Vietnam Business News

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• Vietnamese footwear enjoys preferential European tax
• VND33 trillion of Government bonds issued
• Vietnam Airlines to resume Da Nang–Tokyo service
• In economic recession, there’s no opportunity for fastidious workers
• Vietnam vows to impose heavy punishment to stop seafood material bleeding
• AEM, EU hold 12th consultations
• ASEAN officials agree on common goal
• Hoan Kiem station fires up debate
• Ten projects chosen for $440 million in G-bond funding
• Fast food market: bigger burgers to clamp smaller ones

Vietnamese footwear enjoys preferential European tax Posted: 08 Mar 2013 10:30 PM PST The Vietnam Ministry of Industry and Trade (MoIT)'s European Market Department reports the European Commission (EC) has decided to extend Vietnam's eligibility under its Generalised System of Preferences (GSP). The EC's Decision No.1213/2012 removed eight countries' exports from the list of GSP beneficiaries. Accordingly, Vietnamese products, primarily footwear were not affected. The newly-adjusted tariff scheme, [...]

VND33 trillion of Government bonds issued Posted: 08 Mar 2013 10:28 PM PST Exactly VND5,900 billion ($283.2 million) was received from a VND6,000 billion ($288 million) Government bond issue on March 7, increasing the total Government bonds issued this year to VND33,158 billion ($1.59 billion). Cash received from the two-year bonds issued by the State Treasury reached VND3,000 billion ($144 million) and yielded an interest rate of 8.3pct [...]

Vietnam Airlines to resume Da Nang–Tokyo service Posted: 08 Mar 2013 10:27 PM PST Direct flights between the central city of Da Nang and Tokyo are expected to be offered by the end of this year, according to a Vietnamese foreign affairs officer in Tokyo. "National carrier Vietnam Airlines will resume services between Da Nang International Airport and Narita International Airport route by this year-end," Mai Dang Hieu, deputy [...]

In economic recession, there’s no opportunity for fastidious workers Posted: 08 Mar 2013 10:24 PM PST A big real estate developer has been reportedly hospitalized to treat his mental disease. Thousands of bachelors in Da Nang City now work as blue collar workers at an electronics company. An architect has become a helper at a pho shop. In the economic recession, Vietnamese would take any job they can to earn their [...]

Vietnam vows to impose heavy punishment to stop seafood material bleeding Posted: 08 Mar 2013 10:13 PM PST The draft decree of pecuniary penalty on the violations in seafood trade says the fine of up to VND100 million would be imposed on the institutions which join forces with foreign merchants to collect aquatic materials in the domestic market. If the draft decree gets approved, this will be for the first time the punishment [...]

AEM, EU hold 12th consultations Posted: 08 Mar 2013 10:07 PM PST The 12th ASEAN Economic Ministers and EU Trade Commissioners (AEM-EU) Consultations was held on March 8 in Hanoi, with the participation of 10 ASEAN Economic Ministers, ASEAN Secretary General and the EU Trade Commissioner. Vietnamese Minister of Industry and Trade Vu Huy Hoang was the head of the Vietnamese delegation attending the meeting. Vietnam is [...]

ASEAN officials agree on common goal Posted: 08 Mar 2013 10:06 PM PST ASEAN economic ministers signed two amended protocols and adopted a number of important initiatives at their 19thannual retreat in Hanoi on March 8, towards the establishment of the ASEAN Economic Community (AEC) by 2015. The protocols are to amend ASEAN Economic Agreements Related to Trade in Goods and the ASEAN Comprehensive Investment Agreement. During the [...]

Hoan Kiem station fires up debate Posted: 08 Mar 2013 10:00 PM PST Plans for placing a subway metro station for Hanoi's planned rail transit system near beloved, historic Ho Guom (the Returned Sword Lake) has generated intense debate. In the recent past the Hanoi People's Committee gave the thumbs-up to placing the train station C9, part of urban rail route No 2, in front of Hanoi Power [...]

Ten projects chosen for $440 million in G-bond funding Posted: 08 Mar 2013 03:40 AM PST Ten major infrastructure projects including highways, hospitals and a canal have been approved for investment capital totalling more than $440 million from government bonds. The National Assembly Standing Committee last week agreed on the Vietnamese government's proposal to use the 2012 – 2015 government bonds for five projects from the Ministry of Transport, four from [...]

Fast food market: bigger burgers to clamp smaller ones Posted: 08 Mar 2013 03:37 AM PST How will the fast food market will be after McDonald's makes its presence in Vietnam? The presence of the big guy McDonald would surely lead to the big changes in the fast food market, after it forces the rivals to re-divide the market. Some people now feel curious about what will happen on the day [...]

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