Vietnam Business News

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• Property market tipped to recover
• Bank liquidity improving, says ministry
• Sluggish trade weighs on markets
• Lang Co Bay proves must-see destination
• VN-Japan initiative improves economic development policies
• Kazakhs visit central Vietnam
• Specialty retailers expected to replace general supermarkets
• Vietnam-Malaysia trade to reach over US$7 billion
• Wind-energy farms may get Government’s priority
• Vietnam’s 2012 economy to grow by 5.2 percent – forum

Property market tipped to recover Posted: 23 Nov 2012 07:26 PM PST The country’s real estate market is expected to recover in the next two years due to the downward trend of housing prices, a stable foreign exchange and lower interest rate, economist Dinh The Hien has said. Hien was speaking at a conference exploring property market opportunities, held in HCM City on Wednesday. He added that [...]

Bank liquidity improving, says ministry Posted: 23 Nov 2012 07:25 PM PST Higher liquidity in the nation’s banking system has helped lower systemic risks, according to a Ministry of Planning and Investment report on restructuring of the financial industry submitted to the National Assembly. “The State Bank of Viet Nam has basically put weaker commercial banks under control, and the liquidity of these banks has improved significantly,” [...]

Sluggish trade weighs on markets Posted: 23 Nov 2012 07:18 PM PST Sluggish trading dragged down both national stock exchanges on November 22. The VN-Index on the HCM Stock Exchange gave up 0.17 percent to close at 383.22 points with the value of trades halving from November 21′s level, totalling just 207.5 billion VND (9.9 million USD). Foreign investors concluded the day as net sellers on both [...]

Lang Co Bay proves must-see destination Posted: 23 Nov 2012 07:17 PM PST Lang Co Bay in Thua Thien-Hue province has emerged as a popular destination in the central region for both foreign and local tourists, especially after it was recognised in 2009 as one of the 30 most beautiful bays in the world. The bay boasts the 10km-long Lang Co Beach, located in Phu Loc district, near [...]

VN-Japan initiative improves economic development policies Posted: 23 Nov 2012 07:17 PM PST The Vietnam-Japan Joint Initiative after 10 years of implementation has helped the Vietnamese Government improve economic development policies, in particular the investment environment to attract more investment and develop the country's economy. Minister of Planning and Investment Bui Quang Vinh made the announcement at a meeting held by the Ministry of Planning and Investment (MPI), [...]

Kazakhs visit central Vietnam Posted: 23 Nov 2012 07:17 PM PST Focus Travel of Vietnam will join hands with four travel firms from Kazakhstan to bring Kazakh tourists to Cam Ranh in central Khanh Hoa province on chartered flights. From December 27 to April next year, Focus Travel will have a Boeing 757 aircraft fly from Almaty City in Kazakhstan to Cam Ranh every 10 days. [...]

Specialty retailers expected to replace general supermarkets Posted: 23 Nov 2012 07:16 PM PST Specialty retailing is believed to be the dominant tendency in the near future, because this is the only model to be able to exist in the cutthroat competition among retailers. The impressive figures Three years ago, Dao Xuan Khuong, President of KCP Company, a consultancy firm, said that the time of general supermarkets was nearly [...]

Vietnam-Malaysia trade to reach over US$7 billion Posted: 23 Nov 2012 07:13 PM PST Two-way trade between Vietnam and Malaysia in 2012 is expected to expand 4.5% from 2011 to hit over US$7 billion, according to Vietnam's Commerce Office in Malaysia. In the first ten months of this year, the bilateral trade registered nearly US$6.53 billion, up 21.1% over the same period last year, said the office. Of which, [...]

Wind-energy farms may get Government’s priority Posted: 23 Nov 2012 07:13 PM PST Wind farms that offer economic efficiency and plan to connect with the national grid could be given priority status by the Government as it seeks to modernize the nation’s energy supply. The Ministry of Industry and Trade has issued circular No 32/2012/TT-BCT on Wind Energy Projects and a template Contract on buying and selling for [...]

Vietnam’s 2012 economy to grow by 5.2 percent – forum Posted: 23 Nov 2012 07:12 PM PST Vietnam's economic growth rate in 2012 is forecast at 5.2 percent. It is the second adjustment from the previous projections of 5.5 percent and 6.5 percent, and is due to the slowing down of the country's socio-economic performance in the first 10 months of 2012. Nguyen Thi Tue Anh, head of the Competition Capacity and [...]

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