Vietnam Business News

HANOI, Dec 3 (AsiaPulse) – Vietnam’s supply of seafood materials for processing has declined significantly as a result of continued flooding in the delta in the last few months in the Cuu Long (Mekong) Delta. In Kien Giang Province, for example, the volume of rainfall and floods has changed the environment around shrimp-farming ponds, and [...]

VietNamNet Bridge – Vietnam and the EU have entered the final negotiationstage, so that the granting of FLEGT certificate in accordance with the EU’srules to Vietnamese exporters may be started prior to March 3, 2013, the timewhen FLEGT takes valid. No need to have sub-licenses Vietnam and the EU late last week successfully finished [...]

VietNamNet Bridge – The foreign direct investment (FDI) into the real estate sector has been decreasing recently. Meanwhile, it is now the time when real estate developers need foreign capital most, because domestic banks have tightened the lending to fund real estate projects. Foreign investors no longer passionate The real estate sector has always [...]

Unpredictably, 2011 has turned out to be a tough year for businesses in Vietnam and other parts of the globe rather than a promising year as expected at the beginning of this year. In this difficult situation, the European Chamber of Commerce in Vietnam (EuroCham) has insisted all unnecessary restrictions to investment and trade [...]

NASHVILLE, Tenn.- After one of the mid-state’s worst chain reaction crashes ever, local body shop owners are seeing a bittersweet business boom. The mangled mess of cars and trucks on Vietnam Veteran’s Boulevard near Hendersonville Thursday took hours to clean up. One person was killed, dozens were injured and more than 50 cars were [...]

December 02, 2011, 8:07 AM EST By Bloomberg News Dec. 2 (Bloomberg) — A new Vietnamese law on foreign workers may hurt investment and fail to meet trade agreements signed by the Southeast Asian nation, including its pact with the World Trade Organization, overseas business groups said. The legislation, known as Decree 46, outlines stricter [...]

For those interested in speculative oil and gas plays, Neon Energy is ticking the right boxes. Then again, if its share price heads further north, it will definitely raise the curiosity of every punter. The company is exploring on-shore in California and off-shore in Vietnam. On Thursday it announced some intersections from its Paloma Deep [...]

The price of gold in Vietnam fell by VND300,000 a tael (1.2 ounces) over the previous day on December 2 as global price declined due to investors’ cautiousness. Sacombank Jewelry Company bought gold at VND45.05 million and sold at VND45.2 million as of 9:10am Vietnamese time. Saigon Jewelry Company, the biggest gold processing [...]

By Jonathan Pincus at the Vietnam Program, Harvard Kennedy School. Vietnamese newspapers are full of talk of economic restructuring. Price inflation in excess of 20 per cent, high nominal interest rates, a weakening currency and a swollen trade deficit have undermined faith in the government’s growth strategy, which consisted of a mix of trade liberalisation in agricultural [...]

VietNamNet Bridge – Nearly all the high quality products which have highsales have been counterfeited. Businesses have lost billions of dong because ofthe counterfeit goods, while state management agencies still fumble in the fightagainst counterfeiters. When counterfeit goods look more beautiful than real goods Nguyen Huu Vinh, Deputy Personnel and Administration Division of LG [...]