Friday, September 28, 2012

Vietnam Business News

Vietnam Business News

DHL Express announces annual general price increase for 2013

Posted: 27 Sep 2012 05:07 AM PDT

DHL Express, the world's leading international express services provider, has announced its annual general price increase, amounting to 4.9 per cent on average in Vietnam for 2013. The adjustment will be effective from January 1, 2013. DHL's annual rate increase is based on a number of factors. One of its principal considerations is the impact [...]


Insurance maternity allowance tax free

Posted: 27 Sep 2012 05:03 AM PDT

The maternity allowance from the Social Insurance Fund is not subject to personal income tax, announced an urgent document sent from the General Department of Taxation (GDT) to its local departments earlier this week. The document confirmed that the allowance paid once for giving birth or adopting a child was among those exempted from taxation [...]


VN companies fail to get foothold in Ukraine

Posted: 27 Sep 2012 05:02 AM PDT

Vietnamese businesses have failed to gain a significant foothold in Ukraine, despite marking it out as a key growth market for domestic enterprises, said deputy head of the Ministry of Industry and Trade’s Trade Promotion Centre Le Hoang Oanh. Vietnamese exports currently account for a modest 1.58 per cent of the Ukrainian total import value, [...]


SBV seeks company to buy and sell bad debt

Posted: 27 Sep 2012 04:59 AM PDT

The State Bank of Viet Nam (SBV) aims to resolve bad debts and improve the capital flow of the economy by submitting a plan for the establishment of a debt purchase-and-sale company to the Government. Le Xuan Nghia, a member of the Advisory Council of National Monetary Policies told the news site VnEconomy that the [...]


Retail segment still developed despite of global economic downturn

Posted: 27 Sep 2012 04:59 AM PDT

Despite lack of global downturn of economy, prime malls and shopping centre have generally been strong performers in term of tenant demand, sales and increased rental rates across all regions, according to a latest survey done by Cushman & Wakefield. The study focuses on global retailer and macro consumer trends impacting the global shopping centre [...]


Share continue to decline on poor trading

Posted: 27 Sep 2012 04:58 AM PDT

Investors continued to shun the stock market, driving down shares on both national exchanges. The benchmark VN-Index on the HCM City Stock Exchange declined to 394.5 points by the end of this morning’s session, after reaching nearly 397 points. Trading remained sluggish, totalling (US$16.2 million) on a volume of 17.3 million shares. Blue chips were [...]


First indigenously made satellite launched into orbit

Posted: 27 Sep 2012 04:56 AM PDT

According to information released from FPT Corporation, the first indigenously made F-1 satellite will be launched from the International Space Station (ISS) to start orbiting today, September 27. After being released, the F-1 satellite must wait at least 30 minutes before starting the first task, such as extracting antenna, and signaling to ensure its electronic [...]


Telephone exports earn nearly $8 billion

Posted: 27 Sep 2012 04:55 AM PDT

Telephones and spare parts ranked second among Vietnam's top ten export earners in the first eight months of this year. The General Department of Customs' latest statistics showed they enjoyed a record year-on-year rise of 123 per cent to $7,977 billion in export revenue. For many months, they have been listed among export items earning [...]


Foreign investors believe in VN’s economic prospect

Posted: 27 Sep 2012 04:54 AM PDT

Investors who are seeing long-term potential in Viet Nam have a belief in measures the country's government has taken to strengthen the economic recovery. The attitude was recently showed indeed by a Malaysian bank through opening its 4th branch in Binh Duong Province. Talking with the press in Ho Chi Minh City on September 26 on [...]


Rice output to hit 43 mln tonnes in 2012

Posted: 27 Sep 2012 04:49 AM PDT

Vietnam's rice output is expected to surpass 43 million tonnes in 2012, an increase of 1 million tonnes or 2.6 percent over the previous year. According to the Ministry of Agriculture and Rural Development, this year, the country's total rice area reaches 7.75 million ha, a 1.2 percent rise against 2011. At present, northern provinces are focusing on taking care of their summer-autumn [...]


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