Vietnam Business News

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• Hanoi hosts Vietnam Expo 2013
• MGM would stay with Ho Tram Strip?
• Coffee business gets Standard Chartered Bank loan
• Wallonine-Bruxelles supports 28 ODA projects for Vietnam
• Interbank trading dong -12%, dollar -1% in week ending Apr 5
• April 10: Vietnam central bank sets dollar unchanged at vnd20,828; bank rates fall sharply
• Gold or stocks? It doesn”t matter!
• Vietnam central bank sells 39,200 gold taels on Apr 10
• Vietnam ETF falls after local ’flash crash’
• New regulations manage pharmaceutical industry

Hanoi hosts Vietnam Expo 2013 Posted: 10 Apr 2013 08:05 PM PDT The 23rd Vietnam International Trade Fair opened in Hanoi on April 10. It is part of the national trade promotion programme aimed at boosting exports, developing the domestic market and accelerating the process of international economic integration. The fair, themed "Vietnam – cooperation and development", has attracted more than 400 businesses from 17 countries and territories [...]

MGM would stay with Ho Tram Strip? Posted: 10 Apr 2013 08:01 PM PDT Asian Coast Development Ltd (ACDL), the Canadian investor of the mammoth $4.2 billion Ho Tram resort project, has stated that it received the new investment license on April 4. ACDL's Managing Director Nathan Lloyd said this was a "great day" of the project. One month ago, MGM Resorts International (MGM), the manager of the Ho [...]

Coffee business gets Standard Chartered Bank loan Posted: 10 Apr 2013 08:00 PM PDT The Standard Chartered Bank (SCB) on April 9 signed an agreement lending US$24 million to the Daklak September 2nd Import-Export Co. Ltd (Simexco Daklak), the second largest state-owned coffee trader in Vietnam. Simexco General Director Le Duc Thong said the loan will help the company to achieve its export revenue goal. Meanwhile, Louis Taylor, General Director [...]

Wallonine-Bruxelles supports 28 ODA projects for Vietnam Posted: 10 Apr 2013 07:49 PM PDT The Wallonine-Bruxelles region has approved 28 non-refundable ODA projects capitalised at US$4.5 million for Vietnam in the 2013-2015 period. This was announced during talks in Hanoi on April 10 between Minister of Planning and Investment Bui Quang Vinh and Wallonie–Bruxelles Governor, Rudy Demotte. Both officials reviewed the results of previous cooperative projects with the Wallonie [...]

Interbank trading dong -12%, dollar -1% in week ending Apr 5 Posted: 10 Apr 2013 07:44 PM PDT The total interbank trading value of the dong fell by 11.9% to VND75.783 trillion in the week ending Apr 5 from VND86.069 trillion a week earlier while that of the dollar declined by 1% to VND62.395 trillion from VND63.083 trillion. The total interbank trading value of the dong fell by 11.9% to VND75.783 trillion in [...]

April 10: Vietnam central bank sets dollar unchanged at vnd20,828; bank rates fall sharply Posted: 10 Apr 2013 07:44 PM PDT The State Bank of Vietnam, the country's central bank today set the exchange rate for the U.S. dollar at VND20,828, unchanged for 15 months, bank rates fell sharply by up to VND55, marking the biggest drop in multi-months. Banks are allowed to trade dollar at +/-1% from central bank quote and the ceiling price for [...]

Gold or stocks? It doesn”t matter! Posted: 10 Apr 2013 07:40 PM PDT If you had a $100 bill in 1990, would you have put it into stocks or gold? You might have agonized over the decision back then. Buying gold protects you from inflation, but buying stocks entitles you to a cut of future profits. Gold is shiny, but lots of stocks have cool names. So which [...]

Vietnam central bank sells 39,200 gold taels on Apr 10 Posted: 10 Apr 2013 07:40 PM PDT The State Bank of Vietnam (SBV) succeeded in selling 39,200 taels of gold bars out of 40,000 taels offered in an auction held this morning [Apr 10] at the prices lower than the previous auction, the local newswire TTVN.vn reported. The 25,600 gold taels were sold to 18 out of 22 participants at VND43.31 million [...]

Vietnam ETF falls after local ’flash crash’ Posted: 10 Apr 2013 07:40 PM PDT The Market Vectors Vietnam ETF (NYSE: VNM ) is trading lower by 1.3 percent Wednesday after the Ho Chi Minh City Stock Exchange’s VN Index (VNINDEX) plunged 2.7 percent in the last minute of trading in Wednesday’s Asian session. The Market Vectors Vietnam ETF (NYSE: VNM ) is trading lower by 1.3 percent Wednesday after the Ho [...]

New regulations manage pharmaceutical industry Posted: 10 Apr 2013 02:43 AM PDT HA NOI — On March 29, 2013, the Ministry of Health issued Circular No10/2013/TT-BYT amending and supplementing a number of articles of Circular No02/2007/TT-BYT on conditions for the drugs business. Overall, the amendment circular aims to effectuate various new regulations on conditions for drug business under Decree No. 89/2012/ND-CP implementing the Law on Pharmacy 2005. [...]

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