Vietnam bond yield drops to lowest since 2007 on funding costs

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Báo Thanh Niên English 1 day(s) ago

Vietnam’s five-year bond yield fell to the lowest level since 2007 on speculation low funding costs are spurring demand for government securities. The dong dropped.

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Demand for government bonds to fall

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SaigonTimes English 16 hour(s) ago

HCMC – Demand for government bonds will be on the downtrend as credit growth is changing for the better, while the annual coupon of this debt paper is no longer as lucrative as before, Bao Viet Securities Company (BVSC) forecasts.

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Officials question housing inventory surge

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Báo Thanh Niên English 1 week(s) ago

Officials question housing inventory surge

New statistics show that real estate inventory rose sharply over the first quarter despite a lag in new projects, but officials suggest that last year’s stats may have ignored unfinished units while this year’s included all planned housing.

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Gold loses its appeal as VN bucks Asia trend

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VietNam News English 3 day(s) ago

Demand for gold jewellery in Viet Nam is falling sharply, despite significant increases recorded in other Asian countries, according to the latest report of the World Gold Council (WGC).

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Cement supply to fall 12 mil. tons by 2015

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SaigonTimes English 4 day(s) ago 1 related news

HCMC – Local cement supply will plunge to 82.6 million tons annually by 2015, tumbling nearly 12 million tons against the 94.2 million tons targeted in the development zoning plan of the cement industry approved in 2011, said Le Van Toi, head of the Building Material Department under the Ministry of Construction.

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Stocks advance for second day

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SaigonTimes English 4 day(s) ago

HCMC – Despite some profit taking at the 490-point level, stronger demand drove stocks up for a second straight session on Thursday with liquidity sharply improving.

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Sony posts small second-quarter profit, keeps full-year forecast

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Báo Tuổi Trẻ English 7 month(s) ago 2 related news

Sony posts small second-quarter profit, keeps full-year forecast

TOKYO – Japan's Sony Corp booked a small operating profit in the second quarter, after a loss a year ago, helped by the sale of a chemicals business that offset weak demand for its TVs and other devices, and it kept its full-year profit guidance.

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Moody's cuts Sony rating to one notch above junk

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Báo Tuổi Trẻ English 6 month(s) ago

Moody's cuts Sony rating to one notch above junk

TOKYO – Sony Corp's long-term debt rating was lowered one notch by Moody's Investor Service to the lowest investment grade level because of shrinking demand for its consumer electronics.

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Phu Quoc faces hotel room crisis

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SaigonTimes English 5 day(s) ago

HCMC – Due to huge tourist growth, Phu Quoc Island will need around 3,000 new hotel rooms in the next two to three years to meet the increasing demand, said a provincial official.

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HCM City to host Southern Cuisine, Fruit Festivals

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Báo QĐND English 5 day(s) ago

HCM City to host Southern Cuisine, Fruit Festivals

Photo for illustration. chinhphu.vn

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Gov’t proposes top economic solutions

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Hanoi Times English 6 day(s) ago

The Hanoitimes - The Government o­n May 14 put forth two groups of urgent solutions to resolve difficulties for the domestic economy though raising total demand and purchasing power and accelerating commodity consumption.

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Hanoi stimulates tourism demand in summer

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VietnamPlus English 1 week(s) ago

Hanoians’ demand for domestic and foreign tours usually climbs as summer approaches, but this year, the demand is expected to rise due to numerous tourism promotion programmes launched by travel agencies.

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Thai firm gets Vietnam government go-ahead to apply for mega refinery license

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Báo Thanh Niên English 1 week(s) ago

Thai firm gets Vietnam government go-ahead to apply for mega refinery license

The oil refinery of Thailand's top energy company PPT at home. Photo courtesy of the company

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Vietnam fears millions of tons of rice unsalable on the world’s low demand

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VietnamNet English 1 week(s) ago

Vietnam fears millions of tons of rice unsalable on the world’s low demand

VietNamNet Bridge – Vietnam’s rice exports have got stuck with the high inventory of 2 million tons of winter-spring rice by the end of the second quarter. Meanwhile, it is going to harvest 3.5 million tons of the summer-autumn rice.

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Tourism ministry seeks tax cut to spur demand

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SaigonTimes English 2 week(s) ago

Tourism ministry seeks tax cut to spur demand

HCMC – The Ministry of Culture, Sports and Tourism has proposed the Government to halve the value-added tax (VAT) for tourism enterprises in 2013 to spur demand.

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