The Business Times: Australia assists Vietnam’s wool production

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• Australia assists Vietnam’s wool production
• Lending rate for state investment credit at 11.4pct/yr
• HSBC lowers Vietnam growth forecast
• Farmers increase dragon fruit cultivation despite uncertainty
• Southern farmers celebrate solid winter-spring crop
• Mexican businesses discuss opportunities in Vietnam
• F&B chains resume fighting for retail premises
• Several property projects seek to become budget ones
• Apartment complex project receives construction credit
• Nha Trang int’l sea, island tourism fair underway

Australia assists Vietnam’s wool production Posted: 09 Jun 2013 01:05 AM PDT Woolmark, Australia's leading wool company, will help Vietnam’s garment sector produce wool products to increase its profit and competitiveness. immy Jackson, General Manager at Australian Wool Innovation, made the commitment at a press briefing in Hanoi on June 8, announcing its plan to support the Vietnamese garment sector in developing wool production and supply chains [...] The post Australia assists Vietnam’s wool production appeared first on Vietnam Business News.

Lending rate for state investment credit at 11.4pct/yr Posted: 09 Jun 2013 01:04 AM PDT The Ministry of Finance (MoF) has recently issued a circular regulating the lending interest rate for state investment credit and export credit together with the interest rate difference being calculated for subsidy after investments. Accordingly, the lending interest rate for the state investment credit in dong will be 11.4 percent per year, lower than the [...] The post Lending rate for state investment credit at 11.4pct/yr appeared first on Vietnam Business News.

HSBC lowers Vietnam growth forecast Posted: 09 Jun 2013 01:00 AM PDT HSBC has revised down its forecast of Vietnam's gross domestic product (GDP) growth this year to 5.1 percent from 5.5 percent previously, according to a macroeconomic report the bank released on Tuesday."This is partly a reflection of unexpected weakness in commodity prices, which dragged down agriculture and energy exports, as well as sluggish credit growth," [...] The post HSBC lowers Vietnam growth forecast appeared first on Vietnam Business News.

Farmers increase dragon fruit cultivation despite uncertainty Posted: 09 Jun 2013 12:57 AM PDT Farmers in Chau Thanh District of Long An Province and Cho Gao District of Tien Giang Province have already spent VND810 billion to cultivate more than 2,700 additional hectares of dragon fruit, even though they are not sure of return in profits. Local farmers in the above districts still consider dragon fruit as the most [...] The post Farmers increase dragon fruit cultivation despite uncertainty appeared first on Vietnam Business News.

Southern farmers celebrate solid winter-spring crop Posted: 09 Jun 2013 12:57 AM PDT The southern region has completed its harvesting of the winter-spring rice crop, with an average yield equal to last year’s crop, according to the Ministry of Agriculture and Rural Development. The southern region, which planted more than 1.9 million hectares of rice in the winter-spring crop, has had an average yield of 6.67 tonnes per [...] The post Southern farmers celebrate solid winter-spring crop appeared first on Vietnam Business News.

Mexican businesses discuss opportunities in Vietnam Posted: 09 Jun 2013 12:54 AM PDT Hundreds of Mexican businesses flocked to a seminar on business and investment opportunities in Vietnam , which was held by the Vietnamese Embassy in Mexico and Mexico City Chamber of Commerce, Services, and Tourism (Canaco). Opening the event, Canaco President Ricardo Navarro Benitez hailed Vietnam 's high economic growth rate, saying that the Southeast Asian [...] The post Mexican businesses discuss opportunities in Vietnam appeared first on Vietnam Business News.

F&B chains resume fighting for retail premises Posted: 09 Jun 2013 12:51 AM PDT In the real estate market which seems to be quiet, there is a boisterous fighting among food and beverage (F&B) chains to obtain advantageous retail premises. In the documents prepared for exporters, the New Zealand Trade and Enterprise Organization showed the "golden advantages" of the Vietnamese market – the high population of 80 million people [...] The post F&B chains resume fighting for retail premises appeared first on Vietnam Business News.

Several property projects seek to become budget ones Posted: 08 Jun 2013 09:01 PM PDT Faced with the dampened sentiment on the property market, investors of many high-end apartment projects are applying to convert their projects into low-cost ones and expecting to benefit from the VND30-billion home loan package. Notable projects among those applied to be changed into budget ones are the Hung Dien residential-commercial project invested by Tan Hung [...] The post Several property projects seek to become budget ones appeared first on Vietnam Business News.

Apartment complex project receives construction credit Posted: 08 Jun 2013 09:01 PM PDT The Bank for Investment and Development of Viet Nam on Tuesday granted a credit of VND1.8 trillion (US$86 million) to Duc Khai property company to fulfill the Era Town residential complex in Phu My Ward, District 7 in HCM City. According to the Sai Gon Giai Phong (Liberated Sai Gon) daily, the VND4.7 trillion ($226 [...] The post Apartment complex project receives construction credit appeared first on Vietnam Business News.

Nha Trang int’l sea, island tourism fair underway Posted: 08 Jun 2013 08:54 PM PDT Domestic and foreign visitors are thronging to the first ever Nha Trang-Vietnam International Sea and Islands Tourism Fair that opened in Nha Trang city, central Khanh Hoa province on June 8. Themed "Sea, islands and tourism development", the three-day fair houses 100 stalls of domestic travel agencies, hotels, resorts and airlines from coastal cities and [...] The post Nha Trang int'l sea, island tourism fair underway appeared first on Vietnam Business News.

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