Vietnam Business News

---

• Vietnam takes measures to tighten stock market control : Decree Amendment
• State enterprises to report gold, Dollar deposits at banks from July 1: Draft Circular
• Auto industry likely to shy away from local bid
• Machinery dispute to crank up a gear
• Car imports set for a U-turn
• Electricity body vows no power cuts in June
• Improving restaurant service
• Enterprises should diversify capital mobilisation channels
• Nippon Sheet Glass to add new capacity in Vietnam
• Vietnam’s state sector should not dictate the Trans-Pacific partnership

Vietnam takes measures to tighten stock market control : Decree Amendment Posted: 24 May 2011 11:43 PM PDT Securities companies will be fined from VND70 million to VND100 million for illegally providing margin to their clients or failing to set financial safety ratio or not reacting to alert situation at the State Securities Commission request. Securities companies may be fined from VND70 million to VND100 million for illegally providing margin to their clients [...]

State enterprises to report gold, Dollar deposits at banks from July 1: Draft Circular Posted: 24 May 2011 11:42 PM PDT State-owned corporations and companies will have to report their outstanding gold, dollar deposits at commercial banks from July 1 this year, said the Ministry of Finance (MoF) in a Circular Draft on asset and capital revaluation. State-owned corporations and companies must report cash and cash-equivalent items; gold, silver and precious metals; outstanding dong and foreign [...]

Auto industry likely to shy away from local bid Posted: 24 May 2011 09:35 PM PDT Experts warned it was impractical for a developing country like Vietnam to dream of locally produced automobiles while deliberating an industry master plan for 2020 and a vision for 2030. At a recent workshop on this issue, many executives from the auto industry frankly ruled out the option for a local brand name, recommending intensive [...]

Machinery dispute to crank up a gear Posted: 24 May 2011 09:34 PM PDT A long-running dispute between Kidwell Vietnam International Power and US-based General Electric Energy Rental Group could end up in Vietnam's court. Kidwell Vietnam alleges General Electric Energy Rental Group (GEER) sold it below spec and damaged power generators and equipment which had stalled its power generation plant for years. The company has petitioned southern Ba [...]

Car imports set for a U-turn Posted: 24 May 2011 09:34 PM PDT Car imports could be restricted to add balm to a hurting economy. In light of the Ministry of Industry and Trade's (MoIT) Circular 20/TT-BCT, from June 26, 2011 when making less than nine-seat car import procedures businesses will be required to show papers stating that they are authorised importers or distributors of genuine car makers [...]

Electricity body vows no power cuts in June Posted: 24 May 2011 09:33 PM PDT There will be no power cuts during the peak dry season next month, according to the Industry and Trade Ministry’s Electricity Regulatory Authority of Vietnam (ERAV). According to ERAV statistics, in the first five months of this year, the total power produced and imported into Vietnam was more than 43 billion kWh, 10 per cent [...]

Improving restaurant service Posted: 24 May 2011 09:31 PM PDT Most foreigners are not familiar with Vietnamese Cuisine or even how to order properly. Running a restaurant is like theatre. The owner and staff are the actors. Here are some suggestions: -Get out from behind the Counter: The best restaurants are where the owner makes a personal connection with customers. Smile. Make everyone instantly welcome [...]

Enterprises should diversify capital mobilisation channels Posted: 24 May 2011 09:31 PM PDT The economy is facing high inflation: after the first four months of this year, the CPI increased 9.64 percent from the end of 2010 while Vietnamese enterprises are being put into a dilemma between capital issue and production development. What can be the solution for enterprises to deal with the capital issue? To find the [...]

Nippon Sheet Glass to add new capacity in Vietnam Posted: 24 May 2011 09:31 PM PDT Nippon Sheet Glass Co. (5202) said Monday it will install two new production lines in Vietnam as early as 2013, one for glass for solar cells and the other for ultrathin glass, which is increasingly being used in touch panels. The investments will total 320 million dollars, or about 26 billion yen. The added output [...]

Vietnam’s state sector should not dictate the Trans-Pacific partnership Posted: 24 May 2011 09:30 PM PDT It seems like Vietnam has been the next big thing for quite a while. Vietnam did very well in the 1990s and through the turn of the century. For the past two years, however, despite all the advantages it possesses, the Vietnamese government has managed only to destabilise a promising economy. And now, on top [...]

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