The Business Times: Coal export tax will be raised to 13 per cent

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• Coal export tax will be raised to 13 per cent
• Vietnam central bank to import over 30 tons of gold in 2013
• HCMC: 40/3000 firms licensed for jewelry gold production ytd
• Vietnam government asks C.bank to run & adjust operation of VAMC simultaneously
• Agribank appointed as serving bank for phase 2 of second upper secondary education development project
• Techcombank appointed as serving bank for project preparation and startup support facility
• Vietnam central bank delays new debt classification regulations until june 1 2014
• Falling CPI reflecting diminishing purchasing
• Tax policies encourage manufacturers to make small, low cost cars
• Report fuels growth concerns

Coal export tax will be raised to 13 per cent Posted: 27 May 2013 11:03 PM PDT HA NOI (VNS)– The Ministry of Finance late last week issued Circular 71/2013/TT-BTC amending the export tax on coal (Code 27.01 and Code 27.04) in the export tax list. Under the circular, export tax on fossil coal, briquette, ovoid coal and solid material made from fossil coal, coke coal and half-coke coal refined from fossil [...]

Vietnam central bank to import over 30 tons of gold in 2013 Posted: 27 May 2013 10:58 PM PDT The State Bank of Vietnam (SBV) is expected to sell over 30 tons of gold this year and import the same volume to offset local banks' gold position, the local newswire TTVN.vn reported. The Saigon Times quoted its private source from the central bank as saying that domestic lenders still need around 10 tons of [...]

HCMC: 40/3000 firms licensed for jewelry gold production ytd Posted: 27 May 2013 10:58 PM PDT According to the central bank's branch in Ho Chi Minh City, only 40 out of 3,000 gold firms have been granted license to produce jewelry gold, the local newswire Cafef.vn reported. May 25 this year is the deadline for thousands of gold shops to complete the re-application for the business licenses under Decree 24 of [...]

Vietnam government asks C.bank to run & adjust operation of VAMC simultaneously Posted: 27 May 2013 10:57 PM PDT The local government has asked the State Bank of Vietnam (SBV) to run the asset management company (VAMC) and adjust its operation in the meantime, the local newswire Gafin.vn reported. On May 18, the government approved the establishment of the VAMC [scheduled to come into life from early July]. The vehicle is expected to speed [...]

Agribank appointed as serving bank for phase 2 of second upper secondary education development project Posted: 27 May 2013 10:57 PM PDT The State Bank of Vietnam (SBV) appointed Agribank as the serving bank for Phase 2 of the Second Upper Secondary Education Development Project. The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1165/QĐ-NHNN on May 23 to appoint the Vietnam Bank for Agriculture and Rural Development (Agribank) as the serving bank for [...]

Techcombank appointed as serving bank for project preparation and startup support facility Posted: 27 May 2013 10:57 PM PDT The SBV appointed Techcombank as the serving bank for the "Project Preparation and Startup Support Facility". The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1164/QĐ-NHNN on May 23 to appoint the Vietnam Technological and Commercial Joint- Stock Bank (Techcombank) as the serving bank for the "Project Preparation and Startup Support Facility" [...]

Vietnam central bank delays new debt classification regulations until june 1 2014 Posted: 27 May 2013 10:57 PM PDT The State Bank of Vietnam (SBV) officially announced to delay the application of stricter regulations on classifying and making provisions for bad debts by one year until June 1, 2014. The move is expected to aid local firms in accessing bank loans; thereby helping them overcome their current issues. The circular, previously scheduled to come [...]

Falling CPI reflecting diminishing purchasing Posted: 27 May 2013 10:48 PM PDT Vietnam's consumer price index has dropped for the second time in this year's first five months. But does that number reflect a success of the government's inflation-control policy? Or perhaps simply the feeble purchasing power in hard times? The Ministry of Planning and Investment (MPI) last week trumpeted that Vietnam's consumer price index (CPI) – [...]

Tax policies encourage manufacturers to make small, low cost cars Posted: 27 May 2013 10:47 PM PDT Automobile manufacturers have successively launched the car models with the cylinder capacity of less than 2.0L, hoping the models would help stimulate the demand. General Motor Vietnam has launched Chevrolet Spark 1.0L model with a very competitive price of VND377 million. Hyundai Thanh Cong has introduced Elantra which has the selling prices of VND699 million [...]

Report fuels growth concerns Posted: 27 May 2013 10:45 PM PDT The country’s maximum economic growth would be 5.35 percent this year, according to the Vietnam Annual Economic Report 2013 that was unveiled in Hanoi on May 27. The report, compiled by the Vietnam Centre for Economic Policy Research (VEPR), said the country’s economic growth this year would go two ways. In the first scenario, economic [...]

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