The Business Times: Copyrighted software promotes growth: research

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• Copyrighted software promotes growth: research
• Heat goes on builders
• Five-month FDI hits US$8.5 billion
• Vietnam considers equitizing sea ports
• Would TPP be good or bad to Vietnam’s agriculture?
• Rubber companies in despair as price falls
• A tough road ahead for Nhon Hoi oil refinery
• Rice stockpile policy harvests all-round gains
• Agricultural exports hit US$10.7 billion
• Finance Minister committed to effective budget spending

Copyrighted software promotes growth: research Posted: 25 May 2013 11:00 PM PDT Each 1% increase in the number of copyrighted software will generate an extra US$50 million for Vietnam, says a research project conducted by the Software Alliance (BSA) in collaboration with the U.S.-based business school INSEAD. The research, whose results were published on Tuesday, is to prove that the extensive use of copyrighted software is meaningful [...]

Heat goes on builders Posted: 25 May 2013 10:58 PM PDT A tough, new anti-fire law is to put the heat on property developers. The draft law's Article 23 states that high buildings, underground and natural minerals exploitation projects, and steel-framed and iron sheet-roofed houses must have solutions to prevent fire, smoke congestion and toxic gas. Importantly, all projects must be equipped with fire-detecting automatic systems. [...]

Five-month FDI hits US$8.5 billion Posted: 25 May 2013 10:55 PM PDT (VOV) – Vietnam has so far this year attracted US$8.517 billion in newly registered and additional FDI capital, up 8.9 percent over the same period last year. Of the total, US$5.091 billion came from 398 newly licensed projects, up 5.8 percent, and US$3.426 billion was worth of additional capital from 160 operational projects, up 14 [...]

Vietnam considers equitizing sea ports Posted: 25 May 2013 10:50 PM PDT From now to 2014, the first-class stated owned ports — namely Hai Phong, Da Nang, Quang Ninh, Saigon and Quy Nhon would undergo the equitization process, during which 25-49 percent of the state's capital would be sold. In mid March 2013, the Vietnam National Shipping Lines (Vinalines) decided that Quy Nhon would be the first [...]

Would TPP be good or bad to Vietnam’s agriculture? Posted: 25 May 2013 10:48 PM PDT The Trans Pacific Partnership (TPP) agreement is believed to bring the golden opportunity to change the look of the agriculture, in which 70 percent of Vietnamese get involved. The Vietnam-US two-way trade turnover has increased rapidly over the last decade from $2 billion in 2001 to $26 in 2012. In that year, the two-way trade [...]

Rubber companies in despair as price falls Posted: 25 May 2013 10:46 PM PDT As rubber companies totally depend on export price, they are likely to fail in achieving their business targets for this year, with rubber prices currently at their lowest. Losing trend in the global rubber market started from 2012, mainly caused by the economic crisis, especially the sovereign-debt crisis in Europe which urged these countries to [...]

A tough road ahead for Nhon Hoi oil refinery Posted: 25 May 2013 05:58 PM PDT  Experts say they are not quite sure about the feasibility of the Nhon Hoi oil refinery when asked about the prospect of the project. According to international consultancy firms, nowadays, when the profit from oil refinery in the world and in South East Asia is low, the oil refinery projects in Vietnam would be feasible [...]

Rice stockpile policy harvests all-round gains Posted: 25 May 2013 05:56 PM PDT The Government purchased one million tonnes of winter-spring rice from February 20 to May 20 for temporary stockpiling in the Mekong Delta. The Government also covered 100 per cent interest rate on loans for businesses to buy rice for a three-month term. However, experts are calling for a new mechanism that could create incentives for [...]

Agricultural exports hit US$10.7 billion Posted: 25 May 2013 05:54 PM PDT Agro-forestry and fishery exports fetched nearly US$2.2 billion in May, bringing their total five-month export earnings to US$10.7 billion, down 4.6% from a year ago. In five months, the fishery sector raked in US$2.2 billion from exports, a year-on-year decrease of 5.6%. The US, Japan and the Republic of Korea, which are Vietnam's leading seafood [...]

Finance Minister committed to effective budget spending Posted: 25 May 2013 05:52 PM PDT Newly elected Finance Minister Dinh Tien Dung has vowed to reduce spending on unfeasible projects and focus on solutions for preventing revenue losses. Dung, who was elected by the National Assembly on May 24 to succeed Vuong Dinh Hue, told the media that he will pursue a tight financial policy to help the country stabilise its [...]

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