Vietnam Business News

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• My Son tourism village opens
• Ukraine inspects Vietnamese seafood processors
• Vietnamese tra, basa fish at disadvantage in US market
• FDI efficiency needs improving
• Higher foreign ownership ratio will help IPO shares to be salable
• International creditors extend debts for Vinashin
• Crab exports to EU increase sharply
• The three ways of life for small banks
• Trang Tien Plaza changes appearance, which will bring good luck?
• Hanoi drops 15 spots on competitiveness rankings

My Son tourism village opens Posted: 15 Mar 2013 12:44 AM PDT DA NANG — The central province of Quang Nam officially opened the My Son community tourism village near the World Heritage Site of the same name yesterday. The village is one the first steps towards boosting the central province’s eco-tourism and sustainable tourism development programme by 2020. The village, which is home to over 200 [...]

Ukraine inspects Vietnamese seafood processors Posted: 15 Mar 2013 12:37 AM PDT Ukrainian seafood experts are inspecting seafood farms in Vietnam to ensure aquatic exports meet their food safety and hygiene standards. On March 13 they held working sessions with the National Agro Forestry Fisheries Quality Assurance (NAFIQAD), Animal Health Department, Directorate of Fisheries, and the Vietnam Association of Seafood Exporters and Producers (VASEP), focusing on hygiene [...]

Vietnamese tra, basa fish at disadvantage in US market Posted: 15 Mar 2013 12:36 AM PDT The US Department of Commerce (DOC) has decided to impose anti-dumping taxes on tra and basa fish imports from Vietnam which is the third country after Indonesia and Bangladesh. Following its decision on March 14, Vietnam's frozen fillets of tra and basa fish exporters will have to pay the duties ten times more than before, [...]

FDI efficiency needs improving Posted: 15 Mar 2013 12:34 AM PDT Foreign direct investment (FDI) projects have made important contributions to Vietnam's socio-economic development despite several shortcomings in the slow capital disbursement process. Deputy Minister of Planning and Investment Dao Quang Thu said over the past 25 years FDI inflows have helped boost economic growth and increase the effective use of investment funds in Vietnam. The [...]

Higher foreign ownership ratio will help IPO shares to be salable Posted: 15 Mar 2013 12:32 AM PDT Analysts have warned about the possible oversupply of shares when a series of equitized enterprises would make IPO. However, the oversupply would not occur, if foreign investors are allowed to hold more shares in Vietnamese businesses. It is expected that seven state owned corporations would make initial public offering (IPO) in 2013 and list their [...]

International creditors extend debts for Vinashin Posted: 15 Mar 2013 12:30 AM PDT The debt of $600 million, together with interest of the Vietnam Shipbuilding Industry Group (Vinashin) has been agreed by over 51% of the creditors to convert into new bonds, with a term of 12 years. Vinashin Chairman – Mr. Nguyen Ngoc Su – says that Vinashin received the approval of a majority of the bondholders [...]

Crab exports to EU increase sharply Posted: 15 Mar 2013 12:30 AM PDT In the first months of 2013, crab exports to the European Union (EU) enjoyed a dramatic year-on-year rise of nearly 200 percent. The export of crab and other crustaceans to the EU generated US$8.3 million, up 18 percent from last year. Statistics from the Vietnam Association of Seafood Exporters and Producers (VASEP) show that exports [...]

The three ways of life for small banks Posted: 15 Mar 2013 12:28 AM PDT In order to become stronger, banks need to be bigger, or they need to increase their capital. There are three ways for banks to increase capital. First of all, they can issue shares to existing shareholders, However, this proves to be not a feasible method for small banks, because their owners, who also hold stakes [...]

Trang Tien Plaza changes appearance, which will bring good luck? Posted: 14 Mar 2013 06:51 PM PDT Trang Tien Plaza has been re-positioned as a luxurious goods shopping mall. Will its new appearance and the new way of operation help the shopping mall change their fate? Trang Tien Plaza in the past… Located on the most advantageous position in Hanoi, in the golden central area of the capital city, Trang Tien Plaza [...]

Hanoi drops 15 spots on competitiveness rankings Posted: 14 Mar 2013 06:46 PM PDT The Mekong Delta province of Dong Thap ranks first in the Provincial Competitiveness Index (PCI) 2012 while Hanoi losses 15 grades, falling to its lowest position since the index was published. The PCI 2012 has unexpected disturbances. From last year’s 4th place, Dong Thap suddenly climbs to the top this year. Last year's newly- emerging [...]

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