Vietnam Business News

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• MPI signals tax incentives for long-term investors
• First rubber expo kicks off in City
• Thermal power plant opens
• Home prices still too high for most
• Boosting Vietnamese exports to Hong Kong
• Viettel finalist for telecom licence
• Pharma firm invests in new factory
• The bad debt panorama
• Vinacomin exports 4 million tonnes of coal in Q1
• Hanoi resolves to improve PCI

MPI signals tax incentives for long-term investors Posted: 14 Apr 2013 12:00 AM PDT Vietnam is expected to offer tax exemption and reduction for expansion parts of foreign-invested projects as well as tenants in industrial zones in order to attract long-term and environment-friendly investors, said an official of the Ministry of Planning and Investment (MPI). Deputy Minister Dao Quang Thu announced the planned incentives with representatives of foreign-invested and [...]

First rubber expo kicks off in City Posted: 13 Apr 2013 11:59 PM PDT CM CITY — The country’s first international rubber and tyre industry exhibition, Rubber and Tyre Vietnam 2013, opened on Thursday at the Saigon Exhibition and Convention Centre in District 7. Conferences and seminars will be held during the three-day exhibition to discuss the future development of the local natural rubber industry. Co-organised by the Minh [...]

Thermal power plant opens Posted: 13 Apr 2013 11:55 PM PDT QUANG NINH — The inauguration of US$557 million Mao Khe Thermal Power Plant took place yesterday in the north-eastern province of Quang Ninh, six months earlier than schedule. Covering an area of 72ha in Dong Trieu District, Quang Ninh Province, the power plant is equipped with two turbines that have a combined capacity of 440MW [...]

Home prices still too high for most Posted: 13 Apr 2013 05:37 PM PDT HA NOI (VNS)— Developers are offering more affordable housing, yet people continue to hesitate when it comes to making home purchases. About 95 per cent of units launched during the first quarter cost less than US$1,000 per square metre, compared with only 26 per cent in the same period last year, according to real estate [...]

Boosting Vietnamese exports to Hong Kong Posted: 13 Apr 2013 05:36 PM PDT Vietnamese businesses need to the make the best of Hong Kong as a gateway for bringing Vietnamese goods to other markets. Economic experts highlighted Hong Kong as a potential export market for Vietnamese goods during a recent seminar to discuss ways to boost exports via the port city. Director of the Export Assistance Centre under [...]

Viettel finalist for telecom licence Posted: 13 Apr 2013 05:35 PM PDT Telecom firm Viettel is among 12 bidders shortlisted for the final stage of Myanmar’s telecommunications licence tender. In a statement issued on Thursday, the Myanmar government named the 12 shortlisted applicants who can formally bid for two licences up for grabs, eliminating 10 other participants from the tender process. Bids must be submitted by June [...]

Pharma firm invests in new factory Posted: 13 Apr 2013 05:35 PM PDT Sanofi, a French-based pharmaceutical company, has announced a new project worth US$75 million – its biggest investment in Viet Nam so far despite the current economic downturn. Sanofi CEO Chris Viehbacher spoke to Viet Nam News at a local press briefing about the group’s commitment in Viet Nam. Why have you chosen this area of [...]

The bad debt panorama Posted: 13 Apr 2013 05:31 PM PDT The reports from 10 State Bank's local branches showed that Hanoi, HCM City and Da Nang are the localities with the highest bad debt ratios. These are also the localities where the outstanding loans disbursed for the 5 priority business fields (agriculture and rural development, production and export, supporting industries, small and medium enterprises, and [...]

Vinacomin exports 4 million tonnes of coal in Q1 Posted: 13 Apr 2013 05:30 PM PDT The Vietnam National Coal and Internal Industries Group (Vinacomin) sold 10.7 million tonnes of coal in the first quarter of this year, 4 million tonnes of which were exported. The group earned VND24,046 billion in the first quarter, up 6 percent over the same period last year. Of that figure,  VND14,250 billion from coal earnings [...]

Hanoi resolves to improve PCI Posted: 13 Apr 2013 05:27 PM PDT Hanoi is determined to improve its provincial competitiveness index (PCI) this year, in the wake of its sharp drop in 2012. The capital dropped 15 places to number 51 in the 2012 CPI ranking due to complaints about its cumbersome administrative procedures, poor management of the real estate market, lack of adequate support for the [...]

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