Vietnam Business News

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• Local carriers offer more summer flights
• Expressway toll cut
• ADB wants ODA disbursement accelerated
• Hilton Hanoi Opera won The Certificate of Excellence 2012
• VietinBank offers VND5 trillion loans for buying homes
• VND84 trillion flows into stock market in first 6 months
• Cuba wishes to further boost economic cooperation with Vietnam
• Binh Duong boasts a record of FDI attraction
• Aquaculture farmers find going tough
• New agency in the pipeline to monitor State assets

Local carriers offer more summer flights Posted: 06 Jul 2012 07:19 PM PDT Jetstar Pacific and Air Mekong are adding more flights from HCMC and Hanoi to tourist destinations across Vietnam to meet the surging demand for air travel, particularly on weekends. The low-cost carrier Jetstar Pacific announced on Thursday that it would provide the market with 48 more flights from Hanoi and HCMC to Danang. The airline [...]

Expressway toll cut Posted: 06 Jul 2012 07:17 PM PDT The Ministry of Finance proposal for a 25-30% toll fee reduction for over-18-ton trucks and 40-feet container trucks using the HCMC-Trung Luong Expressway got the nod from the Government on Wednesday. On behalf of the Government, Deputy Prime Minister Hoang Trung Hai gave the approval for the toll fee reduction and assigned the finance ministry [...]

ADB wants ODA disbursement accelerated Posted: 06 Jul 2012 07:17 PM PDT The Asian Development Bank (ADB) is asking Vietnam to step up the slow-paced disbursement of its official assistance development (ODA) capital. The bank has told the Ministry of Planning and Investment (MPI) that Vietnam has been lagging in ODA disbursement. By the end of March this year, the ADB Vietnam portfolio had comprised 59 loans [...]

Hilton Hanoi Opera won The Certificate of Excellence 2012 Posted: 06 Jul 2012 07:17 PM PDT Hilton Hanoi Opera Hotel was just honored with The Certificate of Excellence 2012 awarded by TripAdvisor®. This prestigious award is given to establishments that consistently achieve outstanding traveler reviews on TripAdvisor®. Approximately 10 per cent of hotels/resorts listed on TripAdvisor® receive this award yearly. To obtain the award, businesses need to maintain an overall rating [...]

VietinBank offers VND5 trillion loans for buying homes Posted: 06 Jul 2012 07:15 PM PDT The Vietnam Bank for Industry and Trade (VietinBank) has announced that it will allocate VND5 trillion (US$240 million) for lending to home buyers at low interest rates. Home buyers can borrow from the bank from now until the end of 2012 at an interest rate of 12% per annum. Under this programme, an individual can [...]

VND84 trillion flows into stock market in first 6 months Posted: 06 Jul 2012 07:15 PM PDT Capital invested in the stock market has doubled that of the same period in 2011, but the amount invested on issuing shares has reduced 50%. The State Securities Commission of Vietnam (SSC) declared that in the first six month of 2012, it has granted licenses for 16 companies to issue 580 million shares worth VND5,468 [...]

Cuba wishes to further boost economic cooperation with Vietnam Posted: 06 Jul 2012 07:12 PM PDT "Cuba is willing to further boost our economic cooperation with Vietnam to be on par with the current political relationship between the two countries", said the first Deputy Minister of Foreign Affairs and External Investment of Cuba, Antonio Caricarrte in an exclusive interview given to the reporter from the People's Army Newspaper on the sideline [...]

Binh Duong boasts a record of FDI attraction Posted: 06 Jul 2012 07:12 PM PDT Binh Duong has attracted US$2.83 billion foreign direct investment (FDI) since earlier this year, double this year's plan. Currently, there are 2,070 FDI projects with a total capitalization of US$16.838 billion. Among 51 new projects in the reviewed period include the Tokyu Group's project worth US$1.2 billion, the Dai Nippon Printing Group (US$35 million), Vietnam [...]

Aquaculture farmers find going tough Posted: 06 Jul 2012 07:11 PM PDT The export turnover of aqua products in 2012 is likely to reach 6.8 billion USD, about 200 million USD or 12 percent higher than the previous forecast. However, the news is not all good for many farmers who can’t get loans and have been forced to temporarily stop production. The price of tra fish has [...]

New agency in the pipeline to monitor State assets Posted: 06 Jul 2012 07:10 PM PDT The Ministry of Finance is seeking permission from the government to set up a general department to manage and supervise the state capital and assets in state-run companies. "The department will look after the effectiveness of the use of state capital, especially in the State-owned enterprises (SOEs)," said Deputy Minister of Finance Do Hoang Anh [...]

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