to 394.24 points but the trading value decreased nearly 23 per cent from yesterday morning’s level, reaching more than [...]

New rules govern share issuance, redemption Posted: 10 Oct 2012 01:18 AM PDT The Ministry of Finance issued Circular No 130/2012/TT-BTC o­n August 10, regulating the redemption and resale of treasury shares by enterprises and certain additional share issues. Under the circular, public companies which seek to redeem shares must have sufficient capital reflected in its most recent audited financial statements. Except in cases of public tenders or [...]

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