Vietnam Business News

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• Bourses finally bounce back
• Mobile operators asked to stop offering promotions
• Tet bonuses at banks reflect grim economic picture
• Van Don boasts cultural tourism potential
• Speeding up FDI disbursement
• Vietnam, Holland enhance energy cooperation
• Viettel to halt converting EVN Telecom subscriptions soon
• Banks begin charging fees on gold deposits
• Exports to Africa increase sharply
• Vietnam sees great potential in puffer fish exports

Bourses finally bounce back Posted: 29 Nov 2012 04:11 AM PST Shares made gains on the HCM City Stock Exchange this morning, putting an end to the negative streak after six-straight sessions of declines. The VN-Index was up 0.56 per cent to close at 377.90 points, but the value of trades was just a quarter of yesterday’s level, reaching just VND149.3 billion (US$7.1 million). Most blue [...]

Mobile operators asked to stop offering promotions Posted: 29 Nov 2012 04:10 AM PST Four major mobile phone operators in Vietnam have been asked to stop launching new promotional campaigns until the end of this year, as their 'promotion quota' has been exceeded, according to the Vietnam Telecommunications Authority under the Ministry of Information and Communications. Viettel, Vinaphone, MobiFone, and Hanoi Telecom will thus be banned from offering promotions [...]

Tet bonuses at banks reflect grim economic picture Posted: 29 Nov 2012 04:08 AM PST Amid economic difficulties, around 90% of banks may not make their targets for profits this year, which will also affect their Tet bonuses. Majority may not make their targets this year Both salaries and Tet bonuses have long been on the radar of the public, as they often reflect the results of the year’s operations. [...]

Van Don boasts cultural tourism potential Posted: 29 Nov 2012 04:07 AM PST Located 50 km from Ha Long city, the island district of Van Don, consisting of more than 600 islands and islets, owns a cultural heritage treasure – traces of prehistoric man – as well as regional cultural heritage, and national historical and cultural relics. Among them is Van Don commercial port – one of the [...]

Speeding up FDI disbursement Posted: 29 Nov 2012 04:07 AM PST Data on foreign direct investment (FDI) released by the Ministry of Planning and Investment showed that the target of attracting US$15-17 billion this year is unlikely to be achieved. As of November 20, foreign investment, including newly registered and additional capital, reached only US$12.18 billion, equal to 78.6% of the amount recorded during the same [...]

Vietnam, Holland enhance energy cooperation Posted: 29 Nov 2012 04:05 AM PST Holland wants to increase cooperation with Vietnam in five prioritized sectors, especially energy, Minister for Foreign Trade and Development Cooperation Lilianne Ploumen said on November 28. At her meeting with visiting Deputy Prime Minister Hoang Trung Hai in Holland on November 28, the Dutch minister said Vietnam, from an assistance recipient, has become Holland's development [...]

Viettel to halt converting EVN Telecom subscriptions soon Posted: 29 Nov 2012 04:04 AM PST Viettel will stop converting subscriptions from EVN Telecom to Viettel on Saturday after nearly one year doing the conversion for users since it took over the subsidiary from Vietnam Electricity Group (EVN). The military-run telecom company has had to perform procedures for EVN Telecom subscribers to shift to Viettel services as the latter was transferred [...]

Banks begin charging fees on gold deposits Posted: 29 Nov 2012 04:03 AM PST Gold bullion bearing the national brand SJC saw another decrease yesterday of its selling price to VND47.22 million, and the buying price to VND47.07 million ($2,260 – $2,252) per tael. The price fell from Tuesday’s VND47.37 – VND47.22 from Monday’s VND47.36 – VND47.21 million. Nguyen Cong Tuong, gold trading deputy manager of gold trading firm [...]

Exports to Africa increase sharply Posted: 29 Nov 2012 04:03 AM PST Viet Nam’s exports to most large African countries have surged over the past 10 months, according to the General Customs Department of Viet Nam. The country’s exports to Nigeria soared 100 per cent against last year to reach US$100 million. Key export items included computers, electronics and components, transport equipment and garments. Export earnings from [...]

Vietnam sees great potential in puffer fish exports Posted: 29 Nov 2012 01:04 AM PST The Ministry of Agriculture and Rural Development on November 28 sent a document to the Prime Minister asking permission for extension of a pilot project to export puffer fish (ca noc). The increasing demand for Vietnamese puffer fish in the Republic of Korea, Japan, Taiwan and mainland China is opening up great potential for Vietnam's [...]

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