The Business Times: PVF to delist next week after merger

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• PVF to delist next week after merger
• VN e-commerce firm wins regional award
• Local drinks face stiff competition
• PM demands dairy hike explanation
• Apartments go on sale in Gia Lam
• Quang Ngai urged to attract more investment
• Spain-Vietnam trade on the rise
• Ministry warns of overinvestment in rice warehouses
• Japan to grant vietnam $500mln ODA
• Vietnam receives $80bln ODA by end of 2013: MoPI

PVF to delist next week after merger Posted: 14 Sep 2013 12:26 AM PDT HA NOI (VNS)— Shares of PetroVietnam Finance (PVF) will be delisted from the HCM City Stock Exchange on September 24 as part of its merger with Western Bank. A meeting late last week officially announced the establishment of a new bank after the merger – PVcomBank. However, worries over the future of the bank after [...] The post PVF to delist next week after merger appeared first on Vietnam Business News.

VN e-commerce firm wins regional award Posted: 14 Sep 2013 12:23 AM PDT HA NOI (VNS)— Ngan Luong, a member company of pioneering Vietnamese e-commerce group, Peace Soft Solutions Corporation, seized the Red Herring 100 Asia award with its mobile payment solution MobiPay in Hong Kong last week. MobiPay is the first service in Southeast Asia to allow traditional retail stores or individuals to use mobile phones for [...] The post VN e-commerce firm wins regional award appeared first on Vietnam Business News.

Local drinks face stiff competition Posted: 14 Sep 2013 12:22 AM PDT HA NOI (VNS) — Local beer and beverage products will face fierce competition if the country does away with the import tax for beer and beverage products this year, which it must do in order to join the Trans Pacific Partnership. The current tax rate is 50 per cent for beer and alcohol and 30 [...] The post Local drinks face stiff competition appeared first on Vietnam Business News.

PM demands dairy hike explanation Posted: 14 Sep 2013 12:20 AM PDT HA NOI (VNS) — The Prime Minister asked the ministries of Health and Finance on Thursday to report the high price of milk on the local market. Because the milk price is not controlled by the Government, dairy companies can increase prices at any time. Some milk products were listed at US$4-5 (VND80,000-100,000) per unit [...] The post PM demands dairy hike explanation appeared first on Vietnam Business News.

Apartments go on sale in Gia Lam Posted: 14 Sep 2013 12:17 AM PDT Viglacera announced it would start to sell apartments in the Dang Xa low-income housing project in Gia Lam District on the outskirts of the capital on September 16. The project, which covers an area of 3.7ha and has five blocks, will supply the market with 1,139 apartments at a price of VND9 million per square [...] The post Apartments go on sale in Gia Lam appeared first on Vietnam Business News.

Quang Ngai urged to attract more investment Posted: 14 Sep 2013 12:03 AM PDT Prime Minister Nguyen Tan Dung has asked the central province of Quang Ngai to attract more foreign investment to develop its industrial parks and spur local economy. During the September 13 working session with key provincial leaders, Dung said that besides boosting industry, Quang Ngai should also advance the agricultural sector through increasing application of [...] The post Quang Ngai urged to attract more investment appeared first on Vietnam Business News.

Spain-Vietnam trade on the rise Posted: 13 Sep 2013 11:55 PM PDT Two-way trade between Vietnam and Spain rose 14% in the first half of this year to more than EUR1 billion, according to Spain Customs statistics. Of the total, Vietnamese exports fetched EUR930 million, up 13%, and its imports increased nearly 18% to EUR122 million. Vietnam mainly exports machinery, electric and electronic appliances, coffee, footwear, mechanical [...] The post Spain-Vietnam trade on the rise appeared first on Vietnam Business News.

Ministry warns of overinvestment in rice warehouses Posted: 13 Sep 2013 11:29 PM PDT The Ministry of Industry and Trade has warned local enterprises of the consequences of rice storage overinvestment, saying that the nation will face huge waste if enterprises keep on building such facilities in the future. According to statistics of the ministry and the Vietnam Food Association, rice exporters have strongly invested in storage facilities given [...] The post Ministry warns of overinvestment in rice warehouses appeared first on Vietnam Business News.

Japan to grant vietnam $500mln ODA Posted: 13 Sep 2013 11:23 PM PDT Japan will spend $ 500 million in official development assistance (ODA) for a number of infrastructure projects in Vietnam in the 2013 fiscal year, the local newsprovider Vietnamplus reported. The information was disclosed by Fumio Kishida-foreign Minister of Japan at the 5th meeting of Vietnam-Japan Cooperation Committee in Tokyo on September 12 on the occasion [...] The post Japan to grant vietnam $500mln ODA appeared first on Vietnam Business News.

Vietnam receives $80bln ODA by end of 2013: MoPI Posted: 13 Sep 2013 11:21 PM PDT Vietnam is estimated to receive total of $80 billion of Official Development Assistance (ODA) by end of this year. In which, the estimated ODA disbursement is $58 billion, the local newspaper Tienphong reported. Vietnam first received $1.8 billion ODA from international donors in 1993. The figure has been increased year by year and after 20 [...] The post Vietnam receives $80bln ODA by end of 2013: MoPI appeared first on Vietnam Business News.

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