Tag Archive for ‘Dong’

Vietnam businesses report huge profit for H1 2017

Businesses in the finance and banking sector continued to prosper in the first six months of the year. Listed companies have released their financial reports for the first half of the year. About 50 percent of businesses have reported growth in net profit, 40 percent have reported decreases in profit, and less than 10 percent […]

Land in Hanoi’s old quarters as expensive as gold

The land price in old quarters is quoted at nearly VND1 billion per square meter, but few plots are available for sale. A report by the Gachvang real estate trading floor shows that the price of land and houses in old quarters in Hanoi has increased by 20-40 percent compared with earlier this year. Dao […]

British firms want to join Tan Son Nhat airport expansion project

UK Ambassador to Vietnam Giles Lever had a working session with Vietnam’s Ministry of Transport on August 29, conveying British businesses’ intention to participate in the expansion of Tan Son Nhat International Airport in Ho Chi Minh City. He said the UK aviation industry wants the Vietnamese ministry to provide information about the Tan Son […]

Firm willing to pull golf course to facilitate Tan Son Nhat expansion

The developer of a golf course adjacent to Tan Son Nhat International Airport in Ho Chi Minh City is willing to scrap its investment in exchange for compensation for the expansion of the overloaded aerodrome. Long Bien JSC (Lobico) is ready to transfer back the land the golf course is currently situated on at the […]

Vietnam’s fashion market large enough for both domestic, foreign brands

Some Vietnamese fashion brands are keeping calm amid the ‘foreign fashion wave’, saying they have advantages in the local market and with demand on the increase, the market is still large enough. Many foreign brands, from high-street to luxury, including Chanel, Giovanni, Salvatore Ferragamo, Mango, Zara and H&M, all have landed in Vietnam. Uniqlo from […]

Hanoi plans to build four more bridges over major rivers

The Hanoi government is planning to build four more bridges over the Red and Duong Rivers, with an estimated total cost of VND38 trillion (US$1.67 billion), in a move to reduce traffic congestion during rush hours. The largest of the four projects is the construction of the 3-kilometre long Tu Lien Bridge and a 9-kilometre […]

VND expected to see end-of-2017 dip

The Vietnam dong is expected to depreciate by two percentage points at the end of 2017, ending a period of stability that lasted throughout the year. Since the start of this year, the USD/VND exchange rate remained relatively stable, hovering around VND22,700 to the dollar. However, this period of calm is likely to end soon, […]

Vietnam’s Five-Year Yield Falls to Two-Month Low on Bank Buying

Vietnam’s benchmark five-year bonds rose, sending the yield to a two-month low, on speculation banks bought the notes amid a slowdown in credit growth. The dong was steady. The value of outstanding loans in Vietnam may grow 5 percent this year, Central Bank Governor Nguyen Van Binh said in a televised address to the National Assembly in Hanoi yesterday, lagging behind a 14.4 percent increase in 2011, according to government data. Banks have bought 183 trillion dong ($8.87 billion) of government bonds this year, “a lot more” than in previous years, Binh said. The yield on the benchmark notes fell eight basis…

US$69.9 million to upgrade urban areas in Can Tho by WB

The World Bank has funded US$69.9 million to help upgrade urban areas in Can Tho, a major city of Viet Nam, with interest of 2.5 per cent per year, according to the city’s Urban Upgrading Management Committee. Viet Nam’s government contributed $20.4 million. The project includes upgrading roads, water supply and drainage, electricity and light systems in low-income areas of Ninh Kieu, Binh Thuy, Cai Rang and O Mon districts. The funds will also go towards building a 5.5 ha resettlement area in Binh Thuy District with infrastructure including a school, healthcare centre and market. The project is scheduled to finish…

Vietnam Govt Budget Income At 3/4 Of Yr Estimate

The Ministry of Finance reported that in the first ten months of this year, the total state budget revenue was 76.2 percent of the year’s estimate while the total state budget spending was 78.8 percent of the year’s estimate. Investment capital disbursement from the state budget was estimated at about 76.2 percent of the year’s […]