Vietnam Business News

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• Cooperation between military businesses and bank promoted
• Domestic gold price sees unexpected rise
• Nearly 400 businesses to participate in VietnamExpo 2013
• Viet Kieu repatriates’ car imports waiting for re-export
• PVEP, Vietsovpetro sign oil and gas contract
• Sustainable wood import-export discussed
• Vietnamese high-end fashion brands target the world market
• Lower ownership registration tax makes used-car market “choppy”
• Fast food chains hunt for retail premises, real estate market warms up
• Stronger measures to save businesses

Cooperation between military businesses and bank promoted Posted: 30 Mar 2013 06:36 AM PDT Deputy Defence Minister, Senior Lieutenant-General Le Huu Duc, on behalf of the Defence Ministry's leaders, met with CEO of the Vietnam Development Bank (VDB) Nguyen Quang Dung on March 28th in Hanoi to discuss a mechanism to support military businesses to carry out socio-economic projects, while consolidating national defence and security in major areas. Director [...]

Domestic gold price sees unexpected rise Posted: 30 Mar 2013 06:28 AM PDT Results from the first official gold auction held recently by the State Bank of Viet Nam were unexpected, with the domestic gold price going up as the global gold price fell. In an attempt to reduce the gold price, on Thursday the central bank organised an official gold auction with a total of 26,000 taels [...]

Nearly 400 businesses to participate in VietnamExpo 2013 Posted: 30 Mar 2013 06:27 AM PDT The 23rd International Trade Fair (VietnamExpo 2013) will take place from April 10th-13th 2013 in Vietnam Exhibition and Fair Centre (VEFAC) in Hanoi. The event aims to promote exports, expand the domestic market and provide opportunities for domestic and international businesses to establish ties, seek trade and investment cooperation, and transfer technology. In addition, the [...]

Viet Kieu repatriates’ car imports waiting for re-export Posted: 30 Mar 2013 06:17 AM PDT The luxurious cars, which were imported to Vietnam as the Viet Kieu repatriates' assets, now are awaiting to be re-exported, after state management agencies have threatened to clarify the real origins of the imports. Tran Thi TT in HCM City has asked for the permission of the customs agencies to re-export a Lexus ES350, made [...]

PVEP, Vietsovpetro sign oil and gas contract Posted: 30 Mar 2013 06:17 AM PDT The Vietnam Oil and Gas Group (PetroVietnam) has signed a production-sharing contract (PSC) for Block 42 on the continental shelf waters of Vietnam with a consortium of contractors including PetroVietnam Exploration and Production Corporation (PVEP) and the Russia-Vietnam oil and gas joint venture, Vietsovpetro. Under the agreement, which was signed in Hanoi on March 29, [...]

Sustainable wood import-export discussed Posted: 30 Mar 2013 06:17 AM PDT Difficulties facing the wood industry and measures to promote sustainable wood import and export in Vietnam were tabled during a policy dialogue in Ho Chi Minh City on March 29. At the event, Deputy Minister of Agriculture and Rural Development (MARD) Ha Cong Tuan suggested that in 2013, the State issue a set of standards [...]

Vietnamese high-end fashion brands target the world market Posted: 30 Mar 2013 06:17 AM PDT Developing high-end fashion brands is the target of all Vietnamese textile and garment companies which have been following different ways to reach that end. The franchisees An Phuoc Company once caught the special attention from the public 15 years ago when it became the franchisee of Pierre Cardin after a contract signed in 1997. An [...]

Lower ownership registration tax makes used-car market “choppy” Posted: 30 Mar 2013 06:17 AM PDT The sharp decrease in the car ownership registration tax is believed to help stimulate the demand for used cars. Under a new government decree, from April 1, the ownership registration tax on the cars with less than 10 seats, registered at the competent agencies for the second and subsequent times, would be 2 percent instead [...]

Fast food chains hunt for retail premises, real estate market warms up Posted: 30 Mar 2013 06:17 AM PDT Analysts, while forecasting the arrival of many foreign fast food chains in Vietnam, believe that the real estate market would warm up in the war among the chains for retail premises. There have been no positive forecasts about the recovery of the national economy in 2013. However, there have been a lot of pieces of [...]

Stronger measures to save businesses Posted: 30 Mar 2013 06:11 AM PDT The Vietnamese Government will take stronger measures to save businesses, said Minister and Chairman of the Government Office Vu Duc Dam. At a recent Government meeting, Minister Dam said the national economy showed positive signs in the first quarter as export turnover maintained its growth. Last year, foreign invested businesses saw export growth but the [...]

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