The Business Times: Only 16 SOEs equitised from 2012 to March 2013

---

• Only 16 SOEs equitised from 2012 to March 2013
• Vietnam operators told to improve 3g service quality
• Domestic rice exports hit $1 billion
• Buildbank takes shape, raises controversy
• State Bank tries to keep gold bidding price high?
• Vietnam to cut corporate tax to 22 pct
• Demand for government bonds to fall
• Banks warned about risks of lending to large-scale enterprises
• Lending rates remain stubborn
• Hai Duong attracts $3 billion in FDI

Only 16 SOEs equitised from 2012 to March 2013 Posted: 21 May 2013 09:22 PM PDT It is the most updated information about the equitisation process of state owned enterprises (SOEs) in Vietnam, which was included in a report of the Agency for Enterprise Development under the Ministry of Planning and Investment (MPI) published in conference “Sharing experiences in completing criteria for classification and categorization of state owned enterprises” today. The [...]

Vietnam operators told to improve 3g service quality Posted: 21 May 2013 09:22 PM PDT Vietnamese mobile operators have been instructed to improve the quality of services after an industry survey revealed that 45 percent of 3G subscribers were dissatisfied with service quality, writes VNS. The survey was carried out by the Viet Nam Post and Telecom newspapers and international market researcher Nielsen in Ha Noi, HCM City and Da Nang. Speaking [...]

Domestic rice exports hit $1 billion Posted: 21 May 2013 09:20 PM PDT HA NOI (VNS)— Viet Nam exported 2,385 million tonnes of rice by the middle of this month, reaching a revenue of more than US$1 billion so far this year, said the Viet Nam Food Association (VFA). The figures have the country meeting 30 per cent of its rice export targets, which are set at 7.5 [...]

Buildbank takes shape, raises controversy Posted: 21 May 2013 09:18 PM PDT Buildbank, the commercial bank which aims to mobilize capital and lend money in the real estate and construction sector, has been formed up.   In 2012, the Ministry of Construction sent a dispatch to the State Bank of Vietnam, requesting the watchdog agency to consider the proposal of the Vietnam Real Estate Association on the [...]

State Bank tries to keep gold bidding price high? Posted: 21 May 2013 09:17 PM PDT The high pricing policy allows preventing gold price fever attacks. The State Bank has the right and the power to maintain the high prices for gold bidding sessions because of the monopoly mechanism, under which the seller can define the prices. The high price has also been attributed to the high prices of material imports [...]

Vietnam to cut corporate tax to 22 pct Posted: 21 May 2013 04:55 PM PDT The government plans to cut corporate income tax to 22 percent from the current 25 percent next year to stimulate investment and production amid the ongoing economic downturn, Deputy Prime Minister Vu Van Ninh told lawmakers Monday. Ninh was speaking at the National Assembly, Vietmam’s legislature, about a bill to amend the Corporate Income Tax [...]

Demand for government bonds to fall Posted: 21 May 2013 04:55 PM PDT HCMC – Demand for government bonds will be on the downtrend as credit growth is changing for the better, while the annual coupon of this debt paper is no longer as lucrative as before, Bao Viet Securities Company (BVSC) forecasts. "We suppose that demand for investment in government bonds will fall gradually as credit activities [...]

Banks warned about risks of lending to large-scale enterprises Posted: 21 May 2013 04:54 PM PDT While banks often hunt for or prioritise large-scale businesses for lending, one expert said they should be more careful to prevent possible risks. Pham Thi Thu Hang, General Secretary of the Vietnam Chamber of Commerce and Industry (VCCI) said at a seminar on the issue on May 20 that the rates of equity on loans [...]

Lending rates remain stubborn Posted: 21 May 2013 04:54 PM PDT Joint stock banks' lending rates have yet to be relaxed a week after the State Bank's base interest rate cut.  "We still suffer 16.5 per cent, per year lending rates on our old loans from last year. Banks said they could only slash the rate to new short-term loans, whereas that of old loans could [...]

Hai Duong attracts $3 billion in FDI Posted: 21 May 2013 04:49 PM PDT Industrial parks (IPs) in the northern province of Hai Duong have attracted 163 projects invested by 30 countries and territories around the world, with total registered capital of $3 billion. The figure was released at a ceremony in Hai Duong on May 13 to mark the 10th anniversary of the establishment of the province's IPs [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610