Saturday, August 3, 2013

The Business Times: VTC loses virtual mobile licence

The Business Times: VTC loses virtual mobile licence

Link to Vietnam Business News

VTC loses virtual mobile licence

Posted: 03 Aug 2013 12:36 AM PDT

HA NOI (VNS)— Viet Nam Multimedia Corp (VTC) will have its virtual mobile network licence revoked after failing to provide a service within the scheduled time limit, according to the Ministry of Information and Communication. The move closes the door on the virtual mobile network segment in Viet Nam four years since the first licence [...]

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Latex price drop hits farms, firms

Posted: 03 Aug 2013 12:31 AM PDT

HA NOI (VNS)— Falling rubber prices have been hitting local farmers and businesses for over a year. The price had fallen sharply from VND25,000 per kilo in the Central Highlands in mid-2012 to VND8,000-9,000 per kilo today, according to farmers. Rubber market experts said the falling price was following a global trend because large importers [...]

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Boosting EU fruit and vegetable exports

Posted: 03 Aug 2013 12:29 AM PDT

Hanoi has hosted a seminar, organised by the European Trade Policy and Investment Support Project (EU-MUTRAP) and the Business Promotion and Service Centre. The seminar   reiterated the importance of food hygiene and safety standards to Vietnam's European produce export success. Participants recommended Vietnam implement Good Agriculture Practice (GAP) across the fruit and vegetable sector to [...]

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Garment, textile industry hopeful about Pacific trade

Posted: 03 Aug 2013 12:12 AM PDT

DONG NAI (VNS)— Domestic garment and textile companies will have many opportunities to increase exports as well as dismantle current trade barriers when the country becomes a member of Trans-Pacific Strategic Partnership (TPP). The assessment was voiced at a conference held yesterday in the southern province of Dong Nai by the province’s People’s Committee and [...]

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Vietnam housing loan package unused, redtape blamed

Posted: 03 Aug 2013 12:09 AM PDT

A US$1.42-billion cheap loan package the central bank unveiled two months ago for housing developers and low-income people and public workers has not helped reduce the housing inventory by much, with the program mired in red tape. A US$1.42-billion cheap loan package the central bank unveiled two months ago for housing developers and low-income people [...]

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FamilyMart still stays in Vietnam despite rumours

Posted: 02 Aug 2013 08:18 PM PDT

Japanese retailer FamilyMart has made a comeback in Vietnam's retail market with its opening a Ho Chi Minh City-based store. The FamilyMart shop based on Sky Garden tower in Ho Chi Minh City's District 1 resumed operation on July 30, 2013 after a time of cessation in operation due to the change of business partner. [...]

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Oil sector to focus on refinery, petrochemistry

Posted: 02 Aug 2013 08:10 PM PDT

An executive from the Vietnam National Oil and Gas Group (PetroVietnam) has stressed the need to develop the refining and petrochemical industries to help safeguard national energy and food security. The industries are also essential to the country's industrialisation and modernisation, Tran Thi Binh, PetroVietnam Deputy General Director said at a seminar in the central [...]

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Food technology industry urged to hone competitive edge

Posted: 02 Aug 2013 08:06 PM PDT

Hanoi hosted an August 2 seminar discussing the Vietnamese technology industry's future orientations including long-term perspectives looking towards 2030. Vu Quoc Hung, deputy head of the Ministry of Industry and Trade's (MoIT) Industrial Policy and Strategy Institute, reported the industry's 2006–2010 growth rate stood at roughly 16 percent, Its best performing divisions included confectionery (nearly [...]

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TPP Agreement to help boost Vietnam’s exports

Posted: 02 Aug 2013 08:05 PM PDT

Being a party to a successfully negotiated Trans-Pacific Partnership Agreement (TPP) will offer the Vietnamese trade sector, including its garment and textile industries, an excellent opportunity to promote exports and bypass tariff barriers. This positive assessment was delegate consensus at an August 2 seminar on the TPP's implications for garment and textile businesses, hosted by [...]

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5.5% GDP target within reach?

Posted: 02 Aug 2013 08:03 PM PDT

Although the economic recession is finally beginning to bottom out, Vietnam may find its 5.5% GDP target a hard nut to crack. Inflation under control The National Financial Supervisory Commission believes Vietnam's macroeconomic stabilisation efforts are paying off, minimising inflation and restoring foreign investors' trust in the government's performance. The commission quoted a General Statistics [...]

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