The Business Times: Buyers of gold worth from vnd300mln must present ID cards

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• Buyers of gold worth from vnd300mln must present ID cards
• Jewelry businesses can seek loans to buy gold?
• Vietnam’s public debt on the rise, says official
• PM requires to consistently target 5.3-5.4% GDP growth in 2013
• Binh Duong approves us$200 million investments
• Bitexco assigned giant urban project
• World Bank gets top praise for VN loans
• Ministry portal lists safe sites
• Vietnamese investors bury their money at “gambling arenas”
• Viettel wants preferentials like those for Samsung

Buyers of gold worth from vnd300mln must present ID cards Posted: 29 Aug 2013 01:02 AM PDT In the coming time, buyers will have to present their identification cards to gold sellers for transactions worth VND300 million or more; a move part of the plan for monitoring large transactions for the sake money laundering prevention. The information was shared by Nguyen Van Ngoc, chief of anti-money laundering department under the central bank's [...] The post Buyers of gold worth from vnd300mln must present ID cards appeared first on Vietnam Business News.

Jewelry businesses can seek loans to buy gold? Posted: 29 Aug 2013 01:01 AM PDT Gold companies can borrow bank loans to meet their demand for material gold to make jewelry gold products, the local newswire Gafin.vn reported, quoting a source from the central bank as saying. Circular No. 33/2011/TT-NHNN stipulates that credit institutions must not make loans to customers for buying gold, except for cases approved by the central [...] The post Jewelry businesses can seek loans to buy gold? appeared first on Vietnam Business News.

Vietnam’s public debt on the rise, says official Posted: 29 Aug 2013 12:59 AM PDT Vietnam's public debt has increased steadily over the past three years while the public debt supervision process still has shortcomings. Vietnam's public debt has increased steadily over the past three years while the public debt supervision process still has shortcomings, said Hoang Hai, deputy director of the Debt Management and Foreign Finance Department under the [...] The post Vietnam's public debt on the rise, says official appeared first on Vietnam Business News.

PM requires to consistently target 5.3-5.4% GDP growth in 2013 Posted: 29 Aug 2013 12:57 AM PDT The Prime Minister (PM) Nguyen Tan Dung requested to maintain Gross Domestic Product (GDP) growth at a reasonable rate of 5.3-5.4%, the Government's portal Chinhphu.vn reported. On Aug 27, PM Nguyen Tan Dung chaired the Government’s regular meeting in August.  PM commented that the country's socio-economic in August in particular and the first 8 months of [...] The post PM requires to consistently target 5.3-5.4% GDP growth in 2013 appeared first on Vietnam Business News.

Binh Duong approves us$200 million investments Posted: 29 Aug 2013 12:52 AM PDT Binh Duong Province on Tuesday awarded business certificates to 25 new and operational projects of local and foreign investors with total pledged capital of more than US$200 million, with Japanese firms contributing half. Twelve Japanese-invested projects worth over US$100 million were licensed this time, said Le Thanh Cung, chairman of Binh Duong. Most of them [...] The post Binh Duong approves us$200 million investments appeared first on Vietnam Business News.

Bitexco assigned giant urban project Posted: 29 Aug 2013 12:51 AM PDT Bitexco, a leading Vietnamese developer, has been assigned to be the investor of an estimated $3 billion urban project in Binh Quoi-Thanh Da peninsula, Binh Thanh district, Ho Chi Minh City. Bitexco's appointment is expected to end the almost 20-year log-jam in development in the area. According to local authorities, residents in the project site [...] The post Bitexco assigned giant urban project appeared first on Vietnam Business News.

World Bank gets top praise for VN loans Posted: 29 Aug 2013 12:50 AM PDT Prime Minister Nguyen Tan Dung yesterday spoke highly of the World Bank’s decision to put Viet Nam on the list of the countries that will continue receiving preferential loans from the upcoming 17th Replenishment of IDA. Prime Minister Nguyen Tan Dung yesterday spoke highly of the World Bank’s decision to put Viet Nam on the [...] The post World Bank gets top praise for VN loans appeared first on Vietnam Business News.

Ministry portal lists safe sites Posted: 28 Aug 2013 11:19 PM PDT  The Ministry of Industry and Trade (MoIT) has established a portal to help consumers identify trust-worthy e-commerce sites as well as provide a blacklist of sites that have failed to meet good trading practice. The statement, made during an online exchange on VnExpress online newspaper on Friday, was posted by Bui Thanh Hang, deputy director [...] The post Ministry portal lists safe sites appeared first on Vietnam Business News.

Vietnamese investors bury their money at “gambling arenas” Posted: 28 Aug 2013 10:57 PM PDT "Underground" foreign exchanges have been mushrooming, operating under the cover of "investment consultancy firms." The foreign exchanges have been "living well" on the investors' greed. Analysts have noted that the illegal foreign exchanges have established after the gold trading floors were forced to shut down by the State Bank. There always exists a high demand [...] The post Vietnamese investors bury their money at "gambling arenas" appeared first on Vietnam Business News.

Viettel wants preferentials like those for Samsung Posted: 28 Aug 2013 10:52 PM PDT According to Viettel's document to Prime Minister Nguyen Tan Dung, Samsung Vietnam enjoys a lot of tax incentives while domestic firms that face big difficulties are not provided with these preferentials. In its dispatch to the Prime Minister and the Ministry of Finance to present its difficulties and problems in the production of mobile phones, [...] The post Viettel wants preferentials like those for Samsung appeared first on Vietnam Business News.

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