The Business Times: Electricity market on the horizon in Vietnam

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• Electricity market on the horizon in Vietnam
• Cable TV market heats up with M&A deals
• Marketing tool attracts shoppers
• Embezzlement in banking sector gets alarming
• Prime Minister: All NPLs to be resolved in 2015
• Vinh Long eyes more investment projects
• Vietnam, Hungary forge economic links
• PVN posts $29.85b in turnover
• Vietnam Prime Minister sees possibility for 11-12% credit growth in 2013
• Vietnam’s foreign currency reserves forecast to touch $40b mark by 2015

Electricity market on the horizon in Vietnam Posted: 21 Nov 2013 11:40 PM PST Prime Minister Nguyen Tan Dung has signed a decision on roadmap, conditions and structure to formulate and develop an electricity market in Vietnam, according to the Vietnam Government Portal. Under Decision 63/2013/QD-TTg, the future market will see the formation of a competitive power generation market by late 2014 as in the first phase. The second [...] The post Electricity market on the horizon in Vietnam appeared first on Vietnam Business News.

Cable TV market heats up with M&A deals Posted: 21 Nov 2013 11:39 PM PST The pay-TV market is believed to witness big changes in the time to come when a lot of merger and acquisition (M&A) deals are made and announced. The Ministry of Information and Communication (MIC) has stated that it would re-arrange the pay-TV market and become choosy in licensing. Only the enterprises with the good network [...] The post Cable TV market heats up with M&A deals appeared first on Vietnam Business News.

Marketing tool attracts shoppers Posted: 21 Nov 2013 11:37 PM PST “Shopper marketing”, a technical term meaning using any marketing stimuli to build brand equity, engage shoppers, and lead them tobuy, is helping European and Asian companies increase income by 20 – 25 per cent, even during the global financial crisis, international delegates heard at a conference in HCM City yesterday. “Shopper marketing is the new [...] The post Marketing tool attracts shoppers appeared first on Vietnam Business News.

Embezzlement in banking sector gets alarming Posted: 21 Nov 2013 11:35 PM PST Banking has been named as the leading sector in terms of embezzlement with 9 out of the 10 embezzlement cases treated in 2013. More criminals, bigger worries Nguoi lao dong newspaper last week received the letters from three persons who are the depositors of a commercial bank in Hanoi, complaining that they cannot not withdraw [...] The post Embezzlement in banking sector gets alarming appeared first on Vietnam Business News.

Prime Minister: All NPLs to be resolved in 2015 Posted: 21 Nov 2013 11:33 PM PST Prime Minister Nguyen Tan Dung confirmed the target of basically resolving all current non-performing loans (NPLs) in 2015 before the National Assembly despite high level of NPLs and many obstacles, local newspaper Dau Tu reported. The Prime Minister said the government has directed the State Bank to focus on simultaneously implementation of solutions to handle [...] The post Prime Minister: All NPLs to be resolved in 2015 appeared first on Vietnam Business News.

Vinh Long eyes more investment projects Posted: 21 Nov 2013 11:31 PM PST Mekong Delta’s Vinh Long Province wants to attract more investment projects as part of the delta’s target of adopting a green and sustainable economy to eliminate the impact of pollution. The provincial People’s Committee recently announced 47 projects awaiting investors through 2015. The projects have a total expected budget of more than VND23 trillion (US$1.09 [...] The post Vinh Long eyes more investment projects appeared first on Vietnam Business News.

Vietnam, Hungary forge economic links Posted: 21 Nov 2013 11:30 PM PST Vietnam and Hungary have agreed to step up their mutually beneficial cooperation in various potential areas during the fifth session of the two countries' Joint Committee on Economic Cooperation that took place in Budapest last September. The targeted realms include trade, industry, credit finance and investment, health, agriculture, water supply, environmental protection, information technology and [...] The post Vietnam, Hungary forge economic links appeared first on Vietnam Business News.

PVN posts $29.85b in turnover Posted: 21 Nov 2013 11:00 PM PST The Viet Nam National Oil and Gas Group (PetroVietnam) has announced a turnover of VND627 trillion (US$29.85 billion) over the past 10 months, or 0.4 per cent more than the same period last year. Just last month, the total production of oil equivalent reached 2.11 million tonnes, equal to 101 per cent of the month’s [...] The post PVN posts $29.85b in turnover appeared first on Vietnam Business News.

Vietnam Prime Minister sees possibility for 11-12% credit growth in 2013 Posted: 21 Nov 2013 08:27 PM PST The figure is part of the speech of Prime Minister Nguyen Tan Dung before the National Assembly to report on economic – social situation on November 21, the Banking Times reported. Accordingly, credit growth is at 9% by the end of November with the possibility to achieve this year's target of 11-12%; interest rate level [...] The post Vietnam Prime Minister sees possibility for 11-12% credit growth in 2013 appeared first on Vietnam Business News.

Vietnam’s foreign currency reserves forecast to touch $40b mark by 2015 Posted: 21 Nov 2013 08:15 PM PST At a meeting held in early this week, HSBC Vietnam Bank's general director Sumit Dutta, gave an optimistic forecast that Vietnam's foreign currency reserves in 2013 would be about $30 bln and it may be $35 bln in 2014 and $40 bln in 2015. Talking about the figure of $40 billion to be reached in [...] The post Vietnam's foreign currency reserves forecast to touch $40b mark by 2015 appeared first on Vietnam Business News.

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