Vietnam Business News

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• Vietnam lists 9 ODA preferential sectors
• Feasibility report of ninh thuan nuclear power plant to be release in July
• Bibica admits mistake when joining hands with Lotte
• Government thinks too much when rescuing businesses
• WB approves US$202.5 mil to upgrade Da Nang infrastructure
• Two Vietnamese banks honoured by Asian Banker
• Vietnam rate cuts seen likely in anemic economy
• Vietnam keen on international aviation cooperation
• VCCI continues to represent Vietnamese business community
• Institutional reform the most crucial demand

Vietnam lists 9 ODA preferential sectors Posted: 27 Apr 2013 12:04 AM PDT Vietnam's Decree on management and use of ODA which will come into effect on June 6, 2013 listed 9 preferential sectors for ODA access as follows: Developing a modern, big size and comprehensive infrastructure including road infrastructure, urban infrastructure, IT and communication infrastructure and drainage system. Developing social infrastructure such as culture, education, healthcare, vocational, [...]

Feasibility report of ninh thuan nuclear power plant to be release in July Posted: 27 Apr 2013 12:02 AM PDT Feasibility report of Ninh Thuan nuclear power plant will be ready in English in May and submitted to Vietnam government in July, said Yasuaki Tanizaki, Japanese's Ambassador to Vietnam in a meeting held in Hanoi April 25. The Ambassador Yasuaki Tanizaki said the nuclear power plant in Ninh Thuan is the symbol of cooperation between [...]

Bibica admits mistake when joining hands with Lotte Posted: 27 Apr 2013 12:00 AM PDT Truong Phu Chien, General Director of Bibica, a sweets manufacturer, has officially admitted that Bibica made a right move when signing the cooperation contract with Lotte which has exposed its attempt to swallow Bibica. In the interview given to Thoi bao Kinh te Vietnam, Chien said that the cooperation with the South Korean group was [...]

Government thinks too much when rescuing businesses Posted: 27 Apr 2013 12:00 AM PDT The national economy remains very pale, while businesses have died like flies. Meanwhile, the government is still busy with particular calculation when mapping out the solutions to rescue businesses. The government's draft resolution on the measures to support enterprises has not been ratified by the National Assembly's Standing Committee, which said that it was too [...]

WB approves US$202.5 mil to upgrade Da Nang infrastructure Posted: 26 Apr 2013 11:56 PM PDT The World Bank (WB) Board of Directors approved US$ 202.5 million in credit on April 26 to support sustainable development in Da Nang city. The credit is being provided under the Da Nang Sustainable City Development Project to help improve the city's drainage systems, wastewater collection and treatment services, arterial roads and public transportation. The [...]

Two Vietnamese banks honoured by Asian Banker Posted: 26 Apr 2013 11:55 PM PDT The Asian Banker magazine has awarded the prestigious Best Cash Management Bank in Vietnam and Leading Counterparty Bank in Vietnam to the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank). The prizes were announced during the Asian Banker Summit in Jakarta, Indonesia on April 24-25. Established in April 1963, Vietcombank is Vietnam's leading [...]

Vietnam rate cuts seen likely in anemic economy Posted: 26 Apr 2013 07:19 PM PDT Vietnam's flagging economy and slowing inflation has prompted strategists to forecast more interest-rate cuts, which have already driven government bond yields to the lowest in four years. Six of nine economists and bond traders surveyed by Bloomberg News expect a reduction in the central bank's repurchase rate of 50 basis points by the end of [...]

Vietnam keen on international aviation cooperation Posted: 26 Apr 2013 07:14 PM PDT Up to 300 world leading aviation strategists have gathered at a conference to share their experiences with Vietnamese aviation operators to map out action plans for the country's developing aviation logistics sector amid the global economic difficulties. At the April 25 conference jointly held in Ho Chi Minh City by the Vietnam Logistics Association and [...]

VCCI continues to represent Vietnamese business community Posted: 26 Apr 2013 07:12 PM PDT The Vietnam Chamber of Commerce and Industry (VCCI) will continue to serve as the voice of the business community. It will consult on policy development in the hopes of perfecting the socially-oriented market economy and ensuring an equitable, transparent business environment. Deputy Prime Minister Nguyen Thien Nhan stated the above at an April 26 ceremony [...]

Institutional reform the most crucial demand Posted: 26 Apr 2013 07:00 PM PDT  Institutional reform is now an urgent need for Vietnam to overcome the current critical situation, said economists and corporate leaders at a conference held in Hanoi last Thursday. "The greatest challenge for Vietnam is not the economic issue, but the institutional issue. Institutional reform… is the key issue," said Vo Tri Thanh, vice president of [...]

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