Vietnam Business News

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• Mekong Delta rice exports up 18 percent
• Venture funds still cannot play in full swing in Vietnam
• MoIT announces draft of electricity retail price
• Vietnam’s agro-fishery exports to Japan in focus
• DOC determines Vietnam exporters not engaged in dumping
• Vietnam labor market to have major shift in 2013
• Obstacles to competitive electricity market
• Tobacco, temporary imports and tax targeted
• Prudential is still a market trailblazer
• Interbank trading Dong +3.3%, Dollar +30% in week ending Mar 1

Mekong Delta rice exports up 18 percent Posted: 06 Mar 2013 08:47 PM PST The provinces in the Mekong Delta exported 670,000 tonnes of rice in the first two months of 2013, generating 304 million USD in revenue – an 18 percent increase in value compared to the same period last year. Asia is the region's largest market, with 65 percent of consumption, followed by America, Africa, Europe and [...]

Venture funds still cannot play in full swing in Vietnam Posted: 06 Mar 2013 08:39 PM PST Venture funds, who are they? DFJV, belonging to the joint venture between VinaCapital and the US Draper Fisher Jurvetson proves to be the best-known venture fund in Vietnam because it was one of the first funds established in the country. Besides, the Japanese CyberAgent fund, IDG Ventures Vietnam (IDGVV) are also the well-known names. IDGVV [...]

MoIT announces draft of electricity retail price Posted: 06 Mar 2013 08:27 PM PST On March 5, the Ministry of Industry and Trade(MoIT) disclosed draft of management mechanism and adjustment of electricity retail prices with following 3 main points: 1.  When the input factors make the electricity prices to increase 2-5% and in the price frame, Vietnam Electricity Group (EVN) is allowed to increase electricity prices in the corresponding level after getting approval from MoIT. 2. When input parameters  make electricity to increase more than 5% or the average retail electricityprice after adjustment surpasses [...]

Vietnam’s agro-fishery exports to Japan in focus Posted: 06 Mar 2013 08:25 PM PST A seminar on monitoring the hygiene of Vietnam's agro-fishery exports was held in Tokyo on March 6 by the Vietnamese Ministry of Agriculture and Rural Development (MARD), the Vietnamese Embassy in Japan and the ASEAN–Japan Centre.   At the event, Vietnamese Ambassador to Japan Doan Xuan Hung expressed hope that the two countries' Governments and [...]

DOC determines Vietnam exporters not engaged in dumping Posted: 06 Mar 2013 08:15 PM PST The US Department of Commerce (DOC) had made a preliminary decision on anti-dumping duties as they apply to Vietnamese shrimp exported to the US from February 1, 2011, to January 31, 2012. Under the decision, both mandatory and voluntary defendants will enjoy a zero percent tax rate for the period. The decision is the first [...]

Vietnam labor market to have major shift in 2013 Posted: 06 Mar 2013 04:13 AM PST There will be a reduction in recruitment at the executive management level but demand for managers at middle level still increases in 2013. On March 5, Anphabe-Vietnam largest online network for management professionals announced its online survey results of trend of senior personnel recruitment and shift in 2013. According to the survey, 54% of senior staffs participating [...]

Obstacles to competitive electricity market Posted: 06 Mar 2013 04:05 AM PST Though the competitive power market has been in operation in Vietnam for some eight months, in practice EVN still holds a monopoly over the market. The current market has 45 power plants, a number that may increase to 67 in the future. The sole buyer of the electricity they produce is Vietnam Electricity Group (EVN), [...]

Tobacco, temporary imports and tax targeted Posted: 06 Mar 2013 03:53 AM PST The Government is drafting a decree on sanctioning administration violations of copyright and related rights. Under the draft decree, the highest fines applied for sanctioning administration violations in the field of copyright and related rights will reach up to VND250 million (US$12,500) for individuals and VND500 million ($25,000) for organisations. Besides the two major administrative [...]

Prudential is still a market trailblazer Posted: 06 Mar 2013 03:48 AM PST Prudential Vietnam Assurance enjoyed the largest life insurance market share in Vietnam last year. VIR talks with its CEO Jack Howell about the driving forces behind the company's success amid Vietnam’s progressive economic integration into the ASEAN. What is Prudential Vietnam Assurance's identity which distinguishes the company from competition? We are proud to be the [...]

Interbank trading Dong +3.3%, Dollar +30% in week ending Mar 1 Posted: 06 Mar 2013 03:46 AM PST The total interbank trading value of the dong climbed 3.3% to VND73.442 trillion in the week ending March 1 from VND71.089 trillion a week earlier while that of the dollar surged 29.8% to VND60.528 trillion from VND46.637 trillion. The total interbank trading value of the dong climbed 3.3% to VND73.442 trillion in the week ending [...]

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