Vietnam Breaking News
Investment
Investor group urges cap on deposits
The central bank should cap interest rates paid by commercial banks on foreign currency deposits at less than 1 per cent per year, says the Viet Nam Association of Financial Investors (VAFI). The central bank should cap interest rates paid by commercial banks on foreign currency deposits at less than 1% per year, says the [...]
Viet Kieu begin to invest in VN property market
A large number of Viet Kieu (overseas Vietnamese) have started to invest in the Vietnamese real estate market. Investments had become more diversified and stronger than ever, said Megagroup’s Director Nguyen Xuan Chau. Chau added that the trend had started around 10 years ago and really picked up over the past two years. In 2010, [...]
75 foreign investors granted transaction codes in Sep
Till September 30, Vietnam Securities Depository Centre (VSD) has granted transaction codes to 14,577 foreign investors including 1,377 institutional investors and 13,200 individuals. In September alone, there were 75 foreigners receiving transaction codes including 17 institutions and 58 individuals. Reportedly, in September also, net purchase of foreign investors reached 1.16 trillion dong on Hochiminh Stock [...]
Germany expects to raise investments in Vietnam next years
Germany now ranks the 22nd among foreign investors in Vietnam and expects to increase its investments in the country in the coming years, Ambassador Rolf Schulze said. He made the statement at the 35th anniversary of diplomatic ties between Vietnam and Germany in Ho Chi Minh City on Sept 30, the state-run Vietnam News Agency [...]
RoK’s direct investment in Vietnam reaches US$23 billion
Vietnam-RoK relations have developed well over the past 18 years with two-way trade reaching from US$500 million in 1992 to US$9.5 billion this year. The Republic of Korea’s Consul General in HCM City, Kim Sang Yoon said at a ceremony to mark the RoK’s National Day on October 4 that the RoK remained the biggest [...]
U.K. targets to raise investments in Vietnam to $3B by 2013
The U.K. targets to raise its direct investments in Vietnam to $3 billion by 2013, the financial website cafef.vn reported, citing a strategic joint clearance recently signed in London. At the signing ceremony, the U.K. encouraged Vietnam companies to expand their investments in the fields of shoes, garment, wood furniture, agriculture and seafood in the [...]
Foreign investment remains strong in Vietnam
Foreign investment flow in Vietnam is surging, according to the latest report on Vietnam’s economy provided by Standard Chartered bank. Standard Chartered bank has just revealed its report on Vietnam’s economy over the first 8 months of 2010. The report includes the bank’s assessments on issues related to inflation and trade deficit. According to the [...]
$900 million committed to Mekong Delta
Foreign investors committed to pouring over $900 million into the Mekong Delta while they were attending a conference on Mekong Delta investment and development in Can Tho City on Monday. There were 10 memorandums of understanding and a letter of intent signed for 11 projects in a range of sectors such as infrastructure, energy, tourism, [...]
Skyscraper height records broken regularly
Skyscrapers appeared just a short time ago in Vietnam and many height records are rapidly being broken. Started in 2007, Keangnam Hanoi Landmark Tower was expected to be the tallest building in Vietnam at 336 metres with 70 stories. In order to be listed as the tallest skyscraper, Keangnam Hanoi Landmark Tower must “exceed” the [...]
Promoting auto industry
The Ministry of Industry and Trade forecasts that by 2020 the domestic touring car market will undergo explosive growth when the Vietnamese economy reaches a higher development standard and the lives of people improve. Statistics show that in 2009 compared with 2002, an additional one million automobiles were put into circulation, an increase of 4.25 [...]
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