The Business Times: Are low-cost carriers ready to take off?

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• Are low-cost carriers ready to take off?
• Italian media: Vietnam – attractive destination for investors
• Property disputes mar development
• Vietnam to increase fertiliser imports
• Vietnam, Finland promote trade links
• Banks focus on human resources
• Retail banking the wave of the future, experts say
• Best banks also have big debt ratios
• Markets rebalance after Monday gains
• FDI firms may open local currency accounts

Are low-cost carriers ready to take off? Posted: 19 Nov 2013 07:33 PM PST  A recent report produced by the International Air Transport Association reveals that Vietnam is gathering pace to become the third fastest growing aviation market in the world behind China and Brazil. Tran Son takes a closer look at moves by domestic carriers such as VietJetAir to further popularise air travel through expansions in fleets and [...] The post Are low-cost carriers ready to take off? appeared first on Vietnam Business News.

Italian media: Vietnam – attractive destination for investors Posted: 19 Nov 2013 07:31 PM PST An article has been run in one of Italy's leading newspaper, Sole 24 Ore, themed "Vietnam – new opportunity for foreign investors". It highlights the Trans-Pacific Partnership Agreement, stating that Vietnam will become an attractive destination for foreign investors if the country takes full advantage of the opportunity to boost services and exports, penetrate new [...] The post Italian media: Vietnam – attractive destination for investors appeared first on Vietnam Business News.

Property disputes mar development Posted: 19 Nov 2013 07:29 PM PST The country’s legal system has not kept pace with rapid real estate development, triggering a number of disputes between investors and customers. There were many disputes between real estate investors – who made large profits in a short time –and home buyers, who felt that investors were not professional in their transactions, an expert said [...] The post Property disputes mar development appeared first on Vietnam Business News.

Vietnam to increase fertiliser imports Posted: 19 Nov 2013 07:27 PM PST Vietnam plans to import 11 million tonnes of fertiliser for agricultural production next year, a major increase from this year’s total of 10.3 million, according to the Ministry of Agriculture and Rural Development. Demand for urea stood at 2.2 million tonnes, SA at 900,000 tonnes, NPK at 4 million tonnes and DAP at 1.8 million [...] The post Vietnam to increase fertiliser imports appeared first on Vietnam Business News.

Vietnam, Finland promote trade links Posted: 19 Nov 2013 07:24 PM PST There is great potential for economics, trade, energy and environment protection cooperation between Finland and Vietnam. Finish Ambassador to Vietnam Kimmo Lahdevirta made the statement at a seminar in Binh Duong on November 19 to discuss investment opportunities and support tools to promote trade links between Vietnam and Finland. Ambassador Kimmo spoke of the business [...] The post Vietnam, Finland promote trade links appeared first on Vietnam Business News.

Banks focus on human resources Posted: 19 Nov 2013 07:21 PM PST Commercial banks have accelerated staffing adjustments in the face of a tough economic outlook, according to Dau tu Chung khoan (Securities Investment). Asia Commercial Bank (ACB) staffing levels fell to just over 9,000, after the bank dismissed nearly 1,300 employees within the first nine months of this year, with more than 700 jobs slashed in [...] The post Banks focus on human resources appeared first on Vietnam Business News.

Retail banking the wave of the future, experts say Posted: 19 Nov 2013 07:20 PM PST The trend toward retail banking will only get stronger in Viet Nam as banks realise the vast potential of the market, experts said at the ASEAN Banker Forum held yesterday in HCM City. “The experience of the monetary crisis in 1998-99 and 2007-08 showed mistakes. Commercial banks had invested a great deal in sectors that [...] The post Retail banking the wave of the future, experts say appeared first on Vietnam Business News.

Best banks also have big debt ratios Posted: 19 Nov 2013 07:18 PM PST A lot of commercial banks which have been recognized as the bests banks by economic journals turn out to have high bad debt ratios and unsatisfactory business results. Having been recognized as the bank with the strongest balance sheet in 2013 by Asian Banker and the best bank in Vietnam in 2013 by Finance Asia, [...] The post Best banks also have big debt ratios appeared first on Vietnam Business News.

Markets rebalance after Monday gains Posted: 19 Nov 2013 07:16 PM PST Shares reversed the upward trend on Monday, closing on a low note on both national stock exchanges yesterday. On the HCM City Stock Exchange, the VN-Index tumbled 0.35 per cent to reach 504.71 points. The market lost its buoyancy yesterday with lower trading volume and value, 21 and 18 per cent lower than Monday, respectively. [...] The post Markets rebalance after Monday gains appeared first on Vietnam Business News.

FDI firms may open local currency accounts Posted: 19 Nov 2013 07:15 PM PST International investors and foreign direct investment (FDI) enterprises operating in the country may be allowed to open investment accounts in Vietnamese dong in addition to those in foreign currency. The central bank has been passing around a draft circular governing the management of foreign exchange operations related to FDI enterprises in the country. The draft, [...] The post FDI firms may open local currency accounts appeared first on Vietnam Business News.

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