The Business Times: Breakthrough made in TPP negotiations on Vietnamese SOEs

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• Breakthrough made in TPP negotiations on Vietnamese SOEs
• Viettel to remain wholly State-owned
• It’s easy to buy, but difficult to re-sell bad debts
• More Malaysian investment encouraged
• Vietnam reveals US$2.13 billion ASEAN trade deficit
• Steel maker’s sales surge
• Shares edge higher nationwide
• Seafood producers hit by VAT issues and import duties

Breakthrough made in TPP negotiations on Vietnamese SOEs Posted: 18 Oct 2013 09:56 PM PDT Solutions have been found in the issues relating to the Vietnamese state owned enterprises (SOEs), one of the toughest topics in the negotiations for TPP. The immutable principle of TPP is to push up the trade liberalization and fair competition among enterprises, with no discrimination for private, foreign invested or domestic enterprises. There must be [...] The post Breakthrough made in TPP negotiations on Vietnamese SOEs appeared first on Vietnam Business News.

Viettel to remain wholly State-owned Posted: 18 Oct 2013 09:54 PM PDT he Military Telecom Corporation (Viettel), one of the biggest mobile network operators in Vietnam, will remain a wholly State-owned enterprise, according to the Prime Minister’s direction. The Prime Minister has also ordered that the other 89 businesses under the Ministry of Defence also remain wholly State-owned, including 17 corporations and 72 one-member limited companies, said [...] The post Viettel to remain wholly State-owned appeared first on Vietnam Business News.

It’s easy to buy, but difficult to re-sell bad debts Posted: 18 Oct 2013 09:53 PM PDT Though recognizing the efforts by the Vietnam Asset Management Company (VAMC), experts have pointed out that VAMC is not experienced enough to deal with bad debts. To date, VAMC has bought VND4.978 trillion worth of bad debts on banks' books. However, the question now is not how much debt VAMC can buy, but what VAMC [...] The post It's easy to buy, but difficult to re-sell bad debts appeared first on Vietnam Business News.

More Malaysian investment encouraged Posted: 18 Oct 2013 09:51 PM PDT Vietnam welcomes and creates the best possible conditions for Malaysian businesses to operate efficiently in the country. Deputy Prime Minister Hoang Trung Hai made the commitment at a Vietnam-Malaysia business meeting in Hanoi on October 18. Hai emphasised the future potential for Vietnam-Malaysia cooperation, especially considering Vietnam's free trade agreement negotiations with six economic centres [...] The post More Malaysian investment encouraged appeared first on Vietnam Business News.

Vietnam reveals US$2.13 billion ASEAN trade deficit Posted: 18 Oct 2013 09:40 PM PDT Vietnam ran up a trade deficit of 2.13 billion with other members of the Association of Southeast Asian Nations (ASEAN) in the first nine months of this year, or 15.5% of its export total to the bloc. Vietnam Customs statistics show nine-month trade turnover between Vietnam and ASEAN reached US$29.57 billion, accounting for 15.4% of [...] The post Vietnam reveals US$2.13 billion ASEAN trade deficit appeared first on Vietnam Business News.

Steel maker’s sales surge Posted: 18 Oct 2013 09:39 PM PDT Hoa Phat Group’s steel sales rocketed 7.86 per cent on last year’s figures to 490,000 tonnes. In the first nine months of this year, the group’s market share reached 14.5 per cent, up 0.8 per cent from last year. In September alone, construction steel volumes stood at 59,400 tonnes, up 10 per cent on 2012 [...] The post Steel maker’s sales surge appeared first on Vietnam Business News.

Shares edge higher nationwide Posted: 18 Oct 2013 09:37 PM PDT Shares advanced on both national stock exchanges yesterday, finishing up for the fourth straight day. On the HCM City Stock Exchange, the HNX-Index crept back above the 500-point level, edging up 0.25 per cent to 500.83 points. More than 69.74 million shares changed hands with a total value of VND1.15 trillion (US$54.76 million), 8 per [...] The post Shares edge higher nationwide appeared first on Vietnam Business News.

Seafood producers hit by VAT issues and import duties Posted: 18 Oct 2013 09:35 PM PDT Difficulties in the implementation of value-added tax (VAT) refunds and deductions have contributed to capital shortages at aquatic businesses. This opinion was voiced by Truong Dinh Hoe, general secretary of the Viet Nam Association and Seafood Exporters and Producers (VASEP). Meeting with the Ministry of Finance in Ha Noi earlier this week, Hoe said enterprises [...] The post Seafood producers hit by VAT issues and import duties appeared first on Vietnam Business News.

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