The Business Times: EVN to self determine to increase electricity prices by below 10%

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• EVN to self determine to increase electricity prices by below 10%
• Steel company to open new factory
• Apartment prices decreased and absorption rate increased in Hanoi
• No restriction but real estate loans remained at a modest level
• Vietnam’s public debt may reach 95% of GDP
• FDI attraction soars in first 11 months
• Airlines fight over qualified workers in aviation boom time
• SSC strengthens market monitoring
• CPI results fuel stock recovery
• Nov 26: Vietnam gold rebounds to vnd35.5mln/tael, dollar stable

EVN to self determine to increase electricity prices by below 10% Posted: 25 Nov 2013 08:52 PM PST Electricity of Vietnam Group (EVN) is allowed to self determine to increase electricity prices by less than 10% but minimum time between the 2 price hikes is 6 months, Vnexpress.net reported. The Prime Minister Nguyen Nguyen Tan Dung has approved Decision No. 69 providing mechanisms to adjust average retail electricity prices, which will come into [...] The post EVN to self determine to increase electricity prices by below 10% appeared first on Vietnam Business News.

Steel company to open new factory Posted: 25 Nov 2013 08:51 PM PST Wada Yuji, general director of Maruichi Sun Steel Joint Stock Company (SUNSCO), said his company would open a new factory next month. Maruichi Sun Steel specialises in producing galvanized steel coils, colour coated steel and pipes, with total investment of around US$120 million. The company was established in 1996 as the first 100 per cent [...] The post Steel company to open new factory appeared first on Vietnam Business News.

Apartment prices decreased and absorption rate increased in Hanoi Posted: 25 Nov 2013 08:49 PM PST In the third quarter, real estate market’s liquidity evolves positively. The number of apartment is 10.000 units, 14% less than the previous quarter's in which Ha Dong and Tu Liem Districts accounted for 50 % of the market share. Compared to the previous quarter, the prices in primary market of Class A apartments (US$2867/m2) and [...] The post Apartment prices decreased and absorption rate increased in Hanoi appeared first on Vietnam Business News.

No restriction but real estate loans remained at a modest level Posted: 25 Nov 2013 08:47 PM PST SBV has released information related to real estate loans in the past several years. Accordingly, in the previous years, credit institutions had abided by the SBV’s requirement in limiting loans to real estate, therefore the percentage of real estate loans in the total loans had decreased from 10.23% at the end of 2010 to 8.12% [...] The post No restriction but real estate loans remained at a modest level appeared first on Vietnam Business News.

Vietnam’s public debt may reach 95% of GDP Posted: 25 Nov 2013 08:44 PM PST If counting on the state owned enterprises' (SOEs) loans not guaranteed by the government, the total public debt of Vietnam would be 95 percent of GDP, far exceeding the safety line of 60 percent of GDP. How high is Vietnam's total public debt? The information can be found in the report by the macroeconomic policy [...] The post Vietnam's public debt may reach 95% of GDP appeared first on Vietnam Business News.

FDI attraction soars in first 11 months Posted: 25 Nov 2013 08:43 PM PST Newly registered and additional foreign direct investment (FDI) capital in Viet Nam totalled US$20.8 billion in the first 11 months of the year, representing a 54.2 per cent rise year-on-year. Figures from the Foreign Investment Agency showed that 1,175 new and additional projects obtained investment licences with combined registered capital of $13.77 billion, up 73.3 [...] The post FDI attraction soars in first 11 months appeared first on Vietnam Business News.

Airlines fight over qualified workers in aviation boom time Posted: 25 Nov 2013 08:41 PM PST Air carriers, who have been scrambling for pilots and stewardesses all the time, have begun a new struggle to lure technical officers. The story of VAECO The story stems from the petition by a lot of technical workers of the Vietnam Airlines Engineering Company (VAECO), a subsidiary of the national flag air carrier Vietnam Airlines, [...] The post Airlines fight over qualified workers in aviation boom time appeared first on Vietnam Business News.

SSC strengthens market monitoring Posted: 25 Nov 2013 07:39 PM PST Supervision of the stock market is being tightened, Director of the State Securities Commission (SSC)’s Inspection Department Nguyen The Tho said to Dau Tu Chung Khoan (Securities Investment) newspaper. In the first ten months of this year, the commission analysed 70 stocks with unusual transactions and examined some cases further. In the HCM City Stock [...] The post SSC strengthens market monitoring appeared first on Vietnam Business News.

CPI results fuel stock recovery Posted: 25 Nov 2013 07:37 PM PST Shares closed up at the end of yesterday’s session following news from the General Statistic Office that the nation’s consumer price index rose only 0.34 per cent in November over the previous month. According to Prime Minister Nguyen Tan Dung, credit growth in the first 11 months hit 9 per cent, and could reach the [...] The post CPI results fuel stock recovery appeared first on Vietnam Business News.

Nov 26: Vietnam gold rebounds to vnd35.5mln/tael, dollar stable Posted: 25 Nov 2013 07:36 PM PST This morning, Vietnam gold rebounded, gained VND270,000/tael after dropping by VND750,000/tael yesterday, following the world suit. Hochiminh was traded at VND35.35 million/tael for bid and VND35.50 million/tael for ask respectively as of 09:45 am, Hanoi time. SJC in the North quoted at VND35.35 million/tael for bid and VND35.50 million/tael for ask. Techcombank gold prices were [...] The post Nov 26: Vietnam gold rebounds to vnd35.5mln/tael, dollar stable appeared first on Vietnam Business News.

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