The Business Times: Vietnam sees rise in global competitive capacity

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• Vietnam sees rise in global competitive capacity
• Tra fish subject to high US duties again
• RoK supports chilli farming in Ninh Thuan
• Navibank plans to sell bad loans to VAMC
• Vinamilk leads Forbes Vietnam’s list of top 50
• Expats enjoy low house rents in economic recession
• Hanoi luxury condo market: A shining star
• Hyundai dogged by resident rights row
• Electricity output increases 10% yoy in jan-aug
• Vietnam Airlines seeks for strategic partner in q4/2013

Vietnam sees rise in global competitive capacity Posted: 05 Sep 2013 12:24 AM PDT Vietnam has jumped five notches to 70th among 148 economies listed in the World Economic Forum's 2013-2014 Global Competitiveness Report. According to the report, Vietnam's macroeconomic environment was improved considerably, rising almost 20% to 87th position. Inflation was brought under control to a single-digit figure in 2012, alongside improved quality of transport and energy infrastructure. Vietnam also [...] The post Vietnam sees rise in global competitive capacity appeared first on Vietnam Business News.

Tra fish subject to high US duties again Posted: 05 Sep 2013 12:20 AM PDT The US Department of Commerce has decided to impose new anti-dumping taxes on tra (Pangasius) fish fillets imported from Vietnam. Under the DOC's recent 9th administrative review (POR 9), the Vietnamese fish products imported into the US from August 1, 2011 to July 31, 2012 will be subject to high tax rates. Notably, the rates increased [...] The post Tra fish subject to high US duties again appeared first on Vietnam Business News.

RoK supports chilli farming in Ninh Thuan Posted: 05 Sep 2013 12:18 AM PDT Ninh Thuan province on September 4 signed a cooperation agreement with CJ CHEIL JEDANG (CJ group) of the Republic of Korea to develop a chilli growing area and processing plant. Under the deal, a growing area of 500-600 ha will be developed with an expected output of 12,000 tonnes of fresh chilli per annum. About [...] The post RoK supports chilli farming in Ninh Thuan appeared first on Vietnam Business News.

Navibank plans to sell bad loans to VAMC Posted: 05 Sep 2013 12:18 AM PDT Nam Viet Commercial Joint Stock Bank (Navibank) said one of its schemes to get rid of bad debts was to sell part of them at book value to the Vietnam Asset Management Company (VAMC), according to a manager of the HNX-listed lender. However, the volume has yet been decided by the Board of Directors (BOD), [...] The post Navibank plans to sell bad loans to VAMC appeared first on Vietnam Business News.

Vinamilk leads Forbes Vietnam’s list of top 50 Posted: 05 Sep 2013 12:14 AM PDT Forbes Vietnam, the Vietnamese edition of the international Forbes magazine, has announced a list of the top 50 best companies on the country’s stock exchange. Included in the list, the first of its kind, are some of the biggest companies in the market as well as small-and medium-sized businesses that have excellent operational results. As [...] The post Vinamilk leads Forbes Vietnam’s list of top 50 appeared first on Vietnam Business News.

Expats enjoy low house rents in economic recession Posted: 04 Sep 2013 11:51 PM PDT Vietnamese landlords have to lower the rents and offer more preferences to retain foreigners – the VIP clients who never delay their payment – in the context of oversupply. A lot of Vietnamese have been living well over the last many years by leasing houses or apartments to foreigners. In general, the houses or apartments [...] The post Expats enjoy low house rents in economic recession appeared first on Vietnam Business News.

Hanoi luxury condo market: A shining star Posted: 04 Sep 2013 11:41 PM PDT Most recent discussion about housing has focused on the social segment and what impact the Vietnamese government's VND30 trillion ($1.4 billion) loan subsidy programme will have on the market for this type of housing. Meanwhile multiple mid-priced, half-built mass housing projects encircle Vietnam's major cities like concrete skeletons: even the few that are completing and [...] The post Hanoi luxury condo market: A shining star appeared first on Vietnam Business News.

Hyundai dogged by resident rights row Posted: 04 Sep 2013 11:39 PM PDT Residents in the high-end residential Hyundai Hillstate in Hanoi's Ha Dong district have petitioned to the local authorities, claiming that the investor had imposed disadvantageous conditions on buyers in their draft purchasing contracts. Attorney Bui Quang Hung, representing the residents, sent a document to the Vietnam Competition Authority (VCA) under the Ministry of Industry and [...] The post Hyundai dogged by resident rights row appeared first on Vietnam Business News.

Electricity output increases 10% yoy in jan-aug Posted: 04 Sep 2013 11:37 PM PDT Total commercial electricity output was estimated to reach 76 billion kWh in the first eight months of this year, increasing 9.64% from a year ago, the Vietnam Electricity (EVN) announced. In which, the domestic commercial electricity output rose by 9.53%. Vietnam saved total of 1.7 billion kWh in the first eight months of the year, [...] The post Electricity output increases 10% yoy in jan-aug appeared first on Vietnam Business News.

Vietnam Airlines seeks for strategic partner in q4/2013 Posted: 04 Sep 2013 11:35 PM PDT The National flag carrier of Vietnam-Vietnam Airlines or VNA plans to seek for one strategic investor in the fourth quarter of this year to prepare for its initial public offering (IPO) next year, the local newspaper Vneconomy reported. VNA considers equitization as one of its key missions in 2013 and has been moving equitization as [...] The post Vietnam Airlines seeks for strategic partner in q4/2013 appeared first on Vietnam Business News.

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