Vietnam Business News

---

• Auto makers in rush to launch promotions
• VN needs to drive FDI in necessary fields
• VN aims for stable timber supply
• Exchange marks Vietnam-Laos Friendship Year
• Inspection rings up queries over Viettel
• Over 79,000 companies dissolved in 2011
• Banks struggle to look for borrowers
• Foreign bankers only want to team up with powerful domestic partners
• Japanese bank funds hydropower plant project in Dak Lak
• Attracting foreign investment to Vietnam

Auto makers in rush to launch promotions Posted: 15 Mar 2012 10:02 PM PDT To survive the tough times given the stagnant market at home, several auto producers have entered the race to woo buyers by launching many promotional programs. VinaMazda, the official maker and distributor of Mazda cars in the local market, this Monday said buyers of Mazda 2 and 3 within this month would be given discounts [...]

VN needs to drive FDI in necessary fields Posted: 15 Mar 2012 09:58 PM PDT Vietnam needs to have policies to drive foreign direct investment (FDI) in necessary fields and overcome negative outcomes, including backward technology, environmental pollution and transfer pricing, said Minister of Planning and Investment Bui Quang Vinh. Minister Vinh made this statement at a seminar in Hanoi on Mar. 15, on measures to improve the quality of [...]

VN aims for stable timber supply Posted: 15 Mar 2012 09:57 PM PDT Viet Nam has drawn up plans to sustainably grow its wood product processing industry by 2020, according to the Minister of Agriculture and Rural Development. The industry is to give priority to investing in and utilising domestic forests while reducing raw wood exports and better managing supply. Minister Cao Duc Phat said the modernised and [...]

Exchange marks Vietnam-Laos Friendship Year Posted: 15 Mar 2012 09:56 PM PDT The Vietnamese Embassy in Laos and the Laos Foreign Ministry held an exchange in Vientiane on March 15. Vietnamese Ambassador Luong Quoc Huy said the exchange was aimed at strengthening mutual understanding and solidarity between the two countries during the Friendship Year launched by Vietnamese State President Truong Tan Sang and Lao Party General Secretary [...]

Inspection rings up queries over Viettel Posted: 15 Mar 2012 09:54 PM PDT Investigations into leading telco Viettel have raised a number of questions about the company's operations. The Government Inspectorate has just signed off of its inspection of capital investment and financial operations at leading military-runViettel Group with proposals stemming from the investigation including the possibility of taking back a large chunk of money from the telco. [...]

Over 79,000 companies dissolved in 2011 Posted: 15 Mar 2012 09:52 PM PDT According to the Vietnam Chamber of Commerce and Industry (VCCI), 79,014 companies were dissolved last year; 7,611 of them were established in the same year. By the end of 2011, there were 622,977 companies in Vietnam but 79,014 were dissolved. Of this number, there were 2,082 private enterprises, 15,748 one-member limited liability companies, 18,826 limited [...]

Banks struggle to look for borrowers Posted: 15 Mar 2012 09:51 PM PDT Though the lending interest rates have been decreasing significantly, banks still cannot push up the lending. The biggest problem now for banks is not the lack of capital to lend, but is that they cannot find borrowers. Though the lending interest rates have been forced down, businesses do not intend to borrow money at this [...]

Foreign bankers only want to team up with powerful domestic partners Posted: 15 Mar 2012 09:50 PM PDT While domestic banks want to buy back weak banks, which are now in big supply, thanks to the ongoing bank restructuring process, foreign banks tend to buy the stakes of powerful domestic banks. Under the plan to restructure credit institutions in 2011-2015 which has been approved by the Prime Minister, weak banks would be forced [...]

Japanese bank funds hydropower plant project in Dak Lak Posted: 15 Mar 2012 09:49 PM PDT Japan's Sumitomo Mitsui Banking Corporation (SMBC) will provide a US$64.2 million credit to fund the Srepok 4A hydropower plant project in Dak Lak province. A credit contract was signed in Hanoi on March 15 between the Buon Don Hydro Power Joint Stock Company and SMBC. The loan was financed under the trade and investment insurance [...]

Attracting foreign investment to Vietnam Posted: 15 Mar 2012 09:49 PM PDT Foreign investment attraction will give fresh impetus to Vietnam's economic restructuring and create a competitive business environment in the country. Bui Quang Vinh, Minister of Planning and Investment (MPI), made the statement at a workshop in Hanoi on March 15 to discuss solutions to improve the quality of foreign investment inflows to Vietnam. Mr Vinh [...]

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