Thursday, April 25, 2013

Vietnam Business News

Vietnam Business News

Why Vietnam wage reform delayed?

Posted: 24 Apr 2013 07:45 PM PDT

“The goals of the salary reform scheme cannot be achieved right now because the current staffing of the state remains overcrowded,” After several times of delays, the salary reform scheme of the Government cannot be submitted to the upcoming Central Party Conference again. Talking to VietNamNet Bridge about the cause of this delay, vice chairman [...]

Vietnam urges conclusion of tpp negotiations

Posted: 24 Apr 2013 07:44 PM PDT

Vietnam will create conditions for the Trans-Pacific Partnership (TPP) negotiations to take place smoothly and achieve expected outcomes soon, said President Truong Tan Sang. Sang made the statement when he had a meeting with the Acting Trade Representative of the US, Ambassador Demetrios James Marantis in Hanoi on April 23. During their talk, both sides [...]

Three-year bond rate falls 12 basis points

Posted: 24 Apr 2013 07:40 PM PDT

In good economic news, the State Treasury successfully auctioned Government bonds with a total face value of VND4.5 trillion ($216 million) through the Hanoi Stock Exchange (HNX) on April 22 at a substantially reduced interest rate. A HNX report shows that the State Treasury issued VND1.5 trillion ($72 million) worth of two-year bonds at an [...]

Capital industrial production soars

Posted: 24 Apr 2013 07:29 PM PDT

Hanoi's index of industrial production (IIP) this month increased 7.8 percent over last month, and rose 12.1 percent compared with the corresponding period last year, the General Statistics Office (GSO) have announced. The figures released by the office show that most industrial sectors saw IIP increase on the previous month. The exceptions were the weaving [...]

Vietnamese small businesses cannot grow up

Posted: 24 Apr 2013 07:28 PM PDT

Vietnam lacks the medium size businesses which can act as the bridge connecting enterprises and join the global supply chain. The recently released report of the Central Institute for Economic Management (CIEM) showed that in 2009-2011, only 31 small and tiny enterprises grew up into medium scaled enterprises, while 133 small and medium enterprises turned [...]

Solving the paradox in agriculture

Posted: 24 Apr 2013 07:26 PM PDT

VietNamNet Bridge – Given that all the stages of the agricultural production chain are “problematic,” from policy to farmers and enterprises to export markets, Professor Vo Tong Xuan discuss solutions to restructure it. Professor Vo Tong Xuan said: I would like to tell this story. About 15 years ago, a U.S. rice trading company cooperated [...]

Construction exhibition attracts businesses

Posted: 24 Apr 2013 03:46 AM PDT

Nearly 270 domestic and foreign businesses are showcasing building materials and technologies at an exhibition which opened in the central city of Danang on April 24. The construction, building materials, interior-exterior decoration, and real estate exhibition (Vietbuild 2013) introduces visitors to the construction sector's latest technologies and environmentally friendly products. The five-day event will include workshops on the [...]

Vietnam earns over US$760 mln from rice exports

Posted: 24 Apr 2013 03:44 AM PDT

Vietnam has so far this year raked in more than US$760 million from exporting over 73 million tonnes of rice, according to the Vietnam Food Association (VFA). Currently, the rice price in the Mekong Delta, the country's largest granary, continues to drop VND100 (about US$0.05) a kilo compared to the last week's figure. Prices of dry [...]

HCM City targets exports jump

Posted: 24 Apr 2013 03:43 AM PDT

The municipal Department of Industry and Trade says HMC City targets export revenues of US$34 billion this year, a year-on-year increase of 13.5 percent. Excluding crude oil, export revenues are expected to reach US$24.2 billion, up by more than 12 percent over previous year. A Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) report [...]

State Bank faces interest rate dilemma

Posted: 24 Apr 2013 03:41 AM PDT

The State Bank of Viet Nam plans to maintain the current deposit interest-rate cap to ensure stability on the market. However, many domestic enterprises want the central bank to set a cap on the lending interest rate so they can access more bank loan In late December, the central bank cut the deposit interest rate [...]
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