HCMC – The Saigon Thuong Tin Commodity Exchange (Sacom-STE), set up mainly for dealing steel products, reaped early success in its first trading session on Monday with nearly 6,000 tons of steel changing hands. Pomina Steel Company sold as much as 5,300 tons of construction steel products and 480 tons of industrial steel products on the floor on the first day of transaction, said Phan Vu Hung,... 

European Union ministers made final decision by voting on Dec. 22 to extend anti-dumping duties on shoes from Vietnam and China for 15 months. The duty extensions, expected to come into force on Jan. 1, 2010 will apply to middle and high-end leather shoes–the major export staples of Vietnam ’s leather and footwear industry that are currently offered at a more competitive price than those from... 

Real estate markets in the Asia Pacific region are holding up “surprisingly well” in the aftermath of the global recession compared to markets in the United States and Europe, and the development prospects in HCMC remain attractive, according to a report published by the Urban Land Institute and PricewaterhouseCoopers LLP. The just-released report ranks HCMC third on the shortlist of 20 cities...