Sunday, June 9, 2013

The Business Times: Australia assists Vietnam’s wool production

The Business Times: Australia assists Vietnam’s wool production

Link to Vietnam Business News

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 [...]

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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 [...]

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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," [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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