The Business Times: With limited budget, computerization program goes at a snail’s pace

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• With limited budget, computerization program goes at a snail’s pace
• Domestic jewelry market catches foreign investors’ eyes
• Credit institutions to shoulder burden of debt restructuring
• Binh Duong expects trade surplus
• FDI flow into Vietnam surges
• Telecoms market eyes untapped potential

With limited budget, computerization program goes at a snail’s pace Posted: 23 Nov 2013 07:40 PM PST The State plans to budget VND200 billion for the national program on the information technology (IT) application at state agencies (program 1605) for 2014-2015, which is not worth-while. Phung Van On, Director of the Informatics Center of the government office, said only VND200 billion can be allocated for the program 1605 in the next two [...] The post With limited budget, computerization program goes at a snail's pace appeared first on Vietnam Business News.

Domestic jewelry market catches foreign investors’ eyes Posted: 23 Nov 2013 07:38 PM PST  Foreign jewelry firms are believed to lie in wait at the border gate, getting ready to enter the Vietnamese market once the country opens the gold market by 2018, when the import tariff would be cut to zero percent. Vietnamese businesses still have five more years to prepare themselves for the competition with foreign businesses [...] The post Domestic jewelry market catches foreign investors' eyes appeared first on Vietnam Business News.

Credit institutions to shoulder burden of debt restructuring Posted: 23 Nov 2013 07:32 PM PST Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh made public a plan addressing directives from the Prime Minister to manage bad debts and create an asset management company. The PM’s approval of the projects “Dealing with bad debts in the credit institutions’ system” and “Establishing the Viet Nam Asset Management Company” was [...] The post Credit institutions to shoulder burden of debt restructuring appeared first on Vietnam Business News.

Binh Duong expects trade surplus Posted: 23 Nov 2013 07:31 PM PST The southern province of Binh Duong is expecting to post a trade surplus of 2.86 billion USD in 2013, according to the provincial People’s Committee. By the year-end, Binh Duong, one of the country's biggest economic hubs, hopes to gain an export value of over 14.44 billion USD, up 15.7 percent annually, with the foreign-invested [...] The post Binh Duong expects trade surplus appeared first on Vietnam Business News.

FDI flow into Vietnam surges Posted: 23 Nov 2013 07:29 PM PST The total newly-registered and additional FDI capital poured into Vietnam in the first 10 months of this year hit 19.2 billion USD, a year-on-year increase of 65.5 percent, outdistancing this year's target of 13-14 billion USD. According to statistics from the Ministry of Planning and Investment's Department for Foreign Investment, during the January-October period Vietnam [...] The post FDI flow into Vietnam surges appeared first on Vietnam Business News.

Telecoms market eyes untapped potential Posted: 23 Nov 2013 07:18 PM PST The Vietnamese telecommunication market is considered to be one of the most competitive in the region, speakers said on November 22 at a seminar in Ho Chi Minh City. “The internet and mobile-phone coverage has increased, and quality has improved. Prices have fallen, too, which allows rural and remote areas to have more access,” said [...] The post Telecoms market eyes untapped potential appeared first on Vietnam Business News.

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