Vietnam Business News

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• Vietnam moves ahead with the plan on merging two stock exchanges
• Retail sales and service revenues increases 11% yoy in Jan- Feb 2013: gso
• More gold bars trading points may be added
• Vietnam VIB changes General Director
• First private credit information center qualified for operation
• Vietnam’s CBU Car Shrinks to 1,000 Units in Feb 2013: GSO
• Feb 28: Vietnam Gold Bucks Trend to Fall to VND43.15Mln/Tale
• Virtual office services prosper
• Retail petrol price to remain unchanged
• Banks Ready Funds for Real Estate

Vietnam moves ahead with the plan on merging two stock exchanges Posted: 28 Feb 2013 12:22 AM PST The merger of the two stock exchanges of Hanoi and HCM City is expected to be decided in 2013, after the State Securities Commission (SSC) submits the merger plan to the Prime Minister. Under the Decision No. 1826 of the Prime Minister, the reshuffling of the stock market, insurance companies and the restructuring of the [...]

Retail sales and service revenues increases 11% yoy in Jan- Feb 2013: gso Posted: 27 Feb 2013 10:30 PM PST Vietnam's total retail sales and service revenues are estimated to have increased by 10.9% on year to VND422.2 trillion ($20.135 billion) in the first 2 months of 2013, the General Statistics Office (GSO) said. The increase is 3.6% with price hike excluded. In February alone, total retail sales and service revenues reached VND212.7 trillion ($10.143 [...]

More gold bars trading points may be added Posted: 27 Feb 2013 10:27 PM PST The State Bank of Vietnam (SBV) has recently asked its branches to check and review gold bars trading points of those firms seeking to add or adjust their bullion trading locations, the local newswire Cafef.vn reported. The SBV has lately received requests from some gold bar traders planning to supplement and adjust their trading points. [...]

Vietnam VIB changes General Director Posted: 27 Feb 2013 09:30 PM PST The Vietnam International Bank (VIB) announced that its general director Duong Thi Mai Hoa decided to leave the post for personal reasons, the local newswire Gafin.vn reported. In three months' time, the bank will organize a meeting to appoint a new general director. Presently, its deputy CEO Le Quang Trung acts as the unlisted bank's [...]

First private credit information center qualified for operation Posted: 27 Feb 2013 09:28 PM PST The State Bank of Vietnam (SBV) issued Document No. 1184/GCN-NHNN to certify that the Vietnam Credit Information Joint Stock Company was qualified for credit information activities. Vietnam Credit Information JS Co. has a charter capital of VND80.9 billion and headquarter located at Room 1303B, Vietcombank Tower, No. 198 Tran Quang Khai, Ly Thai To Ward, [...]

Vietnam’s CBU Car Shrinks to 1,000 Units in Feb 2013: GSO Posted: 27 Feb 2013 08:22 PM PST Vietnam's import of completed built unit (CBU) cars were estimated at 1,000 units ($18 million) in the adjacent month [Feb] of the Lunar New Year, dropping 75% on year and 66.7% on month, the General Statistics Office (GSO) said. This is the lowest import level of CBU cars in the last 14 months, the data [...]

Feb 28: Vietnam Gold Bucks Trend to Fall to VND43.15Mln/Tale Posted: 27 Feb 2013 07:18 PM PST This morning, Vietnam gold extended loss to VND43.1 million/tale after dropping VND350,000/tale from yesterday close, bucking the world gold suit. SJC Hochiminh quoted at VND42.95 million/tael for bid and VND43.15 million/tael for ask, respectively as of 10:16 am, Hanoi time. SJC in the North quoted at VND42.90-43.12 million/tael for bid and ask, respectively. Sacombank-SBJ gold [...]

Virtual office services prosper Posted: 27 Feb 2013 07:17 PM PST The demand for virtual offices has become so increasing high that 20 investors have developed this kind of service in HCM City alone. Virtual offices in high demand Tran Le Thuy, Director of a consultancy firm with the head office on a small alley in Binh Thanh district, said she has made a wise decision [...]

Retail petrol price to remain unchanged Posted: 27 Feb 2013 07:16 PM PST VNS-The Ministry of Finance decided yesterday to allow domestic petrol retailers to receive more money from the Price Stabilisation Fund in a move to keep domestic petrol prices stable in the wake of a global price hike. Accordingly, petrol retailers will get VND2,000 per litre against the current VND1,000 from the Price Stabilisation Fund. The [...]

Banks Ready Funds for Real Estate Posted: 27 Feb 2013 07:11 PM PST Commercial banks in Vietnam have been introducing various preferential lending packages for the real estate sector to stimulate the market, local media reported. The State Bank of Vietnam (SBV) earlier announced to exclude loans for real estate investments from non-production lending. Bankers said that the move would help to spur the local property market and [...]

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