The Business Times: Auto sales rebound, fee cut to fuel growth

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• Auto sales rebound, fee cut to fuel growth
• EU’s new tax incentives hard to gain
• EVN’s VND9.3 tril. debts to PVN, Vinacomin
• Sugar inventory running high as export deadline over
• Rice exporters face woes in Japan
• Vietnam GDP seen to rise 5.2% in 2013: Dragon Capital
• A look into personnel of the VAMC
• Inward remittances to HCMC estimated at $1.9bln in h1
• VAMC yet to start operation
• Tentative seafood export ban stirs controversy

Auto sales rebound, fee cut to fuel growth Posted: 10 Jul 2013 01:07 AM PDT Vietnam is one of the countries to enjoy the most incentives offered by the new General System of Preferences (GSP) of the EU, effective on January 1, 2014, but local businesses may not be able to fully make the most of this treatment. There will be only 89 beneficiaries of the new GSP, versus the current [...] The post Auto sales rebound, fee cut to fuel growth appeared first on Vietnam Business News.

EU’s new tax incentives hard to gain Posted: 10 Jul 2013 01:07 AM PDT Vietnam is one of the countries to enjoy the most incentives offered by the new General System of Preferences (GSP) of the EU, effective on January 1, 2014, but local businesses may not be able to fully make the most of this treatment. There will be only 89 beneficiaries of the new GSP, versus the current [...] The post EU's new tax incentives hard to gain appeared first on Vietnam Business News.

EVN’s VND9.3 tril. debts to PVN, Vinacomin Posted: 10 Jul 2013 01:05 AM PDT Vietnam Electricity Group (EVN) still owes Vietnam Oil and Gas Group (PVN) over VND9 trillion and Vietnam National Coal and Mineral Industries Group (Vinacomin) more than VND3 billion. PVN Chairman Phung Dinh Thuc said EVN since 2012 had fully paid PVN for the electricity it purchased. The debt of VND9 trillion mentioned above was accumulated [...] The post EVN's VND9.3 tril. debts to PVN, Vinacomin appeared first on Vietnam Business News.

Sugar inventory running high as export deadline over Posted: 10 Jul 2013 12:31 AM PDT Local sugar inventory is running high though a four-month sugar export plan allowed by the Ministry of Industry and Trade ended last month, with sugar shipments reaching some 40% of the permitted volume. According to a recent report of the Vietnam Sugarcane and Sugar Association (VSSA), sugar exports via minor border gates and border trade [...] The post Sugar inventory running high as export deadline over appeared first on Vietnam Business News.

Rice exporters face woes in Japan Posted: 10 Jul 2013 12:31 AM PDT Rice exporters to Japan encountered many difficulties in the first half while shipments to Europe grew by a staggering 127%, according to An Giang Import-Export Company (ANGIMEX). Nguyen Van Tien, general director of ANGIMEX, said his firm exported around 30,000 tons of the food staple to Japan last year but almost nothing in January-June this [...] The post Rice exporters face woes in Japan appeared first on Vietnam Business News.

Vietnam GDP seen to rise 5.2% in 2013: Dragon Capital Posted: 10 Jul 2013 12:27 AM PDT Vietnam Gross Domestic Products (GDP) is likely to increase by 5.2% in 2013. The Dragon Capital forecast. Dragon capital has just released its Jun/2013's report on Vietnam's macro economy, security situation and update VEIL, VGF, VDeF, VPE funds. In 2013, Dragon Capital expects Vietnam's GDP to grow by 5.2%, CPI to rise 5.9%, Exports (Cif) [...] The post Vietnam GDP seen to rise 5.2% in 2013: Dragon Capital appeared first on Vietnam Business News.

A look into personnel of the VAMC Posted: 10 Jul 2013 12:24 AM PDT The local online newspaper Dau Tu ('Investment News') cited its private source as saying that the central bank's deputy governor Dang Thanh Binh is likely to become chairman of the Board of Members of the Vietnam Asset Management Company (VAMC). Deputy governor Dang Thanh Binh is currently Head of the Standing Committee for the establishment [...] The post A look into personnel of the VAMC appeared first on Vietnam Business News.

Inward remittances to HCMC estimated at $1.9bln in h1 Posted: 10 Jul 2013 12:24 AM PDT Ho Chi Minh City is estimated to see $1.9 billion inbound remittance in the first half of 2013, up 3% on year, the local newswire Sgtt.vn reported, quoting its private source from the central bank branch in the area. The remittances to Vietnam through HCMC-based banks are forecast to jump to $4.5-4.8 billion for the [...] The post Inward remittances to HCMC estimated at $1.9bln in h1 appeared first on Vietnam Business News.

VAMC yet to start operation Posted: 10 Jul 2013 12:24 AM PDT The much-anticipated Vietnam asset management company (VAMC), scheduled to be put into operation from yesterday [Jul 9], has yet to begin activities officially, the local newswire Danviet.vn reported, citing a source from the central bank. The company, with planned charter capital of VND500 billion, is expected to help the country to tackle between VND80 trillion [...] The post VAMC yet to start operation appeared first on Vietnam Business News.

Tentative seafood export ban stirs controversy Posted: 09 Jul 2013 08:27 PM PDT The Vietnam Association of Seafood Exporters and Producers (VASEP) has criticized a tentative seafood export ban on those companies having four shipments warned of food safety within six months. Meanwhile, the National Agro-Forestry-Fisheries Quality Assurance Department (Nafiqad) said such a measure would protect the local seafood export industry. The Ministry of Agriculture and Rural Development [...] The post Tentative seafood export ban stirs controversy appeared first on Vietnam Business News.

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