Vietnam Business News

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• Is $564 per square metre sustainable in Vietnam?
• Mini-apartment sector at risk
• Mekong Delta intensifies investment promotion in Hong Kong
• Vietnam’s automobile industry in stagnation
• Vietnam nears first trade surplus since 1992 after revisions
• Vietnam promises best environment for Japanese investors
• Despite economic downturn, FMCG manufacturers still see opportunities in VN
• Vietnam banks stop taking gold deposits; collect fees for gold keeping
• Ailing banks seek strategic partners for restructuring
• Retail banking at the crossroads

Is $564 per square metre sustainable in Vietnam? Posted: 27 Nov 2012 08:05 PM PST CBRE research shows the average rate of office rent was around $42 per square metre in the past few months, down from the high but still a level that is at a premium to Bangkok and Kuala Lumpur. Respected property firm CBRE research shows the average rent for A-grade office space in Hanoi (Vietnam's capital) [...]

Mini-apartment sector at risk Posted: 27 Nov 2012 08:01 PM PST After warming up the real estate market, the ‘mini-apartment’ sector is currently facing a slump as housing prices in other sectors go down. The price of a mini apartment averages around VND20 million (USD960) per square metre, topping off at VND30-35 million per square metre. In comparison with other sectors of the real estate market, [...]

Mekong Delta intensifies investment promotion in Hong Kong Posted: 27 Nov 2012 08:01 PM PST Can Tho City hosted a seminar on November 26 to strengthen the effectiveness of investment and trade promotion targeting businesses from Hong Kong Special Administrative Region (HKSAR). The event was co-organised by Can Tho City's People's Committee and the China Manufacturer Alliance (CMA). Delegates heard introductory briefings on the potential advantages of the entire Mekong [...]

Vietnam’s automobile industry in stagnation Posted: 27 Nov 2012 08:00 PM PST Even though the peak season of Tet Lunar New Year is nearing, October auto sales continued to dip, causing the car production line to slow down in an already dying car industry. The Vietnam Automobile Manufacturers Association (VAMA) reported October industry sales figures at 7,998 units, which included 3,128 cars and 4,870 trucks. The locally [...]

Vietnam nears first trade surplus since 1992 after revisions Posted: 27 Nov 2012 07:58 PM PST Vietnam reported a trade surplus for the 11 months through November as exports of electronics and apparel weathered a global slowdown, putting the nation on course for its first annual surplus in two decades. Exports exceeded imports by US$14 million in the January-to- November period after last month's trade balance was revised to a $156 [...]

Vietnam promises best environment for Japanese investors Posted: 27 Nov 2012 07:58 PM PST Vietnam considers Japan its leading partner in foreign direct investment (FDI) and pledges to provide the best environment for Japanese investors. Vietnamese Minister of Planning and Investment Bui Quang Vinh made the affirmation at the sixth Vietnam-Japan Economic Forum, which took place in Tokyo on November 27. He said that the forum, jointly held by [...]

Despite economic downturn, FMCG manufacturers still see opportunities in VN Posted: 27 Nov 2012 07:57 PM PST While most investors keep hesitant in making investment decisions at this moment, in the context of the economic downturn, fast moving consumer goods (FMCG) still march forward in the Vietnamese market. The foreign direct investment (FDI) situation in the first 10 months of the year proves to be unsatisfactory, with the registered capital just accounting [...]

Vietnam banks stop taking gold deposits; collect fees for gold keeping Posted: 27 Nov 2012 07:45 PM PST Most commercial banks have already ceased mobilizing gold deposits by November 25 and many started collecting fees for keeping customers' gold in safe deposit boxes, the local media reported. Saigon Commercial Bank (SCB) said it had stopped gold mobilization since late last week. The bank voiced to keep for free gold in deposits that have [...]

Ailing banks seek strategic partners for restructuring Posted: 27 Nov 2012 07:44 PM PST Ailing and merged banks are looking for strategic shareholders to help them restructure and deal with bad debts. Sai Gon Commercial Bank (SCB), a merged bank that combines the former Sai Gon Commercial Bank, TinNghia Bank and Ficombank, is currently restructuring under supervision from the State Bank of Viet Nam. The bank has recently ratified [...]

Retail banking at the crossroads Posted: 27 Nov 2012 07:44 PM PST Dr. Andreas Stoffers, a German retail banker with considerable experience in Vietnam's banking sector, analyses the challenges and prospects for undertaking retail banking in Vietnam. Once ASEAN's roaring tiger, Vietnam's economy has now become a pussy cat. As a result, outside observers are now raising the question whether this South East Asian economy is still [...]

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