Wednesday, July 10, 2013

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

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

Link to Vietnam Business News

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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) [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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