The Business Times: HSBC sharpens business efficiencies

---

• HSBC sharpens business efficiencies
• IMF praises Vietnam’s macroeconomic stability
• Long-term strategy needed to boost rice export
• Vietnam Tower among 25 great skyscrapers
• Banks yet to give gold custody services
• Government steps in to save Vinashin with bond issue
• Domestic powdered milk firms buoyant
• Telco to speed up restructuring process
• US$27 billion oil refinery to be built in Binh Dinh
• Steel exports face anti-dumping lawsuit in US

HSBC sharpens business efficiencies Posted: 12 Aug 2013 01:14 AM PDT Managing cash flows remains a difficult issue for many enterprises in Vietnam. Every business strives to achieve increased turnover while improving distribution, expanding product ranges or introducing higher-quality services. But business targets and strategies are often hampered by the need to meet payment deadlines for suppliers or employee wages while receivables have not been collected [...] The post HSBC sharpens business efficiencies appeared first on Vietnam Business News.

IMF praises Vietnam’s macroeconomic stability Posted: 12 Aug 2013 12:52 AM PDT Vietnam regained macroeconomic stability over the past year, but the economy is progressing at two speeds, says the International Monetary Fund (IMF). The IMF Executive Board released its Article IV consultation with Vietnam on August 9, saying that the export sector is performing well—especially foreign-invested enterprises—but the domestic sector, though improving, has yet to find [...] The post IMF praises Vietnam's macroeconomic stability appeared first on Vietnam Business News.

Long-term strategy needed to boost rice export Posted: 12 Aug 2013 12:49 AM PDT This year, one million tonnes of rice from the summer-autumn crop was scheduled to be stockpiled by July 31, but only 80-85 percent of the target was fulfilled. As proposed by the Ministry of Agriculture and Rural Development (MARD), the Prime Minister agreed to extend rice procurement to August 15 in a bid to stabilise [...] The post Long-term strategy needed to boost rice export appeared first on Vietnam Business News.

Vietnam Tower among 25 great skyscrapers Posted: 12 Aug 2013 12:48 AM PDT Bitexco Financial Tower in Ho Chi Minh City has been chosen by CNN as one of the world's 25 great skyscrapers: icons of construction. The 68-floor lotus tower invested by the Bitexco Group is the only Vietnamese construction work entering the list. As a Grade A+ commercial construction in HCM City, Bitexco Financial Tower has [...] The post Vietnam Tower among 25 great skyscrapers appeared first on Vietnam Business News.

Banks yet to give gold custody services Posted: 12 Aug 2013 12:45 AM PDT   Half of the 12 banks eligible for gold custody service have yet to provide this service to their individual clients while other banks with strong gold mobilization activities before are still not allowed to run this operation. A leader of Vietcombank said that the bank has yet to launch gold custody service as it [...] The post Banks yet to give gold custody services appeared first on Vietnam Business News.

Government steps in to save Vinashin with bond issue Posted: 12 Aug 2013 12:45 AM PDT The Viet Nam Shipbuilding Industry Group (Vinashin) has found a way of resolving its debts after the Government asked the Ministry of Finance to issue zero-coupon bonds with 12-year terms. The total amount of debt worth US$600 million plus $23 million in unpaid interest will be converted into bonds. The interest rate of these bonds [...] The post Government steps in to save Vinashin with bond issue appeared first on Vietnam Business News.

Domestic powdered milk firms buoyant Posted: 12 Aug 2013 12:35 AM PDT Domestic milk companies have increased powdered milk production to meet a higher demand on the local market. Le Nguyen Hoa, deputy chairman of Dong Tam Nutrition Food Company (Nutifood), said the powdered milk market generated 2.36 trillion VND (111.3 million USD) in revenue in 2012, which included 300 trademarks, mostly foreign. However, Hoa said, imported powdered milk [...] The post Domestic powdered milk firms buoyant appeared first on Vietnam Business News.

Telco to speed up restructuring process Posted: 12 Aug 2013 12:33 AM PDT Prime Minister Nguyen Tan Dung has asked Viet Nam Posts and Telecommunications Group (VNPT) and its newly-appointed general director Tran Manh Hung to accelerate the outfit’s restructuring process. PM Dung made the request at a working session with the group on Thursday in Ha Noi, just days after Hung replaced Vu Tuan Hung. The restructuring [...] The post Telco to speed up restructuring process appeared first on Vietnam Business News.

US$27 billion oil refinery to be built in Binh Dinh Posted: 12 Aug 2013 12:30 AM PDT Leading experts have offered opinions on the construction of a Thai-invested petrochemical complex project in the central province of Binh Dinh. At a dialogue co-hosted by Radio the Voice of Vietnam (VOV) and the Binh Dinh Radio and TV Station on August 11, the experts proposed practical measures to implement the US$27-billion petrochemical complex in [...] The post US$27 billion oil refinery to be built in Binh Dinh appeared first on Vietnam Business News.

Steel exports face anti-dumping lawsuit in US Posted: 12 Aug 2013 12:30 AM PDT The US Department of Commerce (DOC) has officially begun antidumping duty investigations into oil country tubular goods (OCTG) imported from Vietnam, according to the Vietnam Competition Authority (VCA). On July 22, the DOC asked Vietnamese steel producers answer its inquiries into the price and value of made-in-Vietnam OCTG by August 12, 2013. The Department on [...] The post Steel exports face anti-dumping lawsuit in US appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610