The Business Times: Auto sector imports up 33% during September

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• Auto sector imports up 33% during September
• India imports more tra fish from Vietnam
• Vietnam-Singapore trade turnover picks up
• Two localities promote investment in the RoK
• Competent agencies’ delays harms jewelry industry
• How can Vietjet Air arrange $9.1 billion to buy 100 aircrafts?
• Decree aids struggling rice exporters
• Vietnam considers selling a bank to foreigners
• Privately-funded infrastructure projects in city stalled
• VAMC signs the first bad debt purchasing contract

Auto sector imports up 33% during September Posted: 01 Oct 2013 01:26 AM PDT HA NOI (VNS)  — Viet Nam imported 3,000 cars worth US$55 million in September, up 33 per cent in volume and 18 per cent in value in August, according to the General Department of Customs. This brought the total number of automobile imports in the first nine months to 24,000 units worth $476 million, up [...] The post Auto sector imports up 33% during September appeared first on Vietnam Business News.

India imports more tra fish from Vietnam Posted: 01 Oct 2013 01:21 AM PDT Over the past three years, Vietnam's tra fish has become a favourite dish at Indian restaurants. India's seafood output grew by 7% in 2008-2009 but by 3.5% in 2012-2013. In 2012, Vietnam's frozen fish exports to India hit US$7.69 million, making up 73% of India's total imports worth US$10.503 million. In the first eight months [...] The post India imports more tra fish from Vietnam appeared first on Vietnam Business News.

Vietnam-Singapore trade turnover picks up Posted: 01 Oct 2013 01:19 AM PDT By the end of August, two-way trade turnover between Vietnam and Singapore hit more than SGD11 billion, a-year-on-year increase of 3.5%. According to the Singapore Department of Statistics, Vietnam fetched SGD2.1 billion from its exports to Singapore in the first eight months of 2013, 18.5% higher than the same period last year. Three groups of high-value earners [...] The post Vietnam-Singapore trade turnover picks up appeared first on Vietnam Business News.

Two localities promote investment in the RoK Posted: 01 Oct 2013 01:13 AM PDT Despite the impact of global economic downturn, Vietnam achieved its high growth of 5.8% in 2011 and 5.03% in 2012. Ambassador to the Republic of Korea Tran Trong Toan emphasised this at a conference held in Seoul, the RoK on Sept 30 to promote investment in Ha Tinh and Ha Nam provinces. Toan appreciated the [...] The post Two localities promote investment in the RoK appeared first on Vietnam Business News.

Competent agencies’ delays harms jewelry industry Posted: 01 Oct 2013 01:03 AM PDT Jewelry companies had to wait for the State Bank of Vietnam's nod to import gold materials for domestic processing. And now they have to wait for a circular from the Ministry of Science and Technology to turn this into reality. The State Bank of Vietnam has agreed in principle to grant licenses to some jewelry [...] The post Competent agencies' delays harms jewelry industry appeared first on Vietnam Business News.

How can Vietjet Air arrange $9.1 billion to buy 100 aircrafts? Posted: 01 Oct 2013 01:00 AM PDT In order to have money for the 100 Airbuses, VietjetAir will have to seek capital from different channels, including the export credit financing, commercial loans from foreign banks or IPO (initial public offering). VietjetAir, the Vietnamese private airline on September 25 signed a memorandum of understanding (MoU) with the world’s leading aircraft manufacturer Airbus for [...] The post How can Vietjet Air arrange $9.1 billion to buy 100 aircrafts? appeared first on Vietnam Business News.

Decree aids struggling rice exporters Posted: 01 Oct 2013 01:00 AM PDT HA NOI  (VNS)  — Viet Nam will limit the number of rice exporters to 150 starting in 2015, according to a new Ministry of Industry and Trade decree. Despite being of the world’s second biggest rice exporter, Viet Nam still faces many challenges in rice manufacturing and exporting. In the first eight months of the [...] The post Decree aids struggling rice exporters appeared first on Vietnam Business News.

Vietnam considers selling a bank to foreigners Posted: 01 Oct 2013 12:55 AM PDT Eight out of the nine weak banks have finished the restructuring process, while the ninth one may be sold to foreign investors. There is no precedent for such a move in Vietnam. The State Bank has made an ambiguous statement that it is awaiting the Prime Minister's decision on the suggested GP Bank restructuring plan, [...] The post Vietnam considers selling a bank to foreigners appeared first on Vietnam Business News.

Privately-funded infrastructure projects in city stalled Posted: 01 Oct 2013 12:51 AM PDT Many privately-funded infrastructure projects in the city have come to a dead halt as the economic downturn has choked off capital for these schemes, especially road, bridge and parking lot projects. Construction of the underground parking lot project at Le Van Tam Park in HCMC's District 1, for example, will be put on hold until [...] The post Privately-funded infrastructure projects in city stalled appeared first on Vietnam Business News.

VAMC signs the first bad debt purchasing contract Posted: 01 Oct 2013 12:45 AM PDT The contract worth over VND1.7 trillion will be signed between the state-run Vietnam Assets Management Company (VAMC) with the Bank for Agriculture and Rural Development (Agribank) today, October 1. Three other contracts will be signed with the three banks of SCB, SHB and PGBank later. Mr. Nguyen Quoc Hung, Vice President of VAMC, said the [...] The post VAMC signs the first bad debt purchasing contract appeared first on Vietnam Business News.

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