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The Aureos South East Asian Fund (ASEAF), a fund managed by Aureos Capital Management Company, recently decided to invest $4.2 million in Tran Anh Digital World Company. Explaining the decision to invest in a privately run business like Tran Anh, Do Doan Kien, Chief Representative of Aureos Capital in Vietnam,
The southern city of Vung Tau has been considered as the site with the highest number of pending investments, projects registered or not implemented. To date, the city has 94 foreign direct investment (FDI) projects preferred; capital held by only three percent of the equity.
Posted in: Vietnam foreign investment
Meanwhile, though banks still keep their quoted prices unchanged, businesses say they cannot buy dollars at the price quoted by banks, now at 19,100 dong per dollar. An importer said his company has to pay 40-100 dong per dollar additionally to purchase dollars from banks, regardless of whether they are
Posted in: Vietnam dollar exchange rate
In an investors meeting held before making IPO (initial public offering), representatives of BIDV Insurance Company (BIC) noted that profits brought by financial investments accounted for 74.5 percent of the total. The company had pretax profits of 36.298 billion dong in the first half of the year, of which financial
These official number came out higher than the earlier central banks estimates of 10.52% credits growth rate and 10.82% deposit increase in the first half. However, they are lower than 17.01% and 16.2% in the same period last year, respectively as the government ends stimulus package.
With a chartered capital of VND500 billion and almost 4,000 staff, the corporation will promote its potential and improve its production and business, creating a strong state corporation that aims to become a group by 2015.
Deputy Chairman Le Xuan Nghia of the National Finance and Monetary Supervision Committee, says that all else being equal, exports will suffer, interest rates will stay high, money will flow to safe havens, foreign exchange will be harder to manage and perceived country risk may scare off foreign investors.
The dong edged up to 18,940/18,990 per dollar from 18,950/19,000 a week ago, Vietcombank, Vietnams largest partly private lender, said in its daily quotations. Foreign exchange liquidity in Vietnam remained high, with demand and supply well balanced on the domestic market, the central bank said in its weekly report last
Posted in: VND USD exchange rate
Le Xuan Bach, director of Vinh Hoang Xuan Trading Company, said access to dollar loans had eased since the end of last year. Because interest rates were low compared with the rates on dong loans, many companies have taken out dollar loans to do business, Bach said in a report
Posted in: VND USD exchange rate
The so-called base rate will stay at 8 percent for next month, the State Bank of Vietnam said in a statement on its website Thursday. The benchmark was raised to 8 percent from 7 percent on Dec. 1.
Posted in: Vietnam central bank
. The 16th meeting of the Da Lat City’s People’s Council on June 30, 2009 approved the plan to enlarge Da Lat City by 57,000 hectares in the next decade.
Viet Nam harvested almost 1 million tonnes of coffee in 2009-10. Traditionally, coffee exports soar in the first and fourth quarters of the year. However, last year, domestic consumption slowed
The property market in southern Binh Duong Province has the potential to develop strongly and even match the major cities of Ha Noi and HCM City in the rental segment,
A business cooperation contract on a gas pipeline project for Block B- O Mon was signed in Hanoi on March 11 by the PetroVietnamGas Corporation (PVGas), Chevron, MOECO (Japan) and
Natural rubber latex prices have been increasing steadily since the beginning of 2010. Yet even though the potential for profits is expanding, Vietnamese businesses have no rubber to sell.
An international consumer conference on the import and export of cashew nuts was held in Binh Phuoc province on March 22 in an effort to establish a global cashew nut
The Viet Nam Gas Association has recommended the Ministry of Finance cut the import tax on liquefied petroleum gas (LPG) from the current 5 per cent to 2 per cent
The five ports are: Cai Lan in Quang Ninh province, Hai Phong Port in Hai Phong city, Da Nang Port, HCM City Port and Ba Ria-Vung Tau Port. Customs declarations