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| US, European businesses oppose draft circular on pricing (13/03/2010) |
| US and European businesses in Vietnam have opposed a recent proposal by the Finance Ministry to impose price controls, saying the move could damage the country's market economy status. "We oppose a return to central planning and government control over normal market-based activity and do not understand why government officials need the authority to allow or disallow prices changes," said the American Chamber of Commerce. |
| Vietnam rubber exports to rise 3 pct in 2010 (13/03/2010) |
 Vietnam expects to increase rubber exports by 3.3 percent to 750,000 tons this year, betting on an economic recovery in its main markets, including top buyer China, an industry official said on Friday. Vietnam's export projection is small compared with the 2.8 million tons forecast this year by Thailand, the world's top exporter, where rubber prices are at their highest in over half a century. |
| Sugar imports cleared to prevent price spike (13/03/2010) |
 Vietnam will import 280,000 tons of sugar this year to prevent the price of the sweetener from surging further on the local market, said the Ministry of Industry and Trade. The amount will be imported in three shipments, the ministry said, without disclosing a specific timeframe. |
| Vietnam shoe makers want half of domestic market (13/03/2010) |
 Diep Thanh Kiet, deputy chairman of the Vietnam Leather and Footwear Association, said local footwear companies would take various measures to increase their market share in 2010, including building brand names and setting up new distribution channels.
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| Vietnam says proposal on prices adheres to WTO (13/03/2010) |
 According to the European Chamber of Commerce in Vietnam, the draft would impose price controls on a variety of products including petrol, gas, steel and cement. It would apply to foreign as well as local private enterprises, in contrast to a current regulation that affects only state-owned firms, the chamber said.
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| Vietnam's PG Bank to raise VND1 trln via bonds (13/03/2010) |
 The bonds will carry a prepaid coupon of 10 percent and proceeds will supplement the registered capital of PG Bank, based in the Mekong Delta province of Dong Thap, the statement on the State Securities Commission's website said.
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| Vietnam coffee exports set to fall 40 pct (13/03/2010) |
 Vu Duc Tien, General Director of Tay Nguyen Coffee Export Co., said his company used to be offered bank loans of up to VND500 billion ($26.7 million) every crop to purchase coffee from farmers. But this year banks only agreed to lend the company VND100 billion, forcing it to seek other capital sources. |
| Accor to double up in Vietnam by 2012 (13/03/2010) |
 In late 2010, the operator anticipates the opening of the first Pullman hotel in Vung Tau, a southern beach town outside Ho Chi Minh City, as well as a second MGallery hotel in the country’s capital Hanoi. In April, Accor will welcome guests to the 131-room Le Belhamy resort and spa in the central town of Hoi An.
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| Vietnam’s first-quarter rice exports may drop 25 pct (13/03/2010) |
 Vietnam is trying to boost exports as production declines in other key producers so that it can reach an economic growth target of 6.5 percent this year, from 5.3 percent last year. The country last year shipped a record 6 million tons of rice, making the grain the sixth-biggest foreign exchange earner. It plans to ship a similar amount this year, Phong said.
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Businesses in Vietnam are less likely to expand this year and next because of an "uncertain" economic environment, according to a study by the Vietnam Chamber of Commerce and Industry and the US development agency.