The Business Times: VSA objects to power price discrimination against steel industry

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• VSA objects to power price discrimination against steel industry
• Turkey among Vietnam’s major cell phone markets
• VAMC splits banks’ positions
• After fighting against inflation, VN now tries to stimulate demand
• Businesses allowed to borrow up to vnd9 trillion from vnd30tln real estate bailout
• June 12, 2013: Vietnam gold hovers at vnd40.5mln/tael, dollar stable
• Gold premium in Vietnam seen dropping after june as demand eases
• Visitors receive VAT refunds
• Vietnam foster trade links with Middle East and Africa
• Housing market may revive

VSA objects to power price discrimination against steel industry Posted: 12 Jun 2013 12:15 AM PDT The Vietnam Steel Association (VSA) has strongly objected to a Ministry of Industry and Trade plan to apply separate higher electricity tariffs for major power consumers like steel and cement plants, saying this is an act of price discriminatiion. The status quo should be maintained as the steel industry is currently in trouble over poor [...] The post VSA objects to power price discrimination against steel industry appeared first on Vietnam Business News.

Turkey among Vietnam’s major cell phone markets Posted: 12 Jun 2013 12:14 AM PDT Mobile phones and phone components now rank second among Vietnam's major export items to Turkey, according to a Turkish business delegation that is in Vietnam to seek investment opportunities in HCMC. Fatih Kemal Ebiclioglu, chairman of the Istanbul Electrical-Electronics, Machinery & ICT Exporters' Association, said last Friday that Turkey was importing a variety of items [...] The post Turkey among Vietnam's major cell phone markets appeared first on Vietnam Business News.

VAMC splits banks’ positions Posted: 12 Jun 2013 12:12 AM PDT Banks are coming out of the closet to reveal different Vietnam Asset Management Company feelings. The Vietnam Asset Management Company (VAMC) could radically attack banks' bad debts (NPLs). However, a number of banks are sitting on the fence as when selling bad debts to VAMC to get special bonds in return, each year they need to make [...] The post VAMC splits banks' positions appeared first on Vietnam Business News.

After fighting against inflation, VN now tries to stimulate demand Posted: 12 Jun 2013 12:09 AM PDT The bailouts, if they are launched, should target consumers in order to stimulate the demand, experts say, warning that the deflation, if it occurs, would be more dangerous than the inflation. Dr. Tran Dinh Thien, Director of the Vietnam Economics Institute, has noted that the inflation has decreased more rapidly than expected, but there have [...] The post After fighting against inflation, VN now tries to stimulate demand appeared first on Vietnam Business News.

Businesses allowed to borrow up to vnd9 trillion from vnd30tln real estate bailout Posted: 12 Jun 2013 12:07 AM PDT Local developers can only borrow at most VND9 trillion worth of preferential loans from the recently-effective VND30 trillion real estate bailout or 30% of the total to create supply for the market, the local newswire Gafin.vn reported. The remaining preferential loans will be granted to homebuyers for 10 years at 6% per annum. Year to [...] The post Businesses allowed to borrow up to vnd9 trillion from vnd30tln real estate bailout appeared first on Vietnam Business News.

June 12, 2013: Vietnam gold hovers at vnd40.5mln/tael, dollar stable Posted: 12 Jun 2013 12:06 AM PDT This morning Vietnam gold was traded almost unchanged from yesterday close at VND40.48 million a tael but slightly down comparing with yesterday morning, following the world suit. SJC Hochiminh was traded at VND40.48 million/taelfor bid and VND40.68 million/tael for ask respectively as of 10.52 am, Hanoi time. SJC in the North quoted at VND40.48 million/tael for bid and VND40.68 million/tael for [...] The post June 12, 2013: Vietnam gold hovers at vnd40.5mln/tael, dollar stable appeared first on Vietnam Business News.

Gold premium in Vietnam seen dropping after june as demand eases Posted: 11 Jun 2013 09:33 PM PDT The premium paid by gold buyers in Vietnam, the largest user in Southeast Asia after Thailand, will extend declines from a record after banks complete the return of bullion deposits to investors this month. The gap between domestic and global prices for immediate delivery will probably drop to 4 million dong a tael ($159 an [...] The post Gold premium in Vietnam seen dropping after june as demand eases appeared first on Vietnam Business News.

Visitors receive VAT refunds Posted: 11 Jun 2013 09:30 PM PDT HA NOI (VNS)— More than 3,700 foreign tourists have received VAT refunds worth VND12 billion (US$570,000) under a Government pilot programme, according to the customs department. The figures were released after the 11-month implementation of Prime Ministerial Decision 05/2012/QD-TTg on a pilot refund programme, applicable at the country’s two biggest international airports – Noi Bai [...] The post Visitors receive VAT refunds appeared first on Vietnam Business News.

Vietnam foster trade links with Middle East and Africa Posted: 11 Jun 2013 09:28 PM PDT A June 11 seminar in Hanoi has discussed ways to boost trade promotion and investment activities in the African and Middle Eastern markets. Le Thai Hoa, the Deputy Head of the Ministry of Industry and Trade's (MoIT) African, West and South Asian Markets Department, said the demand for food, agricultural produce, seafood, and consumer goods [...] The post Vietnam foster trade links with Middle East and Africa appeared first on Vietnam Business News.

Housing market may revive Posted: 11 Jun 2013 09:27 PM PDT The Government’s new VND30 trillion bank loan package is providing positive signals to Vietnam’s gloomy real-estate market, said the Director of the State Bank’s Credit Department, Nguyen Viet Manh. Speaking at an online meeting on June 11, Manh said the package is a drastic measure to help prop up the low-cost housing segment. He said [...] The post Housing market may revive appeared first on Vietnam Business News.

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