The Business Times: Hai Phong attracts new FDI projects

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• Hai Phong attracts new FDI projects
• Local estate developers hunt for foreign capital
• MobiFone equitization plan moves on
• Japan to consume Vietnamese tuna
• Anti-tax-fraud regulation brewing trouble for Vietnam coffee exporters
• Garment firms making major expansions
• Vinaphone cuts international roaming charge
• Gov’t confirms higher budget deficit plan
• Overseas remittances expected to increase: WB
• PM approves to take $45mln loan from ADB for intensive banking and finance development

Hai Phong attracts new FDI projects Posted: 05 Oct 2013 01:16 AM PDT HAI PHONG  (VNS) — The northern port city of Hai Phong licensed five foreign-invested projects worth nearly US$1.59 billion in the third quarter of this year. According to the latest report of the Hai Phong Economic Zone Management Board, of the new foreign-invested projects, the most significant was the $1.5 billion one invested by LG [...] The post Hai Phong attracts new FDI projects appeared first on Vietnam Business News.

Local estate developers hunt for foreign capital Posted: 05 Oct 2013 12:46 AM PDT As the domestic financial sources are limited, Vietnamese real estate developers tend to seek capital foreign capital and look for their opportunities by cooperating with foreign firms. The Hoa Binh Construction and Real Estate Trade JSC signed a series of contracts with foreign investors and contractors in the first eight months of the year. In [...] The post Local estate developers hunt for foreign capital appeared first on Vietnam Business News.

MobiFone equitization plan moves on Posted: 05 Oct 2013 12:42 AM PDT The plan to equitize Vietnam Mobile Telecom Service Company, the operator of MobiFone network, will proceed after a long pause, said Deputy Minister of Information and Communications Le Nam Thang. The equitization project won approval from the Government but then it stalled due to difficulties of the stock market. Given the restructuring plan suggested by [...] The post MobiFone equitization plan moves on appeared first on Vietnam Business News.

Japan to consume Vietnamese tuna Posted: 04 Oct 2013 07:57 PM PDT The post Japan to consume Vietnamese tuna appeared first on Vietnam Business News.

Anti-tax-fraud regulation brewing trouble for Vietnam coffee exporters Posted: 04 Oct 2013 07:56 PM PDT Coffee exporters complain that a government measure to tackle tax fraud has failed to serve the purpose but also added one more to their list of woes. At a meeting of 20 major coffee exporters held in Ho Chi Minh City earlier this week they said since the Ministry of Finance introduced a regulation on [...] The post Anti-tax-fraud regulation brewing trouble for Vietnam coffee exporters appeared first on Vietnam Business News.

Garment firms making major expansions Posted: 04 Oct 2013 07:53 PM PDT As competition between textile and garment producers and exporters heats up, several have invested into increasing their production lines to expand their potential markets…. Since early this year, Hue Textile Garment Joint Stock Company (Huegatex) has pumped $2.3 million into machinery and equipment to diversify their production, reported a source inside the company. The company [...] The post Garment firms making major expansions appeared first on Vietnam Business News.

Vinaphone cuts international roaming charge Posted: 04 Oct 2013 07:50 PM PDT The Vietnam Telecom Services Company (Vinaphone) has announced new rates for international roaming services as of October with big reductions in voice call and data transmission charges. The reductions are the result of the company's efforts to boost cooperation with foreign service suppliers, Vinaphone Deputy Director Ho Duc Thang said. Charges of voice calls from [...] The post Vinaphone cuts international roaming charge appeared first on Vietnam Business News.

Gov’t confirms higher budget deficit plan Posted: 04 Oct 2013 07:41 PM PDT More capital will be pumped into the economy in the rest of this year, as the State Bank of Vietnam (SBV) said it would seek to loosen both budgetary and monetary policies to outcast the gloomy cloud over the local economy. Speaking at the concluding session of the Autumn Economic Forum in Hue on Friday, [...] The post Gov't confirms higher budget deficit plan appeared first on Vietnam Business News.

Overseas remittances expected to increase: WB Posted: 04 Oct 2013 07:37 PM PDT World Bank forecast Vietnam’s overseas remittances this year will hit US$11 billion, bringing the country to 9th position in the top 10 countries in the world. Vietnam’s overseas remittances reached US$10 billion last year, rising by 10% over the previous year. A large proportion of the total originated from the more than 4 million Vietnamese [...] The post Overseas remittances expected to increase: WB appeared first on Vietnam Business News.

PM approves to take $45mln loan from ADB for intensive banking and finance development Posted: 04 Oct 2013 07:36 PM PDT The Prime Minister Nguyen Tan Dung has approved the program list of "Loans for intensive Development in Banking and Finance System, Sub Program 1". Funds for this program are loans from the Asian Development Bank (ADB). Long -term goal of the program is to enhance the ability to provide sustainable financing for investment activities from [...] The post PM approves to take $45mln loan from ADB for intensive banking and finance development appeared first on Vietnam Business News.

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