Tag: markets

Black market’s exchange rate soars to VND17,520/US$1

VietNamNet Bridge – The greenback price on the black market this morning soared to over VND17,500/US$1 in Hanoi. The black market did not show any peculiar signs this morning in the first minutes of transactions, though the information about the interbank exchange rate adjustment was announced on December 24. Governor of the State Bank of Vietnam... Read more

City markets know little about fire prevention

VietNamNet Bridge – One month after a fire broke out and destroyed 18 stores and more than 270 used motorbikes in Dich Vong Market in Tran Dang Ninh Street, neighbouring households are still reeling from losses. A view of the Nga Tu So Market on Nguyen Trai Street, where fire preventing and fighting work is not paid much attention.Bui Vinh Son, a member... Read more

VN-Index tracks regional markets

VietNamNet Bridge – The VN-Index gained ground again yesterday, closing up 1.55 per cent to end the trading session at 305.56. Volume on the day was 11.44 million shares worth a total of VND283 billion (US$16.8 million). In Ha Noi yesterday, the HASTC-Index also rose 0.83 per cent to end the day at 108.22, although trading volume of 5.83 million shares... Read more

Businesses seek diplomats’ assistance to expand markets

Vietnamese seafood products have “limitless potential” in Russia if they can meet the quality requirements of this market, Bui Dinh Dinh, ambassador to Russia, says. Producers and exporters, hurt by the global economic slowdown, say they are in dire need of assistance from Vietnamese missions abroad to expand their... Read more

Restructuring the capital and real estate markets

VietNamNet Bridge – Frozen and gloomy are the words the Ministry of Finance (MOF) have used to describe the current real estate market in Vietnam. The same situation is also occurring with the capital market. According to the MOF, the demand for house and apartment leasing remains very high, but the prices of luxury apartments have still decreased by 30%.... Read more

Tet flower markets to bloom in city’s parks

Last years’ flower market at the September 23 Park in Ho Chi Minh City There will be three flower markets in Ho Chi Minh City ahead of next year’s Tet (Lunar New Year) holiday, which starts on January 26, the city administration has announced. September 23 Park in District 1 will be the main market with... Read more

Banking sector to develop retail markets

VietNamNet Bridge – Developing commercial banks’ retail markets and banking security is the theme of a banking conference that opened in Ho Chi Minh City on Dec. 2. He asked banks to focus on investing in technology in order to ensure the stability, safety, sustainable development and competitiveness of the Vietnamese banking system. Banking... Read more

Vietnam digs into South American markets

VietNamNet Bridge - Brazil and Argentina are the two targets of a trade delegation visiting South America from Nov. 17 - 26, led by Deputy Minister of Industry and Trade Do Huu Hao.  Hao was accompanied by executives representing several national industrial giants, such as the Vietnam National Oil and Gas Group (PetroVietnam), the Vietnam Electricity Group... Read more

U.S. gov’t unveils $800 bln new programs to unfreeze credit markets

The U.S. government Tuesday unveiled a pair of new programs that will provide 800 billion dollars to help unfreeze the credit markets. U.S. Treasury Secretary Henry Paulson speaks at a news conference at the Treasury Department in Washington, November 25, 2008. (Xinhua/Reuters Photo)Under the Term Asset-Backed Securities Loan Facility, or TALF, the Federal Reserve... Read more

The paradox of rice markets in north and south

VietNamNet Bridge – The price of Taiwan- scented rice in HCM City is now costing VND 14,500/kg, which is down by VND 1,500/kg. Meanwhile, in Hanoi, the rice prices have remained at high levels. Le, the owner of a company specializing in catering meals to workers of a garment company, in district 12, HCM City, said that one month ago, IR504 rice was sold... Read more

Next Page »