The Business Times: Vietnam proposed lifting restrictions to foreign ownership at listed firms

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• Vietnam proposed lifting restrictions to foreign ownership at listed firms
• Measures urged to lure foreign investment in stocks
• Retailers hurry to expand distribution networks despite low demand
• 203 seafood processors licensed to export to Argentina
• Tuna exporters must have “Dolphin Safe” label
• Vietnam turns its wind power dream into reality
• Mobifone sets up information service in 5 languages
• Vietnam government approves plan to resolve bad debts
• Vietnam BOP surplus estimated at $4-5bln in 2013
• Vietnam cooperative bank licensed for operation

Vietnam proposed lifting restrictions to foreign ownership at listed firms Posted: 05 Jun 2013 01:00 AM PDT The Vietnamese government should allow foreign investors to own an up to 100% stake in local companies in certain industries in line with the country's WTO commitments The Vietnamese government should allow foreign investors to own an up to 100% stake in local companies in certain industries in line with the country's WTO commitments, a [...] The post Vietnam proposed lifting restrictions to foreign ownership at listed firms appeared first on Vietnam Business News.

Measures urged to lure foreign investment in stocks Posted: 05 Jun 2013 01:00 AM PDT The State Securities Commission should consider several changes on the stock market to lure foreign capital, such as applying a T+0 or T+1 settlement period and restructuring companies. The opinion was voiced by the capital market working group on the sidelines of the Viet Nam Business Forum (VBF). Dragon Capital director Dominic Scriven, a representative [...] The post Measures urged to lure foreign investment in stocks appeared first on Vietnam Business News.

Retailers hurry to expand distribution networks despite low demand Posted: 05 Jun 2013 12:55 AM PDT Supermarkets remain cool these days because of the low purchasing power, but the competition among supermarket chains has got scorching hot. In May alone, a series of supermarkets and retail points opened in HCM City, which is the biggest commercial hub in Vietnam. Co-op Xtra Plus hypermarket, the product of the joint venture between Vietnamese [...] The post Retailers hurry to expand distribution networks despite low demand appeared first on Vietnam Business News.

203 seafood processors licensed to export to Argentina Posted: 05 Jun 2013 12:53 AM PDT The National Food Safety and Quality Service of Argentina (Senasa) has approved the list of 203 Vietnamese seafood processors eligible to export products to Argentina. The Vietnam National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD) has asked the eligible exporters to register with NAFIQAD soon to have their batches inspected and certified before shipped to Argentina. The exporters [...] The post 203 seafood processors licensed to export to Argentina appeared first on Vietnam Business News.

Tuna exporters must have “Dolphin Safe” label Posted: 05 Jun 2013 12:53 AM PDT The requirement is part of the Earth Island Institute (EII) policy to protect dolphins and the maritime environment. Tuna importers from the EU, the US and Australia have asked Vietnamese tuna exporters to get the "Dolphin Safe Tuna" label from the EII for their products exported to these markets. The EII has asked all Vietnamese [...] The post Tuna exporters must have "Dolphin Safe" label appeared first on Vietnam Business News.

Vietnam turns its wind power dream into reality Posted: 04 Jun 2013 09:51 PM PDT On May 29, the Bac Lieu wind power plant began providing electricity to the national grid from the 10 turbines with the total capacity of 16 MW. The Vietnamese wind power dream has become realistic. Vietnam, like many other countries in the world, decided that it needs to make heavy investments in developing wind power [...] The post Vietnam turns its wind power dream into reality appeared first on Vietnam Business News.

Mobifone sets up information service in 5 languages Posted: 04 Jun 2013 09:47 PM PDT MobiFone has set up an information service in five languages — English, Chinese, South Korean, Japanese, and Khmer — at 9393 to serve foreigners living in Vietnam and visitors Free but high quality switchboard 9393 is a free of charge telephone number operating 24/7 that customers can call for all queries about MobiFone services. They [...] The post Mobifone sets up information service in 5 languages appeared first on Vietnam Business News.

Vietnam government approves plan to resolve bad debts Posted: 04 Jun 2013 09:39 PM PDT The government has approved the scheme to tackle bad debts; a move expected to cut non-performing loans of the local banking system that have curtailed lending and economic growth, the local online newspaper Dau Tu ('Investment News') reported. Vietnam Central Bank to Comprehensively Inspect Banks Unwilling to Sell Bad Debts The State Bank of Vietnam [...] The post Vietnam government approves plan to resolve bad debts appeared first on Vietnam Business News.

Vietnam BOP surplus estimated at $4-5bln in 2013 Posted: 04 Jun 2013 09:38 PM PDT Vietnam is estimated to enjoy a balance of payment (BoP) surplus of around $4-5 billion in 2013, the local newswire Cafef.vn reported, quoting deputy governor of the State Bank of Vietnam (SBV), as saying. The country's foreign exchange reserve increased by around $5 billion in the first months of this year, the central bank said. [...] The post Vietnam BOP surplus estimated at $4-5bln in 2013 appeared first on Vietnam Business News.

Vietnam cooperative bank licensed for operation Posted: 04 Jun 2013 09:38 PM PDT The State Bank of Vietnam (SBV) granted license to set up a cooperative bank upon request by the central People's Credit Fund, the central bank said in a post on its website. Reportedly, the central People's Credit Fund would transform into cooperative bank named Co-operative Bank of Vietnam (Co-oBank). Its head office is located in [...] The post Vietnam cooperative bank licensed for operation appeared first on Vietnam Business News.

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