HANOI – FPT Information System, or FIS, on Tuesday began deploying the enterprise resource planning (ERP) solution for the Vietnam Petroleum Import and Export Corporation (Petrolimex) with an investment of US$12 million. FIS will be the primary contractor for the implementation of applications of material management, sales and distribution, finance and accounting and oil and gas control. The deployment... 

Malaysian department store chain Parkson Holdings Berhad will open its sixth outlet in Vietnam this Friday in Ho Chi Minh City, a move aimed at expanding its network in the growing Southeast Asian market. The group’s fourth HCMC-based outlet, the Parkson Flemington Trade Center, is invested by the Thuy Duong Commercial and Real Estate Co. and under the management of the Parkson Vietnam Commercial... 

HCMC – Dat Xanh Real Estate Service & Constructions Corp. and Vien Dong Pharmaceutical Co. began to trade shares on the Hochiminh Stock Exchange on Tuesday, bringing the total number of listed firms on the bourse to 199. On the first trading day, Dat Xanh Corp.’s stock (DXG) hit the ceiling price of VND48,000 with over 10,000 shares changing hands. Meanwhile, Vien Dong stock under the code... 

HANOI – Vietnam’s credit growth next year is projected to slow to 25 percent after a rise of 37.7 percent in 2009, with money supply growth also heading lower, the central bank said on Wednesday. The State Bank of Vietnam targets next year’s M2 money supply growth at around 25 percent from 2009, down from 28.7 percent this year, it said in an annual report. The central bank said...