tag:blogger.com,1999:blog-47687811420058788512012-02-15T12:40:36.041-08:00Keep up to date by using the <a href ="http://blog.doingbusinessinvietnam.com/feeds/posts/default" > <u>Site Feed</u></a> &nbsp; &nbsp; | &nbsp; &nbsp; <a href ="http://blog.doingbusinessinvietnam.com"> <u>HOME</u></a><br><br><br>Site Adminnoreply@blogger.comBlogger2511100tag:blogger.com,1999:blog-4768781142005878851.post-3472503083904758802008-06-10T17:13:00.000-07:002008-06-10T19:38:01.555-07:00

Vietnam’s real estate transparency index has improved, said experts of Jones Lang Lasalle, one of the world’s leading groups in real estate service and market research, at a press conference announcing the group’s presence in Hanoi.This group will release its report on the real estate transparency index 2008 next week.Christopher Fossick, Jones Lang Lasalle’s Southeast Asian Managing Director,

Site Adminnoreply@blogger.com8tag:blogger.com,1999:blog-4768781142005878851.post-19679628175267116342008-06-05T21:52:00.000-07:002008-06-10T19:36:21.881-07:00

Investors continued to hold back on their trading, pushing the VN-Index even further past the 400-point mark on June 6.VN-Index closed down 1.41 percent on June 5 at a stunning 390.08. Trading revenue stayed at 70.07 billion VND (4.38 million USD) with 2.43 million shares changing hands, representing a slight increase of 12.85 percent over the June 4 session.Only eight codes managed to gain

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-57244587539624799282008-06-03T15:58:00.000-07:002008-06-10T19:37:03.290-07:00

Vietnam has emerged as the most attractive emerging market destination for retail investment, said A.T. Kearney, the world leading management consulting firm.This was shown in the seventh annual Global Retail Development Index™ (GRDI), a study of retail investment attractiveness among 30 emerging markets conducted by A.T. Kearney.According to the study, Vietnam's leap from fourth in the 2007 GRDI

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-30860916239839941872008-05-28T22:18:00.000-07:002008-06-01T20:36:56.841-07:00

The registration fee policy, which aims to recognize and protect the ownership of assets, has become unsuitable to the new circumstances. The Ministry of Finance has proposed that the Government to amend the policy.Car registration fee increase proposedBurden on the poor, nonsense to the richRegistration fees have become a burden on people, especially poor people. Under the current regulations,

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-56124646337653236172008-05-21T07:26:00.000-07:002008-05-21T07:31:59.167-07:00

A very good artible on the Far Eastern Economic Review published this month by Jonathan Pincus and Vu Thanh Tu Anh. Mr. Pincus is chief economist of the United Nations Development Programme in Vietnam and Mr. Vu is an economist with Harvard University's Vietnam Program.____________What a difference a year makes. Early last year, a spate of stories appeared in the international press proclaiming

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-4570941266204467692008-04-23T15:57:00.000-07:002008-05-21T07:32:49.699-07:00

Trading boards of both southern and northern bourses today were overwhelmed in red as a majority of stocks listed were decliners.As many as 105 stocks listed on the southern bourse, or two thirds of the total 154 listed stocks, dropped while only 37 gained and 12 others stayed still. The VN-Index closed at 530.62, down 0.8% or 4.3 points. Trading volume continued to reduce with only 4.2 million

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-41836576369657954012008-04-17T20:58:00.000-07:002008-05-21T07:33:27.287-07:00

Foreign direct investment (FDI) is increasingly flowing into the local real estate market at a time local investment in this sector is dwindling due to the tightening monetary policy, according to a forum last week in Danang City.At the international forum on real estate development over the weekend in the central coast city, many said restrictions on bank loans for local developers have given

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-29844498348284372712008-04-03T21:31:00.000-07:002008-05-21T07:34:05.910-07:00

The Director of Indochina Capital Fund (ICF) said while the recent declining stock market has negatively impacted on the fund, it has also created bigger opportunities for the company to continue investing in Vietnam.ICF Director Thomas Ngo has announced that the company will invest 200 million USD in private Vietnamese companies who are facing difficulties in mobilising capital due to sharp

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-66696297136095153702008-03-27T18:45:00.000-07:002008-05-21T07:55:04.294-07:00

Vietnam has a legal system on land-related issues but its land transparency is said to be the lowest in the world.Speaking at a workshop on the Estate Registration Law, Nguyen Thuy Hien, a senior official of the Ministry of Justice, said the real estate market is developing rapidly but the state can’t control market fluctuations so this market always has latent instabilities.“Black” deals make

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-30332379917670931372008-03-22T16:16:00.000-07:002008-05-21T07:56:14.095-07:00

Vietnam has great potential for achieving a high economic growth, but needs to curb inflation and maintain sustainable development in an effective way, said Paul Sarbanes, former chairman of the US Senate Committee on Banking, Housing and Urban Affairs and co-author of Sarbanes-Oxley Act.Mr Paul made the remarks at the ninth Asian Banker Summit 2008 held in Hanoi on March 17-18. “It’s really a

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-57128905732828230272008-03-17T14:30:00.000-07:002008-05-21T08:00:10.382-07:00

Vietnamese companies have been heavily criticised for attaching themselves to the dollar in making payments for export deals, due to which they have been suffering when the dollar devaluates. In response, the companies said that it is not easy to change the custom of using dollars in making payments overnight.Rooted habitAccording to the Forex Management Department under the State Bank of Vietnam

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-38843339328185467492008-02-05T20:39:00.000-08:002008-05-21T07:57:25.421-07:00

During a recent meeting of the Government to review the socio-economic situation for January, cabinet members were unanimous that January’s economic growth rate remained high, while the Consumer Price Index (CPI) soared.According to a survey of the Hong Kong and Shanghai Banking Corporation, small and medium-sized enterprises in Asia were continuously optimistic about the prospects of economic

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-91244734488032038362008-02-04T20:46:00.000-08:002008-05-21T07:58:25.909-07:00

Foreign investment has made a strong impact on various fields of Vietnam’s economy over the past 20 years. However, there remains a number of problems to be resolved in order to effectively use foreign direct investment (FDI).According to the Foreign Investment Department under the Ministry of Planning and Investment, so far 82 countries and territories have invested in Vietnam with a total

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-70984257328650341822008-01-28T18:43:00.000-08:002008-05-21T07:59:10.584-07:00

Experts warn that if all automobile joint ventures import cars to sell rather than manufacturing them, Vietnam will not have its own automobile industry.Mercedes Benz Vietnam has announced it received a license to import cars for domestic consumption. Experts say this might ignite a new trend for existing automobile joint ventures to import cars to sell instead of investing in manufacturing.Under

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-14331422482305577252008-01-28T12:13:00.000-08:002008-01-29T12:52:49.713-08:00

The Board of Governors of the American Chamber of Commerce in Vietnam (Ho Chi Minh City) has elected a new chairman, Mr. Jim Andrew, of ConocoPhillips Vietnam.In outlining his vision for the organization, Mr. Andrew stressed the need to continue the dynamism of AmCham. "We want to build on the momentum we have developed in recent years, particularly now that Vietnam is a member of the World Trade

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-78935528531582871982008-01-27T09:23:00.001-08:002008-01-27T09:24:08.724-08:00

Experts, State officials, and entrepreneurs all think that Vietnam will be heavily influenced by the US economic recession.Vietnam, and especially textile and garment companies will not be safe from the US economic recession. It is expected that in 2008, the US market will consume 55% of Vietnam’s total garment exports.As the US economy falls further into difficulty, Vietnamese exporters have to

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-9689599898227758312008-01-25T20:24:00.000-08:002008-01-27T09:08:17.446-08:00

California-based Good Choice USA last week got an official investment certificate to develop a $1.3 billion Disneyland-style them park in the coastal town of Vung Tau, near Ho Chi Minh City.It is a move that Good Choice, one of the affiliates of leading US real estate and investment firm Platinum Dragon Empire Incorporated (PDE), considered “very significant” for its project development.The Vung

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-50016677046252998532008-01-24T15:40:00.000-08:002008-01-24T15:56:34.294-08:00

Dow Jones said last week the company was looking into incorporating Vietnam into its global listing of stock indexes.“Vietnam is on our priority list for market expansion,” said Sybille Reitz, a Dow Jones spokeswoman who visited the offices of Dau Tu (Investment) and Vietnam News newspapers last Thursday and Friday.International investors are looking to diversify their investment portfolios by

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-65930657907673594842008-01-09T10:37:00.000-08:002008-01-18T22:32:50.578-08:00

Right after the country joined the World Trade Organisation, the pharmaceutical industry became a magnet to draw in foreign investment with 58 new foreign businesses in 2007 alone.The Health Ministry reported that it has, by the end of October 2007, licensed 370 foreign businesses engaged in the making of medicines and drug materials with Chinese, Indian and Pakistani entrepreneurs making up the

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-34775997196694775672008-01-03T22:18:00.000-08:002008-01-03T22:25:53.126-08:00

The State Securities Commission (SSC) has approved the 13 independent auditing firms below to provide auditing services for securities issuers, listed firms and securities companies in 2008.They are:1. CA&A Consultant and Auditing Company Limited2. Auditing and Accounting Services Company Limited (AASC)3. Vietnam Auditing and Accounting Consultant Company Limited (AVA)4. Dat Viet Auditing and

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-45614205844551131262007-12-31T16:25:00.000-08:002007-12-31T17:23:07.786-08:00

In less than 7 hours, I'll be ringing in the New Year in California. Those of you who are in Vietnam have already celebrated yours and are probably just waking up to the New Year (or maybe not.) As I wait to pop the champagne, let's take a quick look at what Vietnam has accomplished this year and see what needs to be done in 2008.2007 has been a great year for Vietnam and there is much to

Site Adminnoreply@blogger.com1tag:blogger.com,1999:blog-4768781142005878851.post-36893821454853195062007-12-27T22:18:00.000-08:002007-12-28T07:02:23.674-08:00

Vietnam's exports to the US is expected to reach US$13.1bil in 2008, an increase of 28% over 2007. Vietnam's revenue from exports to the US increased by 39% this year to $10.2bil.The 2007's growth rate came mostly from items such as clothing, seafood, wood products, coffee, and footwear.The garment sector currently takes up the lion's share of Vietnam's exports, with a value of $4.4bil. Next

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-50367980945269592812007-12-22T09:58:00.000-08:002007-12-22T10:02:09.494-08:00

As many as 9,473 have registered to buy over 122.2 million shares of the Bank for Foreign Trade of Vietnam at its initial public offering scheduled for December 26.Of these, 45 foreign organizations have registered to buy nearly 39.9 million shares while 207 foreign individuals have ordered to buy nearly 805,000 shares.In total, foreigners ordered to buy nearly 40.7 million shares, accounting for

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-59091840861886433912007-12-13T15:25:00.000-08:002007-12-22T09:17:32.251-08:00

Construction and property firm DESCON (DCC) listed on the Ho Chi Minh City Stock Exchange on December 12, becoming the bourse’s 130 th member.The price reference on its opening day was 62,000 VND, and the stock closed at 69,000 VND after clocking volumes of over 326,000.DCC has a charter capital of 103 billion VND with the State holding 5.53 percent and its staff 14.7 percent. A foreign

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-67011307025567185412007-12-13T15:23:00.000-08:002007-12-22T10:25:14.571-08:00

When regulations on foreign stock market investors will be put into effect?? Government officials were unable to provide an answer.The Ministry of Finance announced at the beginning of this year that draft regulations had been completed, but for some reason, the document that should have been enacted mid-year has yet to be ratified.According to Chairman of the State Securities Commission (SSC),

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-43017143388366161372007-12-12T20:03:00.000-08:002007-12-22T09:39:01.852-08:00

Commercial banks have lifted interest rates on dong deposits yet again to rescue client profit against the backdrop of high inflation.Banks have said that the rate hike favors depositors as inflation continues to outstrip interest rates and erase any possible gains."Those depositing in dong are losing out," said deputy general director of the Western Bank, Nguyen Quoc Sy.Today, a customer who

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-16989816597244826932007-12-12T19:54:00.000-08:002007-12-22T09:34:03.905-08:00

How expensive Vietcombank’s shares will go for is the current hot topic of investor discussions. Many say they will accept the VND130-150,000 range, while analysts argue the IPO will be a game for big players, ready to pay VND200,000/share or higher.According to Hoang Xuan Quyen, Director of the Investment Analysis Division under Tan Viet Securities Company, he will be able to accurately forecast

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-73525775010521426352007-12-11T20:31:00.000-08:002007-12-22T10:29:36.951-08:00

The property volume now offered on HCM City’s real estate trading floors has reduced slightly after the announcement of the Personal Income Tax (PIT) law, but sale prices remain high. Experts think that the newly ratified tax on real estate capital gains will not have a considerable impact on the market.Under the PIT Law, taxable income will be calculated by subtracting sales price from purchase

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-8930233196336846182007-12-10T16:21:00.000-08:002007-12-22T09:27:32.592-08:00

Foreign-made cars have been imported in large quantities after the Government lowered the import tax rate.According to the Vietnam Automobile Manufacturers’ Association (VAMA), local auto manufacturers will only be able to deliver the 10,000 cars they have promised by the end of the first quarter of 2008. A lot of sales agents have refused security money from clients because manufacturers cannot

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-71767780590861050732007-12-06T08:31:00.000-08:002007-12-22T09:23:43.128-08:00

HCM City ’s gross domestic product (GDP) surpassed 228.6 trillion VND (14.3 billion USD) in 2007, a year-on-year rise of 12.6 percent and the ten-year record, reported the city’s People’s Committee.At the 12 th meeting of the seventh tenure of the HCM City People’s Council on December 4, the municipal People’s Committee said that 14 socio-economic targets for 2007 have been fulfilled, including

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-81791153916134645182007-12-04T18:15:00.000-08:002007-12-05T06:56:49.804-08:00

There was an article from VNS a few days ago talking about an upcoming credit worthiness rating book for publicly traded companies in Vietnam (see original article).The book is published by the Credit Information Center of Vietnam and Dun & Bradstreet (D&B) and will be available in both English and Vietnamese.There was no mentioning in the article as to when the books will come out or how much it

Site Adminnoreply@blogger.com2tag:blogger.com,1999:blog-4768781142005878851.post-10566361252310077422007-11-25T22:28:00.000-08:002007-11-26T19:18:45.623-08:00

There are approximately 3 million Vietnamese living overseas. They are often referred to as Việt Kiều, which means Vietnamese sojourner (a temporary visitor.)Almost half of all overseas Vietnamese are currently living in the United States. They are viewed as an important bridge for the US-Vietnam relationship. Viet Kieu all over the world have successfully integrated into society and are depended

Site Adminnoreply@blogger.com1tag:blogger.com,1999:blog-4768781142005878851.post-56754730115116206332007-11-21T18:21:00.000-08:002007-11-22T12:39:34.917-08:00

I know Vietnam doesn't celebrate Thanksgiving but in the U.S. it's a big holiday, especially for the retail industry.The day after Thanksgiving, also known as Black Friday to retailers, is the biggest shopping day in the United States. Sales registered on this day are considered an important economic indicator. With the housing woes, higher energy costs, and the subprime mortgage fiasco,

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-80497636326655285552007-11-11T14:33:00.000-08:002007-11-22T11:36:01.187-08:00

Being a member of the World Trade Organization (WTO) has been quite rewarding for Vietnam in its first year. The membership has helped Vietnam accomplished a few notable achievements so far this year.Below is my short list of what Vietnam has accomplished since its admission to the WTO:A Record Foreign Direct Investment (FDI) - FDI estimated to reach USD$13 billion this year. The WTO membership

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-8646122065511705752007-11-08T15:40:00.000-08:002007-11-12T16:49:48.786-08:00

The Vietnam real estate market is overheating but who has been buying up the properties? Surprisingly (or not), an estimated 60% of the purchasers who bought houses actually don't need a home but are buying and selling to make profit.These purchasers are what we called speculators. So, what is driving the speculators to this market?1. Recently, Pricewaterhouse chose HCM City to be in the top 10

Site Adminnoreply@blogger.com2tag:blogger.com,1999:blog-4768781142005878851.post-28410920308997301812007-11-07T13:13:00.000-08:002007-11-08T23:22:49.453-08:00

As of October 24, the government has a new set of criteria for companies which audit stock brokerages.According to the new Decision No. 89/2007/QD-BTC, an accredited auditor must satisfy the following requirements:For domestic auditing firms - a minimum charter capital or equity of $2B VND (approximately $125,000 USD) ;For foreign-invested auditing firms - a minimum charter capital of $300,000

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-22144909852938131312007-11-06T15:21:00.000-08:002007-11-22T11:31:14.052-08:00

Let's talk a little bit about foreign direct investment (FDI) and foreign indirect investment (FII) to Vietnam. A lot of attention has been paid to FDI but not much has been mentioned about FII until recently.First of all, what is the different between the FDI and FII?With FDI, the foreign money goes directly into activities such as purchasing physical assets, merger and acquisition, and

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-76317454496993009452007-11-05T12:10:00.001-08:002007-11-12T17:29:10.391-08:00

U.S. Commerce Secretary Carlos M. Gutierrez is in Vietnam for the next 3 days meeting with government officials and business leaders trying to expand trade ties between the two countries and to remove hurdles so U.S. businesses can get into the action a little faster.The U.S. currently ranks only 6th on the list of top foreign investors in Vietnam behind Asian countries such as South Korea, Japan

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-64999035046327385442007-11-02T16:21:00.000-07:002007-11-08T23:25:51.895-08:00

While seafood processing capacity increased by 20 percent last year, catches in 2006 were up only by 7.6 percent.The supply shortage has caused a majority of seafood processing factories to operate at just 30 or 50 percent of their capacity.So, Vietnam is working to reduce tariffs rates to encourage unprocessed seafood imports in order to increase export revenues.Vietnam is home to 470 seafood

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-49210223826482634302007-11-02T16:18:00.000-07:002007-11-02T19:21:04.120-07:00

The Ministry of Construction ordered an investigation on property developers in HCM City to ensure they comply with the Housing Law and the Law on Realty Business.The ministry suspects some housing developers have violated the Housing Law by accepting advances to hold properties for purchase. To protect buyers and prevent market instability, the current Housing Law states investors can only raise

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-5001017636667712612007-11-02T16:10:00.000-07:002007-11-02T19:41:24.722-07:00

The Vietnam stock market is in its early stage, commodities trading are limited, the debt market is not in place, and derivatives are not available, which means the potential for investment funds is HUGE.Vietnam is expected to see a boom in investment funds as the country's stock market has become increasingly attractive to investors, experts said at the "Funds World Vietnam 2007" conference

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-47210623560637841402007-11-02T06:58:00.000-07:002007-11-06T11:05:31.650-08:00

Vietnam's booming market is proving costly for the working class, which face big rises in the price of basic products.The price of food rose 13.94% in October 2007. The cost of rice and other grains alone increased by 15.98%. Compared to the same period last year, consumer prices rose 9.34% in October after an 8.8% increase in September, according to the general statistics office (GSO). Vietnam

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-36187025853711734602007-11-01T20:11:00.000-07:002007-11-02T19:08:48.355-07:00

The World Bank has today declared that Vietnam’s development progress and increasing creditworthiness had made it eligible to access the International Bank for Reconstruction and Development. This is great news for Vietnam.The International Bank for Reconstruction and Development is a branch of the World Bank to assist middle-income and creditworthy developing countries by promoting sustainable

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-41261025964606034842007-11-01T20:06:00.000-07:002007-11-01T20:27:45.542-07:00

According to the US-ASEAN Business Council President Matthew P. Daley, the US will become the largest foreign investor in Viet Nam in just one or two years if the Vietnamese Government speeds up investment climate reforms.Viet Nam and the US have enjoyed a surge in investment and commerce in recent years. The 2007 two-way trade turnover is estimated at 13 billion USD while the US investment has

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-4039852460131272062007-11-01T20:02:00.000-07:002007-11-12T17:05:40.716-08:00

Poor infrastructure and high real estate prices are the biggest worries of portfolio managers when they consider injecting money in Vietnam.The infrastructure system, including roads, water and electricity items, were overused, and had become a barrier to national economic development. Traffic jams are becoming a big problem and has dampened the investment environment. This problem is now a top

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-67572568530388879522007-10-31T11:32:00.000-07:002007-11-01T06:57:41.653-07:00

The Vietnam Oil and Gas Group (PetroVietnam) is going to buy more oil fields abroad to counter the oil and gas shortages.PetroVietnam is in the process of buying a Kazakhs company which owns some oil fields with reserves of tens of millions tonnes.Since early this year, PetroVietnam has signed six new oil contracts with foreign partners, bringing the total to 13 exploring and exploiting projects

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-58167377142345432672007-10-31T11:20:00.000-07:002007-11-01T20:55:59.637-07:00

Tourism in Vietnam is growing at a very fast pace and HCM city is the favorite destination.Almost 2 million foreigners visited HCM City year to date, accounting for 60% of all foreign visitors in Vietnam.Tourism revenue in Ho Chi Minh City has reached 1 billion USD with in the first 9 months of 2007. This represents an increase of 40% compares to the same period last year.

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-78482249151847106412007-10-31T11:15:00.000-07:002007-11-01T12:30:37.438-07:00

Many investors have left HCM City to make transactions at the Hanoi Securities Trading Centre (HASTC) to seek larger profit.With the allowed wider trading band (10% vs 5%), investors at HASTC can make twice as much profit compared to HCM City Stock Exchange (HOSE). This explains why investors are flocking to HASTC, though HOSE is still considered the main bourse of Vietnam, and sets higher

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-7523208699294814142007-10-30T12:27:00.000-07:002007-11-12T17:26:59.862-08:00

I think the outlook for Vietnam in the next 5 years is outstanding. It's amazing what the country has accomplished in the last 5 years. There are still many challenges ahead but I believe Vietnam is going to be a great emerging market.Below are my top 5 reasons as to why Vietnam is a great place to invest and to do business in the next 5 years.1. An Attractive FDI Destination. Some manufacturing

Site Adminnoreply@blogger.com1tag:blogger.com,1999:blog-4768781142005878851.post-5016677814729976482007-10-30T10:51:00.000-07:002007-10-30T17:34:20.306-07:00

According to Ministry of Agriculture and Rural Development (MARD), seafood exports brought in 3 billion USD in the first 10 months of 2007 representing a year-on-year increase of 10.8 percent. Packaging, labeling and food safety regulations are key factors to continue and raise the seafood export turnover.

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-45088951297752952212007-10-23T18:10:00.000-07:002007-10-23T18:16:26.544-07:00

Employees who earn monthly pay of VND60 to nearly VND200 million per month are very rare in Vietnam but these are the levels that some Vietnamese employers pay their foreign employees.Tam Thanh Thien Trang, Deputy Director of the NetViet human resource development company, said that so far this year, especially in August and September, the need for foreign employees of Vietnamese companies

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-77248281021544737512007-10-18T15:28:00.000-07:002007-10-18T15:30:19.482-07:00

“Tra” and “basa” catfish exports are likely to bring in 1 billion USD this year, according to an official from the Viet Nam Association of Seafood Exporters and Processors (VASEP). Local producers have recorded strong gains in markets such as the EU, the US , ASEAN and Ukraine in spite of their strict requirements on food safety and hygiene, according to VASEP Vice President Nguyen Huu Dung. The

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According to SJC in Hanoi, its gold shops in Hanoi were ‘overloaded’ yesterday afternoon, when people heard that the world’s gold price had hit the $769/oz level and the domestic level VND14.73mil/tael and rushed to buy gold.Vu Minh Chau, the owner of Hanoi-based Bao Tin Minh Chau Gold Shop, said that his shop did not have enough gold to sell yesterday afternoon.“The purchasing power has been

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Leading global financial organisation Morgan Stanley was expected to acquire a 10 percent stake in PetroVietnam Finance Corporation (PVFC), an affiliate of Viet Nam Oil and Gas Group, the mother company reported on Oct. 16 at a signing ceremony in Ha Noi.The Viet Nam Oil and Gas Group (PetroVietnam) inked two cooperation agreements with Morgan Stanley and Ha Noi Securities Trading Centre (HASTC).

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The Ha Noi Trade Corporation (Hapro) has invested 120 billion VND (7.5 million USD) to build a cattle and poultry slaughter house in Ha Noi's Gia Lam outlying district. The project, covering more than 2.5 ha in the Hapro Food Industry Park , will have an abattoir, a 10 tonne per day frozen food arm, a 10 tonne per day cannery and a 2,000-tonne refrigeration system. The abattoir will be equipped

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The trading volume at the Hanoi Trading Securities Centre (HASTC) has seen sharp increases since mid September. It seems that the smart cash is flowing into the place which can bring the biggest profit. Investors are flocking to HASTC instead of the Ho Chi Minh City Stock Exchange (HOSE), which is considered the main bourse in Vietnam.In the eyes of securities investors, HASTC is considered less

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The export turnover of Viet Nam’s agricultural products is estimated to top 10 billion USD by the end of October, said Deputy Minister of Agriculture and Rural Development Diep Kinh Tan.The figure is predicted to continue increasing by the year-end and early 2008, Tan said at a seminar entitled “Improving Small- and Medium-sized Enterprises’ Capacities in Preserving and Processing Agricultural

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The Viet Nam Oil and Gas group (PVN) and the US investment bank Morgan Stanley signed a cooperation deal in Ha Noi on October 16. The US bank is expected to hold a 10 percent stake in the PVN’s Finance Company (PVFC), which will make its initial public offering soon. The bank will also help PVN draw capital from the regional and global financial markets and improve its financial and banking

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28 foreign organizations and 537 foreign individuals have opened securities transaction account in Vietnam in the first eight months of 2007, said the Securities Investment Fund Management Company (VFM). Under statistics from the VFM, the total amount of foreign capital that has been injected into Vietnam’s securities market was 4.8 billion USD at the end of August, 2007. As forecasted, the

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In the first five months of the year, the State Bank of Vietnam (SBV) bought $7bil when the dollar supply was profuse. According to Nguyen Dong Tien, Deputy Governor of SBV, the purchasing aimed to balance supply and demand and to increase the national foreign currency reserve.The opportunity to increase the foreign currency reserve, once again, has come, with the dollar supply proving to be in

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Nine finance companies have been licensed in Vietnam so far, including the two, Prudential Finance under Prudential group, and SG Finance Company under Société Générale set up several days ago. The State Bank of Vietnam has received nearly 20 other applications for setting up finance companies. “There would be more and more applications for establishing finance companies in the time to come,”

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Vietnam National Textile and Apparel Group (VINATEX) has expanded its supermarket chain to 16 cities and provinces across the country.Staring from a retail shop in Ho Chi Minh City six years ago, the chain, known as VINATEX MART, now includes 46 supermarkets in Hanoi, Hai Duong, Thanh Hoa, Nghe An, Da Nang, Gia Lai, Dak Nong, Binh Phuoc and other localities.VINATEX MART has developed at an

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The Mekong delta city of Can Tho has attracted 10.3 million USD worth of foreign directinvestment (FDI) so far this year.As a result, The city has so far lured 44 FDI projects with combined capital of 136.9 million USD.Besides, 99 foreign-invested branches, business offices, showrooms and entrepots are operating in the city.During the nine-month period, FDI enterprises in the city garnered 146

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The most luxurious fashion brand in the world, Gucci, has confirmed its presence in Vietnam. Gucci Chief Executive Officer Mark Lee said that Vietnam was an attractive market for high-quality consumer goods.What is the role of Vietnam in Gucci’s business strategy in Asia and the Pacific?Vietnam plays a very important in Gucci’s business expansion plan in Asia, the market with the strongest growth

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The stock market will continue expanding for the foreseeable future, said Vu Bang, chairman of the State Securities Commission, during a Saturday conference on Vietnam's business environment."The equity market in the short term will lure more capital from foreign institutional and retail investors. In addition, shares have completed a reasonable price adjustment, and as a result the market should

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More than 600 entrepreneurs gathered at the HCM City’s Reunification Palace to hear presentations made by local and foreign businesspeople on the topic "Viet Nam Entrepreneurs: One Team - One Vision"."The role of the private sector is important. If businesses become strong, then so does the economy," Nguyen Thanh Minh, deputy editor-in-chief of Doanh Nhan Sai Gon (Sai Gon Entrepreneurs) newspaper

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Commodity brokerages may not be too far from being eligible to receive foreign direct investment (FDI). The government is mulling over a proposal to permit FDI in these brokerages. At present, foreign companies can enter the Indian commodities market only through their outfits or joint ventures in the equity markets. The finance ministry is in favour of allowing foreign companies to invest

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Investor interest in PetroVietnam Finance Corporation (PVFC) is climaxing with its initial public offering just a week away.PVFC plans to auction 59.6 million shares on October 19. SeaBank Securities, PVFC’s financial advisor for the public offering, has set the initial bidding price at VND51,000 a share.Besides being a subsidiary of Viet Nam’s leading oil producer, PetroVietnam, there are

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Deputy Prime Minister Nguyen Sinh Hung has requested that foreign investors be allowed to hold a maximum of 30% stake and one foreign investor be allowed to hold a maximum of 15% stake in the to-be-equitised PetroVietnam Financial Company (PVFC), according to a new document issued by Governmental Office dated October 8.These proportions are being applied to commercial banks, including listed ones

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Prime Minister Nguyen Tan Dung on October 8 approved a plan to explore and pump crude oil at Block 15-1 northeast of the Su Tu Den (Black Lion) Field in the Cuu Long Basin, according to the Ministry of Industry and Trade.The project, which has a total investment of over 713 million USD, will install an oil rig and a pipe system to transport crude oil from the block.The Viet Nam Oil and Gas Group

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Central coastal Da Nang city licensed 20 foreign direct investment (FDI) projects totalling more than 677 million USD in the first nine months of the year, bringing the total valid FDI projects in the city to 112 with a combined capital of more than 1.5 billion USD. Three of 20 newly-licensed projects, worth more than 653 million USD, are involved in real estate construction. They are the 325

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Agricultural commodities supplier Olam International said Tuesday it is investing US$45 million in a soluble coffee manufacturing facility in Vietnam, the Thomson Financial newswire has reported. Olam, which is the world's largest supplier of Robusta green coffee, said the facility would produce and supply bulk spray-dried coffee powder, freeze-dried coffee granules and coffee extracts to the

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Public opinion has recently flashed positive signals on Viet Nam’s economic growth, saying that the country is the spotlight for foreign investors.The US economic newswire “Bloomberg” said Viet Nam's economic growth accelerated to its highest point in a decade, as companies made more garments for export and rising incomes and an increase in foreign visitors spurred service industries.Jonathan

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The joint venture Vietnam - Korea Housing Development Company (VK Housing) announced yesterday that it would build a project worth US$300mil in HCM City's District 7.The eight-building project, called The Mark, will kick off next February on an acreage of 8.3ha. Over 35% of the land will be used for buildings.The project's buildings of between 26 and 30 storeys all contain a basement.When

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Fearing that steel will be in short supply, the Ministry of Finance (MOF) is considering further tax cuts on finished product to pave the way for more imports into Vietnam.The ministry may lower the import tax from the current 8% to 2%, which is equal to the rate imposed on ingot (unfinished) steel.The tax cut aims to help increase supplies, thus cooling the market down. Experts have anticipated

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US carrier United Airlines announced it would begin a daily passenger and cargo service between Ho Chi Minh City and Los Angeles via Hong Kong on October 29.Speaking at a press meeting during his visit to HCM City on Oct. 8, United’s vice president Pacific, Mark Schwab, said: “We are delighted that in less than three years of operating in Viet Nam, we are significantly expanding our route network

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Automakers in Viet Nam sold a total of 7,683 vehicles in September, up 99 percent over the same period last year, a growth fuelled by stronger sales of commercial vehicles.The Viet Nam Automobile Manufacturers Association (VAMA), a trade association representing the country’s 18 leading carmakers, said sales of commercial vehicles, which include buses, vans and trucks, reached 3,889 units, up 136

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By the end of this year, the city is expected to have an additional 35,000 sq.m of office space. At the end of last year, there were 20,000 sq. m for lease with occupancy rates at 96 percent.Duc Manh Company’s Vinh Trung Plaza and Indochina Capital’s Indochina Riverside Tower are set to provide 15,400 sq.m of international standard office space when they go on-line at the end of this year. Rental

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Under the draft regulation, individual investors would have to register with the Securities Depository Centre, while institutional investors with the SSC.SSC would grant a certificate of investment registration to investors within seven days of receiving regular papers from investors.The draft regulation has immediately raised two opposite opinions. Those, who protest the regulation, say that the

Site Adminnoreply@blogger.com0tag:blogger.com,1999:blog-4768781142005878851.post-58047079338403465432007-10-08T19:19:00.000-07:002007-10-08T19:20:32.744-07:00

Ho Chi Minh City’s Hi-Tech Park has attracted US $1.4 billion worth of investment from 27 local and foreign investors after five years of operations. According to Le Thi Thanh My, deputy head of the park’s management board, about 40 investors who had registered US $700 million of capital in total are awaiting for land grant, seven other projects capitalised at US $113 million are asking for

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World Bank (WB) Country Director to Viet Nam Ajay Chhibber has said that the world’s largest development bank intends to open a representative office in Ho Chi Minh City.Chhibber held talks with the local authorities on October 8 to discuss the acceleration of several WB-invested projects in the city and said he supported the city’s urban infrastructure development, adding that the WB is

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VietNamNet Bridge – Commercial banks have said that the dollar price is decreasing because the foreign capital flow has unexpectedly returned to Vietnam’s stock market in recent days.The volume of dollars flowing into banks has increased sharply these days, said Mr Hai. Every day, his banks purchases $5mil, while the figure was $3mil in previous days. Eximbank also buys $5mil a day, and the

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Government inspectors have announced the preliminary loss of VND20bil ($1.25mi) in the biggest-ever project on making vans in Vietnam after two years of inspecting the investment activities at the assembly workshop in Thanh Hoa province. The preliminary report released by the government inspectors showed that Vietnam Engine and Agricultural Machinery Corporation (VEAM), the investor of the

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Normalising diplomatic ties with Vietnam 17 years ago, the European Union has become an important trade partner for Vietnam and a large market for many Vietnamese goods, including leather, footwear, textiles and garments. Leather and footwear exports currently represent 60 percent of Vietnam's export revenues to the EU. Even though Vietnamese leather shoes were levied an anti-dumping tax rate of

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Integration and Vietnamese government commitments to open its market have been creating great changes in the insurance market of Vietnam.A series of state-owned insurance firms like the Vietnam Insurance Corporation (Bao Viet), Bao Minh, PetroVietnam Insurance (PVI) have performed initial public offerings (IPO) and sold their stocks to foreign strategic partners, which are international insurance

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More than 150 Vietnamese businesses are displaying their products at a fair entitled “Vietnamese Businesses – Global Integration and Sustainable Development”, which kicked off in Ha Noi on October 4. The fair features more than 300 pavilions featuring some of Vietnamese most respected trademarks and products in construction, garments and textiles, footwear, automobiles, electronics,

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The world’s largest multinational corporations are looking to accelerate foreign direct investment everywhere in the region—except the Philippines—according to a UN report released Friday. In its World Investment Prospects Survey 2007 to 2009, the United Nations Conference on Trade Development (UNCTAD) said the Philippines is at the bottom of the survey among Southeast Asian countries, ranking

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The European Union has beaten out the US and Japan to become Viet Nam 's largest seafood importer, accounting for 24.4 percent of Viet Nam 's total seafood exports.In the past eight months, Viet Nam shipped 175,400 tonnes of seafood to the EU at a cost of 586 million USD, increases of 24.5 percent and 29.2 percent, respectively, over the same period last year. On the rises in both volume and

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Bank shares are the securities item investors most want to make investments in, a survey conducted by Thoi bao kinh te Vietnam newspaper has found.6,300 readers participated in the online survey conducted by the newspaper, giving their answers from August 30 to September 30, 2007 about their levels of interest in 10 most salient business fields (each ID can vote one time). The survey, which

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PARIS — Development of relations between Viet Nam and France had never been so active, Prime Minister Nguyen Tan Dung has told French President Nicolas Sarkozy.The positive development of their ties in all fields and their determination to reinforce "traditional friendly relations, comprehensive, long-term and trustful co-operation" into the 21st century were very satisfying, he said.France

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HANOI: European parliamentarians urged Vietnam on Wednesday to fast-track negotiations for an EU-ASEAN free trade agreement as European businesses worry about competition from the United States and elsewhere. Vietnam, which is coordinating talks that began last May between the 10-member Association of South East Asian Nations and the 27-member European Union, joined the World Trade Organisation

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Integration and Vietnamese government commitments to open its market have been creating great changes in the insurance market of Vietnam. A series of state-owned insurance firms like the Vietnam Insurance Corporation (Bao Viet), Bao Minh, PetroVietnam Insurance (PVI) have performed initial public offerings (IPO) and sold their stocks to foreign strategic partners, which are international

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The VN-Index at the Ho Chi Minh City Stock Exchange (HOSE) jumped 15.09 points to finish at 1099.48 points at the end of the October 2 trading session. The day saw more than 17.4 million shares worth 1.77 trillion VND being traded with 49 stocks rallying for gains, 50 others fell and 18 remained unchanged. The HaSTC-Index at the Ha Noi bourse added 8.35 points to end today's trading session at

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The export price of coffee rose by between 80-100 USD per tonne from last month to 1,800 USD, the highest over the past nine years, said the Ministry of Agriculture and Rural Development. As a result, the country earned 67 million USD from exporting 40,000 tonnes of coffee in September, thus bringing the country’s nine-month coffee export volume to 975,000 tonnes and turnover to 1.47 billion USD.

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Deputy Minister of Industry and Trade Do Huu Hao said that the best solution to force car prices down was to reduce taxes, both import tax and luxury tax. MOF calls for reconsideration of policies on auto industry What would you say about the complaints of customers about the overly high prices of cars? Consumers have every reason to complain about the big gap between the car prices on the

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The Ministry of Finance (MOF) has completed a preliminary report on the main adjustments in Vietnam’s tax policies to be applied for the coming time. In August 2007, the import tax rate on CBU (complete built units) cars was cut to 70%. According to MOF, the tax policies will be adjusted while ensuring the state budget collection and the healthy business environment that comes in line with

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Between September 24-28, foreign investors spent nearly 138 billion VND (8.6 million USD) to buy 903,600 shares of real estate developer Vincom (VIC), a newcomer to the Ho Chi Minh City Stock Exchange (HoSE). According to Nguyen Trung Kien, an expert from Viet Quoc Securities JSC, the company’s current price-earnings (P/E) ratio is lower than 20, which is ideal for investors to purchase. Making

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The Prime Minister has issued a list of 163 national projects that are calling for foreign investment from 2006-2010, said the Ministry of Planning and Investment.A majority of the projects, 109 in total are in the fields of industry and construction, covering infrastructure, mining and metallurgy, mechanical engineering, electricity, petrochemistry, chemicals, building materials, and

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The tourist sector recently has attracted several major investment projects by both domestic and foreign businesses, revealed the National Tourism Administration.The Tin Nghia Ltd. Co plans to invest 300 million USD in a series of tourist projects in the southern provinces of Dong Nai and Ninh Thuan and Da Lat city in Central Highlands Lam Dong province.A consortium of Long Beach Corp, ESACO and

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A 270 million USD thermo-power plant will be built in Can Duoc district, southern Long An province, by the ITA-Power joint stock company, according to the Chairman of the provincial People's Committee. The 111.5ha plant is scheduled to be put into operation by 2013 in line with the national electricity development blueprint for the 2006-2015 period. Once fully operational, the plant, with a

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