Vietnam Business News

Cambodian military officials line up in front the top leaders of Khmer Rouge portraits, from right, former Khmer Rouge Foreign Minister Ieng Sary, former Khmer Rouge head of state Khieu Samphan, and former Deputy Secretary Nuon Chea, during the second day of trial of the U.N.-backed war crimes tribunal in Phnom Penh, Cambodia, Tuesday, Dec. [...]

HANOI | Tue Dec 6, 2011 2:32am GMT Dec 6 (Reuters) – These are some of the leading stories in the official Vietnamese press on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy. FINANCIAL NEWS: THANH NIEN – Vietnam is forecast to receive $9 billion in overseas remittances this [...]

For illustration purposes only Photo: Tuoi Tre Local authorities have recently detected a number of international trade frauds in which products originating in China were falsely labeled as made-in-Vietnam and exported to other countries to evade the taxes and other technical barriers slapped on Chinese exports. This new type of fraud will not only cause [...]

December 06, 2011, 4:35 AM EST By Gan Yen Kuan (Updates with closing share prices in 11th paragraph.) Dec. 6 (Bloomberg) — Parkson Holdings Bhd., a Kuala Lumpur-based department-store operator that makes most of its revenue in China, plans to enter new markets in Southeast Asia to tap the region’s growing affluence. The retailer that [...]

December 06, 2011, 1:39 AM EST By Bloomberg News Dec. 6 (Bloomberg) — Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City. The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, [...]

December 06, 2011, 8:05 PM EST By Bloomberg News (Updates with aid figure in ninth paragraph) Dec. 6 (Bloomberg) — Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in Asia. “The authorities need to [...]

Spain helps improve Vietnam’s tourism capacity The Spanish government will provide 400,000 euros in non-refundable aid for a project to help Vietnam raise the capacity of its tourism sector from now until 2020, with a vision for 2030. Spanish Ambassador to Vietnam Fernando Curcio Ruigomez and Vietnamese Deputy Minister of Culture, Sports, and Tourism, [...]

December 05, 2011, 12:24 PM EST By Stephen Bierman Dec. 5 (Bloomberg) — TNK-BP, Russia’s third-largest oil producer, is considering bidding in a Vietnam licensing round and expects to hear from ConocoPhillips about a bid for assets there as it seeks to expand in the Southeast Asian country. “We have not made a decision yet,” [...]

The State Bank is to offer foreign bankers a much needed carrot next year when it recalibrates lending limits to torpedo a one-size-fits-all policy. Le Minh Hung, vice governor of State Bank of Vietnam (SBV), last week told the high-profile Vietnam Business Forum that the central bank would apply different credit growth caps in [...]

Vietnam’s benchmark VN-Index unexpectedly jumped the most in three months on December 5 as local investors rushed to buy on speculation that stocks were of low values. The shares of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange leaped forward 1.9 percent, or 7.31 points, to close [...]