The Business Times: Home loan package barely deployed

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• Home loan package barely deployed
• Shrimp exports may reach over US$2.4 billion in 2013
• How to penetrate the German market?
• Vietnam to raise import tax for plastic and steel
• Authorities fail to collect tax from online shops
• Sweden eyes mining deals in Viet Nam
• Coffee giants get disillusioned in Vietnam
• MIC believes IT service market worth billions of dollars
• Aug 22: Vietnam gold falls below vnd38mln/tael, dollar stable
• Financial leasing firms seek to provide credits in foreign currency

Home loan package barely deployed Posted: 22 Aug 2013 12:06 AM PDT After two months of deploying the VND30 trillion housing credit package initiated by the Government, local banks have disbursed and committed to lend a total of nearly VND800 billion only, the State Bank of Vietnam (SBV) reports. To date, five participating banks have disbursed a mere VND65.5 billion from the hefty credit program to 219 [...] The post Home loan package barely deployed appeared first on Vietnam Business News.

Shrimp exports may reach over US$2.4 billion in 2013 Posted: 22 Aug 2013 12:03 AM PDT Vietnam earned US$291 million from shrimp exports in July, up 21.7% over the previous month and 45.3% year on year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), export revenue from this product hit nearly US$1.4 billion in the past seven months, rising by 14.7% compared to the same period last year. [...] The post Shrimp exports may reach over US$2.4 billion in 2013 appeared first on Vietnam Business News.

How to penetrate the German market? Posted: 22 Aug 2013 12:00 AM PDT Vietnamese goods, buoyed by growth in consumer demand, are facing plenty of export opportunity in the German market. Seizing these opportunities requires a business focus on ensuring their products can meet German consumers' strict quality and hygiene standards. Germany is Vietnam's largest European Union trade partner. Two-way trade turnover hit US$3.695 billion in the first [...] The post How to penetrate the German market? appeared first on Vietnam Business News.

Vietnam to raise import tax for plastic and steel Posted: 21 Aug 2013 11:53 PM PDT Vietnam plans to raise import duty for plastic and steel. The Ministry of Finance (MoF) on Aug 21 announced to seek for businesses' consultation. In details, MoF plans to raise import tax for plastic (unsaturated polyester) to 5% from current of 0% and 3%; import duty for steel wire, rebar is planned to increase to [...] The post Vietnam to raise import tax for plastic and steel appeared first on Vietnam Business News.

Authorities fail to collect tax from online shops Posted: 21 Aug 2013 11:34 PM PDT The online trade now in Vietnam has special characteristics, beginning with "no": no tax, no clear origin of products and no certificate on product quality. A buyer wanted to order a pair of sports shoes worth VND1.1 million on www.b4u…, a website of a well-known media company in Vietnam, but he could not find the [...] The post Authorities fail to collect tax from online shops appeared first on Vietnam Business News.

Sweden eyes mining deals in Viet Nam Posted: 21 Aug 2013 11:27 PM PDT Sweden’s top mining companies are keen to develop long-term partnerships in Viet Nam, according to a seminar hosted by the mining industry last Friday. ABB, Scania and Swedish Export Credit Corporation (SEK) were among a host of companies in attendance, jointly hosted by the Viet Nam National Coal and Mineral Industries Group (Vinacomin), the Swedish [...] The post Sweden eyes mining deals in Viet Nam appeared first on Vietnam Business News.

Coffee giants get disillusioned in Vietnam Posted: 21 Aug 2013 11:23 PM PDT  The globally well-known coffee brands, one after another, came to Vietnam with the high hope to conquer the market. However, many of them have got disillusioned. The penetration of the US Starbucks to Vietnam was once the hot topic on local newspapers for a long time. The US giant was welcomed warmly when its first [...] The post Coffee giants get disillusioned in Vietnam appeared first on Vietnam Business News.

MIC believes IT service market worth billions of dollars Posted: 21 Aug 2013 11:00 PM PDT A survey of the Ministry of Information and Communication (MIC) has found out that the world information technology (IT) service market is a real potential for Vietnamese firms to exploit. Meanwhile, the domestic IT service market is worth billions of dollars. Vietnamese firms urged to focus on data services According to MIC, big changes have [...] The post MIC believes IT service market worth billions of dollars appeared first on Vietnam Business News.

Aug 22: Vietnam gold falls below vnd38mln/tael, dollar stable Posted: 21 Aug 2013 10:33 PM PDT This morning, Vietnam gold gradually eased following the world suit to below VND38 million/tael, dropping around VND200,000/tael versus yesterday morning. Hochiminh was traded at VND37.70 million/tael for bid and VND37.92 million/tael for ask respectively as of 11:07 am, Hanoi time. SJC in the North quoted at VND37.70 million/tael for bid and VND37.92 million/tael for ask. [...] The post Aug 22: Vietnam gold falls below vnd38mln/tael, dollar stable appeared first on Vietnam Business News.

Financial leasing firms seek to provide credits in foreign currency Posted: 21 Aug 2013 10:21 PM PDT Financial leasing firms said they should not be restricted from carrying out financial leasing activities in foreign currencies as they voiced their opinions on a draft rule recently released by the central bank. Financial leasing companies have been concerned about article 4 of the draft circular, which stipulates financial leasing, buying for leasing, lending for [...] The post Financial leasing firms seek to provide credits in foreign currency appeared first on Vietnam Business News.

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