Vietnam Business News

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• Vietnamese consumers distracted with dirty beef imports and Chinese grapes
• Vietnam central bank net injects vnd68bln via OMO on Apr 9
• Total assets of vietnam banks increases in Feb 2013
• Vietnam central bank holds 5th gold auction for 40,000 taels on Apr 10
• Mekong Delta’s competitiveness index improves
• Vietnam, France strengthen economic ties
• Tourism industry crushed by central highland hydropower dams
• Petrovietnam posts $8.59bln consolidated revenue in Q1/2013, up 3% on year
• Only 3,000 state-owned enterprises left in vietnam
• Take-away coffee booming in Vietnam

Vietnamese consumers distracted with dirty beef imports and Chinese grapes Posted: 09 Apr 2013 10:56 PM PDT Over 10 tons of Australian dirty beef imports have penetrated the domestic market. Chinese grapes have been selling as Ninh Thuan brand grapes. Consumers have been told to become smarter, or they would buy dirty food. Doors kept open for dirty beef imports In principle, food imports must go through verification before entering the domestic [...]

Vietnam central bank net injects vnd68bln via OMO on Apr 9 Posted: 09 Apr 2013 10:51 PM PDT The State Bank of Vietnam (SBV) net injected VND68 billion via open market operation (OMO) on April 9 after it pumped VND653 billion and withdrew VND585 billion, the local newswire NDHMoney.vn reported, citing data compiled by SSI Research. In the first two days of the week, the monetary authority net pumped VND394 billion through OMO. [...]

Total assets of vietnam banks increases in Feb 2013 Posted: 09 Apr 2013 10:48 PM PDT Assets of the entire Vietnamese banking industry at the end of February 2013 totaled VND5,009.7 trillion, up by nearly VND26 trillion m/m, according to the State Bank of Vietnam (SBV)'s data. Equity of the entire banking industry rose by VND4.9 trillion m/m to VND413.543 trillion as of Feb 28 while charter capital of the whole [...]

Vietnam central bank holds 5th gold auction for 40,000 taels on Apr 10 Posted: 09 Apr 2013 10:42 PM PDT The State Bank of Vietnam (SBV) will hold the fifth auction to sell as many as 40,000 taels of gold bars today [April 10] at its central banking department, according to information released by the central bank. The offered volume was 54% higher than in the previous auctions, in which the SBV only aimed to [...]

Mekong Delta’s competitiveness index improves Posted: 09 Apr 2013 10:37 PM PDT The Mekong Delta has seen a sharp jump in the Provincial Competitiveness Index (PCI), an indicator of economic governance and business environment performance, over the last three years. The assessment was announced at a seminar held in the Mekong Delta province of Bac Lieu on April 9 by the Vietnam Chamber of Commerce and Industry [...]

Vietnam, France strengthen economic ties Posted: 09 Apr 2013 07:08 PM PDT Vietnam and France will work closely together to elevate their economic and trade ties to a new level. The agreement was reached by Vietnamese Minister of Planning and Investment Bui Quang Vinh and French Minister of Foreign Trade Nicole Bricq who co-chaired an annual high-level economic dialogue in Hanoi on April 9. The two sides [...]

Tourism industry crushed by central highland hydropower dams Posted: 09 Apr 2013 07:04 PM PDT Several tourism companies along the Serepok River in the central highlands province of Dak Lak have complained about the lack of co-operation from local hydropower plants.  The plants have not discharged water to the river, which is making it hard to lure tourists. The companies have reported a serious fall in revenue as the river [...]

Petrovietnam posts $8.59bln consolidated revenue in Q1/2013, up 3% on year Posted: 09 Apr 2013 07:02 PM PDT The state-run Vietnam National Oil and Gas Group or PetroVietnam (PVN) generated a consolidated revenue of VND178.7 trillion ($8.59 billion) in the first three months of this year, rising by 3% from the same period last year. The figure met 27.6% of the whole-year target and surpassed the quarterly plan by 17.4%, PVN Chairman Phung [...]

Only 3,000 state-owned enterprises left in vietnam Posted: 09 Apr 2013 07:01 PM PDT Vietnam now has only 3000 state-owned enterprises after having privatized ​over 20,000 state-owned enterprises in the past years, said Ho Thi Kim Hoa, deputy Minister of The Ministry of Industry and Trade (MoIT). The restructuring of state enterprises is one of the three economy restructuring targets of the Government of Vietnam, Thoa said at the meeting with the delegation of U.S. Congressman Assistants on their working visitto Vietnam. [...]

Take-away coffee booming in Vietnam Posted: 09 Apr 2013 06:58 PM PDT More and more take-away coffee brands, both domestic and foreign, have appeared on the market, creating a new tendency of enjoying coffee among the youth. Huynh Thi Thanh Nga, the owner of a pavement coffee shop on Han Hai Nguyen Street in HCM City, noted that previously, connoisseur people liked the coffee with strong coffee [...]

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