The Ho Chi Minh City stock market began the week quietly as concerns over a global economic meltdown offset a 7-percent cut in local fuel prices. The VN-Index, Vietnam’s main stock index, was up 0.03 points, to close at 366 points.“Fuel prices are no longer a concern for investors,” an investment manager at a HCMC [...]
VietNamNet Bridge – Deputy Director of the Finance Ministry’s Insurance Department, Pham Dinh Trong, spoke to Dau tu (Vietnam Investment Review) about the new decree regulating compulsory insurance for motor vehicles. There will also be details on punishments for violations. Owners of cars and motorbikes who don’t join compulsory insurance will be fined VND500,000 ($30) [...]
Small traders, such as this mini-supermarket in Ho Chi Minh City, are facing increased competition from expanded local supermarket chains Local retailers are accelerating their expansion plans, trying to cement their foothold in a sector that will be opened to foreign competitors early next year. On Saturday, Saigon Trading Group (Satra) opened a new supermarket [...]
