Vietnam Business News

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• Is monetary policy hurting stocks?
• Experts mull over ways to lift sagging residential sales
• Urban expansion plans in Can Tho propel land prices
• Shoemakers face shortage of capital
• Regional airlines discount tickets to attract customers
• Plastics industry may not be as durable as its product
• Auto parts importers evade tax
• Competitive energy market to go live
• Ha Noi plan may boost property market
• ISO not for polishing up trademark, says expert

Is monetary policy hurting stocks? Posted: 12 Aug 2011 08:41 PM PDT Newly-named State Bank of Viet Nam Governor Nguyen Van Binh denies the suggestion by many investors and securities analysts that the nation’s tight monetary policies have led to the prolonged downturn of the nation’s stock market. “The currency market is a short-term capital market, while the stock market is a medium- and long-term channel for [...]

Experts mull over ways to lift sagging residential sales Posted: 12 Aug 2011 08:40 PM PDT Residential owners are finding it hard to sell their properties despite discounted prices and promotions. Nguyen Tran Nam, Deputy Minister of Construction, said at a recent seminar in HCM City that the unprofessionalism of developers had contributed to the real-estate slowdown. Speaking at a seminar on solutions to the sluggish market, he said that while [...]

Urban expansion plans in Can Tho propel land prices Posted: 12 Aug 2011 08:40 PM PDT Land prices on the outskirts of Can Tho are soaring thanks to the city administration’s urban expansion plans. On July 21 the People’s Committee approved detailed plans for developing urban areas along Vo Van Kiet Street which has been upgraded to link the city centre with the Can Tho International Airport. The 692-ha area to [...]

Shoemakers face shortage of capital Posted: 12 Aug 2011 08:39 PM PDT The leather and footwear industry has been facing increased difficulties in sourcing capital towards development due to the current economic crisis. At the end of 2010, the Ministry of Industry and Trade approved a development strategy aimed at the leather and footwear industry with a total investment of VND60 trillion (US$2.9 billion). Diep Thanh Kiet, [...]

Regional airlines discount tickets to attract customers Posted: 12 Aug 2011 08:39 PM PDT After Jetstar Pacific and Vietnam Airlines, the privately-owned Air Mekong has entered the discount ticket race. On Tuesday, the airline announced a temporary promotion for groups of three passengers on the same flight from August 15 to October 10, when each ticket will be discounted from VND50,000 (US$2.43) to VND100,000 ($4.85). Starting yesterday, cheaper tickets [...]

Plastics industry may not be as durable as its product Posted: 12 Aug 2011 08:39 PM PDT Despite high export growth in recent years, the plastics industry faces a number of difficulties including the need to import 80-85 per cent of raw materials and additives for production. High interest rates on loans, technical barriers set by import countries, and a labour shortage are also slowing down export growth. Speaking at a conference [...]

Auto parts importers evade tax Posted: 12 Aug 2011 08:38 PM PDT The Ministry of Finance is seeking to retrieve unpaid import taxes on automobile parts imported between May 2010 and August 2011. The ministry alleges that some enterprises during that period evaded paying the 27-per-cent import tax on auto parts by declaring to customs that parts were components for assembling completed automobile units and therefore qualified [...]

Competitive energy market to go live Posted: 12 Aug 2011 08:38 PM PDT Deputy Prime Minister Hoang Trung Hai has called on the Ministry of Industry and Trade to put the Viet Nam Competitive Generation Market (VCGM) into official operation by the beginning of next year. The VCGM is expected to create an equal playing field by erasing Electricity of Viet Nam’s (EVN) market monopoly, lead to lower [...]

Ha Noi plan may boost property market Posted: 12 Aug 2011 08:37 PM PDT The city’s real estate market will be positively affected by the new general plan of capital development approved by the Prime Minister in July, according to experts. As part of the plan, Ha Noi is set to add five new satellite cities including Hoa Lac, Son Tay, Xuan Mai, Phu Xuyen – Phu Minh and [...]

ISO not for polishing up trademark, says expert Posted: 12 Aug 2011 08:32 PM PDT Nearly 40 percent of enterprises acknowledge the importance of ISO, while the rest simply take the certification in an attempt to attend contract auctions, says an expert from an Australia-based quality management service supplier. "Modern trading requires that enterprises have to achieve certain certifications of quality and environment management," Ha Tuan Anh, general director of [...]

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