Vietnam Business News

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• Vietnam to focus on raising quality of FDI projects
• Wealthiest investor on Vietnam’s 2010 stock market worth $780 million
• Major economic policies that will shape 2011
• Vinh Phuc triumphs amid storm
• HSBC in pole position to capitalise on growth
• Twin targets race to top of agenda
• Ten highlights of culture, sports and tourism in 2010
• Plugging tax losses remains key
• Net FDI set to remain upbeat in new year.
• Credit quality is now a priority

Vietnam to focus on raising quality of FDI projects Posted: 02 Jan 2011 08:17 PM PST Vietnam will focus on raising the quality of foreign direct investments (FDI) rather than the quantity of these projects in 2011, said Deputy Minister of Planning and Investment Dang Huy Dong at a recent press briefing on the FDI situation in 2010 and forecast for 2011. Vietnam sets a target of attracting $20 billion in FDI [...]

Wealthiest investor on Vietnam’s 2010 stock market worth $780 million Posted: 02 Jan 2011 08:17 PM PST Pham Nhat Vuong has become the richest investor on the Vietnamese stock market during 2010, with a total publicly traded share value of VND15.21 trillion ($780 million). Pham Nhat Vuong Top 10 richest people on the Vietnamese stock market 2010 (at the closing price on 29/12) After many years standing at the second position, Vuong has topped the [...]

Major economic policies that will shape 2011 Posted: 02 Jan 2011 08:16 PM PST Several important economic policies will be implemented beginning January 1, 2011. 1. Businesses are allowed to print red invoices on their own Businesses can print red invoices on their own instead of spending much time gettng them from tax agencies. Businesses can print red invoices on their own instead of spending much time to get them from tax [...]

Vinh Phuc triumphs amid storm Posted: 02 Jan 2011 08:16 PM PST Despite a big number of difficulties and challenges, northern Vinh Phuc province escaped from the economic recession to obtain glowing socio-economic results in 2010.According to the Vinh Phuc People's Committee report, in 2010 the province's economy expanded 19.11 per cent and per capita income grew 15.1 per cent on-year to hit $1,630. "With the above figures, [...]

HSBC in pole position to capitalise on growth Posted: 02 Jan 2011 08:15 PM PST HSBC Bank Vietnam Limited expects to see Vietnam become one of the best places to do business in the region, as its CEO Thomas Tobin explains to VIR's Minh Thien. After HSBC Vietnam's two years successful cooperation with strategic partners Techcombank and Bao Viet Holdings Group, do you have any plans to extend investments in Vietnam [...]

Twin targets race to top of agenda Posted: 02 Jan 2011 08:15 PM PST A calm macroeconomy and cooling inflation will be Vietnam's top priorities in its 2011 socio-economic development plan. Ministry of Planning and Investment (MPI) Minister Vo Hong Phuc said that Vietnam's economy in 2011 would continue to face big external challenges. "The world's public debt crisis will continue undermining the economic growth of many countries. This will badly [...]

Ten highlights of culture, sports and tourism in 2010 Posted: 02 Jan 2011 08:14 PM PST The Ministry of Culture, Sports and Tourism on December 30 announced the ten outstanding events of culture, sports and tourism in 2010 that were selected by the ministry and over 120 local journalists. 1. Cultural and artistic activities marked major celebrations, including the 80th founding anniversary of the Communist Party of Vietnam, the national commemoration of [...]

Plugging tax losses remains key Posted: 02 Jan 2011 08:13 PM PST Plugging tax losses is imperative to decrease state budget losses in 2011. General Department of Taxation (GDT) deputy general director Bui Van Nam said the GDT in 2011 would step up estimating the state budget, including methods to prevent smuggling, illegal businesses and tax evasion. According to a GDT report last week, through October 2010, there had [...]

Net FDI set to remain upbeat in new year. Posted: 02 Jan 2011 08:12 PM PST Foreign direct investment capital will continue strongly flowing into Vietnam in 2011 despite current macroeconomic challenges. The Ministry of Planning and Investment (MPI) last week forecasted that Vietnam would attract at least $11 billion in net foreign direct investment (FDI) capital and $20 billion in committed capital in 2011. The MPI also reported that foreign investors had [...]

Credit quality is now a priority Posted: 02 Jan 2011 08:12 PM PST Lending quality will be a centre of attention in 2011 amid the backdrop of 2010's missed credit growth target. The central bank last week released its 2011 monetary policy targets with a 23 per cent credit growth rate for this year and year-on-year total monetary supply increase of 21-24 per cent. The target is down from 2010's [...]

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