Vietnam Business News

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• Foreign investors needed for bad debt settlement: expert
• PM: Better conditions needed to attract investment
• Dak Lak launches third instant coffee mill
• Low-cost homes seen as lifeline for troubled developers
• RoK becomes Vietnam’s major car supplier
• Vietnam is world No. 4 in instant noodle consumption
• Ho Chi Minh City investment flourishes
• Investors make wrong decisions, shopping malls stay deserted
• Experts support USD27-billion oil refinery project
• Gov’t issues new standard form for contracts related to sharing oil and gas production

Foreign investors needed for bad debt settlement: expert Posted: 29 Apr 2013 08:22 PM PDT Policies should be made more liberal for foreign investors to get involved in debt trading, and thus bad debt settlement can be accelerated, said Dr. Le Xuan Nghia, member of the National Advisory Council for Monetary Policy. The scheme on establishment of Vietnam Asset Management Company (VAMC) will be put forward at the next meeting [...]

PM: Better conditions needed to attract investment Posted: 29 Apr 2013 08:14 PM PDT Prime Minister Nguyen Tan Dung has asked ministries, branches and localities to create favourable conditions to attract investment, especially foreign invested and high-tech projects. The Government leader made the request at the cabinet's April meeting that opened in Hanoi on April 26 to review socio-economic development during the first four months of the year, and [...]

Dak Lak launches third instant coffee mill Posted: 29 Apr 2013 08:13 PM PDT Ngon Coffee Ltd. Co. on April 28 put into operation a 100 percent India-invested instant coffee processing plant in Cu Kuin district, the Central Highlands province of Dak Lak . The VND1 trillion plant has a total annum capacity of 10,000 tonnes of coffee products, which are mainly for export. It creates stable jobs for [...]

Low-cost homes seen as lifeline for troubled developers Posted: 29 Apr 2013 08:11 PM PDT Listed realty developers have come up with new business strategies for 2013 including concentrating more on low-cost homes after a year struggling with slackened housing demand. Most property companies are looking to the low-cost home segment in their 2013 strategies as local housing demand is rising. In fact, many firms were able to minimize losses [...]

RoK becomes Vietnam’s major car supplier Posted: 29 Apr 2013 08:07 PM PDT Vietnam imported 3,518 completely-built-units(CBU) from the Republic of Korea in the first quarter of the year, accounting for more than 50 percent of the country's CBU car imports. Though the figure represents a year-on-year decrease of 1.1 percent, the RoK was Vietnam's largest car supplier in the reviewed period, according to the Vietnam Automobile Manufacture's Association [...]

Vietnam is world No. 4 in instant noodle consumption Posted: 29 Apr 2013 08:05 PM PDT Consuming more than 5.1 billion packets of instant noodles in 2012 earned the country fourth place in the global instant noodle consumption rankings. China, Indonesia and Japan are the world's top three consumers of instant noodles. China tops the list with 44 billion packets, followed by Indonesia (14.1 billion) and Japan (5.4 billion). According to [...]

Ho Chi Minh City investment flourishes Posted: 29 Apr 2013 08:04 PM PDT Despite the ongoing domestic and global economic woes, investment in Ho Chi Minh City has shown positive signs of foreign direct investment (FDI) re-growth in the first few months of this year. In late March, the HCM City People's Committee granted an investment license to Sanofi Vietnam One Member Company, Ltd., under the Sanofi Aventis [...]

Investors make wrong decisions, shopping malls stay deserted Posted: 29 Apr 2013 02:18 AM PDT A lot of high end shopping malls have closed down after the failed efforts to drag out their existence. High expectations, big failure When it opened again in September 2011 after it changed its look, Hang Da Galleria was believed to become an ideal place for merchants to gather in a market, and for people [...]

Experts support USD27-billion oil refinery project Posted: 29 Apr 2013 02:15 AM PDT Economists and authorities of Binh Dinh Province have supported the implementation of a USD27-billion oil refinery and petrochemical project despite strong opposition from PetroVietnam. PTT Public Company Limited (PTT) will carry out the project on a 2,000-ha site. The plant is expected to produce 660,000 crude oil barrels per day. Forty five percent of the [...]

Gov’t issues new standard form for contracts related to sharing oil and gas production Posted: 29 Apr 2013 02:11 AM PDT Government issues new standard form for contracts related to sharing oil and gas production On 22 April 2013, the Government issued Decree No 33/2013/ND-CP promulgating a Contract Form for oil and gas production sharing contracts. Accordingly, this Decree promulgates a standard form for production sharing contracts that shall be complied with. The Viet Nam National [...]

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