Vietnam Business News

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• Pharma firms in fine health
• Vietnam fears it may not seek coal supplies
• VN helps raise Cambodia’s rice productivity
• Approving plan on restructuring securities companies
• Raising the fish of gold
• May may come with hope
• Expectations of fiscal and monetary policies
• More inspections, APA to fight transfer pricing
• Microsoft allies with Barnes & Noble on ebooks
• Mobile exports hit US$3.5 billion

Pharma firms in fine health Posted: 01 May 2012 12:05 AM PDT Foreign pharmaceutical firms are finding Vietnam just the medicine. Foreign pharmaceutical firms hiking stakes in local partners increased recently, with Chile-based CFR International SPA becoming a strategic partner of Domesco Medical Import Export Joint Stock Corporation (DMC), through holding a 44 per cent stake and having three board DMC members. "It will help CFR grow [...]

Vietnam fears it may not seek coal supplies Posted: 01 May 2012 12:04 AM PDT With five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of coal, of which 13 million tons would be imported. By 2020, Vietnam would need 48 million tons of coal imports a year. The thorny problem Indonesia is considering imposing export tariffs on coal and normal metal exports in an effort [...]

VN helps raise Cambodia’s rice productivity Posted: 30 Apr 2012 11:51 PM PDT Vietnam 's high-quality fertilisers and its latest science and technology transferred to Cambodia have helped raise rice productivity in the neighbouring country, a conference was told in Cambodia on April 29. The conference, held by the Binh Dien fertilizer company, with the participation of Cambodian Deputy Prime Minister Men Sam On, heard that with the [...]

Approving plan on restructuring securities companies Posted: 30 Apr 2012 11:50 PM PDT In January 2012, the Ministry of Finance issued Decision 62/2012/QD-BTC on Approving Plan on Restructuring Securities Companies. The main purpose of the restructuring is to raise their operational quality, financial capability, corporate governance and ability to control risks, and on these grounds, to gradually reduce the number of securities companies Criteria and classification of securities [...]

Raising the fish of gold Posted: 30 Apr 2012 11:50 PM PDT Giant barbs or Siamese giant carps, a freshwater fish in the Mekong River, are found in Laos, Thailand, Cambodia and Vietnam. In Vietnam, they live mostly in Vam Nao, an area linking the Tien and Hau rivers in An Giang Province. The fish are expensive because of their delicious meat and rarity. Now, An Giang [...]

May may come with hope Posted: 30 Apr 2012 11:49 PM PDT What happened to Vietnam's stock market between April 18 and 24 Although the April consumer price index rate was the lowest in the past 37 months, being only 0.05% over March, the stock market remained bearish this week. Over the weekend, transactions became lackluster across the board with liquidity nose-diving. On the HSX exchange, the [...]

Expectations of fiscal and monetary policies Posted: 30 Apr 2012 11:49 PM PDT Since the Ministry of Finance and the State Bank of Vietnam jointly developed a framework for fiscal and monetary policy coordination, some have hoped that the move will phase out obstacles to macroeconomic stabilization in the country Nguyen Van Binh, governor of the State Bank of Vietnam (SBV), has been under immense pressure to lower [...]

More inspections, APA to fight transfer pricing Posted: 30 Apr 2012 11:34 PM PDT Transfer pricing has been a chronic headache for tax authorities in Vietnam. In a recent workshop, speakers said to cope with the aggravating problem, more tax inspections and investigations will be conducted this year. However, APA (Advance Pricing Agreement) may be a better tool for combating transfer pricing manipulations in the long run. A veteran [...]

Microsoft allies with Barnes & Noble on ebooks Posted: 30 Apr 2012 11:32 PM PDT Microsoft teamed up Monday with US bookselling giant Barnes & Noble in a venture aimed at grabbing a bigger share of the rapidly growing market for electronic books. The world’s biggest software group will make a $300 million investment in a new Barnes & Noble subsidiary focusing on the bookseller’s digital reading capabilities, including its [...]

Mobile exports hit US$3.5 billion Posted: 30 Apr 2012 11:32 PM PDT The export turnover of mobile phones and spare parts in four months reached US$3.490 billion, up 154 percent against the same period last year. In April alone, exports hit US$800 million. Last year saw the sharpest growth of 40 percent, with Samsung making up 70 percent of the total value.

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