The Business Times: McDonald plans to enter Vietnam

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• McDonald plans to enter Vietnam
• VN30 To add PPC, PET and removes PNJ, DIG from July 22
• 57% foreign investors wants to expand businesses in Vietnam
• Banks see profit targets beyond reach
• Publication of financial information of SEOs
• Vietnam is likely to run $3-4bln trade deficit in 2013: MoIT- update
• Vietnam invests $14bln oversea: MoPI
• Wood exports to hit annual target
• The big guys and the “tax payment delay syndrome”
• Local businesses hire foreign PGs to boost beer sales

McDonald plans to enter Vietnam Posted: 15 Jul 2013 10:43 PM PDT (VOV) – The US leading fast-food corporation, MacDonald's has announced that it will have its first franchise store set up in HCM City. The corporation recently granted franchise to a Vietnamese- American entrepreneur Henry Nguyen to develop MacDonald's trademark in Vietnam. The President of MacDonald's, Dave Hoffmann, emphasized that with an impressive knowledge of business, [...] The post McDonald plans to enter Vietnam appeared first on Vietnam Business News.

VN30 To add PPC, PET and removes PNJ, DIG from July 22 Posted: 15 Jul 2013 10:41 PM PDT The Hochiminh Stock Exchange announced the list of VN30 and their free float rates in the second period of 2013, which starts from July 22, 2013. Accordingly, PPC and PET will be added and PNJ, DIG will be removed. No Stock Symbol Company name Free float 1 VNM Viet Nam Dairy Products Joint Stock Company 40% 2 VIC VINGROUP Joint Stock Company [...] The post VN30 To add PPC, PET and removes PNJ, DIG from July 22 appeared first on Vietnam Business News.

57% foreign investors wants to expand businesses in Vietnam Posted: 15 Jul 2013 10:37 PM PDT 57% of foreign investors said that they would expand their businesses in Vietnam.The Center of Information Industry and Commerce under the Ministry of Industry and Trade of Vietnam said, citing survey results of ASEAN Business Outlook for 2012/2013. The ASEAN Business Outlook for 2012/2013 was co-carried by the Singapore  Business Federation and the U.S Chamber of [...] The post 57% foreign investors wants to expand businesses in Vietnam appeared first on Vietnam Business News.

Banks see profit targets beyond reach Posted: 15 Jul 2013 10:35 PM PDT Local commercial banks are facing huge challenges in realizing this year's profit targets as credit growth remains low amid current economic difficulties. While enterprises still have low a demand for capital, most banks, especially small lenders, have paid attention to restructuring, management capability improvement or capital preservation rather than setting up high profit targets. Nguyen [...] The post Banks see profit targets beyond reach appeared first on Vietnam Business News.

Publication of financial information of SEOs Posted: 15 Jul 2013 10:33 PM PDT VGP – State-owned enterprises (SOEs) may be asked to publish financial information on their websites or other means of communication, according to a draft Circular. Specifically, SOEs will have to make public their annual financial reports within ten days since independent auditors sign the audited reports. The annual financial reports must be published within 90 [...] The post Publication of financial information of SEOs appeared first on Vietnam Business News.

Vietnam is likely to run $3-4bln trade deficit in 2013: MoIT- update Posted: 15 Jul 2013 09:37 PM PDT Vietnam is likely to run $3-4 billion trade deficit in 2013, the Ministry of Industry and Trade( MoIT) said, revising its earlier forecast of $9 billion trade deficit unveiled on July 1,2013. If the forecast comes true, this year's trade deficit will account for 2.5-3% of the total export turnovers. In details, it is expected [...] The post Vietnam is likely to run $3-4bln trade deficit in 2013: MoIT- update appeared first on Vietnam Business News.

Vietnam invests $14bln oversea: MoPI Posted: 15 Jul 2013 09:33 PM PDT Vietnam is estimated to have invested in more than 700 oversea projects worth $14 billion of registered capital. NDHMoney reported, citing Vu Van Trung-Deputy Director of Foreign Investment Agency (FIA) under MoPI. Of the some, Vietnam poured $600 million into Myanmar. Myanmar ranks 6th of the Vietnam's oversea investments and Vietnam targets to increase its investment [...] The post Vietnam invests $14bln oversea: MoPI appeared first on Vietnam Business News.

Wood exports to hit annual target Posted: 15 Jul 2013 09:27 PM PDT HA NOI (VNS)— Viet Nam’s wood industry is expecting to reach this year’s export target of US$5.5 billion, thanks to a recovery in exports of its wood products, experts have said. The Ministry of Industry and Trade said that the wood industry gained a year-on-year increase of 12.5 per cent, bringing the export value of [...] The post Wood exports to hit annual target appeared first on Vietnam Business News.

The big guys and the “tax payment delay syndrome” Posted: 15 Jul 2013 09:27 PM PDT After Truong Hai Automobile got the permission to delay the payment of the VND1.2 trillion worth of import tax, a lot of other manufacturers have sent letters to the Prime Ministers asking for the same favor. At least six automobile manufacturers, namely Xuan Kien Vinaxuki Automobile JSC, Thanh Cong Group JSC, TMT Automobile JSC, Hoang [...] The post The big guys and the "tax payment delay syndrome" appeared first on Vietnam Business News.

Local businesses hire foreign PGs to boost beer sales Posted: 15 Jul 2013 09:27 PM PDT "Adversity brings wisdom". Vietnamese businesses, who feel worried about the slow sales of beer products in the economic recession, have decided to hire western PGs. While sitting at a beer shop with a glass of beer in hand on a hot summer day, a man was a bit startled when hearing a girl speaking with [...] The post Local businesses hire foreign PGs to boost beer sales appeared first on Vietnam Business News.

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