Wednesday, March 13, 2013

Vietnam Business News

Vietnam Business News

BOT plan pushed for highway

Posted: 12 Mar 2013 03:53 AM PDT

The Ministry of Transport has recently submitted its  proposal for Japan-based Nexco Central Company to become investor of the upgraded Phap Van-Cau Gie highway project under a build-operate-transfer (BOT) contract. The ministry (MoT) said that it took six months to make a decision to select Nexco Central Company instead of Vietnam's Hai Chau Group to [...]

MOIT lends a hand to EVN to raise electricity price

Posted: 12 Mar 2013 03:51 AM PDT

The retail electricity price may increase continuously, which would put a heavy burden on households and businesses, since the Ministry of Industry and Trade (MOIT) plans to give more power to the Electricity of Vietnam (EVN) in defining the electricity price. MOIT has caused a shock to the public by making public the draft regulation [...]

Vietnam considers loosening foreign currency management policy

Posted: 12 Mar 2013 03:48 AM PDT

Under the draft of the new Ordinance on Foreign Exchange, individual residents can borrow money from foreign sources, pay debts and must be responsible for the borrowing in accordance with the regulations to be drawn up by the government. If the draft ordinance is approved, Vietnamese individuals would be able to take initiative in borrowing [...]

Everything is half-done

Posted: 12 Mar 2013 03:48 AM PDT

Although the Government has made many efforts to restructure the economy, all of them are still half-done, Vo Tri Thanh, vice president of the Central Institute for Economic Management, talked to The Saigon Times Daily. In your opinion, what is the key point in the recent macroeconomic policies? Since Resolution 11 was introduced in 2011, [...]

Vietnam attends Int’l Boston Sea Food Show

Posted: 12 Mar 2013 03:47 AM PDT

Nearly 30 Vietnamese businesses have taken part in the International Boston Seafood Show (IBSS) which opened on March 11. This is the largest event of its kind in the North American region, involving 1,000 enterprises from 40 countries and territories over the world. Among Vietnam's traditonal seafood products are Tra and Basa fish, mostly in [...]

HCM City boosts trade promotion activities

Posted: 12 Mar 2013 03:47 AM PDT

The Ho Chi Minh City Investment and Promotion Centre (ITPC) on March 12 introduced a wide range of programmes supporting local businesses' global economic integration. The announced initiatives focus on effectively penetrating the three major Cambodia, Laos, and Myanmar markets and boosting promotions in the US, EU, and Middle East. ITPC will continue implementing the Vietnamese [...]

Faster SOEs equitisation urged

Posted: 12 Mar 2013 03:46 AM PDT

Faster equitisation of state-owned companies in Vietnam will bring bigger trade opportunities to Vietnamese and European firms, senior officials  have noted. EU commissioner for Trade Karel De Gucht told a press conference on the sidelines of the 19th ASEAN Ministers Retreat Meeting last week that the snail's paced restructuring of Vietnam's state-owned enterprises (SOEs) would [...]

Vietnam securities companies have 10 months left to separate customers’ deposit accounts

Posted: 12 Mar 2013 03:25 AM PDT

Vietnam securities companies will have to separate customers' deposit accounts as of Jan 15, 2014, said the Circular No 210/2012/TT-BTC by the Ministry of Finance. According to the Circular No 210/2012/TT-BTC, securities companies can separate customers' deposits by either (1) opening their own accounts at banks to receive customers' deposits at commercial banks or (2) [...]

Hanoi exchange introduces new bond trading system

Posted: 12 Mar 2013 03:14 AM PDT

The Hanoi Stock Exchange has introduced the second version of the Government bond trading system, which will be used for the first time from March 18 when Circular 234/2012/TT-BTC takes effect. The system was upgraded in response to provisions in the circular concerning risk management and repurchase agreement (repo) trading. A repo agreement occurs when [...]

March 12: Vietnam stocks close down on profit taking

Posted: 12 Mar 2013 03:14 AM PDT

Vietnamese stocks fell back today as fast traders took profit after a strong rally yesterday, liquidity edged up. The benchmark VN Index lost 1.16 points or 0.24% to 475.34. Volume rose 6.4% to 60.26 million shares worth of VND918.27 billion. Put through trading contributed 2.5 million shares worth of VND59.29 billion. Market breadth was negative [...]
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