October 11, 2011
Construction of the $7.5 billion 200,800-barrel-per-day Nghi Son oil refinery, Vietnam’s second, will start in the last quarter of this year after a half-year delay, state oil and gas group Petrovietnam said on Tuesday. Vietnam’s natural gas output this year is expected to fall 5.7 percent from 2010 to 8.86 billion cubic meters, the [...]
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January 16, 2011
Average office rent in Ho Chi Minh City decreased by 2 percent in 2010's last quarter Average office rents in both Hanoi and Ho Chi Minh City continued to fall in the last quarter of 2010 as supply kept growing, according to UK-based real estate service provider Savills. In Hanoi, the market saw a decline [...]
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February 1, 2010
Overall merger and acquisition values and volumes appear to have returned to a growth path in 2009’s fourth quarter giving grounds for optimism for 2010, writes an advisory partner at PricewaterhouseCoopers Vietnam. Major Vietnamese conglomerates are growingly removing smaller rivals through M&A deals.LookAtVietnam – A slow start, but a strong finish to the year. Overall [...]
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December 9, 2009
The property market in the central coast city of Danang might be less busy than in HCMC, but the tourism property segment there is burgeoning offering both hi-end . . . Projects to build villas for sales are emerging quickly in the region, and in the next couple of years, there will be significant villa [...]
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November 21, 2009
Foreign financial institutions are wavering, but local authorities have confirmed that the nation’s foreign exchange reserves are adequate enough to cover the growing trade deficit. LookAtVietnam – Foreign financial institutions are wavering, but local authorities have confirmed that the nation’s foreign exchange reserves are adequate enough to cover the growing trade deficit. Robert Prior-Wandesforde, HSBC’s [...]
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May 4, 2009
The researchers at the Hanoi-based Center for Economic and Policy Research called on the government to intensify monitoring of the banking system and the property and stock markets The global economic crisis may have contributed to the downturn in Vietnam but the countryâs economy has its own severe problems, caused mainly by monetary policies, a [...]
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April 15, 2009
US Federal Reserve Bank of Dallas President Richard Fisher said âgrimâ figures indicate the worldâs largest economy shrank steeply last quarter. âThe economic data in the US is quite grim, and I expect a contraction at a very dazzling rate in the first quarter,â Fisher said in a speech Tuesday in Hong Kong. He reiterated [...]
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March 6, 2009
The euro fell to near a three-month low against the dollar on speculation European Central Bank President Jean-Claude Trichet will indicate policy makers plan to keep reducing rates following Thursdayâs half-point cut. Policy makers reduced the main refinancing rate to 1.5 percent, according to a statement from Frankfurt. The euro also declined versus the yen [...]
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March 2, 2009
Singaporeâs Prime Minister Lee Hsien Loong (L), Thailandâs Prime Minister Abhisit Vejjajiva (C) and Vietnamâs Prime Minister Nguyen Tan Dung hold hands after the signing of ASEAN Summit documents Sunday Southeast Asian leaders pledged to cut trade barriers and open more service industries as the region struggles to overcome a global recession that has eroded [...]
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March 2, 2009
The gold price this morning unexpectedly rose by VND100,000/tael after many days of staying at VND19.5 mil;opm/tael. However, the market was not bustling on the first day of the week. At opening, SJC Hanoi rose the prices to VND19.5 million/tael (purchase) and VND19.65 million/tael (sale), up by VND20,000 and VND80,000/tael respectively over last Saturday. At Phu [...]
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