Wednesday, November 20, 2013

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

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

Link to Vietnam Business News

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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, [...]

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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. [...]

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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, [...]

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