The Business Times: Vietnam’s telcos ramp up for battle of the handsets

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• Vietnam’s telcos ramp up for battle of the handsets
• Vietnamese paper sector promising
• Coca Cola launches new line in central province
• Delayed tourism project leaves families jobless
• Shrimp exports predicted to reach 2.6 bln USD in 2013
• Complicated tax refund procedures put businesses against the wall
• Central bank eases debt hurdle
• VAMA’s auto sales rises 5th consecutive month
• Sep 16: Vietnam gold hovers inches up to vnd37.75mln/tael, dollar stable
• Inbound remittances to hit new record

Vietnam’s telcos ramp up for battle of the handsets Posted: 16 Sep 2013 01:17 AM PDT Local telco giants are making great strides in roll-outs of made-in-Vietnam smartphones. In late August 2013, VNPT Technology Joint Stock Company (under leading state telco group VNPT) launched its made-in-Vietnam smartphone Vivas Lotus S1. On the following day, military-run Viettel Group announced that since July, they had already rolled out 30,000 of their homegrown smartphone. [...] The post Vietnam's telcos ramp up for battle of the handsets appeared first on Vietnam Business News.

Vietnamese paper sector promising Posted: 16 Sep 2013 01:15 AM PDT Vietnamese pulp manufacturing has proved its attraction as the country remains the world's largest wood chip exporter for three consecutive years with a volume of 6 million tonnes, or 2.7 million tonnes of pulp, in 2012. At the Vietnam International Exhibition on Paper Chemicals and Technologies (Paper Vietnam 2013) in June, a host of viable [...] The post Vietnamese paper sector promising appeared first on Vietnam Business News.

Coca Cola launches new line in central province Posted: 16 Sep 2013 01:11 AM PDT DA NANG (VNS) — Coca-Cola Beverages Viet Nam Ltd (CCBVL) launched a new manufacturing line in central Da Nang City to raise production capacity for the Coca-Cola plant in the city’s Lien Chieu District. The new facility is in line with the company’s growth plans and will contribute to long-term economic growth in Viet Nam, [...] The post Coca Cola launches new line in central province appeared first on Vietnam Business News.

Delayed tourism project leaves families jobless Posted: 16 Sep 2013 01:09 AM PDT Eight years after it was licensed, the project to develop Binh Tien Tourist Park in Cong Hai Commune in Ninh Thuan Province’s Thuan Bac District has made no progress. No facility has been built on the land where 72 families live. In August 2005, the People’s Committee of Ninh Thuan Province granted a licence that [...] The post Delayed tourism project leaves families jobless appeared first on Vietnam Business News.

Shrimp exports predicted to reach 2.6 bln USD in 2013 Posted: 16 Sep 2013 01:07 AM PDT Vietnam expects to earn around 2.6 billion USD from shrimp exports in 2013, up by 15 percent against last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The positive forecast has been attributed to the sharply increasing price of domestic shrimp, which is expected to bring higher profits to shrimp breeders [...] The post Shrimp exports predicted to reach 2.6 bln USD in 2013 appeared first on Vietnam Business News.

Complicated tax refund procedures put businesses against the wall Posted: 16 Sep 2013 01:05 AM PDT  The delay in refunding VAT to enterprises has pushed a lot of them to death. Dying of complicated procedures Phan Quynh Anh, Director of the Dong Duong Tea and Coffee Production Company in HCM City said her company has halted the operation because it has run out of money, while the next pepper crop is [...] The post Complicated tax refund procedures put businesses against the wall appeared first on Vietnam Business News.

Central bank eases debt hurdle Posted: 16 Sep 2013 01:03 AM PDT HCM CITY (VNS) — Many banks are hoping to offload their bad debts on the new asset management company after the central bank removed a major hurdle to selling their bad debts to the new asset management company, according to analysts. The State Bank of Viet Nam (SBV) recently set up the Viet Nam Asset [...] The post Central bank eases debt hurdle appeared first on Vietnam Business News.

VAMA’s auto sales rises 5th consecutive month Posted: 16 Sep 2013 12:59 AM PDT Total auto sales of Vietnam Automobile Manufacturers’ Association (VAMA) were estimated to reach 7,902 units in August , increasing 12% on year, posting a fifth consecutive month of auto sales growth. In Jan-Aug period, the association's auto sales were estimated to grow by 17% year on year. In which, sales of 4-seat cars soared by [...] The post VAMA's auto sales rises 5th consecutive month appeared first on Vietnam Business News.

Sep 16: Vietnam gold hovers inches up to vnd37.75mln/tael, dollar stable Posted: 15 Sep 2013 10:34 PM PDT This morning Vietnam gold was traded slightly up by VND50,000/tael versus last weekend to VND37.75 million/tael, following the world suit. Hochiminh was traded at VND37.55 million/tael for bid and VND38.75 million/tael for ask respectively as of 10:30 am, Hanoi time. SJC in the North quoted at VND37.55 million/tael for bid and VND37.75 million/tael for ask. [...] The post Sep 16: Vietnam gold hovers inches up to vnd37.75mln/tael, dollar stable appeared first on Vietnam Business News.

Inbound remittances to hit new record Posted: 15 Sep 2013 10:21 PM PDT Viet Nam is forecast to receive between US$4.5-4.8 billion worth of overseas remittances this year – the figure that will remarkably surpass the US$4.1 billion level of 2012. Ho Chi Minh City is the country's biggest inward remittances receiver, getting around US$2.5 billion for the first eight months of this year. Remittances to Viet Nam [...] The post Inbound remittances to hit new record appeared first on Vietnam Business News.

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