January 2, 2012
Vietnam will find it difficult to sustain into the new year the trade deficit reduction that it managed in 2011, given that it plans to reduce import tariffs on many products and that the ongoing global recession could hurt its exports, experts say. Vietnam’s trade deficit narrowed to US$9.5 billion from $12.4 billion in [...]
Tags: According, billion, Country, deficit, demand, Difficulties, Doanh, Doanh Said Ldquo, economist, Eu And The, expected, export, Export Markets, Export Revenues, firms, Foreign, garment, growth, He Said Ldquo, import, importing, imports, increase, Industry And Trade, large, Ldquo, limit, Limit Imports, lower, Many Products, markets, materials, Next Year, Of Industry And, Of Industry And Trade, Of The Vietnam, On Many Products, orders, percent, production, products, Products And Materials, Products Including, Rdquo, reduce, reduction, Said ldquo, Said Ldquo The, See Slower, See Slower Growth, Slower Growth, Statistics Office, taxes, Technical Barriers, Thanh, Thanh nien, The country, The ministry, The Trade, The Trade Deficit, The vietnam, To Limit Imports, To The Ministry, total, trade, Trade deficit, Vietnam, We Need
Posted in Business | Comments Off
December 30, 2011
Strong small banks should be allowed greater lending growth A local commercial bank’s employee counts money next to piles of dong notes in Hanoi on Monday The application of different credit caps on different banks based on their operational capacity is expected to correct a situation where banks with customers cannot offer loans while [...]
Tags: 14 Percent, Adequacy Ratio, All Banks, Allow Small, Allow Small Banks, Allow Small Banks With, application, Bank Said The, banking, banks, Banks With High, Banks With High Capital, capital, Capital Adequacy, Capital Adequacy Ratio, Central, Central bank, Commercial bank, credit, Credit Caps, Credit Growth, Credit Growth Target, Credit Growth Target For, Credit Limits, customers, deposits, development, different, Different Banks, Different Credit, Different Credit Caps, Duong, Duong Said Ldquo, For All Banks, General, greater, growth, Growth Target, Growth Target For, Growth Target For All, Have Customers, He Said The, High Capital, High Capital Adequacy, High Capital Adequacy Ratio, inflation, interest, Interest rates, Ldquo, Ldquo This Should, Lenders, lending, Liquidity, loans, market, Next Year, Of Different Credit, Of Different Credit Caps, On Different Banks, others, Overall Credit, percent, rates, Rdquo, Said ldquo, small, Small Banks, Small Banks With, Small Banks With High, Some Banks, State bank, target, Target For All, Target For All Banks, Thanh nien, The Application, The central, The central bank, The state, The state bank, Their Liquidity, Vietnam, While Others, With High Capital, With High Capital Adequacy
Posted in Business | Comments Off
December 26, 2011
Vietnam raised electricity prices by 5 percent last Tuesday The Ministry of Finance said prices of electricity, coal, fuel products and public services, which are heavily subsidized by the government, will be determined by the market no later than 2013. Prices of these essentials will gradually be “given back to the market,” the ministry said [...]
Tags: Electricity, Electricity Prices, finance, Finance Ministry, His Ministry, market, ministry, Next Year, percent, prices, raised, Raised Electricity, Raised Electricity Prices, The government, The market, The ministry, The Ministry Said, Vietnam, Vietnam Raised, Vietnam Raised Electricity, Vietnam Raised Electricity Prices
Posted in Business | Comments Off
December 23, 2011
Vietnam’s two-year bonds gained Friday on speculation commercial lenders will lower interest rates after inflation slowed for a fourth month. The dong advanced. Consumer prices climbed 18.13 percent this month from a year earlier, compared with a 19.83 percent increase in November, according to data from the General Statistics Office Friday. Interest rates on [...]
Tags: 10-percent, According, Bloomberg, By Bloomberg The, Central, Central bank, Friday, inflation, interest, Interest rates, Its Website, Next Year, percent, rates, The central, The central bank, The Dong, Two Year, Vietnam
Posted in Business | Comments Off
December 12, 2011
The long slump has caused a shakeout in the Vietnamese property market. Developers with deep pockets have been coping, others have not been so lucky. It is an inevitable rule in any market, Guy Major, national director of residential sales at Savills Vietnam, tells Thanh Nien Weekly in an exclusive interview, and forecasts a [...]
Tags: An Inevitable Rule, And Offering Reasonable, Any Market, buyers, construction, Construction Quality, Construction Quality And, customers, Deep Discounts, Deep Pockets, developers, Developers With Strong, Developers With Strong Financial, Discount, Discounts, Do You Think, downward, Downward Trend, facilities, financial, Guy Major, In Any Market, In The Market, In The Property, In The Property Market, Inevitable, Inevitable Rule, Infrastructure And Facilities, Liquidity, long-term, Many Developers, market, Market Developers, Market Liquidity, Next Year, Nien Weekly, offer, Offering Reasonable, others, Payment Terms, price, prices, Product Mix, projects, property, Property Developers, Property Market, quality, reasonable, sales, Savills, Selling Prices, strategy, strong, Strong Financial, terms, Thanh, Thanh nien, Thanh Nien Weekly, The Cost, The market, The Market Has, The Property, The Property Market, To The Bottom, trend, weekly, With Deep Pockets, With Strong Financial, You Think
Posted in Reports | Comments Off
December 5, 2011
Slowing inflation and talk of financial reforms have not boosted market sentiment as expected, and analysts are predicting the worst will not be over any time soon. Phan Dung Khanh, research manager at Kim Eng Vietnam Securities Co., said the stock market may move sideways or only recover slightly next year. Macroeconomic measures taken [...]
Tags: Acb Securities, Acb Securities Said, According, banking, Banking Reforms, Banking System, banks, Bao Kinh, Be Too Hopeful, Business, capital, Capital Securities, Capital Securities Company, Cash Flows, Central, Central bank, clients, companies, company, Deposit, Deposit Rate, financial, flows, Government, inflation, interest, Interest rates, investors, Kinh Te, Last week, Late Last, Late Last Week, Ldquo, Lenders, Lending Rates, market, News Website, Next Year, Nguyen, November, optimistic, percent, Rate Cap, rates, Rdquo, Rdquo The Company, Rdquo The Company Said, reforms, Report:, Restructuring Plan, Said The Goal, Saigon, securities, Securities Commission, Securities Company, state, State Securities, State Securities Commission, stock, Stock Market, system, Te Saigon, Thanh, Thanh nien, That The Government, The Banking, The Banking System, The central, The central bank, The company, The Company Said, The Deposit, The Deposit Rate, The first, The Goal, The government, The Investors, The market, The report, The Report Said, The state, The State Securities, The State Securities Commission, The stock, The Stock Market, The vietnam, The year, There Are Still, Thoi Bao, Thoi Bao Kinh, Too Hopeful, Viet Capital, Viet Capital Securities, Viet Capital Securities Company, Vietnam
Posted in Business | Comments Off
December 3, 2011
Vietnam’s garment and textiles industry benefits from preferential tariffs in the ASEAN-Korea Free Trade Agreement. A bilateral free trade agreement between Vietnam and South Korea expected next year should save Vietnam from paying more Korean taxes, a Korean official said Tuesday. Â The two countries are expected to negotiate an agreement early next year, after [...]
Tags: agreement, ASEAN, Asean Korea, Asean Korea Free, Asean Korea Free Trade, Free Trade, Free Trade Agreement, goods, Korea, Korea Free, Korea Free Trade, Korea Free Trade Agreement, Korean, Next Year, percent, South, South korea, tariffs, The Asean, The Asean Korea, The Asean Korea Free, The Korea, trade, Trade Agreement, Vietnam
Posted in Business | Comments Off
December 2, 2011
BIDV's shares will be listed on the Ho Chi Minh Stock Exchange next year. Bank for Investment and Development of Vietnam, the country’s third-largest lender, plans to sell a 3 percent stake in an initial public offering this month as the government revives state asset sales amid slumping stock prices. BIDV will hold the IPO, [...]
Tags: Asset Sales, Bidv Will Hold, Chi minh, Chi Minh Stock, Chi Minh Stock Exchange, December, Ho Chi, Ho Chi Minh, Ho Chi Minh Stock, Minh Stock, Minh Stock Exchange, Next Year, Of The Year, percent, selling, shares, stake, statement, stock, Stock Exchange, The bank, The Bank Said, The government, The Ho, The Ipo, The statement, The year, third, trillion, Vietnam
Posted in Business | Comments Off
December 1, 2011
From next year, the Vietnamese government will start re-setting order for traffic, which is currently in an emergency situation with the traffic accident death toll higher than the fatalities from wars in other countries, deputy prime minister said. Nguyen Xuan Phuc made the statement at the national conference on traffic safety Monday, VnExpress reported. According to the [...]
Tags: Accident Death, Accident Death Toll, Accidents, Death toll, Government, Minister, National, Newswire Quoted, Next Year, people, percent, reported, The government, The national, The Newswire, The Newswire Quoted, traffic, Traffic Accident, Traffic Accident Death, Traffic Accident Death Toll, Traffic Accidents, Traffic Accidents Are, Traffic Jams, Traffic Safety, Vietnam, Vnexpress Reported
Posted in Social | Comments Off
November 19, 2011
US President Barack Obama (R) listens as Chinese Premier Wen Jiabao speaks during their meeting on the sidelines of the Association of Southeast Asian Nations (ASEAN) and East Asia summits in Nusa Dua, on Indonesia’s resort island of Bali, on November 19. Of all the people Barack Obama thought he would be running against next [...]
Tags: Asia-Pacific, Barack obama, Biggest Economy, China, Chinese, Chinese Goods, currency, dollar, economic, economy, election, global, important, interest, Its Part, means:, nations, Next Year, Obama, President, rules, The Dollar, The global, The world, Toward China, trade, Us President, William Pesek, world
Posted in Life in Vietnam | Comments Off
