Vietnam Business News

---

• Gold retreats below VND43.4 million
• Interview with SBV Foreign Exchange Director General on gold trading management
• Real estate companies in Vietnam on the verge of “dying”
• Facebook, Google must pay Vietnamese taxes: ministry
• PVN: 1.1tr dong capital contribution in PVX to be used only for onshore petroleum construction projects
• 86pct of new apartments in HCM City belong to popular segment: Knight Frank
• Vietnam’s yoy cpi may hit single digit in may 2012: experts
• State owned enterprises – naughty boys that do not get spanked
• Ben Tre coconut festival great success
• Heads scratched over vacant land

Gold retreats below VND43.4 million Posted: 11 Apr 2012 10:42 PM PDT Despite a big gain in global price at the trading session in New York last night, price of gold in Vietnam climbed at the beginning of the trading session but soon resumed losing trend on April 11. Sacombank Jewellery Company bought gold at VND43.25 million and sold at VND43.35 million as of 9.25am Vietnamese time. [...]

Interview with SBV Foreign Exchange Director General on gold trading management Posted: 11 Apr 2012 10:39 PM PDT In regard of Decree No. 24/2012/NĐ-CP dated April 3, 2012 on gold trading management, the Director General of the Foreign Exchange Department of the State Bank of Vietnam (SBV), Mr. Nguyen Quang Huy, has granted an interview on the gold trading management. Following is the full text of the interview. Question : The market has [...]

Real estate companies in Vietnam on the verge of “dying” Posted: 11 Apr 2012 09:01 AM PDT HCM City Real Estate Association (HoREA) proposed to extend and recover debts, and lengthen the deadline of corporate income tax (CIT) payment till December 31, 2013. Today [April 11], the association will work with the National Finance Supervision Committee to help realty companies deal with problems in terms of capital, tax, interest rates, land using [...]

Facebook, Google must pay Vietnamese taxes: ministry Posted: 11 Apr 2012 08:57 AM PDT Vietnam had the right to levy taxes on all transactions involving sales made in the country, including online advertising services provided by Google and Facebook, said deputy director of the Ministry of Finance’s Tax Policy Department Nguyen Van Phung at a conference yesterday in Hanoi. Phung told the conference titled “Tax issues in cross-border e-commerce” [...]

PVN: 1.1tr dong capital contribution in PVX to be used only for onshore petroleum construction projects Posted: 11 Apr 2012 08:53 AM PDT At the press conference on April 9, Phung Dinh Thuc, chair of Vietnam National Oil and Gas Group (PetroVietnam-PVN)’s director board confirmed that 1.1 trillion dong worth of its capital contribution in PetroVietnam Construction Joint Stock Corp. (PVX) will only be used to invest in onshore petroleum construction projects. In addition, Thuc said that its [...]

86pct of new apartments in HCM City belong to popular segment: Knight Frank Posted: 11 Apr 2012 08:41 AM PDT Knight Frank's recently-announced report on real estate market in the first quarter of 2012 in HCM City said that after Lunar New Year (Tet), apartment market in HCM City continued to witness low transaction rate and the popular segment still continued to lead the market in Q1/2012. Many investors have reduced the prices for the [...]

Vietnam’s yoy cpi may hit single digit in may 2012: experts Posted: 11 Apr 2012 08:18 AM PDT Vietnam's year on year consumer price index (CPI) may hit single digit in May 2012, the general statitistics office and some optimistic experts share the view. The statistis officice and experts argued that the petroleum price hike continues its effect to the market in April, May but in the low level. Meanwhile, prices of food [...]

State owned enterprises – naughty boys that do not get spanked Posted: 11 Apr 2012 08:18 AM PDT Vietnamese state owned enterprises (SOEs) are believed to have five special privileges, which are their "absolute advantages" in doing business. In principle, businesses would benefit if they can make profit, and would suffer if they take loss. However, the principle is not applied to SOEs, especially big state owned conglomerates. Dr Nguyen Dinh Cung, Deputy [...]

Ben Tre coconut festival great success Posted: 11 Apr 2012 07:44 AM PDT The third Coconut Festival came to an end in the Mekong Delta province of Ben Tre On April 10, with hundreds of thousands of domestic and foreign visitors and local people taking part. This year's festival included an art installation of a coconut road, a coconut foods festival, a tour of a coconut plantation and [...]

Heads scratched over vacant land Posted: 11 Apr 2012 07:42 AM PDT Unused land plots in Hanoi are causing headaches for state authorities. According to Ministry of Finance's (MoF) Public Asset Management Department, state and public administrative organisations are managing 1.5 billion square metres and housing area, with 1.2 billion square metres occupied by public administrative units. In 2011, the Ministry of Natural Resources and Environment (MoNRE) [...]

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