The Business Times: Vinacomin proposes to raise coal prices for electricity generators

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• Vinacomin proposes to raise coal prices for electricity generators
• Vietnam to resume 1993 bankruptcy law?
• Festival to promote Hanoi’s craft village tourism
• VN approves multilateral currency swap arrangement
• VTC telecom licence revoked for Delays
• Legal framework on casinos eyed
• MoF yet to provide investor protection
• Vietnam attracts US$12.63 billion FDI in eight months
• Asset firm queried on non-performing loans
• VN urges US to issue fair ruling

Vinacomin proposes to raise coal prices for electricity generators Posted: 24 Aug 2013 12:26 AM PDT The Vietnam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) has officially proposed to raise coal prices sold to electricity generators. The coal group also suggested the Government to cut export tax for coal to 10% from current 13%, VTV.vn reported. Average coal export volume has fallen to 0.12 million ton/month since the Government [...] The post Vinacomin proposes to raise coal prices for electricity generators appeared first on Vietnam Business News.

Vietnam to resume 1993 bankruptcy law? Posted: 24 Aug 2013 12:02 AM PDT Vietnam is likely to resume 1993 law on bankruptcy as the 2004 law is said to cause obstacles for those businesses which still have assets but not able to sell.  The resume of 1993 bankruptcy law is proposed by the court. Vietnam Chamber of Commerce and Industry (VCCI) is seeking businesses' opinion on the draft [...] The post Vietnam to resume 1993 bankruptcy law? appeared first on Vietnam Business News.

Festival to promote Hanoi’s craft village tourism Posted: 23 Aug 2013 11:40 PM PDT More than 400 pavilions will be set up to present tourism programmes, culinary culture and products of traditional craft villages of Hanoi and Red River Delta provinces during a festival in the capital city from October 9–12. At the event, visitors will be given a chance to observe artisans at work and try their hands [...] The post Festival to promote Hanoi's craft village tourism appeared first on Vietnam Business News.

VN approves multilateral currency swap arrangement Posted: 23 Aug 2013 11:37 PM PDT Vietnamese Deputy Prime Minister Vu Van Ninh has approved the draft of the new Chiang Mai Initiative Multilateralization (CMIM) Agreement, which will replace the one signed in March 2010. Deputy PM Ninh has assigned the Governor of the State Bank of Vietnam Nguyen Van Binh and the Minister of Finance Dinh Tien Dung to sign [...] The post VN approves multilateral currency swap arrangement appeared first on Vietnam Business News.

VTC telecom licence revoked for Delays Posted: 23 Aug 2013 11:34 PM PDT The Ministry of Information and Communications signed its decision to revoke a telecom licence for the Viet Nam Multimedia Corporation (VTC) on Tuesday. The move was made following a proposal from the ministry’s Telecommunications Department blaming the VTC for failing to carry out its licensed project on time. Since receiving its licence, No 856/GP-BTTTT, on [...] The post VTC telecom licence revoked for Delays appeared first on Vietnam Business News.

Legal framework on casinos eyed Posted: 23 Aug 2013 11:30 PM PDT Law-makers last week advocated the creation of the country's first legal framework regulating casino businesses, while also outlining restricting certain elements of the sector's operations. Chairman of the National Assembly Nguyen Sinh Hung at the meeting of National Assembly Standing Committee last week in Hanoi said a decree on casino business was needed, but he [...] The post Legal framework on casinos eyed appeared first on Vietnam Business News.

MoF yet to provide investor protection Posted: 23 Aug 2013 11:25 PM PDT HA NOI – The idea of setting up an investor protection scheme was presented to the Ministry of Finance three years ago by the Viet Nam Association of Financial Investors. So far, there has been no response. The association (VAFI) recently repeated its proposal after the ministry on July 30 issued a circular providing guidance [...] The post MoF yet to provide investor protection appeared first on Vietnam Business News.

Vietnam attracts US$12.63 billion FDI in eight months Posted: 23 Aug 2013 11:18 PM PDT Vietnam's foreign investment capital over the past eight months totalled US$12.63 billion, an increase of 19.5% on 2012. The Foreign Investment Agency (FIA) reports that as of August 20, almost 770 new projects were licensed representing registered capital of over US$7.4 billion, a year-on-year increase of 12.2%. As many as 296 projects contributed an additional [...] The post Vietnam attracts US$12.63 billion FDI in eight months appeared first on Vietnam Business News.

Asset firm queried on non-performing loans Posted: 23 Aug 2013 11:14 PM PDT The Viet Nam Asset Management Company (VAMC) has been operating for nearly one month. However, investors still lack information about how the company will buy non-performing loans (NPLs) from banks. As an international finance organisation with experience in resolving bad debts in emerging markets, the World Bank Group’s International Finance Corporation (IFC) said it had [...] The post Asset firm queried on non-performing loans appeared first on Vietnam Business News.

VN urges US to issue fair ruling Posted: 23 Aug 2013 11:11 PM PDT HA NOI (VNS)— Viet Nam expects the US International Trade Commission (ITC) to make an objective and fair decision over frozen warm-water shrimp imported from the Southeast Asian nation. “The ITC’s decision should be in line with the spirit of free and fair trade as well as growing economic and trade ties between the two [...] The post VN urges US to issue fair ruling appeared first on Vietnam Business News.

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