The Business Times: Eight-month auto imports rise sharply

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• Eight-month auto imports rise sharply
• Coffee demand rising on price falls
• Steelmakers want higher prices though demand stays low
• Quang Ninh eyes casino project
• Tourism businesses struggle to compete
• Pepper exporters resort to imports
• Viet Nam appeals to Aus investors
• Korean investment encouraged in Vietnam
• PM requests SOEs to report profits, dividends
• Total assets of Vietnam banks grow 3.2% by end july

Eight-month auto imports rise sharply Posted: 13 Sep 2013 12:52 AM PDT Vietnam has imported 22,000 automobiles worth more than US$408 million in the first 8 months of 2013, up 21.9% in volume and 5.7% in value on the comparable period last year. According to the General Statistics Office, 9,900 imported completely built unit (CBU) automobiles defied the local auto market's general gloomy outlook. The Vietnam Automobile Manufacturers' [...] The post Eight-month auto imports rise sharply appeared first on Vietnam Business News.

Coffee demand rising on price falls Posted: 13 Sep 2013 12:46 AM PDT Many local exporters with strong finances are stocking up on coffee as prices are falling, at around VND37,000 a kilo, but supply is meager. Nguyen Thinh, the administrator of the website giacafe.com that provides local and global coffee prices, said in previous years coffee prices rose at the end of an old crop and at [...] The post Coffee demand rising on price falls appeared first on Vietnam Business News.

Steelmakers want higher prices though demand stays low Posted: 13 Sep 2013 12:44 AM PDT Local makers have said they are considering hiking prices of construction steel this month to explore market reactions and cover rising input costs, with each price spike equivalent to at least some VND150,000 a ton. The price rise of VND150,000 at a time is just a slight adjustment, Nguyen Tien Nghi, vice chairman of the [...] The post Steelmakers want higher prices though demand stays low appeared first on Vietnam Business News.

Quang Ninh eyes casino project Posted: 13 Sep 2013 12:30 AM PDT HA NOI (VNS) — The Tuan Chau Group (TCG) and US-based ISC Corporation yesterday signed a Memorandum of Understanding (MoU) on a project to build a US$7.5 billion entertainment and hotel complex in the Van Don economic zone. According to the MoU, the two sides will make a feasibility study for a project to build [...] The post Quang Ninh eyes casino project appeared first on Vietnam Business News.

Tourism businesses struggle to compete Posted: 13 Sep 2013 12:07 AM PDT Trademark building is an important lever for the development for tourism industry, but many local tourism businesses find themselves in a weak position to have a leg up on international competition. It was not until 2006 that the tourism sector began realizing the importance of building brands and trademarks. Most domestic tourism businesses have made [...] The post Tourism businesses struggle to compete appeared first on Vietnam Business News.

Pepper exporters resort to imports Posted: 13 Sep 2013 12:05 AM PDT As local pepper supply is nearly running out of stock, many exporters have had to temporarily import pepper from Indonesia and Brazil for re-exports to fulfill contracts they had signed earlier. Pepper exports totaled 103,000 tons in the first eight months of the year, meaning the nation has almost no pepper left for exports prompting [...] The post Pepper exporters resort to imports appeared first on Vietnam Business News.

Viet Nam appeals to Aus investors Posted: 13 Sep 2013 12:03 AM PDT HA NOI  (VNS)— Viet Nam, with a population of around 90 million, strong economic growth and close proximity to China, is one of the most appealing markets in Asia, according to the Australian Financial Review, a leading daily newspaper in Australia. Australia’s assistance with the construction of MyThuan Bridge in the south of Viet Nam [...] The post Viet Nam appeals to Aus investors appeared first on Vietnam Business News.

Korean investment encouraged in Vietnam Posted: 13 Sep 2013 12:02 AM PDT The Republic of Korea (RoK) is willing to share its development experience and encourage its businesses to invest in Vietnam. RoK Ambassador to Vietnam Jun Dae Joo made the statement at an international workshop jointly held in Hanoi on September 12 by the Vietnamese Ministry of Planning and Investment (MPI) and the Korea International Cooperation [...] The post Korean investment encouraged in Vietnam appeared first on Vietnam Business News.

PM requests SOEs to report profits, dividends Posted: 13 Sep 2013 12:00 AM PDT On behalf of the Prime Minister, Deputy Prime Minister Vu Van Ninh has directed State-owned corporations to report issues related to profits and dividends. In details, the Deputy Prime Minister asked ministries, ministerial-level agencies to direct the State owned corporations to report differences when selling State capital shares during equitization and use of these funds [...] The post PM requests SOEs to report profits, dividends appeared first on Vietnam Business News.

Total assets of Vietnam banks grow 3.2% by end july Posted: 12 Sep 2013 11:57 PM PDT Assets of the entire Vietnamese banking industry at the end of July 2013 totaled VND5,248.573 trillion, down by VND44.984 trillion from end June but still increasing 3.2% from late 2012, according to the State Bank of Vietnam (SBV)'s data. Except for group of financial leasing and finance companies (-1.6%), all other credit institutions witnessed a [...] The post Total assets of Vietnam banks grow 3.2% by end july appeared first on Vietnam Business News.

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