Vietnam Business News

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• Vietnamese businesses in Russia head for homeland
• Vietnamese-German economic seminar in Berlin
• Gold prices continue to fall
• Restaurant business: From street restaurants to food courts
• Vietnam’s ODA disbursement reaches $120mln in Jan-Feb 2013: MoPI
• Auto registration fee cut awaits government’s decision
• Despite $1 bln bailout-like plan, house prices on decline
• Vietnam, India to foster investment
• Vietnam Tra Fish Association established
• Ca Mau targets $1 billion in seafood exports

Vietnamese businesses in Russia head for homeland Posted: 03 Mar 2013 12:20 AM PST Moscow's Vietnamese Entrepreneurs Association has always helped businesses with any difficulties they encounter, stabilised their production, and assisted the Russian Vietnamese community's development. Vietnamese Entrepreneurs Association President Tran Dang Chung made the affirmation at a March 2 meeting reviewing the association's activities in 2012 and devising orientations for the New Year. Chung highlighted the association's [...]

Vietnamese-German economic seminar in Berlin Posted: 03 Mar 2013 12:19 AM PST The Berlin-based Viethaus hosted a Vietnamese-German economic seminar on March 2, attended by 18 Vietnamese and overseas Vietnamese business representatives. In his speech, Vietnam-Germany Business Association Chairman Dr. Nguyen Ngoc Ky explained his organisation wants the seminar to serve as a bridge for Vietnamese businesses enter the German market. Roland Ballack, a representative from the [...]

Gold prices continue to fall Posted: 03 Mar 2013 12:17 AM PST The Vietnamese price of SJC gold has sharply decreased from February 25 to March 2, hitting a six-month low. The reduction arose from the State Bank of Vietnam's (SBV) efforts to limit the disparity between international and domestic gold prices, sparking a sell-off. Gold prices decreased by VND2 million per tael per day Early this [...]

Restaurant business: From street restaurants to food courts Posted: 03 Mar 2013 12:16 AM PST A restaurant with 70 seats and the space area of 150 square meter can obtain the turnover of VND1 billion a month. The huge profit explains why more and more restaurants, domestic and foreign invested, have mushroomed. Everyone now has to practice thrift in the context of the economic difficulties. However, while they have to [...]

Vietnam’s ODA disbursement reaches $120mln in Jan-Feb 2013: MoPI Posted: 03 Mar 2013 12:08 AM PST Total disbursement of official development assistance (ODA) in Vietnam was estimated at $120 million in the first 2 months of 2013, meeting only 2.6% plan, the local news provider Gafin.vn reported, citing information from the MoPI. Of the figures, $105 million is disbursement of loans and $15 million is disbursement of the non-refundable aids, the [...]

Auto registration fee cut awaits government’s decision Posted: 03 Mar 2013 12:06 AM PST The Ministry of Finance has submitted a draft decree to the government which would reduce registration fees on cars with fewer 10 seats starting March 15, said Deputy Minister Vu Thi Mai. If approved, the new decree would replace the current Decree No. 45/2011, which aimed to bolster the sluggish domestic auto market. Under the [...]

Despite $1 bln bailout-like plan, house prices on decline Posted: 03 Mar 2013 12:04 AM PST Though the central bank has announced that it will set aside VND20-24 trillion (US$954 million-US$1.14 billion) for loans at preferential interest rates, the realty market seemed indifferent to the good news. However, the support only applies to social and commercial housing projects with houses covering less than 70m2 and a maximum price of VND15 million [...]

Vietnam, India to foster investment Posted: 03 Mar 2013 12:00 AM PST Vietnam and India should foster bilateral investment cooperation to match their real economic potential. This is the observation of a new online report by the Foreign Investment Agency (FIA), Ministry of Planning and Investment According to the report, by the end of January, India had 68 valid projects with total investment of 251.35 million USD [...]

Vietnam Tra Fish Association established Posted: 02 Mar 2013 11:52 PM PST A congress founding the Vietnam Tra Fish Association was held in the southern province of An Giang on March 2. The congress elected 47 members to the association's Executive Committee. Former Minister of Agriculture and Rural Development Nguyen Viet Thang was chosen as Vietnam Tra Fish Association Chairmanfor the 2013–2015 term. Reports suggest the Mekong [...]

Ca Mau targets $1 billion in seafood exports Posted: 02 Mar 2013 11:46 PM PST The southernmost province of Ca Mau will launch a broad range of measures to realize its $1 billion target in seafood export turnover this year. The locality will invest VND10 billion (roughly $477,000) to organize fact-finding trips for 20 delegations of experts to explore over 20 markets worldwide, including the US , the EU and [...]

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