January 23, 2012
Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m. [...]
Tags: According, And Limit Declines, Bloomberg, Central, Central bank, Chi minh, Chi minh city, currency, dollar, Ho Chi, Ho Chi Minh, Ho Chi Minh City, In The Dong, index, inflation, interest, Interest rates, Last year, Ldquo, Limit Declines, Minh city, month, Per Dollar, percent, rates, Rdquo, Since Dec, stock, Stock Index, The central, The central bank, The Currency, The Dong, The previous, Vietnam
Posted in Business | Comments Off
January 23, 2012
Vietnam, the world’s second-largest rice exporter, shipped 184,558 metric tons from the start of the year to Jan. 19, the Vietnam Food Association said in a statement dated January 19. The country, which exported a record 7.11 million tons in 2011, according to the group, may ship as much as 7 million tons in [...]
Tags: 184 558, Million tons, Vietnam
Posted in Business | Comments Off
January 23, 2012
The US Commerce Department said it will investigate U.S. producer complaints that wind-tower manufacturers from China and Vietnam sell their renewable-energy equipment below cost in the US. The Wind Tower Trade Coalition, which includes Broadwind Energy Inc., Otter Tail Corp.’s DMI Industries, a unit of Trinity Industries Inc. and Katana Summit, said competitors from [...]
Tags: Commerce Department, energy, International Trade, International Trade Commission, investigate, Material Injury, Renewable Energy, tower, trade, Trade Commission, Wind Tower
Posted in Business | Comments Off
January 20, 2012
Jetstar Pacific will continue to operate as a low-cost carrier The government’s stake in budget airline Jetstar Pacific, held via the State Capital Investment Corp., will be transferred to national carrier Vietnam Airlines, local media reported Wednesday, citing a directive. Jetstar Pacific, which is partly owned by Australia’s Qantas, will continue to operate as a [...]
Tags: 27 Percent, Airline Jetstar, Airlines, Budget Airline, Budget Airline Jetstar, Capital Investment, Capital Investment Corp, carrier, Cost Carrier, group, investment, Investment Corp, Jetstar, Jetstar Group, Jetstar Pacific, Low Cost Carrier, Low-cost, Of Jetstar Pacific, Pacific, Qantas, Qantas Group, State capital, State Capital Investment, State Capital Investment Corp, The Qantas, The Qantas Group, The state, The State Capital, The State Capital Investment, The Transfer, Vietnam, Vietnam airlines
Posted in Business | Comments Off
January 20, 2012
Many banks in Vietnam fear that bad debts could rise this year. Many banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012. According to the Dau Tu (Investment) newspaper, even large banks in the country fear that bad debts could rise this year. State-owned Bank [...]
Tags: 15 Percent, Bad Debt, Bad Debts, Bad Debts Could, Bad Debts Could Rise, banks, Central bank, Could Rise, Could Rise This, Could Rise This Year, credit, Credit Growth, debts, Debts Could Rise, Debts Could Rise This, Fear That Bad, Fear That Bad Debts, growth, Growth Target, Ldquo, loans, Many Banks, Nguyen thi, percent, Rdquo, Rise This Year, Said ldquo, state, target, That Bad Debts, That Bad Debts Could, The bank, The central, The central bank, This year, Vietnam
Posted in Business | Comments Off
January 18, 2012
An artist's impression of the PVN Tower State oil and gas group PetroVietnam said it has withdrawn from a skyscaper project in Hanoi as part of its plan to divest from sectors outside its main business scope. PetroVietnam will no longer invest in the 102-story PVN Tower, slated to become the tallest skyscraper in Vietnam, [...]
Tags: 102 Story, 102 Story Pvn, 102 Story Pvn Tower, construction, Government, PetroVietnam, Petrovietnam Construction, project, Pvn Tower, state, Story Pvn, Story Pvn Tower, The 102, The 102 Story, The 102 Story Pvn, The government, The Government Said, This year, tower
Posted in Business | Comments Off
January 18, 2012
Many lenders in Vietnam are trying to attract individual clients Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On [...]
Tags: attract, Attract Individual, Attract Individual Clients, banking, banks, But Short, But Short Term, Chairman, clients, corporate, Corporate Clients, deposits, Farmers, funding, His Bank, Huong, In Vietnam Are, individual, Individual clients, large, Large But Short, Large But Short Term, Liquidity, Many Banks, Many Lenders, Nguyen, Of State Owned, Said His Bank, Said nguyen, savings, short, short-term, small, Small Savings, source, stable, State-owned, Term Deposits, Term Deposits From, The Banking, To Attract Individual, To Attract Individual Clients, Vietnam
Posted in Business | Comments Off
January 18, 2012
Vietnam now has two stock exchanges, both of which are small Vietnam will only have one stock exchange instead of two as at present under the Finance Ministry’s plans to restructure the securities market in 2012. Under a new plan approved by the ministry last week, market reforms will focus on reorganizing the country’s stock exchanges and [...]
Tags: Chi minh, Chi minh city, exchange, exchanges, Has Two Stock, Has Two Stock Exchanges, Have One, Ho Chi, Ho Chi Minh, Ho Chi Minh City, market, Minh city, Now Has Two, Now Has Two Stock, One Stock, One Stock Exchange, securities, stock, Stock Exchange, Stock Exchanges, Two Stock, Two Stock Exchanges, Vietnam, Vietnam Now Has, Vietnam Now Has Two
Posted in Business | Comments Off
January 17, 2012
Food retail sales in Ho Chi Minh City witnessed “skyrocketing growth” in recent year, a report said Despite economic difficulties the retail market in Ho Chi Minh City expanded last year as top retailers and brands continued to come in, property consultant Knight Frank said in a new report. The retail sales value of goods [...]
Tags: brands, Chi minh, Chi minh city, Food Retail, Food Retail Sales, Frank, growth, Growth Rdquo, Ho Chi, Ho Chi Minh, Ho Chi Minh City, In Recent Year, International, International Brands, knight, Knight Frank, Knight Frank Said, Last year, Ldquo, Ldquo Skyrocketing, Ldquo Skyrocketing Growth, Ldquo Skyrocketing Growth Rdquo, market, Minh city, rates, Rdquo, Rdquo Knight, Rdquo Knight Frank, Rdquo Knight Frank Said, Recent Year, Report:, retail, Retail sales, retailers, Retailers And Brands, sales, Skyrocketing Growth, Skyrocketing Growth Rdquo, The company, The Entrance, The market, The Retail, Top Retailers, Witnessed Ldquo, Witnessed Ldquo Skyrocketing, Witnessed Ldquo Skyrocketing Growth
Posted in Business | Comments Off
January 16, 2012
A file photo from VnExpress shows Vietnamese workers returning from Libya early last year Vietnamese workers will soon return to Libya, after a turmoil last year which prompted the Vietnamese government to bring more than 10,000 workers home. A number of Turkish contractors in Libya have pledged to re-recruit Vietnamese workers over the next six months, [...]
Tags: Contractors, Last year, Libya, News Agency, Salaries, The ministry, The vietnam, The Vietnam News, The Vietnam News Agency, Turkish, Turkish Contractors, Vietnam, Vietnam News, Vietnam News Agency, Vietnamese, Vietnamese Workers, workers
Posted in Business | Comments Off
