Vietnam Business News

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• Power company asks 6,000 firms to cut production
• The “soft power” of supermarkets
• Exporters get top trade advice
• HCM City boosts cooperation with Guam
• Japanese firms seeks opportunities in HCM City
• Vietnam likely to provide huge volume of aquatic products
• Hanoi’s CPI down 0.21 pct in March
• Banks favour government bonds
• Vietnam central bank to auction gold bars next week
• Vietnam bank revamp faces execution test as debt manager planned

Power company asks 6,000 firms to cut production Posted: 21 Mar 2013 05:26 AM PDT Southern Power Corporation (EVN SPC) has asked 6,000 industrial producers in 21 southern cities and provinces to prepare plans for cutting back on production so as to reduce power consumption by 10-15%. These 6,000 producers are consuming the most electricity, about 60% of the volume of power supplied by EVN SPC every day, said the [...]

The “soft power” of supermarkets Posted: 21 Mar 2013 05:24 AM PDT Displaying goods at supermarkets is the quickest way for manufacturers to develop their brands and expand the distribution networks. However, it's not easy to squeeze into supermarkets where the space for product display is limited. Though understanding that doing the outsourcing for supermarkets would put big difficulties for their own brands, manufacturers still have to [...]

Exporters get top trade advice Posted: 21 Mar 2013 05:22 AM PDT HCM CITY — One of the world’s leading law firms, Mayer Brown JSM (formerly known as Johnson Stokes & Master) and Viet Nam Chamber of Commerce in HCM City today offered local companies advice on how to handle trade remedies. More trade-barrier cases are being brought by Viet Nam’s trading partners, especially anti-dumping and countervailing [...]

HCM City boosts cooperation with Guam Posted: 21 Mar 2013 05:20 AM PDT Ho Chi Minh City Mayor Le Hoang Quan on March 20 received a business delegation from Guam, the US, led by Guam Governor Eddie Baza Calvo. Quan spoke highly of the US business delegation's visit, saying that it would open up new cooperation opportunities between Vietnamese localities and Guam.He encouraged Guam businesses to invest in [...]

Japanese firms seeks opportunities in HCM City Posted: 21 Mar 2013 05:19 AM PDT A business delegation from Japan's Osaka city had a meeting with Ho Chi Minh City Vice Mayor Le Manh Ha on March 20. The delegation is on a working visit to seek business opportunities in the city and southern provinces. Ha briefed the delegation on the city's socio-economic development, and its policies to attract foreign [...]

Vietnam likely to provide huge volume of aquatic products Posted: 21 Mar 2013 05:18 AM PDT Vietnam has great potential to deliver large volumes of high quality seafood products to foreign markets. The statement was made by delegates at a seminar in Hanoi on March 21 to discuss ways to improve the capacity of Vietnam's seafood sector by meeting international requirements and remove hurdles to develop value-adding supply chains. They also [...]

Hanoi’s CPI down 0.21 pct in March Posted: 21 Mar 2013 05:17 AM PDT The capital city's Consumer Price Index (CPI) decreased slightly in March, falling 0.21 percent against the previous month but it was still 5.7 percent higher than the same period last year. The Hanoi Statistical Office (HSO) said the decline in CPI is normal as food prices has dropped rapidly after the Lunar New Year (Tet) [...]

Banks favour government bonds Posted: 21 Mar 2013 05:13 AM PDT Viet Nam’s government bond market saw robust development last year and experts expect it will continue to grow this year thanks to high demand from commercial banks. According to Tran Van Dung, chairman and CEO of the Ha Noi Stock Exchange, G-bonds had continued to develop rapidly in the first quarter of this year on [...]

Vietnam central bank to auction gold bars next week Posted: 21 Mar 2013 05:13 AM PDT The State Bank of Vietnam (SBV) expects to officially start selling gold bars through auctions from next week, the state-run CAND Online reported, citing its private source from the central bank. The SBV is urgently completing final procedures to auction gold bullion with licensed firms and banks. By late Mar 20, all procedures were basically [...]

Vietnam bank revamp faces execution test as debt manager planned Posted: 21 Mar 2013 05:13 AM PDT Vietnam's resolve to clean up its banking system will be tested by how the government executes plans to set up a debt asset management company this month that will take over bad loans from lenders. The company will be established before the end of the month and will be managed by the central bank, Le [...]

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