The Business Times: Big telecom groups join the OTT battle

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• Big telecom groups join the OTT battle
• Vietnam climbs IT software exports ladder
• Banks switch to individual borrowers to improve profits
• Stocks retreat after two days of gains
• Vietnam’s agriculture hungry for change
• Milk now on price stabilization list
• Ha Long Bay enters world’s most dramatic coastline list
• Property developers woo buyers with incentives
• Oct 3: Vietnam central bank keeps dollar exchange at vnd21,036
• The other side of the property market

Big telecom groups join the OTT battle Posted: 02 Oct 2013 07:23 PM PDT Some telecom groups are preparing to provide OTT service on 3G network, which allows the connection from phones, computers to mobile phones. Analysts believe that the OTT battle may turn to a new branching road. Some IT firms are planning to join the OTT market with a new product which allows connecting both mobile phones [...] The post Big telecom groups join the OTT battle appeared first on Vietnam Business News.

Vietnam climbs IT software exports ladder Posted: 02 Oct 2013 07:21 PM PDT iet Nam has surpassed India in software exports to Japan to rank second behind China and is also among the top 10 software exporting nations, according to the IT industry business group. Analysts attributed the industry’s success to the strong growth of domestic software companies due to their constant effort to develop technologies. FPT Telecom’s [...] The post Vietnam climbs IT software exports ladder appeared first on Vietnam Business News.

Banks switch to individual borrowers to improve profits Posted: 02 Oct 2013 07:18 PM PDT Facing difficulties in launching big lending programmes, banks are switching to small loans to individual borrowers with an expectation to improve their profits by the end of the year. In previous years, when enterprises' operations were not difficult and credit growth was good, banks' profits were much expected in big loans to large borrowers. But, [...] The post Banks switch to individual borrowers to improve profits appeared first on Vietnam Business News.

Stocks retreat after two days of gains Posted: 02 Oct 2013 07:16 PM PDT Although the VN-Index fell back slightly after two consecutive rising sessions, the local market saw transactions leaping on Tuesday with turnover soaring 62% to VND1.6 trillion. Stocks gained in early trade but fell in the afternoon as the U.S government started on Tuesday to shut down after Congress failed to reach a compromise bill to [...] The post Stocks retreat after two days of gains appeared first on Vietnam Business News.

Vietnam’s agriculture hungry for change Posted: 02 Oct 2013 07:13 PM PDT Time is ripe for Vietnam to adopt a different approach to food security, Nguyen Van Bo, director general of the Vietnam Agriculture Science Institute, told the Thoi bao Kinh te Viet Nam newspaper. * It is time for us to review what we have learned in more than 25 years of economic development. As the [...] The post Vietnam’s agriculture hungry for change appeared first on Vietnam Business News.

Milk now on price stabilization list Posted: 02 Oct 2013 07:10 PM PDT The Ministry of Health is drafting a circular stating that milk products are now on the price stabilization list as instructed by the Prime Minister. According to the draft circular posted on the website of the Vietnam Food Administration, products managed by the Law on Price include nutritional food and supplements for children aged less [...] The post Milk now on price stabilization list appeared first on Vietnam Business News.

Ha Long Bay enters world’s most dramatic coastline list Posted: 02 Oct 2013 07:08 PM PDT Ha Long Bay was named as one of the world’s Top 10 dramatic coastlines by Huffington Post, a US-based prestigious online news website. According to Huffington Post, Ha Long Bay is a UNESCO-recognized wonderland of over 3,000 whimsically-shaped islands jutting sharply out of the tranquil green waters. Aside from sheer visual splendor, Ha Long Bay [...] The post Ha Long Bay enters world's most dramatic coastline list appeared first on Vietnam Business News.

Property developers woo buyers with incentives Posted: 02 Oct 2013 07:05 PM PDT Real estate developers are using promotion programmes in a drive to win buyers as the downturn of the real estate market is continuing to mount. Property developers are introducing incentives that include supporting buyers in finding lessees for a share of rental payments made to the owner and temporarily subsidising potential lessors if they fail [...] The post Property developers woo buyers with incentives appeared first on Vietnam Business News.

Oct 3: Vietnam central bank keeps dollar exchange at vnd21,036 Posted: 02 Oct 2013 07:03 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Thursday, unchanged since June 28. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, Vietinbank lowered dollar prices for bid by [...] The post Oct 3: Vietnam central bank keeps dollar exchange at vnd21,036 appeared first on Vietnam Business News.

The other side of the property market Posted: 02 Oct 2013 07:01 PM PDT The frozen property market is largely characterized by the cash flow into projects being choked off, prompting developers to leave their projects idle or half-done, causing outcries among customers who have contributed funds to investors. Numerous lawsuits have been filed against investors who failed to deliver apartments to buyers on schedule or fail to execute [...] The post The other side of the property market appeared first on Vietnam Business News.

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