The Business Times: Hanoi told to be key economic hub in the north

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• Hanoi told to be key economic hub in the north
• Vietnamese farmers give up farming to trade Chinese produce
• Scientists stay unhelpful to agriculture production
• Lotte Mart expansion plan ousts Mipec Tower tenants
• The companies top for payroll in Vietnam
• Hau River 2 power plant to follow BOT model
• Indian businesses research Vietnamese investment
• Viettel continues taking the lead
• Banks keep pessimistic about business performance in 2013

Hanoi told to be key economic hub in the north Posted: 03 Aug 2013 11:49 PM PDT National Assembly (NA) Chairman Nguyen Sinh Hung has urged the expanded capital city to further leverage its role as a key economic hub in the north and the entire country. Hung made the request at a conference in Hanoi on July 31 to look at the capital's implementation of the NA Resolution No.15 dated August [...] The post Hanoi told to be key economic hub in the north appeared first on Vietnam Business News.

Vietnamese farmers give up farming to trade Chinese produce Posted: 03 Aug 2013 11:48 PM PDT  Most of the people in the Vo Cuong ward of Bac Ninh province have given up farming and shifted to trade Chinese farm produce which can bring higher profits to them. The Hoa Dinh Market in Vo Cuong ward has always been bustling. Hundreds of tons of Chinese farm produce are brought here and then [...] The post Vietnamese farmers give up farming to trade Chinese produce appeared first on Vietnam Business News.

Scientists stay unhelpful to agriculture production Posted: 03 Aug 2013 11:30 PM PDT Numerous problems have been hindering scientists to conduct the research works on agriculture machinery to help develop the domestic agriculture production. 350 scientists and the machines that "died young" VIAEP – the Vietnam Institute of Agriculture and Post-harvest Technology is a big research organization with its branches spread all over the country, from the north [...] The post Scientists stay unhelpful to agriculture production appeared first on Vietnam Business News.

Lotte Mart expansion plan ousts Mipec Tower tenants Posted: 03 Aug 2013 08:24 PM PDT Lotte Mart will develop Hanoi's Mipec Tower shopping centre into a mega-supermarket. This information was revealed to VIR last week by Vo Thi Thu Hang, marketing supervisor from Lotte Viet Nam Shopping Co., Ltd, which recently acquired 20,000 square metres of the shopping mall from Mipec. "After being inaugurated late this year, the mega-supermarket, which [...] The post Lotte Mart expansion plan ousts Mipec Tower tenants appeared first on Vietnam Business News.

The companies top for payroll in Vietnam Posted: 03 Aug 2013 08:20 PM PDT  In this list are the corporations in the fields of oil and gas, power and finance-banking. In the banking sector, the list of the businesses that pay monthly salary of over VND18 million ($900) includes the Industrial and Commercial Bank of Vietnam (Vietinbank), Bank for Foreign Trade of Vietnam (Vietcombank) and Military Bank (MBBank). According [...] The post The companies top for payroll in Vietnam appeared first on Vietnam Business News.

Hau River 2 power plant to follow BOT model Posted: 03 Aug 2013 08:15 PM PDT The Ministry of Industry and Trade (MoIT) and Malaysian Toyo-Ink Corporation on August 1 signed a Memorandum of Understanding (MoU) on the Hau River 2 thermal power plant, which will be built towards the build-operate-transfer (BOT) model. The plant, which will have a total capacity of 2,000 MW, comprises of two turbine generators and will [...] The post Hau River 2 power plant to follow BOT model appeared first on Vietnam Business News.

Indian businesses research Vietnamese investment Posted: 03 Aug 2013 08:03 PM PDT Vietnam's India trade office has coordinated with the Federation of Indian Export Organisations (FIEO) on a New Delhi seminar discussing bilateral trade and investment opportunities. Nguyen Son Ha, the Vietnamese Embassy in India's trade councillor, delivered a briefing on the Vietnamese economy, recent developments in bilateral trade relations, the implications of the ASEAN-India FTA Agreement [...] The post Indian businesses research Vietnamese investment appeared first on Vietnam Business News.

Viettel continues taking the lead Posted: 03 Aug 2013 08:01 PM PDT The curtain is dropped on why there was a gap in revenue levels of telecom sector's leading players VNPT and Viettel. In the first six months of 2013, state-owned Vietnam Posts and Telecommunications Group (VNPT) posted VND54.238 trillion ($2.3billion) in revenue whereas military-run Viettel Group earned VND72,638 trillion ($3.45 billion) in revenue. ight in early [...] The post Viettel continues taking the lead appeared first on Vietnam Business News.

Banks keep pessimistic about business performance in 2013 Posted: 03 Aug 2013 07:52 PM PDT More than a half of commercial banks think the bad debt ratio would be unchanged or would be increasing by the end of 2013 in comparison with the end of 2012.   The Monetary Statistics and Forecast Department of the State Bank of Vietnam has found out from its survey that banks keep pessimistic about [...] The post Banks keep pessimistic about business performance in 2013 appeared first on Vietnam Business News.

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