The Business Times: Ciencos deeply in the mire

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• Ciencos deeply in the mire
• FAO supports Da Nang rice centre establishment
• Life insurance giants eye lucrative market
• US levies anti-subsidy duties on Vietnamese shrimp
• Trade fraud threatens VAT refunds
• Promoting Vietnam-Thailand trade cooperation
• Ha Noi to host financial supervision talks
• Truck farm helped local firm swallow Daewoo hotel
• Two more Abbott lines recalled
• Vietnam auto sales seen down in july: VAMA

Ciencos deeply in the mire Posted: 14 Aug 2013 12:21 AM PDT   State Audit Office of Vietnam (SAV)'s latest report reflected gloomy business picture of the transport sector's major state-run construction contractors. The report shows that despite economic hardships in 2011, 23 out of a total 27 state groups and corporations being audited still posted profits. Of four remaining units bogged down in losses, transport sector's [...] The post Ciencos deeply in the mire appeared first on Vietnam Business News.

FAO supports Da Nang rice centre establishment Posted: 14 Aug 2013 12:20 AM PDT The UN Food and Agriculture Organisation (FAO) will continue supporting the establishment of a rice seed production hub in central Da Nang City. FAO representative Bae Jong-ha announced the information at a meeting with the city officials on August 13. He said FAO will help develop the centre in Hoa Tien commune as a major [...] The post FAO supports Da Nang rice centre establishment appeared first on Vietnam Business News.

Life insurance giants eye lucrative market Posted: 14 Aug 2013 12:18 AM PDT   Vietnam's life insurance market is expected to witness more big foreign players in the coming time. Industry insiders revealed that two big Asia insurers Shin Kong Life and Samsung Life, which have had representative offices in Vietnam for several years, had stepped up their plans to make an official presence in Vietnam. Meanwhile, MetLife, [...] The post Life insurance giants eye lucrative market appeared first on Vietnam Business News.

US levies anti-subsidy duties on Vietnamese shrimp Posted: 14 Aug 2013 12:15 AM PDT Local shrimp exporters are facing the risk of being imposed double taxation on the US market. The US Department of Commerce (DOC) on August 13 decided to levy anti-subsidy duties on frozen shrimp imported from Vietnam. Under the Department's latest decision, the two compulsory defendants – Minh Qui Seafood Co Ltd and Nha Trang Seafood [...] The post US levies anti-subsidy duties on Vietnamese shrimp appeared first on Vietnam Business News.

Trade fraud threatens VAT refunds Posted: 14 Aug 2013 12:14 AM PDT Tax departments in southwestern provinces that share a border with Cambodia have warned about an increase in trade fraud relating to value added tax (VAT) refunds during unofficial cross-border trading by newly-established enterprises.   At a conference on managing VAT refunds held early this month in An Giang Province, the Inspection Department under the General [...] The post Trade fraud threatens VAT refunds appeared first on Vietnam Business News.

Promoting Vietnam-Thailand trade cooperation Posted: 14 Aug 2013 12:14 AM PDT Vietnamese and Thai businesses should strengthen cooperation, expand production, and meet the growing demand of 600 million consumers in the ASEAN market. The Thai Embassy's Trade Counsellor to Vietnam Busaba Butrat says most of ASEAN countries rely on the exchange of goods. Thailand is now focused on tailoring its products to the needs of consumers [...] The post Promoting Vietnam-Thailand trade cooperation appeared first on Vietnam Business News.

Ha Noi to host financial supervision talks Posted: 14 Aug 2013 12:12 AM PDT HA NOI (VNS)— The 10th Viet Nam Finance 2013 Conference and Exhibition will take place in Ha Noi on August 27, as heard at a press conference on Monday. The headline theme of the conference is “Reinforcing national financial supervision: Policy and Technology initiatives” and is a joint collaboration between the Ministry of Finance and [...] The post Ha Noi to host financial supervision talks appeared first on Vietnam Business News.

Truck farm helped local firm swallow Daewoo hotel Posted: 13 Aug 2013 11:07 PM PDT Thanks to the rau muong (a kind of popular vegetable in Vietnam) garden, the Vietnamese electronics manufacturer Hanel has acquired the luxurious 5-star hotel Daewoo Hanoi as commented by analysts. Vegetable garden makes a fortune Only in 2012 did the detailed information about the deal come out to the public, but the insiders foresaw the [...] The post Truck farm helped local firm swallow Daewoo hotel appeared first on Vietnam Business News.

Two more Abbott lines recalled Posted: 13 Aug 2013 11:06 PM PDT Vietnam has recalled two more product lines of Abbott infant milk power suspected of Clostridium botulinum bacteria infection. The Vietnam Food Administration has asked Abbott Laboratories S.A Vietnam Office and 3A Nutrition Vietnam Co. Ltd. to recall Similac Gain Plus Eye-Q (size 1.7kg) for infant aged 1-3 of the two batches coded 2563G53117 and 2676G53117, [...] The post Two more Abbott lines recalled appeared first on Vietnam Business News.

Vietnam auto sales seen down in july: VAMA Posted: 13 Aug 2013 10:59 PM PDT Vietnam auto sales were estimated to ease by 3% on month to 9,360 units in July 2013, the local newswire Vneconomy.vn reported, citing figures from Vietnam Automobile Manufacturers’ Association (VAMA). This is the first fall after 4 consecutive months of increase, VAMA noted. Of the sum, 4-seat cars were 3,959 units and 5,401 units were [...] The post Vietnam auto sales seen down in july: VAMA appeared first on Vietnam Business News.

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