Business

Dak Nong Province will organise a forum in HCMC next week to call for investment into 30 projects with total capital of VND9 trillion.

Vietnam's state-run oil company said it has signed an oil and natural-gas cooperation agreement with Sudan's national oil producer.

As a result of the strengthening of the US Dollar against Vietnam Dong, the prices of various goods have risen.

Vietnam has won a contract to export 400,000 tons of rice to the Philippines, authorities said Wednesday.

Italian company Saipem has been awarded two offshore contracts in Vietnam and Papua New Guinea for a total value of approximately US$ 450 million.

Vietnam fruit and vegetable industry earned $388 million from exports in the first 11 months 2009.

Russian energy giant Gazprom plans to spend some $505 million on oil and gas offshore development in India and Vietnam in 2010.

Kubota Corporation, the largest manufacturer of farming and fisheries machinery, generators and related components in Japan, opened a plant in Binh Duong.

Vietnam Steel Association warned that due to the overproduction of CRC in Vietnam, domestic CRC mills may close down.

After the State Bank of Vietnam increased the basic interest rate to 8 percent, many commercial banks are now offering a new interest rate of 10-10.5 percent/year.

Domestic gold prices on December 7 continued to drop below VND28 million per tael, corresponding to the downward trend in the world.

The increase in basic interest rates and the adjustment of the US dollar-VND exchange rate have sent the prices of imported products and essential goods in HCM City soaring at a dizzying pace.

Manila Water Company has signed an agreement with REE and Mitsubishi to study and evaluate private participation in environmental services projects in Vietnam.

New survey shows that Vietnam is one of the friendliest countries in the world for expatriates to live and work in.

Serica Energy is selling some of its assets in Indonesia and all of them in Vietnam to Singapore-based KrisEnergy for $98.6m (£60.1m) in cash.

Chunghwa Telecom is actively endeavoring to extend its reach into the fledgling Southeast Asian market, reported the Chinese-language Economic Daily News.

Vietnam's freight transportation went up 4.1 percent year-on-year in the first 11 months of this year to 583.4 million tons.

ANZ has opened its tenth branch in Vietnam and completed its acquisition of the Royal Bank of Scotland's Vietnam businesses.

Yet I met no shortage of investors willing to gamble on Vietnam and that is a good thing.