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HVN slow to drive price change

HVN’s proposed average price is around VND50 million ($2,564) for a newly launched PCX motorbike in Vietnamese market and VDN31 million ($1,589) for Honda Lead motorbike. However, the market price is VND65-70 million ($3,333-$3,589) for a PCX motorbike and VND38.5 million ($1,974) for a Honda Lead. Honda’s motorbikes currently occupy 50 per cent of Vietnam’s motorbike market.

Cautious of substandard food

It is predicted that consumption demands during the Traditional Lunar New Year Festival (Tet) will increase 25-30 times above normal, thus providing a good chance for traders to launch fake or substandard goods to the market. This has raised public concerns as Tet holiday is nearing. According to reporters, products of unclear origin and use-by-date are being sold in big volumes in Hanoi’s major markets, such as Kim Lien, Thanh Cong and Nghia Tan.

Rough road ahead for labour exporters

Many industry specialists forecasted that 2011 would be a year of hardships for Vietnam’s labour export. Taiwan currently tops the list of nations accepting Vietnamese labourers. However, bringing Vietnamese workers to this market represents a challenge due to tough broker fees. Each export worker must pay broker fees of up to $6,000-$7,000. But, their future incomes will be around VND6-7 million ($307-$358) per month.

Vietnam stock market to rise for 7 reasons: analysts

Analysts from the Au Viet Securities Company(AVS) said that Vietnam’s stock market has ended the medium term downtrend since 2010 and the indices will rally in 2011 for the 7 reasons and also suggest the investors five potential sectors to invest in 2011 including bank, real estate, seafood, mineral and shipping.

Muscling-up liquidity key task for HoSE

Market capitalisation was in 2010 bigger than 2009. However, its liquidity fell with stock prices decreased sharply, while risk hedge management tools were not applied, resulting in a fact that numerous investors, including institutional ones, suffered huge losses. In 2010, share price manipulation was also concerning. Clearly, the more the market develops the more complicated manipulation cases are.

Outlook bleak for city real estate market

Property investors expect 2011 to be equally bad, with funds being hard to raise due to the high interest rates and property lending policies tightened.

Southern market settles down

With more office space coming online, improved services and a greater awareness of true Grade A quality, 2011 promises to be a competitive and defining year for the market as a whole, writes Christopher Currie, associate director, Office Services, CB Richard Ellis.

Wood exports likely to exceed US$4 billion

According to theVietnam Timber and Forest Product Association, the growth rate of the exports of Vietnamese wood products to the US market is estimated at 15 percent this year and the figure for the EU market is roughly 8 percent.

Dec 31: VN Index ends the year with uptick, trimming losses for year

Stock trading pattern was repeated as the market opened in the red with 1.75 million shares and VND36.19 billion changed hands, as cautious was still felt. However, the strength of blue chips and market leading stocks inspired buyers to jump in in the last trading session of the year. Market breath was positive, gainers outweighed losers by a ratio of 144 to 65 and 71 stocks unchanged. As many as 19 stocks closed up 5% upper limit while 10 others lost 5% limit.

M&A tendency in realty sector picking up

The market’s purchasing power decreasing along difficulties in raising capital have been testing the endurance of investors and developers of projects, and many of them feel exhausted and find ways to transfer their projects.

Credit market turbulences seen this year: State Media

The credit growth of 27.65% this year is lowest of the last three years and much lower than the 37.73% credit growth in 2009, the state media reported, yet adding that this growth is reasonable under current economic conditions and the central bank’s policies.

Vietnam economy affected by Vinashin’s misfortune

In 2008, Vinashin’s international bonds were traded in the market with annual dividend of 24-27 percent, which showed the very high risk. Now because of Vinashin case, Vietnam’s cost for mobilizing international capital (both government and businesses) will rise.

State Bank takes steps to halt inflation

The commercial banks had been competing to raise their interest rate for long-term dong deposits to attract as much idle money from the public as possible. This was because few depositors were interested in periods longer than three months. And the central bank would take steps to stabilise the monetary market next year by limiting inflation to less than 3.5 per cent in the first six months. Their aim was to retain the yearly rate of 7 per cent.

Top ten highlights of banking and financial sector in 2010

Pumping US dollar to the market and granting quota for gold import were measures of State Bank of Vietnam (SBV) to stabilise the monetary market in 2010.

Farm exports hit record high

Three export items had surpassed the $3 billion threshold this year: seafood, timber products and rice. The product which had seen the most significant increase in market value was rubber latex. This year, Viet Nam exported a total of 773,000 tonnes for a turnover of $2.32 billion.


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