The Business Times: M&As to rise as banks restructure

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• M&As to rise as banks restructure
• SBV expands money printing factory
• “Vietnamese taste” will differentiate Vietnamese and foreign café chains
• Vietnam Airlines CEO receives French honour order
• Footwear, handbag production jumps on strong Japanese orders
• Vietnam steel needs state support or face closure
• Vietnam’s casino rush in the offing, but will it be a silver bullet?
• MIC resumes the licensing to online games to revive game industry
• More FDI licences to be revoked
• Vietnam economy reviving, but needs push: government advisors

M&As to rise as banks restructure Posted: 06 Aug 2013 12:49 AM PDT Merger and acquisition activities in Vietnam's banking sector are expected to get more robust in the coming time as local banks accelerate restructuring and work to increase their competitiveness. "We anticipate mergers and acquisitions (M&A) in the banking sector to be very active in the coming years, particularly following plans to restructure Vietnam's banking sector," [...] The post M&As to rise as banks restructure appeared first on Vietnam Business News.

SBV expands money printing factory Posted: 06 Aug 2013 12:48 AM PDT HA NOI (VNS)— The management Board of Project NH09, under the State Bank of Viet Nam and contractors, on Sunday started construction work on expanding the national money printing factory. The project aims to enhance the production capacity of the factory and to contribute to national currency security. The project is expected to be completed [...] The post SBV expands money printing factory appeared first on Vietnam Business News.

“Vietnamese taste” will differentiate Vietnamese and foreign café chains Posted: 06 Aug 2013 12:46 AM PDT The Vietnamese coffee market is believed to nearly get saturated. The changes in the brand positioning are believed to lead to the biggest changes in the brands' fames. The Highlands' silence The owners of Highlands' Coffee kept quiet over the last year after the noisy deal of selling Highlands Coffee's stakes for $25 million. Highlands, [...] The post "Vietnamese taste" will differentiate Vietnamese and foreign café chains appeared first on Vietnam Business News.

Vietnam Airlines CEO receives French honour order Posted: 06 Aug 2013 12:45 AM PDT France has conferred the Knight insignia of Legion of Honour Order on the Chief Executive Officer of the national flag carrier Vietnam Airlines Pham Ngoc Minh for his contributions to bilateral linkages. The honour was presented by French Minister of Foreign Affairs Laurent Fabius at a ceremony in Hanoi on August 5 during his official [...] The post Vietnam Airlines CEO receives French honour order appeared first on Vietnam Business News.

Footwear, handbag production jumps on strong Japanese orders Posted: 06 Aug 2013 12:42 AM PDT The leather and footwear sector expects to surpass its target of 9.7 billion USD in turnover this year, as many Japanese importers have shifted their orders from China to Vietnam. Turnover is expected to increase even more if the Trans-Pacific Partnership (TPP) and the Free Trade Agreement (FTA) between Vietnam and the EU are signed. [...] The post Footwear, handbag production jumps on strong Japanese orders appeared first on Vietnam Business News.

Vietnam steel needs state support or face closure Posted: 06 Aug 2013 12:30 AM PDT The Vietnam Steel Association (VSA) has warned that local steel businesses may face bankruptcy if the State does not intervene. The announcement came as VSA members reported an overall 2.08% on 2012  production levels, making only 2.26Mt of construction steel during  the first half of the year. As of June 30, nearly 327kt of this [...] The post Vietnam steel needs state support or face closure appeared first on Vietnam Business News.

Vietnam’s casino rush in the offing, but will it be a silver bullet? Posted: 06 Aug 2013 12:30 AM PDT Opinion is divided on whether the common man will benefit if the government licenses these gambling houses; analysts are skeptical even about tourism benefits After being dogged by financing and licensing issues, the five-star casino-resort The Grand – Ho Tram Strip finally opened on July 26  in Vung Tau as part of a US$4.2-billion tourist [...] The post Vietnam's casino rush in the offing, but will it be a silver bullet? appeared first on Vietnam Business News.

MIC resumes the licensing to online games to revive game industry Posted: 05 Aug 2013 08:18 PM PDT Online game firms now can sigh with relief as they can develop online games openly without any secretiveness. After three years long of waiting, online game firms have obtained what they want. The Decree No. 72 on Internet services which takes effects on September 1, 2013 stipulates that the licensing to online games would be [...] The post MIC resumes the licensing to online games to revive game industry appeared first on Vietnam Business News.

More FDI licences to be revoked Posted: 05 Aug 2013 08:13 PM PDT HA NOI (VNS)— Foreign Direct investment (FDI) projects that have expired but not yet re-registered, will be revoked after February 1st next year, according to a newly issued directive from the Ministry of Planning and Investment (MPI). The directive was sent to all municipal and provincial People’s Committees, the management boards of industrial zones, export [...] The post More FDI licences to be revoked appeared first on Vietnam Business News.

Vietnam economy reviving, but needs push: government advisors Posted: 05 Aug 2013 08:11 PM PDT The National Financial Supervisory Committee has said the government should take strong measures to boost consumption and investment if the year’s 5.5 percent growth target is to be achieved. In a review of the economy in the first half, the committee said there are signs that production has picked up, but it needs a push, [...] The post Vietnam economy reviving, but needs push: government advisors appeared first on Vietnam Business News.

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