Vietnam Business News
Vietnam Business News |
- HCM City endeavors to use ODA effectively
- Stated-owned groups to divest from for non-core investments by 2015
- More tax incentives will help revive stock market?
- Survey says Ba Ria-Vung Tau second biggest FDI
- Business confidence grows after economic recovery in Q2
- Overseas experts help to promote tourism
- Purchasing 500,000 tonnes of summer-autumn rice for reserve
- Gold falls further
- PetroVietnam profits up 10%
- Electricity price likely to be adjusted quarterly: ministry
| HCM City endeavors to use ODA effectively Posted: 10 Jul 2012 06:34 AM PDT Ho Chi Minh City will make its efforts to better the implementation of projects using official development assistance (ODA), funded by foreign countries and Japan in particular, to ensure their effectiveness. The Secretary of the municipal Party Committee, Le Thanh Hai, made the statement at the talks with Yasuaki Tanizaki, Japanese Ambassador to Vietnam , [...]
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| Stated-owned groups to divest from for non-core investments by 2015 Posted: 10 Jul 2012 06:32 AM PDT State-owned corporations and groups have been requested to withdraw from their non-core investments before 2015. The Government officially fixed the deadline for state-owned corporations and groups' non-core withdrawal on July 9. This is considered an important step towards the restructuring of State-owned enterprises, particularly those that have invested in the risky sectors such real estate, [...]
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| More tax incentives will help revive stock market? Posted: 10 Jul 2012 06:30 AM PDT High tax is believed to be the main reason that makes securities investment funds unable to develop in Vietnam. Though the draft circular stipulating the tax policies for securities investments offers a lot of tax incentives, it still has not satisfied securities investors. Securities' associations believe that more preferences should be offered in order to [...]
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| Survey says Ba Ria-Vung Tau second biggest FDI Posted: 10 Jul 2012 06:29 AM PDT Ba Ria-Vung Tau is the province that comes second, after Ho Chi Minh City , in attracting foreign direct investment (FDI), with 282 projects in operation, according to a survey carried out by the Central Institute for Economic Management. The Institute announced the survey's findings at a meeting with provincial officials to review the province's [...]
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| Business confidence grows after economic recovery in Q2 Posted: 10 Jul 2012 06:27 AM PDT The Vietnam's Business Confidence Index (BCI) in the second quarter of this year rose seven points over the previous quarter and was 20 points higher than the third quarter in 2008 when the BCI was first compiled, showing that the country's business community has confidence in the country’s economic recovery, according to a survey conducted [...]
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| Overseas experts help to promote tourism Posted: 10 Jul 2012 06:26 AM PDT An international team of specialists will arrive in Vietnam on July 11 to help the country update the marketing strategy it currently uses for tourism and also to draw up plans for future tourism promotions. The move is part of an EU-funded development programme to promote 'Environmentally and Socially Responsible Tourism' (ESRT). Vietnam's tourism officials [...]
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| Purchasing 500,000 tonnes of summer-autumn rice for reserve Posted: 10 Jul 2012 06:18 AM PDT Prime Minister Nguyen Tan Dung has approved the purchase of 500,000 tonnes of rice for national reserve from the summer-autumn crop 2012. The Vietnam Food Association (VFA) is asked to be responsible for regulating its members to buy the reserved rice within one month from July 10. The PM also asked the Ministry of Finance, [...]
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| Posted: 10 Jul 2012 06:18 AM PDT Price of gold in Ho Chi Minh City continued to fall on July 9 compared to the previous week, while financial institutions sold dollar at VND20,900, with Vietcombank offering the highest purchase price at VND20,910. As of 8.45am on July 9 in Ho Chi Minh City, gold price at Saigon Jewelry Co (SJC), Vietnam's biggest [...]
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| Posted: 10 Jul 2012 06:17 AM PDT Viet Nam National Oil and Gas Group (PetroVietnam) earned an pre-tax profit of VND30.1 trillion (US$1.43 billion) in the first half of this year, an increase of 10 per cent against last year, Le Minh Hong, the group’s deputy general director, reported yesterday in Ha Noi. Hong said revenues during the period reached VND203 trillion [...]
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| Electricity price likely to be adjusted quarterly: ministry Posted: 10 Jul 2012 06:15 AM PDT Local electricity price will be properly adjusted once every three months, said a senior state official. The price will go up or down if it meets required conditions following the competitive electricity market mechanism, said Dang Huy Cuong, director of Electricity Regulatory Department under the Ministry of Industry and Trade at a recent press conference. [...]
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