The Business Times: Shipping firms still cannot find the way out

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• Shipping firms still cannot find the way out
• FDI drips into Mekong Delta
• Realty developers asked to make reports frequently
• Viettel joint venture wins award in Mozambique
• WB asked to continue support for VN’s economic reforms
• Belgium – Vietnam’s key consumer in EU
• Exports to France surpasses us$1 billion
• Local textile, garment firms in doldrums
• Techcombank earns vnd653bln consolidated pretax profit in h1
• Vietinbank approved to raise charter capital to vnd37.2tln

Shipping firms still cannot find the way out Posted: 16 Aug 2013 12:46 AM PDT A lot of the enterprises in the maritime transport, the industry which has great advantages to develop and receives big investments, have been on the verge of bankruptcy. Big losses besieging Vietnamese shipping firms    VST has reported the loss of VND103 billion for the second quarter of the year, which is 6.3 times higher than [...] The post Shipping firms still cannot find the way out appeared first on Vietnam Business News.

FDI drips into Mekong Delta Posted: 16 Aug 2013 12:43 AM PDT The Mekong Delta has seaports and international airports, but due to its poor transport infrastructure and low labor skills, foreign investors do not want to pour capital into the region. This situation was analyzed at the workshop–”Why foreign direct investment (FDI) attraction into the Mekong Delta is limited?” held by the Chamber of Commerce and [...] The post FDI drips into Mekong Delta appeared first on Vietnam Business News.

Realty developers asked to make reports frequently Posted: 16 Aug 2013 12:41 AM PDT Real estate companies will have to frequently report on their project development as well as their operations, or else they would be penalized, when a new rule is applicable this October. Circular 11/2013/TT-BXD requires realty firms to make reports on the basic information of their projects and regularly provide updates on the progress in project [...] The post Realty developers asked to make reports frequently appeared first on Vietnam Business News.

Viettel joint venture wins award in Mozambique Posted: 16 Aug 2013 12:41 AM PDT Movitel- a joint venture between Vietnam's Viettel Group and Mozambique's SPI and Invespar Company has won the leading business in competitive capacity award. After 10 rounds of appraisal it got 9 marks, double the level of famous rivals, such as Vodacom and TM which have secured a firm foothold in Mozambique. Frost and Sullivan experts [...] The post Viettel joint venture wins award in Mozambique appeared first on Vietnam Business News.

WB asked to continue support for VN’s economic reforms Posted: 16 Aug 2013 12:37 AM PDT Deputy Prime Minister Nguyen Thien Nhan has proposed the World Bank increase assistance, both financially and technically, for Vietnam to help the country Deputy Prime Minister Nguyen Thien Nhan has proposed the World Bank (WB) increase assistance, both financially and technically, for Vietnam to help the country successfully implement its economic reform programme. Deputy PM [...] The post WB asked to continue support for VN's economic reforms appeared first on Vietnam Business News.

Belgium – Vietnam’s key consumer in EU Posted: 16 Aug 2013 12:34 AM PDT Vietnam's exports to Belgium have sharply increased in recent years, hitting a record high of US$1.44 billion in 2012. According to the Ministry of Industry and Trade's Trade and Industry Information Centre (TIIC), shipments to Belgium totaled US$637.94 million in the first half of this year, up 9.5% on the same period last year. Vietnam [...] The post Belgium – Vietnam's key consumer in EU appeared first on Vietnam Business News.

Exports to France surpasses us$1 billion Posted: 16 Aug 2013 12:33 AM PDT Vietnam's exports to France hit more than US$1 billion in the first half of this year, up 6.3% on the same period last year. According to the Trade and Industry Information Centre (TIIC) under the Ministry of Industry and Trade (MoIT), products exported to France are diverse, such as footwear, garment, utensils, agriculture, forestry and [...] The post Exports to France surpasses us$1 billion appeared first on Vietnam Business News.

Local textile, garment firms in doldrums Posted: 16 Aug 2013 12:29 AM PDT One year ago, local textile and garment firms were expanding markets in the country, however, now they are shrinking production and trying to survive under the current economic crisis. One year ago, textile and garment firms invested in production for the local market as they wanted to get a grip on the market with population [...] The post Local textile, garment firms in doldrums appeared first on Vietnam Business News.

Techcombank earns vnd653bln consolidated pretax profit in h1 Posted: 16 Aug 2013 12:27 AM PDT Vietnam Technical and Commercial Joint Stock Bank (Techcombank) said it booked a consolidated pre-tax profit of VND255 billion in Q2/2013, raising profit figure to VND653 billion in the first half of 2013. The lender's net interest income in Q2 fell 35.7% on year to VND920 billion, bringing VND2.21 trillion NII for the first half, down [...] The post Techcombank earns vnd653bln consolidated pretax profit in h1 appeared first on Vietnam Business News.

Vietinbank approved to raise charter capital to vnd37.2tln Posted: 16 Aug 2013 12:27 AM PDT VietinBank got approval from the State Bank of Vietnam (SBV) to raise its charter capital from VND32.66 trillion to VND37.234 trillion, the central bank said in a post on its website. The Hanoi-based bank, officially known as Vietnam Joint Stock Commercial Bank for Industry and Trade (CTG), will increase its charter capital through issuing new [...] The post Vietinbank approved to raise charter capital to vnd37.2tln appeared first on Vietnam Business News.

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