The Business Times: Telcos told to improve service

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• Telcos told to improve service
• Budget house program not to bear fruit until 2015
• Top shrimp exporter to delist
• Cashew industry faces crunch
• State Bank decides to cut management interest rates
• New regulations set on foreign retail network expansion
• Vietnam found six key industries to gather strength on
• Bank merger talks continue
• High-quality fibre plant begins operation
• Second Mekong Resources Forum opens

Telcos told to improve service Posted: 10 May 2013 10:45 PM PDT HA NOI — Mobile operators have been instructed to increase the quality of the services they provide after an industry survey revealed that 45 per cent of 3G subscribers were dissatisfied with service quality. The survey was carried out by the Viet Nam Post and Telecom newspapers and international market researcher Nielsen in Ha Noi, [...]

Budget house program not to bear fruit until 2015 Posted: 10 May 2013 10:42 PM PDT Home buyers with low incomes will be able to buy low-cost apartments but may wait two more years due to the time-consuming process of converting commercial condos into budget homes under the social housing program. There have been 24 commercial housing projects registered for conversion into low-cost ones since the year's beginning with nearly 25,000 [...]

Top shrimp exporter to delist Posted: 10 May 2013 10:38 PM PDT HA NOI— Shrimp processor and exporter Minh Phu (MPC), Viet Nam’s biggest shrimp company, plans to delist its shares in order to charge higher prices for them. “Listing is meant to raise funds, but for us it’s like being caged,” Minh Phu chairman Le Van Quang told the Saigon Economic Times. The shrimp industry’s troubles [...]

Cashew industry faces crunch Posted: 10 May 2013 10:35 PM PDT HCM CITY  – Cashew processors and exporters are facing problems like short supply, high raw material prices, and falling export prices, Thoi bao kinh doanh newspaper reported. This year’s cashew harvest was completed last month, with the Ministry of Agriculture and Rural Development saying output was down 20-50 per cent from a year ago due [...]

State Bank decides to cut management interest rates Posted: 10 May 2013 10:32 PM PDT The State Bank of Viet Nam (SBV) has decided to cut interest rates used as management tools by 1 percentage point. The change, Deputy Governor Nguyen Dong Tien said, would take effect next Monday. He told a press conference at the SBV headquarters yesterday that the bank had revised the refinancing rate to 7 per [...]

New regulations set on foreign retail network expansion Posted: 10 May 2013 10:26 PM PDT Foreign retailers will have to do Economic Needs Test (ENT) on the basis of the population density of a district rather than a city or province when they want to open the second outlet onwards. This is one of the new regulations given in Circular 08/2013 on trading activities of foreign-invested enterprises released by the [...]

Vietnam found six key industries to gather strength on Posted: 10 May 2013 10:25 PM PDT Six industries including consumer electrics/electronics, food processing, ship building, agriculture machinery, environment and energy saving, automobile/car part manufacturing have been defined as the six key industries which would receive the special support to develop within the framework of the Vietnam – Japan cooperation program.   Nguyen Thi Tue Anh, Head of the Business Environment and [...]

Bank merger talks continue Posted: 10 May 2013 10:15 PM PDT DONG NAI — A possible merger between HCM City Development Bank and DaiABank revealed two weeks ago was ignored at DaiABank’s annual shareholder meeting yesterday. Only 52 per cent of shareholders attended the function in southern Bien Hoa City, but major shareholders were noticeable by their absence. Talks are expected to re-open on May 29, [...]

High-quality fibre plant begins operation Posted: 10 May 2013 06:28 PM PDT Kyung Bang Vietnam Co. Ltd's high-quality cotton fibre plant officially entered operation on May 10 in the southern province of Binh Duong. With investment totalling US$ 40 million for the first phase, and covering an area of 163,500sq.m, the plant has the capacity to produce 6,600 tonnes of fibre per year and employs around 300 [...]

Second Mekong Resources Forum opens Posted: 10 May 2013 06:25 PM PDT The second Mekong Resources Forum on investment cooperation and the sustainable development of the Greater Mekong Sub-Region (GMS) – was held in the northern province of Vinh Phuc on May 10. Vu Van Chung, representing the Ministry of Planning and Investment's Foreign Investment Department, said Vietnam attaches great importance to sustainable development. The Vietnamese government [...]

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