Saturday, November 30, 2013

The Business Times: Foreign glee as cap on stakes look set to rise

The Business Times: Foreign glee as cap on stakes look set to rise

Link to Vietnam Business News

Foreign glee as cap on stakes look set to rise

Posted: 29 Nov 2013 10:24 PM PST

Foreign investors may soon have their hopes of higher ownership ratios in listed companies realised. The State Securities Commission has just submitted a draft decision to the prime minister governing foreign ownership limits in listed companies. If passed the decision would allow foreign investors to own up to 60 per cent of total voting shares [...]

The post Foreign glee as cap on stakes look set to rise appeared first on Vietnam Business News.

Shoes makers may fail to grab TPP opportunities ‘cause of material shortage

Posted: 29 Nov 2013 10:20 PM PST

The Trans Pacific Strategic Partnership Agreement (TPP) is believed to create 1 million jobs in Vietnam's leader and shoes industry. In order to take full advantage of the agreement, Vietnamese shoes makers have to settle the existing material problem. The Lien Anh Leather & Shoes Company in Binh Duong province has incurred a loss of [...]

The post Shoes makers may fail to grab TPP opportunities 'cause of material shortage appeared first on Vietnam Business News.

Dollar market wakes up suddenly after long sleep

Posted: 29 Nov 2013 10:17 PM PST

The dollar market, which has been stable for a long time, has heated up with the prices increasing in both the black and official markets. The dollar price on the black market has increased to VND21,280 per dollar, the highest peak since August. The manager of a joint stock bank in Hanoi on November 27, [...]

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Vietnam pays $4.26 billion of debt in 11 months

Posted: 29 Nov 2013 10:15 PM PST

In the January-November period of 2013, the state budget paid VND89.5 trillion of debt ($4.26 billion), equivalent to about 11 percent of the total budget spending. A report of the General Statistics Office said that the total state budget spending by November 15 was estimated at VND803.1 trillion (over $38.2 billion). The payment for debt [...]

The post Vietnam pays $4.26 billion of debt in 11 months appeared first on Vietnam Business News.

Vietnam banking – finance landscape before and after joining WTO

Posted: 29 Nov 2013 10:14 PM PST

The National Assembly’s Economic Committee has just released the report on financial regulation, restructuring financial markets and monetary policy effectiveness in Vietnam, local newswire Tri Thuc Tre reported. According to the report, the number of newly licensed commercial banks in the post-WTO period is not much. In other words, most commercial banks had been licensed and put [...]

The post Vietnam banking – finance landscape before and after joining WTO appeared first on Vietnam Business News.

VietinBank buys nearly VND3.3 trillion debts of CII

Posted: 29 Nov 2013 10:12 PM PST

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has just bought nearly VND3.300 billion bank debts of Ho Chi Minh City Infrastructure Investment JSC (CII – HOSE), local newswire VnEconomy reported. Ho Chi Minh City Infrastructure Investment JSC (CII) has just announced the comprehensive cooperation agreement between the company and Vietinbank. Accordingly, as of [...]

The post VietinBank buys nearly VND3.3 trillion debts of CII appeared first on Vietnam Business News.

Interbank trading dong +11%, dollar +31% in week ending november 22

Posted: 29 Nov 2013 10:10 PM PST

The total interbank trading value of the dong rose by 11.4% to VND100.973 trillion in the week ending November 22 from VND99.66 trillion a week earlier while that of the dollar rose 30.9% to VND56.722 trillion from VND43.348 trillion. The total interbank trading value of the dong rose by 11.4% to VND100.973 trillion in the [...]

The post Interbank trading dong +11%, dollar +31% in week ending november 22 appeared first on Vietnam Business News.

WB approves US$25 million credit to better Vietnam’s water resources management

Posted: 29 Nov 2013 10:08 PM PST

The World Bank on November 28 approved a US$25 million credit to Vietnam to help Vietnam better manage trans-boundary water resources and climate risks The World Bank on November 28 approved a US$25 million credit to Vietnam to help Vietnam better manage trans-boundary water resources and climate risks through river basin approaches and improved water [...]

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Vietnam aims to capitalise on border trade

Posted: 29 Nov 2013 10:06 PM PST

Deputy Minister of Industry and Trade Nguyen Cam Tu has made it clear that border gates have become gateways and springboards for neighbouring countries to transport goods to each other, within the region and beyond. He made the remark at the International Development Partnership Forum on Cross-Border Trade that was held by the Ministry of [...]

The post Vietnam aims to capitalise on border trade appeared first on Vietnam Business News.

New horizon in e-commerce for Vietnamese businesses

Posted: 29 Nov 2013 10:06 PM PST

Vietnam has a great chance to boost cooperation with other countries in the field of e-commerce as a member of the Asia Pacific Council for Trade Facilitation and Electronic Business (AFACT). Businesses from the country can also learn from and share experience with other member countries and territories worldwide in the field to enhance their [...]

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