The Business Times: Gov’t urged to provide credit fund support

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• Gov’t urged to provide credit fund support
• Capital city faces tax collection difficulties
• Australian businesses encouraged to invest in Vietnam
• Vietnam begins its UAV era
• Vietnam seeks France’s nuclear power technology
• Vietnam wins the coffee battle by using laws
• Mekong Delta pins hope on bumper rice crop
• DPM Nhan to join int’l conference on Asian future
• Promotions focus on city’s SMEs
• Vietnam told to beware of the “oil refinery movement”

Gov’t urged to provide credit fund support Posted: 25 May 2013 12:29 AM PDT The Government should enable people’s credit funds to offer cheap credit services so that they can compete with commercial banks and develop sustainably, a conference heard on Thursday. The people’s credit-fund system has helped provide credit services to people in rural and remote areas who have difficulty accessing commercial bank services, said Tran Quang Khanh, [...]

Capital city faces tax collection difficulties Posted: 25 May 2013 12:29 AM PDT HA NOI (VNS)— Capital city authorities are facing a tax shortfall from local businesses, especially in real estate, as the country continues to battle the global economic downturn, according to the Ha Noi Taxation Department. As of May, the city tax department had collected VND1.873 billion (US$89 million) in land use tax, just 61 per [...]

Australian businesses encouraged to invest in Vietnam Posted: 25 May 2013 12:26 AM PDT Vietnam hopes the Australian House of Representatives under the leadership of Speaker Anna Burke will pave the way for Australian businesses to pour investment into Vietnam and Ho Chi Minh City in particular. Secretary of the Ho Chi Minh City Party Committee Le Thanh Hai made the suggestion while receiving the visiting Speaker of the [...]

Vietnam begins its UAV era Posted: 25 May 2013 12:24 AM PDT  Vietnam has announced it has succeeded in manufacturing unmanned aerial vehicles (UAV) which would be put into both civil and military services. The country is also seeking foreign supply sources. On May 3, 2013, on the Hoa Lac flight testing site, the Vietnam Academy of Science and Technology successfully organized the test flights of 3 [...]

Vietnam seeks France’s nuclear power technology Posted: 25 May 2013 12:22 AM PDT Vietnam wants to closely cooperate with France in developing its nuclear power projects. Minister of Industry and Trade Vu Huy Hoang expressed his hope at a working session with former French Prime Minister Dominique de Villepin, who visited Hanoi recently. France is a leading nuclear power producer in the world and Vietnam hopes to learn [...]

Vietnam wins the coffee battle by using laws Posted: 25 May 2013 12:21 AM PDT From June 7, foreign invested enterprises would lose the right to collect coffee directly from farmers. It's clear that by laying down the policy, the state aims to protect domestic companies. However, the policy may harm farmers. According to the Ministry of Industry and Trade, foreign invested enterprises (FIEs) now collect up to 60-70 percent [...]

Mekong Delta pins hope on bumper rice crop Posted: 25 May 2013 12:17 AM PDT The Mekong Delta's total rice output is expected to reach 9.3 million tonnes in the 2013 summer-autumn crop, said the Ministry of Agriculture and Rural Development (MARD) at a conference in Can Tho city on May 23. The region also targets more than 4.6 million tonnes of husked rice, including 3.1 million tonnes for trade, [...]

DPM Nhan to join int’l conference on Asian future Posted: 25 May 2013 12:16 AM PDT Deputy PM Nguyen Thien Nhan is scheduled to participate in the 19th International Conference on the Future of Asia in Tokyo, Japan from May 22-25. The Deputy PM will be accompanied by Vietnamese Ambassador to Japan Doan Xuan Hung, Vice Chairman of the Government Office Nguyen Khac Dinh, Deputy Foreign Minister Nguyen Phuong Nga, Deputy [...]

Promotions focus on city’s SMEs Posted: 25 May 2013 12:14 AM PDT The capital city plans to launch major promotional activities to stimulate consumer demand for products from small and medium-sized businesses (SMEs). A conference here yesterday was told that the Government would spend VND3 billion (US$140,000), including about VND1.2 billion from its budget, on the promotions. The small businesses operate in the fields of food, beverage, [...]

Vietnam told to beware of the “oil refinery movement” Posted: 24 May 2013 07:38 PM PDT  Ninety percent of the source of income of the Quang Ngai province comes from the Dung Quat Economic Zone which is comprised of an oil refinery. This explains why many other localities in the central region dream of having such refineries. According to an expert from PetroVietnam's Oil and Gas Research Institute, building oil refineries [...]

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