The Business Times: Vietnam would take slower, wiser steps in attracting FDI

---

• Vietnam would take slower, wiser steps in attracting FDI
• Seminar discusses M&A strategy
• SBV unexpectedly raises dollar prices, exporters leap for joy
• Sacombank opens new headquarters in Laos
• Shortlist due for Binh Dinh’s $27b oil project
• DoIC to inspect telecoms
• Ministry suggests allowing foreigners to buy houses without limitation
• Banks keep wait-and-see attitude, reluctant to sell bad debts
• Government considers issuing international bonds
• Small-expensive hotels in Hanoi’s old quarter put on sale

Vietnam would take slower, wiser steps in attracting FDI Posted: 13 Aug 2013 12:32 AM PDT The head of the Ministry of Planning and Investment, when admitting that Vietnam has lagged behind the neighboring countries in attracting foreign direct investment (FDI), has reassured the public that Vietnam has become "wiser" in licensing foreign invested projects. "We have become wiser with stricter regulations, which can explain why the gap between the registered [...] The post Vietnam would take slower, wiser steps in attracting FDI appeared first on Vietnam Business News.

Seminar discusses M&A strategy Posted: 13 Aug 2013 12:31 AM PDT A seminar was held in Hanoi on August 12 to discuss mergers and acquisitions (M&A) strategy. The General Director of Denscombe Corp, Professor Nigel Denscombe emphasized that the M&A strategy will be the best option for the Vietnamese market in its initial stage to make breakthroughs in economic growth. Professor Nigel Denscombe advised that businesses [...] The post Seminar discusses M&A strategy appeared first on Vietnam Business News.

SBV unexpectedly raises dollar prices, exporters leap for joy Posted: 13 Aug 2013 12:30 AM PDT The move by the State Bank of Vietnam of raising the dollar buy price has been commented as showing its determination to keep the dong/dollar exchange rate stable. On August 7, the State Bank Exchange unexpectedly raised the dollar buy price from VND20,826 to VND21,000 per dollar. In fact, the VND21,000 per dollar threshold was [...] The post SBV unexpectedly raises dollar prices, exporters leap for joy appeared first on Vietnam Business News.

Sacombank opens new headquarters in Laos Posted: 13 Aug 2013 12:29 AM PDT The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) inaugurated the new headquarters of its branch in Vientiane, Laos, on August 12. At the inauguration ceremony, Sacombank deputy director Nguyen Minh Tam said over the past five years the branch has provided local clients with convenient financial services, winning their trust. Apart from special promotions, [...] The post Sacombank opens new headquarters in Laos appeared first on Vietnam Business News.

Shortlist due for Binh Dinh’s $27b oil project Posted: 13 Aug 2013 12:27 AM PDT Tran Thi Thu Ha, deputy chairwoman of the People’s Committee, was one of a number of local politicians and experts to speak about the proposed development of the major Thai-invested petrochemical complex. The Binh Dinh People’s Committee and the Petroleum Authority of Thailand (PTT) will on Thursday announce the list of international bidders and consultants [...] The post Shortlist due for Binh Dinh's $27b oil project appeared first on Vietnam Business News.

DoIC to inspect telecoms Posted: 12 Aug 2013 10:10 PM PDT The HCM City Department of Information and Communications will inspect all telecom companies operating in the city to check their management of prepaid mobile phone subscribers. According to the department, a subsidiary of the Ministry of Information and Communications (MIC), the management of prepaid mobile communications still has many problems. Up to 90 percent of [...] The post DoIC to inspect telecoms appeared first on Vietnam Business News.

Ministry suggests allowing foreigners to buy houses without limitation Posted: 12 Aug 2013 10:03 PM PDT The Ministry of Construction (MOC) has proposed the government to allow all the foreigners, who have the visas to stay in Vietnam for 3 months or more, to buy houses in Vietnam. No limitation in the number of houses on the subjects would be set. The ministry believes that the current policies on allowing foreigners [...] The post Ministry suggests allowing foreigners to buy houses without limitation appeared first on Vietnam Business News.

Banks keep wait-and-see attitude, reluctant to sell bad debts Posted: 12 Aug 2013 10:00 PM PDT A lot of banks have affirmed that they are willing to sell bad debts to the Vietnam Asset Management Company (VAMC). However, no official deal has been made so far, since banks still "listen to the news." Domestic banks stay indecisive ACB remains the only commercial bank which has sent word so far intimating that [...] The post Banks keep wait-and-see attitude, reluctant to sell bad debts appeared first on Vietnam Business News.

Government considers issuing international bonds Posted: 12 Aug 2013 10:00 PM PDT According to the Resolution of the cabinet meeting in July 2013, the government agreed to issue a separate resolution on the issuance of international bonds. Earlier, in the regular session of the Government dated July 30, the Finance Ministry presented the plan to issue Government bonds in the international capital market. “The government discussed and [...] The post Government considers issuing international bonds appeared first on Vietnam Business News.

Small-expensive hotels in Hanoi’s old quarter put on sale Posted: 12 Aug 2013 09:56 PM PDT A lot of 2-3 mini hotels in the ancient town of Hanoi, the commercial hub which is called the "golden land area" thanks to the high profitability, have been offered for sale. A small ad offering for sale a hotel in Hanoi’s old quarter. The common characteristics of the hotels are that they are located [...] The post Small-expensive hotels in Hanoi's old quarter put on sale 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