Vietnam Business News

---

• Vietnam offers more “room” for foreigners at weak banks
• ANZ targets Vietnamese corporate bond market
• Health sector fresh blood
• Vietnam attends Foodex Japan 2013
• State Bank empowered to stabilise gold prices
• Vung Tau to host first Int’l Seaports Festival
• Tra Vinh exports red dragon fruit to the US
• Retail sales, services up 10.9 percent
• Garment businesses receive orders until Q3
• Conference on investment in Vietnam held in US

Vietnam offers more “room” for foreigners at weak banks Posted: 05 Mar 2013 11:34 PM PST The government of Vietnam is considering lifting the ceiling foreign ownership ratio in Vietnamese banks in an effort to make Vietnamese banks more attractive in the eyes of foreign investors. There has been no good news for the Vietnam's stock market so far this year. However, analysts believe that the market would prosper when the [...]

ANZ targets Vietnamese corporate bond market Posted: 05 Mar 2013 11:34 PM PST ANZ has reopened to service the corporate bond market in Vietnam after several slow years. “The market has been very quiet over the past two years but ANZ is one of the first banks to have reactivated the market recently with a bond issue,” Tareq Muhmood, the bank’s chief executive for Vietnam, told The Australian. Tareq [...]

Health sector fresh blood Posted: 05 Mar 2013 11:24 PM PST The lack of high-quality hospitals, increasing income levels and the rising age of the general population in Vietnam is making healthcare a profitable sector for private investors. Statistics from the Ministry of Planning and Investment's Foreign Investment Agency show that there were 78 foreign-invested projects in Vietnam's medical industry, including pharmaceutical production, as of February [...]

Vietnam attends Foodex Japan 2013 Posted: 05 Mar 2013 11:16 PM PST The 38th International Food and Beverage Exhibition (Foodex Japan 2013) opened in Japan's Chiba prefecture on March 5. The four-day event involves more than 2,500 companies from 66 nations and territories and is expected to attract 75,000 visitors. Around 14 Vietnamese businesses will display a range of products including seafood and farm produce, processed rice food, [...]

State Bank empowered to stabilise gold prices Posted: 05 Mar 2013 11:13 PM PST The State Bank of Vietnam (SBV) has officially been allowed to trade gold bars in efforts to stabilise the local gold market and to stock gold bullion for the State foreign exchange reserve. The permission was contained in Prime Minister Nguyen Tan Dung's Decision 16/2013/QD-TTg, signed yesterday. The decision states that the central bank governor [...]

Vung Tau to host first Int’l Seaports Festival Posted: 05 Mar 2013 11:02 PM PST Diverse activities will be organized at the first International Seaports Festival themed "Vietnam-Trading Ports of Peace and Development" by the Loma Global Trading Corporation in Vung Tau city from May 17-19. They include an exhibition on domestic and foreign seaports, shipbuilding companies and logistics groups, a carnival, a friendly golf tournament to raise funds for [...]

Tra Vinh exports red dragon fruit to the US Posted: 05 Mar 2013 10:59 PM PST Tra Vinh has started shipping red dragon fruit to the United States. Nguyen Van Than, a leading exporter in the province claimed to have 4 tonnes of red dragon fruit shipped to the US market. Vo Van Hanh, Chairman of the Duc My commune people's committee said the local authorities will co-ordinate with relevant agencies [...]

Retail sales, services up 10.9 percent Posted: 05 Mar 2013 10:47 PM PST Total revenue from retail trade and services during the first two months of 2013 was estimated at US$20.59 billion, up 10.9 per cent year-on-year. According to the General Statistical Office (GSO), retail sales in January and February rose 3.6 per cent year-on-year without including the price factor, trade turnover hit a record high of over [...]

Garment businesses receive orders until Q3 Posted: 05 Mar 2013 10:39 PM PST Garment businesses' are seemingly more optimistic about their prospect of production and export business after receiving many orders for the second and third quarters of this year, according to the Import and Export Department under the Ministry of Industry and Trade (MoIT). However, domestic consumption remains at a low level with sales of clothes for [...]

Conference on investment in Vietnam held in US Posted: 05 Mar 2013 10:38 PM PST More than 70 representatives from companies, funds and trade organizations in the US have attended a conference in New York on February 5th to promote foreign investment in Vietnam. he event was organized with the support of Becamex IDC Binh Duong, the Citibank and the Manhattan Chamber of Commerce. Vietnamese Ambassador Le Hoai Trung, Head of [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610