Cruise ship Nautica visits Ha Long Bay

11 March 2010

The US cruise ship Nautica docked at Cai Lan port on March 9 bringing over 1,000 foreign tourists to Ha Long Bay. Tan Hong Tourism Company’s branch in Ha Long City welcomed and arranged for them to visit the cities of Ha Long, Hanoi and Hai Phong. On March 10, the Nautica left Ha Long to continue its journey to other countries in the region.

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Danieli Group invests in sheet steel project in Vietnam

11 March 2010

The Italian Danieli group has officially bought a 20 percent share in the Vietnam Steel Corporation (VNSteel) which is building the country’s first sheet steel plant with an annual capacity of 2 million tonnes. A contract on the purchase was signed between the two sides in Hanoi on Mar

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Imported car prices to increase despite sales drop

11 March 2010

Despite a slow-down in the domestic auto market, many car-import companies said they would have to increase vehicle prices since a tax break had ended recently while registration fees had been raised. In the January-February 2010 period, sales of imported cars in the country dropped sharply, up to 80 percent, from a year earlier, said car companies. Customers inspect cars at an auto shop in Vietnam

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India Seeks Partnerships With Rosneft, Gazprom for Russia Areas – BusinessWeek

11 March 2010

India Seeks Partnerships With Rosneft, Gazprom for Russia Areas BusinessWeek Russia is seeking investment and technology from companies such as Royal Dutch Shell Plc, BP Plc, Total SA and Exxon Mobil Corp. to develop hard-to-reach ...

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VNI reduces its stake in Global Lightning Technologies – Business Financial News Wire

11 March 2010

VNI reduces its stake in Global Lightning Technologies Business Financial News Wire Business Financial Newswire - Vietnam Infrastructure has sold around a third of its stake in Global Lightning Technologies . The sale follows GLT's November ...

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BUSINESS IN BRIEF 11/3 – VietNamNet Bridge

11 March 2010

VietNamNet Bridge BUSINESS IN BRIEF 11/3 VietNamNet Bridge by the editor-in-chief of Moebel Mark magazine, “New Technology in Finishing Wood Products” by Bayer Vietnam , and “Legal and Environment Requirements of EU ... and more

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Financial Market

Foreigners Net Sellers Of VND28 Billion Shares Thursday

Posted on 11 March 2010

VNStockNews.com – Foreign investors were net sellers of VND28 billion ($1.46 million) of Vietnamese stocks Thursday out of a total VND2.26 trillion traded, the Ho Chi Minh Stock Exchange said.Volume traded totaled 52.45 million shares, with foreigners accounting for 5.6% of that volume, the stock market operator said.In the month to date, foreign investors have been net buyers of VND58.6 billion

General

PM requests a revision of forestland renting projects

Posted on 11 March 2010

Leases of forestland, including some sensitive areas, to foreign companies have triggered universal concerns. Against this backdrop, the Prime Minister has just drawn up a conclusion on the matter

Neibouring countries

Bank of China Denies Report on Investment in Tullett Prebon – BusinessWeek

Posted on 11 March 2010

Bank of China Denies Report on Investment in Tullett Prebon BusinessWeek March 11 (Bloomberg) — Bank of China Ltd. said it has no plans to invest in Tullett Prebon Plc, the British inter-dealer broker led ..

Technology

India Seeks Partnerships With Rosneft, Gazprom for Russia Areas – BusinessWeek

Posted on 11 March 2010

India Seeks Partnerships With Rosneft, Gazprom for Russia Areas BusinessWeek Russia is seeking investment and technology from companies such as Royal Dutch Shell Plc, BP Plc, Total SA and Exxon Mobil Corp. to develop hard-to-reach …

Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making