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Category Archives: Business

ANZ targets corporate bond market in Vietnam

The Australia and New Zealand (ANZ) Banking Group is pitching to service the corporate bond market in Vietnam , which is reopening after several slow years. Tareq Muhmood, the bank’s chief executive for Vietnam , told “The Australia” newspaper that the market has been very quiet over the past two and a half years but ... Read More »

Vietnam offers more “room” for foreigners at weak banks

VietNamNet Bridge – The government of Vietnam is considering lifting the ceiling foreign ownership ratio in Vietnamese banks in an effort to make Vietnamese banks more attractive in the eyes of foreign investors. There has been no good news for the Vietnam’s stock market so far this year. However, analysts believe that the market would prosper when the new decree ... Read More »

Formula milk market chaotic, uncontrollable

VietNamNet Bridge – The formula products imported through unofficial channels to Vietnam have been available on the market and favored by customers, even though their quality has not been certified by state management agencies. Since Vietnamese value foreign made formula above domestic products, the imports through unofficial channels have been selling well in Vietnam. In principle, the Ministry of Health ... Read More »

Shares continue losses, driving market down

Shares continued to be hit by losses during the session on March 5. On the HCM Stock Exchange, the VN-Index declined 1.4 per cent to 462.12 points. Trading value dropped 30.4 percent over the previous day’s level to 779.4 billion VND (37.1 million USD) as trading volume reached 59.8 million shares. Among the 30 leading shares in terms of capitalisation ... Read More »

Dong Nai moves to clear hindrances for investors

Authorities of southern Dong Nai province, one of Vietnam’s main manufacturing centers, have vowed to create necessary supportive policies for foreign direct investment (FDI) enterprises in the locality for their stable operation. At a meeting with representatives of over 300 FDI firms currently operating in the province on March 5, Vice Chairwoman of the provincial People’s Committee Phan Thi My ... Read More »

BUSINESS IN BRIEF 6/3

Positive FDI signs for Binh Duong The southern province of Binh Duong has attracted an additional US$597.3 million in foreign direct investment (FDI), split between 36 new projects capitalized at US$388.7 million and 35 additional capital projects totaling US$190.6 million. The results are particularly pleasing continuing international economic difficulties. A number of business delegation and entrepreneurs from Japan and the ... Read More »

Vietnam offers more “room” for foreigners at weak banks?

VietNamNet Bridge – The government of Vietnam is considering lifting the ceiling foreign ownership ratio in Vietnamese banks in an effort to make Vietnamese banks more attractive in the eyes of foreign investors. There has been no good news for the Vietnam’s stock market so far this year. However, analysts believe that the market would prosper when the new decree ... Read More »

Which countries Vietnam most expects FDI from?

VietNamNet Bridge – The plan on the investment tendencies of strategic partners being compiled by the Ministry of Planning and Investment (MPI) would give the answer to the question which countries Vietnam should attract foreign direct investment (FDI) from. A common answer one would hear from the leaders of local authorities when asking whom they would target to when promoting ... Read More »

Banks help with rice purchase for reserves

Twelve commercial banks have supplied food companies with loans to enable them to buy rice paddy and rice for reserves. Under a Government programme, the banks have provided the companies interest-free loans for buying 1 million tonnes of products harvested from the winter-spring rice crop. The Government is fully subsidising interest on the loans for three months. The State Bank ... Read More »

Retail sales, services see 10.9 percent rise

Total revenue from retail trade and services during the first two months of 2013 was estimated at 422.2 trillion VND (20.59 billion USD), a surge of 10.9 percent year-on-year, according to the General Statistical Office (GSO). Excluding the price factor, retail sales in January and February rose 3.6 percent year on year, the GSO said. Trade accounted for the biggest ... Read More »