Vietnam Business News
To accumulate US dollars as expected, many commercial banks are rushing to raise interest rates to the "ceiling" to mobilise US dollars. This fact has made the difference between the US dollar and dong interest rates become more ominous.
The government Office has lately sent Official Letter No 5801/VPCP - TH stating the instructions from Vietnams prime minister asking the central bank reviewing Circular 13/2010/TT-NHNN issued recently by this agency.
LienVietBank has cut its lending interest rates and discount rates to 10.7 percent per annum (p.a) for less than one-month loans secured by valuable papers issued by LienViet Bank and others credit institutions approved by Lien VietBank, the lowest rates in the market, said the lender.
The Governor of State Bank approved raising chartered capital from 5.068 trillion dong to 5.334 trillion dong in accordance with the passed plan at shareholders meeting of SeABanks on April 28, form two trillion dong to five trillion dong of OJB and 5.3 trillion dong to 7.3 trillion dong of
In details, in the first seven months of this year, the foreign-invested firms estimated gaining $3.6 billion of apparel export turnover, a year-on-year surge of 21.1 percent and counting for 61 percent of the total.
Bach Van Mung, director general of the Competition Administration Department under the ministry, told a meeting in HCM City to collect suggestions for the system that the website for warning is now under test run.
Chen said he hoped the Vietnamese government would create favourable conditions for Chinese investors. He also wished Vietnam, as the chair of Asean 2010, would support China in expanding relations with Asean nations, especially in trade and investment.
The Management Board of Dong Dang-Lang Son Border Gate Economic Zone, Cao Loc Dist Peoples Committee and Dong Dang Town Peoples Committee have lately announced the construction milestone for construction project of Huu Nghi International Border Gate.
Located on Son Tra-Dien Ngoc St, in Bai Trem land plot, Son Tra peninsula, Tho Quang Ward, Da Nang City, the Mercure Sontra Resort is a high-class hotel-tourism-resort complex to be constructed with total area of 57,651 square metres, including a four-star hotel with 120 rooms and 22 high-end resort
The last months of the year would not see a sugar shortage as the Mekong Delta would start their 2010-2011 sugar crop from September 15; and other provinces would enter their crops in late October at the latest.
Popular Vietnam Business News
Vietnam First Oil Refinery Sells 5,630 Tons of Petroleum Products
Vietnam’s first oil refinery, Dung Quat, had sold a total of 5,630 tons of petroleum products on the domestic market since its operation Feb 22 to Jun 30, said the state-owned oil monopoly PetroVietnam group.
Vietnam’s first oil refinery, Dung Quat, had sold a total of 5,630 tons of petroleum products on the domestic market since its operation Feb 22 to Jun 30, said the state-owned oil monopoly PetroVietnam group.
Transport Firms in Vietnam Could Raise Fees by 7 per cent-12 per cent: VATA
The Vietnam Automobile Transport Association (VATA) said that transportation companies may raise rates by 7 per cent to 12 per cent after the government decided to raise the retail price of petroleum products by 5
The Vietnam Automobile Transport Association (VATA) said that transportation companies may raise rates by 7 per cent to 12 per cent after the government decided to raise the retail price of petroleum products by 5
Vietsovpetro Discovers New Oil Flow in Cuu Long Basin
Vietsovpetro - a joint venture of PetroVietnam and Russia's Zarubezhneft - found a new oil flow on July 2 while probing oil in the fractured basement at the northeast Bach Ho (White Tiger)-19 well in
Vietsovpetro - a joint venture of PetroVietnam and Russia's Zarubezhneft - found a new oil flow on July 2 while probing oil in the fractured basement at the northeast Bach Ho (White Tiger)-19 well in
Foreign Oil Giants Eye $8B Refinery in Vietnam
A growing number of foreign oil companies have their interest in Vietnam’s third oil refinery, Long Son, worth $8 billion in southern Ba Ria-Vung Tau province. They are Petronas of Malaysia, IPIC of United Arab
A growing number of foreign oil companies have their interest in Vietnam’s third oil refinery, Long Son, worth $8 billion in southern Ba Ria-Vung Tau province. They are Petronas of Malaysia, IPIC of United Arab
PetroVietnam Sells 1.4M Tons of Petroleum Products in H1
The state-owned oil monopoly PetroVietnam group said that it has sold 1.4 million tons of petroleum products in the first six months this year via its affiliate, PetroVietnam Oil Corp. (PV Oil). The volume includes
The state-owned oil monopoly PetroVietnam group said that it has sold 1.4 million tons of petroleum products in the first six months this year via its affiliate, PetroVietnam Oil Corp. (PV Oil). The volume includes
HoChiMinh City-Magnet to Attract Foreign Investors
Ho Chi Minh City People’s Committee on June 27 held a meeting to review achievements in foreign direct investment (FDI) attraction for 20 years to honour organisations and individuals with positive achievements in FDI attraction.
Ho Chi Minh City People’s Committee on June 27 held a meeting to review achievements in foreign direct investment (FDI) attraction for 20 years to honour organisations and individuals with positive achievements in FDI attraction.
33 New Projects Licensed in Phu Quoc District
The Management Board for Phu Quoc Island Development Investment said 33 projects with a total registered capital of VND30.8 trillion were licensed to develop 1,800 hectares in Phu Quoc district, Kien Giang province. Of the
The Management Board for Phu Quoc Island Development Investment said 33 projects with a total registered capital of VND30.8 trillion were licensed to develop 1,800 hectares in Phu Quoc district, Kien Giang province. Of the
Hoa Lac Hi-tech Park Lands over US$1B Investment
Hoa Lac Hi-tech Park in Hanoi has to date attracted 35 investment projects totaling more than US$1 billion. So far this year, the park licensed four projects worth US$361.45 million, including an US$85.6-million lab by
Hoa Lac Hi-tech Park in Hanoi has to date attracted 35 investment projects totaling more than US$1 billion. So far this year, the park licensed four projects worth US$361.45 million, including an US$85.6-million lab by
Vietnam's Song Da Corp Invests US$2B in 14 Projects in Laos
Song Da Corporation of Vietnam has invested over US$2 billion in 14 projects in Laos to date, the Construction newspaper published by the Ministry of Construction said. The majority of the corporation’s investments have been
Song Da Corporation of Vietnam has invested over US$2 billion in 14 projects in Laos to date, the Construction newspaper published by the Ministry of Construction said. The majority of the corporation’s investments have been
Vietnam Remains Attractive Investment Destination
Vietnam is still an attractive destination for investors despite the current world economic crisis, according to the Website “Research and Markets”, the world’s leading source for international market research and market data.
Vietnam is still an attractive destination for investors despite the current world economic crisis, according to the Website “Research and Markets”, the world’s leading source for international market research and market data.