Vietnam Business News

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• US$5bln funded for Vietnam-Laos express railway project
• Foreign investment up 109 pct in HCM City
• Japan consumes more Vietnamese tra fish
• Vietnam has over 5,000 mineral & deposit locations
• Vietnam April CPI likely to be negative: NDHMoney
• Textile, garment to have more local materials
• The rich also cannot buy land in the West Lake’s golden land area
• Where have the 6 tons of gold gone?
• Cementing sector’s future
• Indicators reveal signs of early recovery

US$5bln funded for Vietnam-Laos express railway project Posted: 15 Apr 2013 08:44 PM PDT Giant Consolidated Limited has received US$5 billion of financial assistance from the New Zealand financial institute Rich Banco Berhad to fulfill the construction of a 220km high-speed railway, connecting Savannakhet province with Lao Bao Border Gate on the Laos-Vietnam border. The US$5 billion Fund Syndication Agreement for the Savannakhet-Lao Bao Railway Project was signed in [...]

Foreign investment up 109 pct in HCM City Posted: 15 Apr 2013 08:40 PM PDT HCM City's Foreign Direct Investment (FDI) in the first quarter of the year rose 109 percent year on year, showing investors' growing confidence in the local economy. According to the city’s Department of Planning and Investment, 78 FDI projects with a total investment of nearly US$160 million were licensed in the past three months. The [...]

Japan consumes more Vietnamese tra fish Posted: 15 Apr 2013 08:26 PM PDT The export volume of Vietnamese tra fish to the Japanese market has risen considerably since March, according to the Vietnam Association of Seafood Exporters and Processors (VASEP). The VASEP said there has been an increasing demand for Vietnamese tra fish in Japan and, from January 1 to March 15, tra fish export earnings to this [...]

Vietnam has over 5,000 mineral & deposit locations Posted: 15 Apr 2013 08:22 PM PDT General Department of Geology and Minerals of Vietnam (GDGM) said surveys, exploration and new discoveries showed that Vietnam now has over 5,000 mineral occurrences and deposits. In some minerals that are believed to have large reserves such as oil – gas (1.2 to 1.7 billion m3, coal (240 billion tons), titanium (600 million tons of [...]

Vietnam April CPI likely to be negative: NDHMoney Posted: 15 Apr 2013 08:10 PM PDT Vietnam's April consumer price index (CPI) is likely to fall further or edge up if healthcare service prices in some provinces rose sharply enough, NDHMoney model showed. If the model result is corrected, this April will be the first to see negative CPI number since 2002. This April CPI is likely to rise 2.4% YTD [...]

Textile, garment to have more local materials Posted: 15 Apr 2013 08:08 PM PDT Local textile and garment enterprises expect the localization rate of the industry to amount to 60-70% in the next three to five years compared to the current rate of almost 38%. Local textile and garment enterprises expect the localization rate of the industry to amount to 60-70% in the next three to five years compared [...]

The rich also cannot buy land in the West Lake’s golden land area Posted: 15 Apr 2013 08:04 PM PDT Though the land in the West Lake area is exorbitant, it has been hunted by the rich. The land price in the area and the old streets' area is the highest in Hanoi. The expensive golden land area unceasingly increases in prices The West Lake land area is believed to be the most expensive in [...]

Where have the 6 tons of gold gone? Posted: 15 Apr 2013 08:02 PM PDT The major purpose of the gold bidding is to stabilize the market. However, the goal remains unattainable after 6 bidding sessions were organized. Gold bidding, what for? The sixth gold bidding session took place on April 12, when the State Bank put 2 tons of gold on offer. Before that day, analysts predicted that another [...]

Cementing sector’s future Posted: 15 Apr 2013 03:13 AM PDT Nguyen Huu Quang, National Assembly (NA) Finance and Budget Committee member and deputy general director of state cement conglomerate Vicem, puts VIR in the picture about the budget revenue situation and advocates for lower taxes to support under fire firms. Firms still face numerous difficulties in production and business, hence many wanted the corporate income [...]

Indicators reveal signs of early recovery Posted: 15 Apr 2013 03:09 AM PDT Indicators during the last three months are promising signs of an early economic recovery. Gross domestic product in the first quarter grew by 4.89 per cent, the consumer price index fell significantly, while exports and foreign direct investment reported encouraging results. However, in both the short and long term, it seems the economy will encounter [...]

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