The Business Times: Vietnamese rep.office opens in Emilia – Romagna

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• Vietnamese rep.office opens in Emilia – Romagna
• Int’l jewelry and watch exhibition in HCM City
• Timber exports in 2013
• Textile shareholders break out the champagne
• City projects seek investors
• $270 mln plan proposed for airport near Mui Ne beach
• IMF cuts Vietnam’s 2013-14 growth forecasts
• Deposit interest rates vary between domestic banks
• World bank to continue supporting Vietnam
• Bac Ninh attracts more foreign-invested projects

Vietnamese rep.office opens in Emilia – Romagna Posted: 09 May 2013 01:03 AM PDT A Vietnamese representative office officially opened in Emilia-Romagna (Italy) on May 8 to help boost Vietnam's economic cooperation with the region and Italy as a whole. Ambassador to Italy Nguyen Hoang Long said the office will create the best possible conditions for Italian and Vietnamese to increase cooperation and investment. At a business forum entitled [...]

Int’l jewelry and watch exhibition in HCM City Posted: 09 May 2013 01:03 AM PDT The 10th International Jewelry and Watch Vietnam (10th IJV) will be held at the Tan Binh Exhibition and Convention Centre in Ho Chi Minh City from  May 9-12, 2013. The event, co-organised by Vietcham Expo and the World Trade Fair International Ltd Company in Hong Kong (China), is expected to attract more than 30 domestic and foreign [...]

Timber exports in 2013 Posted: 09 May 2013 12:59 AM PDT There are promising signs that timber exports will further pick up this year. With timber exports in the first quarter of 2013 reaching US$1.18 billion, up 16.5 percent compared to the same period last year, Vietnam currently ranks sixth in the world, second in Asia and first in Southeast Asia. Among Vietnam's major importers, the [...]

Textile shareholders break out the champagne Posted: 09 May 2013 12:57 AM PDT Textile and garment sector shareholders are happy with a solid dividend payment amid continuing economic hardships. When shareholders of many building material production companies were disappointed with firms' low business efficiency and their inability to meet dividend payments, those at many textile garment firms were happy with these firms' upbeat business results and high dividend [...]

City projects seek investors Posted: 09 May 2013 12:54 AM PDT City authorities are calling for investment in dozens of projects in HCM City’s Thu Thiem new urban area, which is expected to be a major international financial-commercial centre by 2020. Construction on the main infrastructure of the new urban area, which covers 657 ha in District 2, began on April 26 by the Thu Thiem [...]

$270 mln plan proposed for airport near Mui Ne beach Posted: 09 May 2013 12:51 AM PDT The coastal province of Binh Thuan's government has proposed setting up a new airport near its famous Mui Ne beach. The province has worked with officials from the ministries of national defence and transport on the details of the plan that will be submitted to the Minister of National Defence and the Prime Minister for [...]

IMF cuts Vietnam’s 2013-14 growth forecasts Posted: 09 May 2013 12:51 AM PDT The International Monetary Fund has lowered the forecasts for Vietnam's GDP growth in its latest World Economic Outlook report released late last month. The half-yearly publication, released on April 29 and titled "Hopes, Realities, and Risks," said the country's GDP would rise by 5.2 percent in 2013, a 0.6 percentage point cut from the last [...]

Deposit interest rates vary between domestic banks Posted: 09 May 2013 12:44 AM PDT HA NOI— Interest rates haven’t shown significant changes since Vietcombank’s rate cuts, but they have revealed the sharper rate difference among the banks. Vietcombank on Monday slashed its deposit rates by up to 1 percentage point, a move its general director Nguyen Phuoc Thanh said was to re-organise capital sources, stimulate consumption and help lower [...]

World bank to continue supporting Vietnam Posted: 09 May 2013 12:44 AM PDT The World Bank will continue to provide Vietnam with support as much as possible, WB East Asia and Pacific Regional Vice President Axel van Trotsenburg told Vietnamese Prime Minister Nguyen Tan Dung at a meeting in Hanoi on Tuesday. The WB official is in Vietnam for his three-day visit that will end on Thursday. At [...]

Bac Ninh attracts more foreign-invested projects Posted: 09 May 2013 12:43 AM PDT BAC NINH— The northern province of Bac Ninh last month granted licences to 11 new foreign-invested projects with a total registered capital of US$18.3 million, local authorities said. This brought the number of licensed projects in the province over the past four months to a total of 36. They are worth a combined capital of [...]

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