Vietnam Business News

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• Impending Tet pushes prices skywards
• Export in 2012: a spectacular leap
• Persistent with cautious, flexible monetary policy
• Removing economic bottlenecks
• Consumer confidence stays flat in Q4
• Remote and mountainous areas connected to power
• SBV gets tough on gold bar rules
• Binh Duong exports surge in January
• Stock creep up on both bourses

Impending Tet pushes prices skywards Posted: 08 Feb 2013 07:48 PM PST Prices have risen at traditional markets in HCM City on essential goods as the Tet (Lunar New Year) holiday approaches. At Tan Dinh, Ben Thanh, Thu Duc and Ba Chieu markets, the prices of fish, pork and poultry meat have all increased substantially. Tran Thi Kiem Hoa of Tan Dinh Market's Management Board said the [...]

Export in 2012: a spectacular leap Posted: 08 Feb 2013 07:47 PM PST It is undeniable that record export value was one of Vietnam's top ten economic achievements in 2012. The country missed a number of economic targets but export was an exception with the sector posting an impressive increase of 18.2% from the prior year. The export picture in 2012 can be put together from these highlights: [...]

Persistent with cautious, flexible monetary policy Posted: 08 Feb 2013 07:47 PM PST The State Bank of Vietnam (SBV) implemented and managed monetary policy in a proactive, flexible, and prudent manner bringing about positive results in 2012 as measured against the prior year. The SBV's proactive monetary policy contributed to curbing inflation to a single digit, a more stabilised macroeconomy, and most significantly, ensure social welfare which is [...]

Removing economic bottlenecks Posted: 08 Feb 2013 07:45 PM PST Senior economic expert Tran Hoang Ngan believes that effectively implementing Government solutions will help Vietnam's economy develop steadily and fulfil major targets set for 2013. Businesses are trying to clear out inventories to maintain production In January 2013 the government issued two resolutions proposing a number of solutions for revamping business production, shoring up ailing [...]

Consumer confidence stays flat in Q4 Posted: 08 Feb 2013 07:45 PM PST Vietnam's consumer confidence remained fairly stagnant with one point increase to stand at 88 for the last quarter of 2012. But it was 11 points lower than a year ago, according to Nielsen, a leading global provider of information and insights into what consumers watch and buy. In Vietnam, the number of respondents in a [...]

Remote and mountainous areas connected to power Posted: 08 Feb 2013 07:45 PM PST About 6,000 poor ethnic households in remote areas of the northern provinces of Dien Bien, Lai Chau and Son La have been connected to the power grid in time for Tet, according to Electricity of Vietnam. The 351 households relocated to make way for the Thac Ba Reservoir in Thac Ba Hydro-electricity Plant in northern [...]

SBV gets tough on gold bar rules Posted: 08 Feb 2013 07:44 PM PST The State Bank of Vietnam (SBV) is gathering opinions from local banks and credit institutions on its draft circular on gold bar trading. The circular stated that the SBV will stop gold bar trading in six months with credit facilities that can not ensure the quality of their gold or violate regulations. SBV will also [...]

Binh Duong exports surge in January Posted: 08 Feb 2013 07:43 PM PST Enterprises in southern Binh Duong province have generated 1.3 billion USD from exports in the first month of 2013, marking a 70 percent rise year-on-year. According to the Binh Duong Association for Exporters, turnover of key export items such as wood products, textiles, footwear and electronics increased by 15 to 30 percent during the month. [...]

Stock creep up on both bourses Posted: 08 Feb 2013 07:43 PM PST Shares advanced slightly on both national stock exchanges on February 7, providing a positive thrust before the market closes for the 9-day Lunar New Year holiday beginning Feb. 9. On the HCM Stock Exchange, the VN-Index rose 0.46 percent to close at 490.62 points, while the VN30, trading the top 30 shares by market capitalisation [...]

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