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[2009-08-21] Gold declines as stronger dollar curbs demand
Gold declines as stronger dollar curbs demand
(Listed Aug 21, 2009)
Gold fell slightly by VND20,000 a tael (1.2 ounces) to around VND21.20 million in Vietnam on August 21 as global gold price snapped a two-day rally.
Phu Nhuan Jewelry bought gold at VND21.14 million a tael and sold at VND21.18 million.
At Sacombank Jewelry the metal was traded at VND21.16 million.
The Hanoi-based gold dealer, Bao Tin Minh Chau purchased gold at VND21.14 million and sold at VND21.20 million.
Most jewelers s... |
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[2009-08-21] Non-Cash Payment in the Public Sector: Bottlenecks Are Many
Non-Cash Payment in the Public Sector: Bottlenecks Are Many
(Listed Aug 21, 2009)
Vietnam is one of leading countries in terms of payment in cash. The Government would like to see the public sector take the lead in changing this.
Bottlenecks
Ta Anh Tuan, the deputy general director of the State Treasury, said that to reduce cash payment in Vietnam is difficult. Although there are coming to be more ATM machines in the big cities and more city people are getting ATM cards, the... |
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[2009-08-21] Prices rise faster in Hanoi than HCMC
Prices rise faster in Hanoi than HCMC
(Listed Aug 21, 2009)
Consumer prices in August rose 0.47 percent in Hanoi and 0.22 percent in Ho Chi Minh City.
The Hanoi Statistics Office said housing prices saw the steepest rise, following several hikes in construction steel prices. In June prices had risen 0.91 percent and in July 0.77 percent. If based on prices at the end of last year inflation in August was a more moderate 0.36 percent. Meanwhile, the HCMC Statistics Office... |
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[2009-08-21] Viet Kieu Businesspeople
Viet Kieu Businesspeople
(Listed Aug 21, 2009)
This following was presented by Deputy Prime Minister and Minister of External Affairs Nguyen Gia Khiem at the Overseas Businessmen Association Conference in Hanoi on August 10, 2009.
Mr. Pham Dang Khoa, a Viet Kieu Vietnamese businessman residing in New Zealand, said that when he moved to New Zealand in 1985 he witnessed the use of modern technology. He is the head of a number of companies in New Zealand and one of the companies has a... |
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[2009-08-21] The New Vietnam Tourism Property Association
The New Vietnam Tourism Property Association
(Listed Aug 21, 2009)
The newly established Vietnam Tourism Property Association (VnTPA) held its first meeting in mid-August in HCMC.
VnTPA was established by local and foreign specialists and businessmen who work with tourism property. VnTPA is to create a wholesome playing field for every business in the field. It is to be a place where they can share information and work together to promote and protect their common interests.
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[2009-08-21] The Central Highlands: Still Bursting with Potential
The Central Highlands: Still Bursting with Potential
(Listed Aug 21, 2009)
The Ministry of Planning and Investment, the Communist Party People's Committees of Dak Lak, Gia Lai, Kon Tum, Dak Nong and Lam Dong provinces and the Tay Nguyen Steering Committee, with the Bank for Investment and Development of Vietnam (BIDV), held a press conference on August 12th in Hanoi to announce the 'Investment Promotion in Tay Nguyen Provinces Forum'.
The national investment forum is being held bec... |
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[2009-08-20] Chinese stocks at two-month low
Chinese stocks at two-month low
(Listed Aug 20, 2009)
China's main share index has closed at a two-month low on concerns about the viability of the global recovery.
The Shanghai Composite Index fell 4.3%. Shares have shed 19% so far this month, reversing a surge in the value of Chinese stocks earlier this year.
"Investors are afraid there are no fundamentals to support the rally," said Cai Xiang, a Sinolink analyst.
The country's biggest banks, such as Industrial & Commercial Bank... |
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[2009-08-20] ACB: Asia Commercial Posts Pretax Profit of $78.6 Million
ACB: Asia Commercial Posts Pretax Profit of $78.6 Million
(Listed Aug 20, 2009)
Asia Commercial Bank, Vietnam’s third-biggest listed company by market value, posted a pretax profit of VND1.4 trillion (US$78.6 million) for the first seven months of the year.
Total assets exceeded VND147 trillion as of July 31, according to an e-mailed statement from the Ho Chi Minh City-based company Monday. The bank didn’t provide year-earlier figures, and Chief Executive Officer ... |
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[2009-08-20] RMIT Vietnam's New President
RMIT Vietnam's New President
(Listed Aug 20, 2009)
RMIT International University Vietnam met the press on August 10 in Hanoi to present its new president Professor Merilyn Liddell who began her appointment in July 2009, replacing Michael Mann.
Professor Liddell holds Bachelor of Medicine and Bachelor of Surgery degrees from the University of Melbourne, has a Masters Degree in Family Medicine and completed her doctor training at Monash University. From 2003 to 2007, Professor Lidd... |
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[2009-08-20] Packaging + Advertising: Selling Products in the EU
Packaging + Advertising: Selling Products in the EU
(Listed Aug 20, 2009)
Mr.Chu owns a big chain of retail stores in Hungary (while we have no idea how many stores he has, each one is 300 - 1000 square meters in size) and 10,000 customers come to shop at these stores each day. Mr. Chu did say that inferior Vietnamese products such as food, clothing, home interior and luxury goods can be sold in the EU.
According to Mr. Chu, a Vietnamese college graduate who is fluent in another ... |
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[2009-08-20] Industry Promotion Models in Thai Binh
Industry Promotion Models in Thai Binh
(Listed Aug 20, 2009)
It has been five years since Government Decree 134/2004/ND-CP was put in place in 2004, encouraging the development of industry in rural areas. Industry promotion activities in Thai Binh province have contributed to the development of businesses, cooperatives and factories in rural areas of the province. Particularly, the development of a technical performance model has brought about high efficiency and effectiveness.
T... |
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[2009-08-19] Rang Dong Group has announced
Rang Dong Group has announced
(Listed Aug 19, 2009)
Rang Dong Group has announced to begin a condominium project next month in its complex Sea Links Golf-Hotel-Villa in the coastal resort town of Phan Thiet to take another step into tourism property development in the south central province of Binh Thuan.
The developer says the Ocean Vista condo project will be situated on 8 hectares within the complex and feature six blocks of buildings with 557 luxury apartments from 80 to 250 square mete... |
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[2009-08-19] Tourist property firms team up to boost business
Tourist property firms team up to boost business
(Listed Aug 19, 2009)
A group of real estate companies founded the Vietnam Tourism Property Association (VnTPA) last week in Ho Chi Minh City to promote the country’s tourism property sector.
The association, VnTPA, gathers entrepreneurs operating in the tourism property sector to promote investment opportunities and help the government create a legal framework for the industry, according to tourism property developer Phuquocl... |
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[2009-08-19] Malaysia seeks construction investment in Vietnam
Malaysia seeks construction investment in Vietnam
(Listed Aug 19, 2009)
Vietnam’s potential, opportunities, environment and investment incentives in infrastructure construction were introduced to Malaysian businesses at a workshop in Hanoi on Aug. 18.
Addressing the workshop, titled “Construction - opportunities for cooperation and investment between Malaysia and Vietnam,” Tran Van Ta, General Director of the State Capital Investment Corporation (SCIC), stressed that... |
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[2009-08-19] Work begins on Eastern Saigon urban town
Work begins on Eastern Saigon urban town
(Listed Aug 19, 2009)
The Nhon Trach Investment Joint Stock Company (NTIC) on Sunday began construction of the Eastern Saigon urban town project worth about VND660 billion (US$38.5 million) in Dong Nai Province.According to NTIC, the project is part of the $6 billion Nhon Trach urban area that covers 759 hectares in the southern province.The Eastern Saigon urban town is located on the key strategic junction of several new highways linking Dong Nai Provi... |
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