Vietnam Business News

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• FTSE Vietnam index removes CTG and adds GMD in march review
• Vietnam’s 2013 GDP growth to rise 5.5%: Ernst & Young
• Car makers want registration fees cut
• Real estate opportunities attracts interest
• The big tycoons who harbored great ambition and now bear big debts
• The price war in home appliance market halts, market re-divided
• Ke Ga Port project causes many implications!
• Vinapaco to withdraw from nine firms by 2015
• ASEAN-EU 2013: Opportunity for practical cooperation
• Reform a hard Nut to crack, says economist

FTSE Vietnam index removes CTG and adds GMD in march review Posted: 01 Mar 2013 08:17 PM PST With the decision, the FTSE Vietnam Index will have 22 constituents, unchanged from previous review in December 2012. All constituent changes will be applied after the close of business on Friday 15th March 2013 and will be effective from start of trading on Monday 18th March 2013. As of Feb 27, 2013, DB X-trackers' NAV/Share [...]

Vietnam’s 2013 GDP growth to rise 5.5%: Ernst & Young Posted: 01 Mar 2013 08:08 PM PST Vietnam's gross domestic product (GDP) is foreseen to reach $154.6 billion (average personal capital income of $1,705.8) or an increase of 5.5% in 2013, the Ernst & Young said in its latest report on 25 world’s fastest-growing markets. The Southeast Asian country will run 7.8% inflation and 3.4% State budget deficit this year, the report [...]

Car makers want registration fees cut Posted: 01 Mar 2013 08:02 PM PST HA NOI-The Viet Nam Automobile Manufacturers Association (VAMA) has asked the Government to reduce new car registration fees from the current 15-20 per cent to 5-10 per cent. In addition, the association proposed standardising the fee for providing car number plates to VND2 million (US$96) in order to help auto makers overcome their current difficulties. [...]

Real estate opportunities attracts interest Posted: 01 Mar 2013 07:59 PM PST Merger and acquisition (M&A) deals in the real estate industry were forecast to continue thriving this year, according to industry insiders. Chairman of the Thu Duc Housing Development Co Le Chi Hieu said buyers with cash in hand would have major opportunities this year as there would be many real estate firms eager to divest [...]

The big tycoons who harbored great ambition and now bear big debts Posted: 01 Mar 2013 07:54 PM PST A lot of the well-known names, who were considered the big sharks in the business circle, have become miserable with the big debts on their shoulders. On February 23, 2013, the HCM City Stock Exchange released a notice about the delisting of SBS of Sacombank Securities Company after 2.5 years of listing on the HCM [...]

The price war in home appliance market halts, market re-divided Posted: 01 Mar 2013 07:44 PM PST The home appliance market has become "peaceful" again after it became boisterous for one year with a stiff competition among the suppliers. The tough year 2012 The home appliance market dropped dramatically in 2012 with the minus 20 percent growth rate. An electronics and digital technology product distribution company in Hanoi revealed that while its [...]

Ke Ga Port project causes many implications! Posted: 01 Mar 2013 07:34 PM PST Many investors had to sacrifice their projects for the Ke Ga Port while many others have invested in projects in order to serve the future port. Now, the port project is cancelled, making investors cry. The Prime Minister recently asked to stop construction of the Ke Ga Port, in Ham Thuan Nam district, Binh Thuan [...]

Vinapaco to withdraw from nine firms by 2015 Posted: 01 Mar 2013 06:28 AM PST Vietnam Paper Corporation, known shortly as Vinapaco, will sell out its shares in nine companies by 2015 under its restructuring plan passed by the Government last weekend. Vinapaco will pull out of four companies active in its non-core business sectors and five others in its core operations. The four non-core business companies are Saigon Garment [...]

ASEAN-EU 2013: Opportunity for practical cooperation Posted: 01 Mar 2013 06:20 AM PST The 3rd ASEAN-EU Business Summit—a high profile forum for economic dialogue—aims to foster stronger trade and investment ties between the two blocs. Hanoi will host the 3rd ASEAN-EU Business Summit (ASEAN-EU 2013) in conjunction with the 19th ASEAN Economic Ministers Retreat on March 9. The event is organized by the European Chamber of Commerce in Vietnam (EuroCham), the [...]

Reform a hard Nut to crack, says economist Posted: 01 Mar 2013 06:16 AM PST Vietnam has to surmount numerous obstacles to successfully implement the recently-approved economic restructuring plan, said an economist. The plan was passed by Prime Minister Nguyen Tan Dung last weekend after it had been put forward at the National Assembly (NA) meeting in late 2012. Public investment, banking and State-owned enterprises (SOEs) are the three main [...]

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