The Business Times: Import-export companies seeking to force dollar interest rates down

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• Import-export companies seeking to force dollar interest rates down
• Small banks look to make bigger waves
• More businesses will die if they’re forced to raise workers’ wages
• VietJetAir’s big Bangkok special
• Tempers raised at Nam Cuong project
• World giants lead Vietnam advertising
• Top 10 importers of Vietnamese seafood in 2012
• Outlook bleak for real estate sector
• Software firm wins $1 million Laos contract to develop network centre
• VLA chairman warns of fiercer competition in logistics

Import-export companies seeking to force dollar interest rates down Posted: 11 May 2013 11:51 PM PDT Importers and exporters have urged the State Bank of Vietnam to slash the dollar interest rates further to 5 percent per annum. A senior executive of the central bank once promised to find the way to force the rates to 4-5 percent. A report of the State Bank of Vietnam showed that since late January, [...]

Small banks look to make bigger waves Posted: 11 May 2013 11:51 PM PDT Small banks are weighing up whether to hike their chartered capital to foster strength. But, whether their plans are feasible in the current context of market vulnerabilities remains an open question. The plan to hike its chartered capital from current VND3 trillion ($143 million) to VND3.7 trillion ($176 million) was once again submitted at NamA [...]

More businesses will die if they’re forced to raise workers’ wages Posted: 11 May 2013 11:49 PM PDT Businesses have voiced their concern over the implementation of the new wage policy. Some of them said they would cut down the labor force to cut down expenses.   The Vietnamese Labor Code taken effects since May 1 stipulates that the minimum wage policy must ensure the income high enough to cover the basic needs [...]

VietJetAir’s big Bangkok special Posted: 11 May 2013 11:46 PM PDT Low-cost carrier VietJetAir is promoting its new Hanoi-Bangkok air route with tickets going for little more than $10. "We are celebrating the upcoming launch of our second international route connecting Bangkok with Hanoi, which will debut on June 1," said Desmond Lin, business development director of VietJetAir. "But we want to share the joy around [...]

Tempers raised at Nam Cuong project Posted: 11 May 2013 11:44 PM PDT More than 60 customers of the Duong Noi residential complex in Hanoi have staged a demonstration to seek direct talks with Nam Cuong, the project developer. The customers complained that they had been forced to receive uncompleted apartments. Pham Ngoc Tien, a home buyer in the project, said he and many other customers were upset [...]

World giants lead Vietnam advertising Posted: 11 May 2013 11:40 PM PDT Vietnamese advertising companies needed to be more professional with an improved attitude to customer services so they could compete with international firms. This opinion was voiced by Do Kim Dung, director of the Vietnam Advertising Research and Training Institute. Vietnam is considered a potential market for the advertising industry, shown by the presence of six [...]

Top 10 importers of Vietnamese seafood in 2012 Posted: 11 May 2013 07:54 PM PDT According to VASEP, in spite of difficulties and obstructions facing Vietnamese fisheries sector, its seafood export turnover in 2012 reached US$6.13 billion, an increase of 0.3 per cent compared to the same period last year. US remained the most important market, accounted for 19.4 per cent of total export turnover. 1. US The US surpassed [...]

Outlook bleak for real estate sector Posted: 11 May 2013 06:36 PM PDT The Vietnamese property market is expected to continue struggling for the rest of 2013, with hopes of a quick rebound looking increasingly unlikely…. Experts at a conference organised by the Viet Nam Investment Review newspaper yesterday urged a re-evaluation of the current market, so that the root causes of the continuing slump could be fully [...]

Software firm wins $1 million Laos contract to develop network centre Posted: 11 May 2013 06:36 PM PDT HA NOI— FPT IS, a subsidiary of software giant FPT, has announced it has won a US$1 million software contract from Lao Telecommunications Company to develop a network operation centre in Laos. To win the contract, FPT IS had to overcome bids by leading telecommunications providers from China and Thailand. The centre is a software [...]

VLA chairman warns of fiercer competition in logistics Posted: 11 May 2013 06:35 PM PDT The chairman of Vietnam Logistics Business Association (VLA) has notified that local logistics firms will have to cope with tougher competition in a very near future when Vietnam opens the market wider for foreign companies as part of the country's further regional and global integration. Do Xuan Quang said foreign companies were currently allowed to [...]

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