The Business Times: Shrimp exports to US subject to two unreasonable duties

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• Shrimp exports to US subject to two unreasonable duties
• Mekong Delta region exports 237,000 tonnes of tra fish
• Japan investors from Thailand want to enter Vietnam
• Vietnam willing to faciliate Singaporean investment
• Property sales rule draws criticism
• House buyers long for cheap loans while banks hesitate
• Excess cement prompts production check
• Insiders concerned as fuel giant subject to favored aid
• WB approves 250 million USD credits for Vietnam
• Hanoi targets 8.5-9.45 pct growth in second half

Shrimp exports to US subject to two unreasonable duties Posted: 01 Jun 2013 06:33 PM PDT The Vietnam Association of Seafood Exporters and Processors (VASEP) has urged the US Department of Commerce (DOC) to reconsider its preliminary decision to impose anti-subsidy tariffs on frozen shrimp imported from Vietnam. In its press communiqué released on May 31, the VASEP opposed the preliminary results of an anti-subsidy lawsuit against Vietnamese frozen shrimp exported [...]

Mekong Delta region exports 237,000 tonnes of tra fish Posted: 01 Jun 2013 06:33 PM PDT The Mekong Delta provinces shipped 237,000 tonnes of tra fish in the first five months of this year, earning US$ 616 million, down 6 percent from last year's period. Vietnam's largest Tra fish importers were the EU, ASEAN, the US, Japan, Mexico, Brazil, China and Hong Kong. In the five-month period, tra fish exports dropped [...]

Japan investors from Thailand want to enter Vietnam Posted: 01 Jun 2013 06:33 PM PDT Not only Japanese firms operating in China but those in Thailand are also eyeing Vietnam as a favorite destination for business, said Hirotaka Yasuzumi, managing director of  the Japan External Trade Organization (JETRO) in HCMC. Japanese investors in China are shifting some of their operations to Vietnam or looking for material supplies from Vietnam. Meanwhile, [...]

Vietnam willing to faciliate Singaporean investment Posted: 01 Jun 2013 06:33 PM PDT Vietnam is willing to create favourable conditions for Singaporean businesses to expand their investments, said Prime Minister Nguyen Tan Dung while meeting with leaders of Singapore's major groups before leaving for Hanoi on the morning of June 1. Singaporean groups have praised the major developmental steps accomplished in the 40 years since the two nations [...]

Property sales rule draws criticism Posted: 01 Jun 2013 06:26 PM PDT Real estate developers proposed doing away with the regulation that all property transactions be carried out on the trading floor, saying the rule had not achieved the desired effect. Created in accordance with the 2006 Law on Real Estate Business, the regulation sought to make the property market more transparent. But while major investors, particularly [...]

House buyers long for cheap loans while banks hesitate Posted: 01 Jun 2013 06:25 PM PDT While the effective date of the government's house-buying aid program is only two days away, most borrowers still do not know how to apply for the cheap loans, while many banks have yet to initiate any programs to offer the preferential credits. The house-buying aid package worth VND30 trillion (US$1.44 billion) will take effect as [...]

Excess cement prompts production check Posted: 01 Jun 2013 06:21 PM PDT The Ministry of Construction has recommended the Government cancel many pending cement production projects and delay a number of others in order to align more closely with market demand. In a report on the cement industry sent to Deputy Prime Minister Hoang Trung Hai this week, the ministry suggested the removal of nine planned cement [...]

Insiders concerned as fuel giant subject to favored aid Posted: 01 Jun 2013 06:18 PM PDT The State Audit of Vietnam has recently proposed to make up for the losses Petrolimex, the country's largest fuel wholesaler, incurred in 2011, a suggestion that sparked concern among industry insiders, who wonder why the fuel giant is to receive such a big favor. Petrolimex's 2011 losses should be offset by profits from its other [...]

WB approves 250 million USD credits for Vietnam Posted: 01 Jun 2013 06:16 PM PDT The World Bank (WB) in Vietnam said on June 1 that it has approved two credits worth 250 million USD for Vietnam to implement Red River Delta health support and scientific-technological research projects. Accordingly, the bank, through the International Development Association (IDA), will provide 150 million USD for the Red River Delta Regional Health System [...]

Hanoi targets 8.5-9.45 pct growth in second half Posted: 01 Jun 2013 06:14 PM PDT Hanoi has set an economic growth rate of 8.5 – 9.45 percent in the second half of this year to realise the preset Gross Regional Domestic Product (GRDP) goal of 8-8.5 percent for the entire year. The target was specified during the municipal People's Committee's monthly session held to review the outcomes of the city's [...]

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