Vietnam Business News

---

• Vietnam, Laos cooperate in satellite service
• Construction ministry mulls extension of tax incentives for low-cost housing
• Market still sees saving rates of 16-16.5% pa
• SBV won’t succeed in regulating interest rates based on banks’ agreements
• Bankers upbeat downgraded rating of six Vietnamese banks
• Hanoi taxi project reveals multitude of deficiencies
• Vietnam’s tea makes global recovery
• Ministry sets out to stabilise petrol prices through end of 2011’s first quarter
• IAEA says three countries ready to build nuclear power plant
• Vietnam to see thirty more Accor hotels by 2013

Vietnam, Laos cooperate in satellite service Posted: 18 Dec 2010 06:52 AM PST Vietnam and Laos inked an agreement to cooperate on satellite service on Dec.16 in the capital city of Laos , Vientiane. Attending the signing ceremony were Deputy Head of Vietnam Maritime Administration Do Duc Tien and Director of the Laos ‘ Civil Aviation Department Yakua Lorpangkao. The agreement aimed to bring Vietnam ’s Cospas-Sarsat satellite system’s channels [...]

Construction ministry mulls extension of tax incentives for low-cost housing Posted: 18 Dec 2010 06:51 AM PST Ministry of Construction has proposed the government to extend incentives of Value Added Tax (VAT), Corporate Income Tax (CIT) as for projects of developing housing for low-income workers and earners generally, the local newswire VnExpress reported on Dec 16. Previously, the government made a decision that owners of cheap housing projects for low-income earners in industrial [...]

Market still sees saving rates of 16-16.5% pa Posted: 18 Dec 2010 06:48 AM PST Today morning, a joint stock bank newly opened a representative office in Nghe An province with calling for depositors at an attractive rate of 16 to 16.5% per annum applied on deposits of more than one billion dong, the VnExpress reported Dec 16. Customers who want to deposit money at the new office will enjoy the [...]

SBV won’t succeed in regulating interest rates based on banks’ agreements Posted: 18 Dec 2010 06:47 AM PST Experts have pointed out that the State Bank of Vietnam still has not found the proper monetary solution, therefore, interest rates are still escalating. They have also warned that the central bank will not succeed if it regulates interest rates based on banks’ agreements. In the past, commercial banks sat together many times to discuss the [...]

Bankers upbeat downgraded rating of six Vietnamese banks Posted: 18 Dec 2010 06:47 AM PST Moody’s move in downgrading the rating of six Vietnamese banks does not mean that other members have better finances, the state newspaper Thoi Bao Kinh Te Viet Nam reported on Dec 16. One day earlier, the credit rating agency Moody’s Investors Service announced it downgraded the Vietnamese sovereign debt rating to B1 from Ba3. In addition, the [...]

Hanoi taxi project reveals multitude of deficiencies Posted: 18 Dec 2010 06:46 AM PST The municipal People’s Committee has approved spending VND780 million ($39,000) to draw up a taxi management project in the city for the period 2010-15 with a vision to 2030. The project will evaluate the current situation and forecast transport demand for taxis in the capital. The city’s Transport Department which was assigned to implement the project will [...]

Vietnam’s tea makes global recovery Posted: 18 Dec 2010 06:46 AM PST The price of export tea has recently increased after experiencing a two year down turn, according to the Vietnam Tea Association (VTA). “After two years, the price has increased. In the first 10 months of this year, the average tea price was more than $1,460 per tonne, an increase of more than 11 per cent over [...]

Ministry sets out to stabilise petrol prices through end of 2011’s first quarter Posted: 18 Dec 2010 06:45 AM PST The Ministry of Industry and Trade on December 16 held a meeting with local petrol traders to ensure petrol supply and price stability. The measures are being taken to ensure the supply and price remain stable through the first quarter of 2011. According to the ministry's Import-Export Department, local petrol traders have so far imported 70 per [...]

IAEA says three countries ready to build nuclear power plant Posted: 18 Dec 2010 06:42 AM PST The International Atomic Energy Agency (IAEA) considers that three countries namely Indonesia, Jordan and Vietnam, respectively, are ready to develop nuclear energy for power generation, Indonesia’s Antara news agency reported Thursday. Indonesian Ambassador to Austria I Gusti Agung Wesaka said that although Indonesia already meets all the preconditions to build a nuclear power plant, the nation [...]

Vietnam to see thirty more Accor hotels by 2013 Posted: 18 Dec 2010 06:40 AM PST Accor, the world’s leading hotel manager and market leader in Europe, have set an ambitious goal of operating thirty additional hotels in Vietnam by 2013 Accor already operates hotels in ninety countries and employs more than one hundred and forty five thousand people. Should Accor achieve their goal in Vietnam, they will have almost three times as [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610