Vietnam Business News

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• Interest rates down, cash flow gets stuck
• Government bond yields keep falling
• “Billionaires’ islets” get desolate because of debts
• Rotary hotpot’s golden age over, shop owners struggle to survive
• Policy contradictions make “car price reduction dream” far away
• Nervousness over power supply levels
• March 26: Vietnam stocks close down
• March 26: UPCoM-Index continues to fall
• March 26: Foreigners resume net buying on both bourses
• Foreigners to capitalise on poor property scene

Interest rates down, cash flow gets stuck Posted: 26 Mar 2013 10:22 PM PDT Commercial banks have quietly reduced the deposit interest rates because of the low demand for loans. Investors have been in a divided mind as to where to pour money to since all the investment channels remain unattractive. Cash flow gets stuck Big changes have been occurring in the monetary market when commercial banks have unexpectedly [...]

Government bond yields keep falling Posted: 26 Mar 2013 10:20 PM PDT Government bond yields have kept falling on the primary and secondary market over the past week as banks with a cash surplus have sharply increased bond buying. The government bond market turned active on Tuesday. Bond yields on the secondary market continued to drop by five to 10 basis points, standing at around 8-8.05%, 8.25-8.3% [...]

“Billionaires’ islets” get desolate because of debts Posted: 26 Mar 2013 10:17 PM PDT There were the "billionaires' islets" in Mekong Delta, where farmers got rich with their catfish farming. However, the populous and rich land area has become desolate because their billionaires have become moneyless. Billionaires burdened with multi-billion debts Local farmers have been crippled with debts because of the heavy losses, while the multi-billion dong fish ponds [...]

Rotary hotpot’s golden age over, shop owners struggle to survive Posted: 26 Mar 2013 10:15 PM PDT The market has cooled after a long hot development period. The owners of rotary hotpot shops now have to get by on vouchers, while trying to sell their lines. Trying every possible way to exist Most of the rotary hotpot shops have scaled down their business, offered price reductions and sold vouchers on groupon websites [...]

Policy contradictions make “car price reduction dream” far away Posted: 26 Mar 2013 10:14 PM PDT It's still unclear if the automobile manufacturing would be listed as a priority industry. The answer to the question will decide the scale of the market and the prices of the products. Will automobile industry be a priority industry? The Vietnam – Japan Taskforce on Strategic Initiative for Industrialization and Bilateral Cooperation has suggested a [...]

Nervousness over power supply levels Posted: 26 Mar 2013 10:10 PM PDT Power authorities are determined to introduce economical power usage this year. Early sunshine from early March in northern regions and a drought in many central and Central Highland regions have cast growing power supply pressures in 2013. According to Electricity of Vietnam (EVN), early calculations put average power consumption in March at 355 million kWh [...]

March 26: Vietnam stocks close down Posted: 26 Mar 2013 05:22 AM PDT Vietnamese stocks ended lower today weighed by large caps. The benchmark VN Index lost 4.11 points or 0.83% to 489.46. Volume rose 22.68% to 47 million shares worth of VND832.32 billion. Put through trading contributed 10.52 million shares worth of VND179.75 billion. We saw 2.1 million HAG shares changed hands at VND28,000 each and 1 million MBB shares changed hands [...]

March 26: UPCoM-Index continues to fall Posted: 26 Mar 2013 05:22 AM PDT The UPCoM-Index, the measure of 135 unlisted public companies ended lower today. The index lost 0.01 point or 0.02% to 41.97. The market volume was 609,630 shares worth of VND5.35 billion, highest in multi-weeks. Market breadth was negative with 9 gainers, 13 losers, 7 unmoved and the rest untraded. WSB was the biggest gainer, climbing [...]

March 26: Foreigners resume net buying on both bourses Posted: 26 Mar 2013 05:22 AM PDT Foreigners were net buyers of Vietnamese shares on both the Hochiminh Stock Exchange and on the HNX, level of participation fell. These players net bought VND43.79 billion worth of shares on HOSE after buying 6.43 million shares for VND160 billion and selling 3.78 million units for VND116.21billion, accounting for 19.22% buying value and 13.96% selling [...]

Foreigners to capitalise on poor property scene Posted: 26 Mar 2013 05:18 AM PDT Foreign developers can be expected to once again dominate the real estate transaction market in 2013, industry insiders claim. Luong Tri Thin, chairman and CEO of the Dat Xanh Real Estate Company, suggested firms from other Asian nations would take a leading role. "Singapore, Japan and Malaysia are playing important factor in the future transaction [...]

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