The Business Times: US investors invited to do business in VN

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• US investors invited to do business in VN
• Bad debt settlement: do it yourself
• Shareholders approve DaiABank-HDBank merger
• Trade with India to surpass $5b
• Syrena Viet Nam offers land to investors
• BIDV MetLife to join insurance market next year
• Car makers take early imports turn
• Rubber exports hit $1.68b in first 9 months of 2013
• VN economy sees dollarisation decline
• Vietnam’s inflation rate may exceed the 8% threshold in 2013

US investors invited to do business in VN Posted: 30 Sep 2013 12:33 AM PDT The US investors raised many frank questions and PM Dung responded with specific answers. Regarding the role of State-owned enterprises (SOEs), PM Dung said that the number of SOEs fell from 12,000 in 2001 to just 1,300 this year. Of this year”s figure, 100 corporations and groups will be equitized from now to 2020. Sectors [...] The post US investors invited to do business in VN appeared first on Vietnam Business News.

Bad debt settlement: do it yourself Posted: 30 Sep 2013 12:31 AM PDT Even though the State Bank has released the two important legal documents which guide the bad debt purchases, analysts still don't think the Vietnam Asset Management Company (VAMC) would be useful for the debt settlement. VAMC, asset management, bad debt VAMC, as a debt trader, needs to offer "good commodities" to attract buyers, which means [...] The post Bad debt settlement: do it yourself appeared first on Vietnam Business News.

Shareholders approve DaiABank-HDBank merger Posted: 30 Sep 2013 12:29 AM PDT Based in southern Dong Nai Province, DaiABank has chartered capital of VND3.1 trillion and nearly 70 transaction units in the country. Bad debts of the bank are reported in trade, steel, construction and real estate sectors. Meanwhile, HDBank has capital of VND5 trillion and 106 transaction points nationwide. The consolidated bank will keep the brand [...] The post Shareholders approve DaiABank-HDBank merger appeared first on Vietnam Business News.

Trade with India to surpass $5b Posted: 30 Sep 2013 12:28 AM PDT Two-way trade between Viet Nam and India is expected to reach US$5 billion by December and hit $7 billion in 2015. These figures were released at an on-line conference organised between Ha Noi and New Delhci on Thursday. According to the Ministry of Industry and Trade, India has become one of Viet Nam”s leading trade [...] The post Trade with India to surpass $5b appeared first on Vietnam Business News.

Syrena Viet Nam offers land to investors Posted: 30 Sep 2013 12:26 AM PDT Syrena Viet Nam, a member of BIM Group, invited investors to build hotels and trade centres on 51 land parcels at the Marina Bay project in northern Quang Ninh Province’s Ha Long City. The land parcels range in area from 800-6,200 square metres. Construction licenses were granted for buildings from four to 30 floors. About [...] The post Syrena Viet Nam offers land to investors appeared first on Vietnam Business News.

BIDV MetLife to join insurance market next year Posted: 29 Sep 2013 11:06 PM PDT The Bank for Investment & Development of Vietnam (BIDV), and Bank for Investment and Development of Vietnam Insurance Corporation (BIC) and MetLife Inc. have signed a contract to establish a life insurance joint venture (JV) in Vietnam. Under the contract, the Hanoi-based JV named BIDV MetLife will focus on life and health insurance with a [...] The post BIDV MetLife to join insurance market next year appeared first on Vietnam Business News.

Car makers take early imports turn Posted: 29 Sep 2013 11:03 PM PDT HA NOI (VNS) — The struggling Viet Nam car making industry is already turning to importing vehicles well before the country joins the ASEAN Free Trade Area (AFTA) in 2018. A report from the Viet Nam Automobile Manufacturers’ Association (VAMA) showed that its members sold 92,000 units in 2012, a fall of 33 per cent [...] The post Car makers take early imports turn appeared first on Vietnam Business News.

Rubber exports hit $1.68b in first 9 months of 2013 Posted: 29 Sep 2013 11:01 PM PDT HA NOI (VNS) — The country exported 100,000 tonnes of rubber this month, reaping a turnover of US$223 million, according to the Ministry of Agriculture and Rural Development’s statistics. The latest addition has brought the volume of exported rubber in the first nine months total to 710,000 tonnes, earning the country $1.68 billion. The exports, [...] The post Rubber exports hit $1.68b in first 9 months of 2013 appeared first on Vietnam Business News.

VN economy sees dollarisation decline Posted: 29 Sep 2013 11:00 PM PDT HA NOI (VNS) — The prevalence of US dollars in the Vietnamese economy had decreased significantly since the end of 2011 and the exchange rates had been stabilised, according to a State Bank of Viet Nam statement. The decline of dollarisation (the habit of using US dollars in daily activities and trades between local people [...] The post VN economy sees dollarisation decline appeared first on Vietnam Business News.

Vietnam’s inflation rate may exceed the 8% threshold in 2013 Posted: 29 Sep 2013 10:52 PM PDT  The consumer price index (CPI), after increasing by 0.83 percent in August, soared by another 1.06 percent in September. Analysts have warned the inflation rate in 2013 may go beyond 8 percent. Big challenges for government to curb inflation As such, the CPI has increased by 4.63 percent so far in comparison with December 2012. [...] The post Vietnam's inflation rate may exceed the 8% threshold in 2013 appeared first on Vietnam Business News.

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