Unfavourable time forces firms to postpone International bond issuance

Dinh La Thang, PVN’s President said the group has officially stopped the issuance of international bonds in US market in the fourth quarter of 2010. Thang said the reason was the unfavourable time, adding that in deed, some corporations of Vietnam also failed to do so, referring to the names such as Vietnam Coal-Mineral Industries Group (TKV) and Electricity of Vietnam (EVN). Both those corporations and PVN planned to mobilise capital on international bond market in 2010, with offering value ranging from $500 million to $1 billion.

Listed firms fear hostile takeovers

The Ha Noi market has a number of companies with capitalisation of under VND300 billion (US$15.4 million) each, leaving them vulnerable to institutional or large individual investors, and efforts by some companies to acquire controlling stakes in others by buying up listed shares are not a new phenomenon.

Vietnam to continue exploiting farm produce exports in 2011

The forecasts are from the Ministry of Agriculture and Rural Development (MARD) latest report on the farm produce market and Vietnam’s key export items in 2011. Quoting the forecasts of the US Department of Agriculture (USDA),global rice consumption in 2010-2011 will increase by 420,000 tons, reaching 453 million tons. Meanwhile, the global rice trade in 2011 is expected to reach 30.3 million tons, an increase of percent over the last year.

Vietnam’s catfish industry looks to higher quality

The ministry held a meeting in Can Tho City on January 18 to review tra fish production and consumption in 2010 and make plans for 2011. Nguyen Huu Dung, chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), was of the view that farmers should not raise more tra fish than needed which causes redundancy and devaluation in the market.

Business confidence stays high

Alan Keir, HSBC’s Global Head of Commercial Banking, said: “Increased private consumption, global re-stocking and liquidity from the West have helped boost the emerging market economies. The emerging markets play a vital role in driving the global economy and SMEs in these markets are again demonstrating their strength and positivity on the global stage.”

Chile rolls out red carpet for Vietnamese firms

The Chilean business community has considered Vietnam a potential market as Vietnam officially joined in the World Trade Organisation (WTO), the mission said, adding that Chile has recognised the Southeast Asian country’s market economy since 2009. According to the Import-Export Department under the Ministry of Industry and Trade, bilateral economic and trade ties are growing fruitfully. Vietnam is now the 42 nd largest trade partner and the 50 th biggest importer of Chile.

Foreign banks on scale in Vietnam

Services acquiring technology and management process, namely factoring, guarantee, money flow management, derivatives, also were launched in the market. Vietnam’s leading domestic banks used smoothly discount instruments, rediscount, and transfer of valuable papers to diversify their business. Since then, turnover structure of banks has changed gradually. Credit service, which previously had made up 90% of local banks’ revenue, now is reduced to 30-50% of annual income.

Vietnam communists support Dung re-election amid inflation risks

The Communist Party’s Central Committee re-appointed Dung to the 14-member governing Politburo, Politburo member Truong Tan Sang said today. National Assembly chair Nguyen Phu Trong was chosen as the party’s new leader. The selection paves the way for Dung to win another five-year term as premier when the National Assembly meets in May. Dung’s return “would be good for the market overall,” Ngo The Trieu, who oversees $1.1 billion as head of public investment at Prudential Vietnam Fund Management Co., said by phone. “The risks are now well recognised by the government.”

Vietnam coffee exporters told to stop underselling

Vietnam now holds a 15 percent share of the global coffee output and it can affect prices on the market. However, many exporters are still trying to compete against each other, giving the advantage to buyers.

Opportunities open for business in US

Seventeen Vietnamese businesses in the tourism, processed foods, fine arts and handicrafts and household items production industries attended the conference and the Asia – US trade fair. Demos Vardiabasis, chairman of a California-based entertainment and tourism consultancy, called the event a good opportunity for Vietnamese businesses to introduce their products to the US market.

Vinacomin to cut coal production

Last November, Vinacomin sought the Government’s approval to increase coal prices for these four leading coal consumers to levels 10 per cent lower than export prices. The Prime Minister and the Ministry of Finance issued an instruction that prices of coal sold to these sectors should increase gradually until consistent with market prices.

Vietnam can build international airport within 36 months: IATA

In an interview given to Dau Tu newspaper, Giovanni Bisignani, Chief Executive Officer of IATA, said that during his business trip to Vietnam he saw high potentials of Vietnam’s aviation market. He said that despite bid difficulties, airlines in Asia Pacific, including Vietnam, can still earn high profits, estimated at $4.6 billion in 2011. It is partially because the expected economic growth rate of the region is at 6.9 percent, which is higher than the world’s average growth rate. In 2010, Vietnam Airlines saw its number of passengers increase by 30 percent from the previous year, and it had more new aircraft every month. This shows that Vietnam’s aviation market has great potential.

2011 to be a good year for securities investors

Representative from the State Securities Commission said that in 2011, of the urgent tasks for the commission would be to compile the legal documents that guide the implementation of the amended Securities Law which will take effect in 2011. Especially, many Vietnamese securities investors now dream of investing in Lao securities, since Lao stock market officially opened several days ago.

Where to invest in 2011?

The two market segments which are believed to be most bustling in 2011 are residential estates, especially mini apartment blocs, and high grade resorts. apartments will be sold to those with real demand for accommodation, while high grade resorts will be reserved for high income earners, who are always ready to spend money.Real estate investment always requires big capital. But the current policies do not create good conditions for individual investors who are short of capital.

Rice exporters face foreign competition

According to Truong Thanh Phong, Chair of the Vietnam Food Association, until now, foreign food enterprises had to set up joint ventures with Vietnamese enterprises, if they wanted to trade rice. However from this year, all enterprises, Vietnamese and foreign, will “play in a level field”, as Vietnam has to open the food market to foreign enterprises under the international commitments.

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