Sunday, April 21, 2013

Vietnam Business News

Vietnam Business News


Ministry feels headache at budget revenue shortfall

Posted: 20 Apr 2013 06:06 PM PDT

The Ministry of Finance is facing a hard problem as the danger of central State budget collection shortfall has turned visible whereas local business community is calling for a cut in corporate income tax. Speaking at the press conference on Wednesday, the ministry announced the State budget collection was nearly VND168 trillion in the first [...]

Viettel prepares for investment in Myanmar

Posted: 20 Apr 2013 06:01 PM PDT

Viettel Group will compete with 17 networks providers and seven information technology groups in an international bidding round for a license to supply mobile telecom services in Myanmar. Among bidders, there are big telecom firms like Vodafone from the UK and China Mobile from China. The value of the license has not been revealed but [...]

State Bank warns of devaluation

Posted: 20 Apr 2013 06:00 PM PDT

HA NOI— The Vietnamese dong could be devalued by as much as 2 per cent against the US dollar this year, said Governor of the State Bank of Viet Nam Nguyen Van Binh. Binh made the comment earlier this week at a meeting with leaders of enterprises in the southern province of An Giang, where [...]

March trade deficit jumps

Posted: 20 Apr 2013 06:00 PM PDT

HA NOI — Viet Nam’s trade deficit last month reached US$547 million, increasing 54.3 per cent over February, according to the General Department of Customs. The department’s figures showed that the country’s total trade turnover last month was $22.6 billion, including $11.57 billion worth of imports and $11.03 billion in export value. The General Statistics [...]

Green tourism solutions discussed

Posted: 20 Apr 2013 05:57 PM PDT

A workshop on promoting environmentally friendly tourism opened in Hanoi on April 19 as part of the first Vietnam International Travel Mart 2013. The event aimed to discuss green energy solutions to save power and water in hotels. Most hotels currently spend about 6 percent of their revenue on energy but, by adopting energy saving [...]

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