Vietnam Business News

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• RoK businesses learn about Vietnam’s environment law
• Delta needs rice drying rooms
• 16 billion USD needed for infrastructure each year
• Gov’t gets tough on SOE restructuring
• Banks to help only most-deserving firms
• Not having much living space, small securities companies get suffocated
• Farm exports may fetch US$26.5 billion amid low demand
• Investors may be asked to post completion bond
• HCM City among world’s top 10 cities for street foods
• Vinalines suffers $69.2 mln loss in H1/2012

RoK businesses learn about Vietnam’s environment law Posted: 22 Jul 2012 09:45 AM PDT Nearly 80 businesses from the Republic of Korea (RoK) attended a conference in Hanoi on July 20 to acquire knowledge of Vietnam's Environment Law. RoK, Vietnam aim for US$20 billion in trade turnover The event was held jointly by the Korean Environment Cooperation (KECO) and the Korean Chamber of Commerce and Industry (KCCI). Nguyen The [...]

Delta needs rice drying rooms Posted: 22 Jul 2012 09:44 AM PDT Farmers in the Mekong Delta region should use rice drying-rooms to reduce production costs and improve quality of rice exports, experts have recommended. Ho Minh Khai, Director of Co Do Agriculture One Member Ltd Company and Co Do Farm in Can Tho city’s Co Do district, said his company had built 63 rice drying rooms [...]

16 billion USD needed for infrastructure each year Posted: 22 Jul 2012 09:44 AM PDT Vietnam needs about 15-16 billion USD per year to develop infrastructure to 2020, said Deputy Minister of Finance Truong Chi Trung. Trung made this remark at a dialogue between Vietnam's ministries and sectors and the Asia-Pacific Infrastructure Partnership (APIP) on financial mobilisation to develop infrastructure in Vietnam, which was chaired by Ministry of Finance on [...]

Gov’t gets tough on SOE restructuring Posted: 22 Jul 2012 09:41 AM PDT The Prime Minister has approved a master plan for restructuring State-owned enterprises (SOEs) in the 2011-2015 period, considering it a top priority over the next four years. The restructuring will focus on key sectors supplying essential products and public services to society, as well as serving security and national defence. SOEs will continue to be [...]

Banks to help only most-deserving firms Posted: 22 Jul 2012 09:41 AM PDT Commercial banks won’t be able to save all of their struggling borrowers at any cost, the State Bank of Vietnam Governor Nguyen Van Binh said at a recent dialogue with Hanoi's authorities and representatives of about 100 enterprises. The statement followed recent media reports and complaints by enterprises that many commercial banks had failed to [...]

Not having much living space, small securities companies get suffocated Posted: 22 Jul 2012 09:40 AM PDT  Ninety five securities companies have to compete fiercely with each other to scramble for the small 40 percent remaining brokerage market share, while the other 60 percent has been controlled by a few big companies. Securities companies keep secretive about their business While big securities companies such as SSI, HCM, VDS, VND and BVSC excitedly [...]

Farm exports may fetch US$26.5 billion amid low demand Posted: 22 Jul 2012 09:38 AM PDT Vietnam expects to ship US$26.5 billion worth of agro-forestry-aquaculture products in 2012 amid dipping global demand. In the first six months of the year, the sector pocketed US$13 billion, an increase of 10% agains the same period of 2011, and accounted for nearly 24.5% of the total export value. Of the revenue, agro-produce exports reached [...]

Investors may be asked to post completion bond Posted: 22 Jul 2012 09:37 AM PDT The Ministry of Planning and Investment has submitted to the Government a draft decree on investment which, if adopted, would make significant changes to investment regulations. It would require the investor’s legal representative to register with the investment licensing authority a guarantee that it will implement the project by the date stated in the Investment [...]

HCM City among world’s top 10 cities for street foods Posted: 22 Jul 2012 09:37 AM PDT Ho Chi Minh City has recently been again ranked among the world's top ten cities for street foods in a list made by travel website VirtualTourist.com. It was also recommended on Reuters' Travel Picks column. "Vietnamese cuisine has received some major street cred in recent memory (Anthony Bourdain’s praise comes to mind), and a quick [...]

Vinalines suffers $69.2 mln loss in H1/2012 Posted: 22 Jul 2012 09:36 AM PDT Vietnam National Shipping Lines (Vinalines) said that it continued to suffer a VND1.439 trillion ($69.2 million) loss in the first half of 2012 due to falling demand for freight transportation. The total output of freight transportation reached 15.3 million tons in January-June, down 15 percent over the same period last year. Its total revenue reached VND11.614 [...]

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