The Business Times: Sugar inventory continues to rise

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• Sugar inventory continues to rise
• US trade ties get a boost
• Work starts on HAGL complex in Myanmar city
• High technology lends a hand to money laundering crimes
• Vietnam may ban making cash payments for securities transactions: draft
• Plans to restructure VDB & VBSP to be completed within 2013
• Convenience shop popularity threatens local supermarkets
• Businesses complain policies “kill 100 to protect 2”
• City banks rethink rate cuts as deposits decline
• Foreign investors acquire home appliance distribution centers

Sugar inventory continues to rise Posted: 06 Jun 2013 12:59 AM PDT HA NOI (VNS)— Sugar inventories increased to nearly 600,000 tonnes by the end of May, about 222,410 tonnes higher than in the same period last year. The figures were made known by the Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade. The ministry said that the sugar stock had been [...] The post Sugar inventory continues to rise appeared first on Vietnam Business News.

US trade ties get a boost Posted: 06 Jun 2013 12:59 AM PDT HA NOI (VNS)— Vietnamese Ambassador to the US Nguyen Quoc Cuong toured the states of Illinois and Missouri to seek support for Viet Nam-US economic and trade ties on Tuesday. The diplomat delivered a speech at a plenary session of the Illinois House of Representatives highlighting the bright prospects of Viet Nam-US relations in economics, [...] The post US trade ties get a boost appeared first on Vietnam Business News.

Work starts on HAGL complex in Myanmar city Posted: 06 Jun 2013 12:57 AM PDT HA NOI (VNS)— Hoang Anh Gia Lai (HAGL) Group began construction of a US$440 million trade centre, hotel and service office complex in the Myanmar city of Yangon yesterday. Hoang Anh Gia Lai Myanmar Centre covers a total area of 8ha and is the company’s largest investment project at present. It was financed by the [...] The post Work starts on HAGL complex in Myanmar city appeared first on Vietnam Business News.

High technology lends a hand to money laundering crimes Posted: 06 Jun 2013 12:53 AM PDT The Internet has been exploited by crimes to wash dirty money. The Vietnamese police have discovered and taken investigations against the behaviors. However, the current legal loopholes make it difficult to charge the money laundry on the crimes. Cao Van Loc from the Ministry of Public Security's PC46, the agency in charge of fighting against [...] The post High technology lends a hand to money laundering crimes appeared first on Vietnam Business News.

Vietnam may ban making cash payments for securities transactions: draft Posted: 06 Jun 2013 12:53 AM PDT The State Bank of Vietnam (SBV) disclosed the second draft for a decree on non-cash payments with some new contents as follows: Article 6 of the draft decree stipulates that institutions and individuals shall not pay in cash for their securities transactions on the stock exchanges. Besides, institutions must not make cash payments to each [...] The post Vietnam may ban making cash payments for securities transactions: draft appeared first on Vietnam Business News.

Plans to restructure VDB & VBSP to be completed within 2013 Posted: 06 Jun 2013 12:52 AM PDT The plans to restructure the Vietnam Development Bank (VDB) and the Vietnam Bank for Social Policies (VBSP) would be completed within this year, according to the scheme to handle bad loans recently approved by the government. Accordingly, the State Bank of Vietnam (SBV) is assigned to lead and coordinate with relevant ministries, and agencies to [...] The post Plans to restructure VDB & VBSP to be completed within 2013 appeared first on Vietnam Business News.

Convenience shop popularity threatens local supermarkets Posted: 06 Jun 2013 12:45 AM PDT HCM CITY (VNS)— Convenience shops in HCM City are giving traditional markets and even supermarkets a run for their money as they become more popular with local residents. Le Ngoc Dao, deputy director of the city’s Department of the Industry and Trade, told online newspaper VnExpress.net that convenience shops had many advantages including clearly stated [...] The post Convenience shop popularity threatens local supermarkets appeared first on Vietnam Business News.

Businesses complain policies “kill 100 to protect 2” Posted: 06 Jun 2013 12:43 AM PDT The enterprises which make products from stainless steel, have been put on tenterhooks when hearing about petition for the anti-dumping measures. The quick fire problems In late May 2013, the Competition Administration Department (CAD), an arm of the Ministry of Industry and Trade (MOIT), released a notice that it has received the petitions from Posco [...] The post Businesses complain policies "kill 100 to protect 2" appeared first on Vietnam Business News.

City banks rethink rate cuts as deposits decline Posted: 05 Jun 2013 08:42 PM PDT HCM CITY (VNS)— Money flow into several banks in HCM City has reduced significantly, prompting them to reconsider plans to reduce deposit interest rates so as to keep their customers, industry observers say. The HCM City General Statistics Office says deposits by city residents were down 5 per cent in May over April. An official [...] The post City banks rethink rate cuts as deposits decline appeared first on Vietnam Business News.

Foreign investors acquire home appliance distribution centers Posted: 05 Jun 2013 08:40 PM PDT Home appliance centers have become the "deadly ground" of many investors. However, domestic investors still have poured money into the sector, while foreigners have spent big money to acquire unprofitable chains. Explaining this, market surveyors said that the home appliance market remains very large with enough room for everyone, since every enterprises in the field [...] The post Foreign investors acquire home appliance distribution centers appeared first on Vietnam Business News.

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