The Business Times: Vietnam equitizes ports, trying to call for private investment

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• Vietnam equitizes ports, trying to call for private investment
• No quick fix for low-cost housing
• Insight: As economy flounders, Vietnam banks on debt cleanup
• How big is Vietnam’s public debt, $128.9 or $66.8 billion?
• Economic restructuring not up to expectations
• Vietnam pays heavy price for uncontrolled gold mobilization
• Vietnam’s PMI sees slight growth in early Q2
• Enterprises seek funds to bid for gold
• Economic downturn doesn’t dissuade developer Aeon
• Vietnam sells VND81.899Tln government bonds in 4M/2013

Vietnam equitizes ports, trying to call for private investment Posted: 03 May 2013 07:51 PM PDT Vietnam plans to equitize some first class ports including Hai Phong, Da Nang, Quang Ninh, Saigon and Quy Nhon, a part of the program to call for private investment into the infrastructure development.  A series of ports to be equitized It is expected that 3 ports of Quy Nhon, Da Nang and Hai Phong would [...]

No quick fix for low-cost housing Posted: 03 May 2013 07:46 PM PDT HCM CITY — The Ministry of Construction’s proposal to allow housing developers to convert commercial housing projects into low-income housing could benefit both the firms and low income earners, but the conversion would not be an easy task, according to analysts. The ministry’s Circular No 02 that took effect on April 22 provides guidelines for [...]

Insight: As economy flounders, Vietnam banks on debt cleanup Posted: 03 May 2013 07:46 PM PDT When Nguyen Manh Hung’s furniture company Phuc Luc was bustling, orders flew in from wealthy Vietnamese who sought his hand-crafted beds, cabinets and tables, netting him $25,000 a month after costs and wages for 35 staff. Two years later, hurt by the slump in Vietnam’s economy, business in his Hanoi shop is crumbling. Hung is hemorrhaging about $4,000 [...]

How big is Vietnam’s public debt, $128.9 or $66.8 billion? Posted: 03 May 2013 07:43 PM PDT The economic development model which relies much on the investment capital increase is believed to be the "culprit" that causes the high public debt. Foreign institutions say $128.9 billion, Vietnam says $66.8 billion Dr. Nguyen Trong Hau from Almammer University in Poland, citing the calculations of the UN experts, said that Vietnam's total public debt [...]

Economic restructuring not up to expectations Posted: 03 May 2013 07:41 PM PDT After a year of economic restructuring, Viet Nam still faces grave problems including high inventory, bad debt and falling purchasing power. Representatives from the Ministry of Planning and Investment acknowledged that the economic restructuring process had failed to meet expectations during a meeting last week held by the NA Economics Committee. In response, deputies emphasised [...]

Vietnam pays heavy price for uncontrolled gold mobilization Posted: 03 May 2013 07:39 PM PDT For a long time, commercial banks absorbed in mobilizing gold and lending in gold, and selling the mobilized gold for money to lend for higher interest rates. The spontaneous activities have generated big consequences that will take a long time to settle. Serial mistakes made A senior official of the State Bank said that the [...]

Vietnam’s PMI sees slight growth in early Q2 Posted: 03 May 2013 07:36 PM PDT The Purchasing Managers' Index (PMI) of Vietnam's manufacturing sector posted 51 points in April, up slightly from 50.8 a month ago, signalling improvements in operating conditions for the first time in almost two years. The figure was released by the Hong Kong and Shanghai Banking Corporation (HSBC) in its recent report on Vietnam 's PMI [...]

Enterprises seek funds to bid for gold Posted: 03 May 2013 07:00 PM PDT HCMC – The Vietnam Gold Business Association has written to the State Bank of Vietnam (SBV), proposing loans for enterprises to buy gold via auctions. SBV has specified the minimum gold volume to bid for is 1,000 taels, requiring bidders to have abundant working capital. However, gold trading businesses are not as financially strong as [...]

Economic downturn doesn’t dissuade developer Aeon Posted: 03 May 2013 04:54 AM PDT Aeon, Japan's leading retail developer, will start construction of its first project in Hanoi within the next few months, and it is considering developing two more shopping venues in the capital city to catch the potential market expansion. The first project in Hanoi, called AeonMall Long Bien, is located in Long Bien district, about 15 [...]

Vietnam sells VND81.899Tln government bonds in 4M/2013 Posted: 03 May 2013 04:47 AM PDT Vietnam sold a combined VND81.899 trillion worth of government and government-guaranteed bonds in the first four months of this year, meeting 39.3% of 2013's plan and rising 35.1% over the same period in 2012. In details, Vietnam mobilized VND67.924 trillion from the sale of government bonds, fulfilling 45.3% of full-year target and increasing 179.62% on [...]

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