The Business Times: Dong Nai attracts US$830 million in FDI

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• Dong Nai attracts US$830 million in FDI
• Vietnam housing market makes positive moves but recovery incomplete: Savills
• City hotels hit by rising competition
• Shrimp exports enjoy high turnover
• VN seals Philippines rice contracts
• Vinacomin outlines ambitious end of year coal export target
• “Four-no” milk powder imported at dirt cheap prices
• Vietnam’s economy gets stronger?
• Cross-border rice export to China harms official export
• Important points to understand about personal income tax

Dong Nai attracts US$830 million in FDI Posted: 23 Oct 2013 12:17 AM PDT (VOV) -By late September, Dong Nai Industrial Zones Authorities (DIZA) licensed 59 new foreign direct investment  (FDI) projects worth US$315.5 million and 54 existing ones with an additional capitalisation of US$515.1 million. It also approved eight new domestic projects with a total registered capitalisation of nearly VND1,441billion and 3 operational projects with an additional amount of US$332 billion. [...] The post Dong Nai attracts US$830 million in FDI appeared first on Vietnam Business News.

Vietnam housing market makes positive moves but recovery incomplete: Savills Posted: 23 Oct 2013 12:16 AM PDT The apartment market in Hanoi and Ho Chi Minh City showed positive signs in the third quarter with higher absorption rates but it is too soon to say that the market has fully recovered, property consultancy Savills Vietnam says. In Hanoi, the apartment absorption rate was 9 percent in the third quarter, up 2 percentage [...] The post Vietnam housing market makes positive moves but recovery incomplete: Savills appeared first on Vietnam Business News.

City hotels hit by rising competition Posted: 23 Oct 2013 12:15 AM PDT HCM CITY (VNS)— Both occupancy rate and revenue per available room (RevPAR) of hotels in HCM City fell slightly in the third quarter due to increase in room numbers and lower demand. According to a survey by property services provider Savills Vietnam, the average occupancy was 60 per cent, down 2 per cent from the [...] The post City hotels hit by rising competition appeared first on Vietnam Business News.

Shrimp exports enjoy high turnover Posted: 23 Oct 2013 12:13 AM PDT HA NOI (VNS)— For the first time ever, exports of white-leg shrimp have surpassed those of giant tiger prawns, said Truong Dinh Hoe, general secretary of the Viet Nam Association of Seafood Exporters and Producers (VASEP). In 2010, white-leg shrimp accounted for 26 per cent of shrimp exports. Today, they account for 47 per cent. [...] The post Shrimp exports enjoy high turnover appeared first on Vietnam Business News.

VN seals Philippines rice contracts Posted: 23 Oct 2013 12:12 AM PDT HA NOI (VNS)— Viet Nam recently scored contracts to sell 120,000 tonnes of rice to the Philippines ending a dry spell for the country’s grain exports, said director of the Thinh Phat Food Co Lam Anh Tuan. Under the deal, Vietnamese rice export prices have been increased in recent weeks, with loading to begin next [...] The post VN seals Philippines rice contracts appeared first on Vietnam Business News.

Vinacomin outlines ambitious end of year coal export target Posted: 23 Oct 2013 12:11 AM PDT HA NOI (VNS)— The Viet Nam Coal and Mineral Industries Group (Vinacomin) plans to export 11.9 million tonnes of coal this year, said Vinacomin Deputy Director General Nguyen Van Bien. At a press conference in Ha Noi on Monday, he said the group exported 8.4 million tonnes in the first nine months and aims to [...] The post Vinacomin outlines ambitious end of year coal export target appeared first on Vietnam Business News.

“Four-no” milk powder imported at dirt cheap prices Posted: 23 Oct 2013 12:10 AM PDT Insiders call the product "four-no" milk, referring to its lack of label, nutrition content, manufacturer information, and certificate of quality. This milk powder is of dubious origin and quality, sold in unlabeled 1-kilogram plastic bags. Traders can sell it at much lower prices than regular milk because the powder is imported for next to nothing. [...] The post "Four-no" milk powder imported at dirt cheap prices appeared first on Vietnam Business News.

Vietnam’s economy gets stronger? Posted: 23 Oct 2013 12:06 AM PDT The government has reported that the national economy is recovering from the recession. Meanwhile, economists have reminded that the national budget is facing the shortfall and the unemployment rate has been increasing. The government's latest report showed that the GDP in the third quarter of the year grew by 5.54 percent, higher than the second [...] The post Vietnam's economy gets stronger? appeared first on Vietnam Business News.

Cross-border rice export to China harms official export Posted: 23 Oct 2013 12:04 AM PDT While the General Department of Customs (GDC) reported the sharp fall in the rice export turnover in the first nine months of 2013, the Vietnam Food Association (VFA) said Vietnam has no more rice to export. The problem is that a big amount of rice has been crossing the border into China.   VFA's Chair [...] The post Cross-border rice export to China harms official export appeared first on Vietnam Business News.

Important points to understand about personal income tax Posted: 23 Oct 2013 12:00 AM PDT Tran Quang, Junior Associate, Indochine Counsel Law No 26/2012/QH13 that took affect from 1 July and its guiding legal instruments issued in 2013 such as Decree No 65/2013/ND-CP and Circular No 111/2013/TT-BTC (Circular 111) amend and supplement a number of new policies on personal income tax in Viet Nam. The new personal income tax threshold [...] The post Important points to understand about personal income tax appeared first on Vietnam Business News.

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