The Business Times: Dollar sell rate peaks in Viet Nam

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• Dollar sell rate peaks in Viet Nam
• VCBS: Vietnam June CPI likely to edge up
• Fast food empires gear up for their plans to conquer Vietnamese market
• Japanese investors seek enough of $5 billion for Nghi Son oil refinery
• VAMC may use very high financial leverage: experts
• Indian firm invests US$1.8 billion in Long Phu thermal power plant
• Turkey promotes trade ties with Vietnam
• Quang Nam draws tourism investment
• Automobile sector faces uphill road
• June 7: Vietnam stocks continue to rise, VNIndex sets 3 year high

Dollar sell rate peaks in Viet Nam Posted: 07 Jun 2013 08:34 PM PDT HA NOI (VNS)— The State Bank of Viet Nam has been selling the US dollar with a cap of VND21,036 for the past two days after maintaining the price at VND21,005 for over a fortnight. The new rate is the same selling price as commercial banks. The buying price stayed at VND20,850 while the interbank [...] The post Dollar sell rate peaks in Viet Nam appeared first on Vietnam Business News.

VCBS: Vietnam June CPI likely to edge up Posted: 07 Jun 2013 08:26 PM PDT Vietcombank Securities (VCBS) expected the country's consumer price index (CPI) to rise slightly in June or will not be a negative number. VCBS believes that with speeding up credit growth rate, June CPI stays low is a support for local economic recovery, it said in May macro report. VCBS said the recovery of gross demand [...] The post VCBS: Vietnam June CPI likely to edge up appeared first on Vietnam Business News.

Fast food empires gear up for their plans to conquer Vietnamese market Posted: 07 Jun 2013 08:25 PM PDT McDonald's, the US fast food giant, is moving ahead with its plan to conquer the Vietnamese market through the franchised shop network. Its first stop would be HCM City.   McDonald's high ranking executives arrived in Vietnam in 2012, the move, which in the eyes of analysts, means that the giant is preparing its plan [...] The post Fast food empires gear up for their plans to conquer Vietnamese market appeared first on Vietnam Business News.

Japanese investors seek enough of $5 billion for Nghi Son oil refinery Posted: 07 Jun 2013 08:18 PM PDT The Japanese group – Idemitsu Kosan Corporation – said on June 5 that the investors had received a financing agreement of $5 billion from financial institutions for the Nghi Son oil refinery project. Particularly, $2.3 billion is pledged by the Japan Bank for International Cooperation (JBIC) and the Korea Export-Import Bank (Kexim); the remaining $2.7 [...] The post Japanese investors seek enough of $5 billion for Nghi Son oil refinery appeared first on Vietnam Business News.

VAMC may use very high financial leverage: experts Posted: 07 Jun 2013 08:15 PM PDT The national asset management company (VAMC) is scheduled to come into life soon and according to some banking experts, the company may have a very high degree of financial leverage (DFL), the local online newspaper Dau Tu ('Investment News') said. The company will have a charter capital of VND500 billion while it is expected to [...] The post VAMC may use very high financial leverage: experts appeared first on Vietnam Business News.

Indian firm invests US$1.8 billion in Long Phu thermal power plant Posted: 07 Jun 2013 08:14 PM PDT India's Tata Power Co. Ltd has won a US$1.8 billion contract to develop the thermal power plant Long Phu 2 in the Mekong Delta province of Soc Trang. The Indian firm beat out businesses from the Republic of Korea and Russia to win the 1,200 MW plant's construction contract. The Tata group, India's leading multinational [...] The post Indian firm invests US$1.8 billion in Long Phu thermal power plant appeared first on Vietnam Business News.

Turkey promotes trade ties with Vietnam Posted: 07 Jun 2013 08:11 PM PDT Ho Chi Minh City hosted a June 7 trade exchange helping Vietnamese and Turkish businesses arrange investment opportunities in fields such as electricity, electronics, and information technology. Faith Kemal Ebielioglu—President of the Istanbul Electrical, Electronics, Machinery, and Information Technology Exporters’ Association (TET)—said the event is part of the association's activities designed to expand its members' [...] The post Turkey promotes trade ties with Vietnam appeared first on Vietnam Business News.

Quang Nam draws tourism investment Posted: 07 Jun 2013 08:08 PM PDT QUANG NAM (VNS)— Central Quang Nam Province has licensed four tourism projects with a total registered capital of VND2.27 trillion (US$108 million) over the past five months, an official from the provincial planning and investment department, Doan Ngoc Minh, confirmed yesterday. He said the department had provided licences for 36 projects in the fields of [...] The post Quang Nam draws tourism investment appeared first on Vietnam Business News.

Automobile sector faces uphill road Posted: 07 Jun 2013 08:00 PM PDT HA NOI (VNS)— Production dropped by 40 per cent for the automobile industry, showing that the sector had not yet recovered from the 2012 economic crisis, said participants in an automobile workgroup at the Viet Nam Business Forum held recently. The industry sold 30,414 cars in the first four months of this year, a moderate [...] The post Automobile sector faces uphill road appeared first on Vietnam Business News.

June 7: Vietnam stocks continue to rise, VNIndex sets 3 year high Posted: 07 Jun 2013 01:32 AM PDT Vietnam stocks rose third day in a row sending the benchmark VN Index to 3 year high with steady liquidity, CTG continued to be active and strong gainer. The benchmark VN Index rose 7.07 points or 1.36% to 527.97. Volume rose 3.2% to 74.55 million shares worth of VND1.275 trillion. Put through trading contributed 1.2 [...] The post June 7: Vietnam stocks continue to rise, VNIndex sets 3 year high appeared first on Vietnam Business News.

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