The Business Times: VN plans to tighten control over use of digital signatures

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• VN plans to tighten control over use of digital signatures
• Telco gets go-ahead for pay-TV
• Auto industry faces crossroads ahead of ASEAN trade pact
• Flag carrier announces IPO plan
• Vietnam warned it gets stuck in the low-growth trap
• Paint market changes colors
• Mooncake exported to US, Cambodia
• Luxury Hanoi hotels attract more domestic investor cash
• Vietnam banks book over vnd24tln pre-tax profit in h1
• Vietnam’s NPL attractive to foreign investors

VN plans to tighten control over use of digital signatures Posted: 09 Aug 2013 11:45 PM PDT  The organizations and individuals using the digital signature services provided by foreign firms such as VeriSign or Global Sign have been told that they are breaking the Vietnamese laws. Dao Dinh Kha, Director of the National Center Of Digital Signature Authentication, has affirmed that this is the behavior of violating the laws to use the [...] The post VN plans to tighten control over use of digital signatures appeared first on Vietnam Business News.

Telco gets go-ahead for pay-TV Posted: 09 Aug 2013 11:39 PM PDT The Ministry of Information and Communication on Wednesday, Aug 7, issued a licence to FPT Telecoms to provide a paid TV service in Viet Nam, despite strong opposition from the Viet Nam Pay Television Association. The company will offer a digital, cable TV service nationwide and make analogue cable TV service available around the country [...] The post Telco gets go-ahead for pay-TV appeared first on Vietnam Business News.

Auto industry faces crossroads ahead of ASEAN trade pact Posted: 09 Aug 2013 11:37 PM PDT Viet Nam’s automotive industry could face major collapse under commitments to the ASEAN Free Trade Area (AFTA) which will abolish auto import taxes in 2018. ASEAN + will waive taxes on car imports between ASEAN member countries, as well as Japan, South Korea and China, who are party to the agreement. The tax cut poses [...] The post Auto industry faces crossroads ahead of ASEAN trade pact appeared first on Vietnam Business News.

Flag carrier announces IPO plan Posted: 09 Aug 2013 11:36 PM PDT National flag carrier Vietnam Airlines plans to launch its long-delayed initial public offering by the end of the second quarter of 2014. Its executives believe the share price will be higher than its par value of 10,000 VND (0.48 USD). Vietnam Airlines General Director Pham Ngoc Minh said the attraction of the airline stocks did not rely [...] The post Flag carrier announces IPO plan appeared first on Vietnam Business News.

Vietnam warned it gets stuck in the low-growth trap Posted: 09 Aug 2013 11:35 PM PDT While the global economies have warmed up, Vietnam still has been bogging down in its big difficulties. Vietnamese businesses get more pessimistic than ever According to the General Department of Statistics, the total retain turnover of goods and services in the first seven months of the year increased by 12 percent only in comparison with [...] The post Vietnam warned it gets stuck in the low-growth trap appeared first on Vietnam Business News.

Paint market changes colors Posted: 09 Aug 2013 11:35 PM PDT The number of paint manufacturers in Vietnam has increased to approximately 600, thus making the competition in the market become stiffer than ever. Foreign big guys increase pressure According to the Vietnam Paint and Printing Ink Association, Vietnam churns out 250 million liters of paint a year, including 180 million liters of decoration paint. Most [...] The post Paint market changes colors appeared first on Vietnam Business News.

Mooncake exported to US, Cambodia Posted: 09 Aug 2013 11:32 PM PDT The Kinh Do Confectionery Corporation (KDC) on August 8 announced that it has exported five containers of mooncake to the United States and Cambodia. The company is expected to produce 2,400 tonnes of mooncake to serve the demand of domestic and foreign markets during this year's mid-autumn season. Last year, the volume was about 2,100 [...] The post Mooncake exported to US, Cambodia appeared first on Vietnam Business News.

Luxury Hanoi hotels attract more domestic investor cash Posted: 09 Aug 2013 11:30 PM PDT As foreign owned high-end hotels in Hanoi struggle with a number of issues, including the country's economic downturn, the real estate market crash, over supply and the reality that many international tourists are tightening their belts, domestic investors are relishing the opportunity to acquire them. According to Phan Xuan Can, chairman of SohoVietnam, a merger [...] The post Luxury Hanoi hotels attract more domestic investor cash appeared first on Vietnam Business News.

Vietnam banks book over vnd24tln pre-tax profit in h1 Posted: 09 Aug 2013 11:29 PM PDT The local newswire VnEconomy.vn cited its private source as saying that commercial banks in Vietnam earned a total VND24.2 trillion pre-tax profits in the first half of 2013, up 1.9% over the same period of last year. According to the source, compiled data showed that slow lending growth led to lower net interest income in [...] The post Vietnam banks book over vnd24tln pre-tax profit in h1 appeared first on Vietnam Business News.

Vietnam’s NPL attractive to foreign investors Posted: 09 Aug 2013 11:29 PM PDT While Vietnamese banks are not much interested in selling bad debt for debt settlement companies, many foreign investors are very excited.   Speaking at a seminar in Hanoi on Thursday, Mr. John Sheehan – former executive director of Lehman Brothers Bank, confirmed that billions of dollars are waiting to run into Vietnam. John had experience [...] The post Vietnam's NPL attractive to foreign investors appeared first on Vietnam Business News.

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