The Business Times: Apparel exports to the US likely hit 8.5 billion USD

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• Apparel exports to the US likely hit 8.5 billion USD
• Vietnamese favor for Korean goods raises worry about trade deficit
• Attracting crucial investment to Vietnamese northwest
• CPI expected to rise 0.62%
• VCB cooperates with 40 Japanese banks
• FDI to Vietnam sharply increases
• Mobile network operators: provide data services or die
• Absolute signs new Vietnam beach resort
• Vinalines asks for Government aid
• More beer drunk as times get tough

Apparel exports to the US likely hit 8.5 billion USD Posted: 14 Dec 2013 11:34 PM PST Vietnam's garment and textile industry is able to earn 8.5 billion USD from selling its products to the US by the year-end, up 10.4 percent from 2012. According to the US Chamber of Commerce (AmCham) in Vietnam, the sector is likely to post a gradual growth in its apparel exports to the market due to [...] The post Apparel exports to the US likely hit 8.5 billion USD appeared first on Vietnam Business News.

Vietnamese favor for Korean goods raises worry about trade deficit Posted: 14 Dec 2013 11:33 PM PST  South Korean goods, following the South Korean culture, have been flocking to Vietnam. Experts have warned that the "South Korean wave" would make the trade deficit more serious. The Korean style on Vietnamese market It is now very easy to buy South Korean goods in Hanoi. The imports from South Korea have been available not [...] The post Vietnamese favor for Korean goods raises worry about trade deficit appeared first on Vietnam Business News.

Attracting crucial investment to Vietnamese northwest Posted: 14 Dec 2013 11:29 PM PST Deputy Prime Minister Nguyen Xuan Phuc has highlighted north-western Vietnam's 25.6% poverty rate – triple the national average – while speaking at a December 14 conference on promoting investment in the region. Phuc said 70% of the region's districts are classified poor and the region is home to half of Vietnam's special disadvantaged communes. He [...] The post Attracting crucial investment to Vietnamese northwest appeared first on Vietnam Business News.

CPI expected to rise 0.62% Posted: 14 Dec 2013 11:28 PM PST Inflation in 2013 is likely to register approximately 6.15%, below the 8% level set by the National Assembly's socio-economic development resolution and within Government target of 6–6.5%. The consumer price index (CPI) increased in June and hit record monthly highs of 0.83% in August and 1.06% in September. It eased once more in October (0.49%) [...] The post CPI expected to rise 0.62% appeared first on Vietnam Business News.

VCB cooperates with 40 Japanese banks Posted: 14 Dec 2013 11:26 PM PST The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will be the only Vietnamese institution serving the Japanese business customers of 40 specified Japanese Regional Bank (JRB) branches. A memorandum of understanding to this effect was signed between Vietcombank and the Japan Bank for International Cooperation (JBIC) in Hanoi on December 13. Vietcombank's recently established Japan [...] The post VCB cooperates with 40 Japanese banks appeared first on Vietnam Business News.

FDI to Vietnam sharply increases Posted: 14 Dec 2013 11:25 PM PST Vietnam created a breakthrough in attracting foreign direct investment (FDI) in the first 11 months of 2013, contributing to affirming attractiveness of the country’s investment environment and efforts in the improving its environment. According to the Foreign Investment Department, FDI has recovered strongly with nearly US$21 billion committed in the first 11 months. The country [...] The post FDI to Vietnam sharply increases appeared first on Vietnam Business News.

Mobile network operators: provide data services or die Posted: 14 Dec 2013 11:23 PM PST  Vietnamese mobile network operators have been living on the traditional services, while the big telecom groups in the world have shifted to data services. Pham Van Viet, Director of VietPace, has spent the last many years on learning about the information technology and communication (ICT). According to Viet, in the first quarter of 2013, SMS [...] The post Mobile network operators: provide data services or die appeared first on Vietnam Business News.

Absolute signs new Vietnam beach resort Posted: 14 Dec 2013 11:22 PM PST Absolute Hotel Services (AHS) has signed a new beachfront property in Vietnam's Cam Ranh province. Located close to the town of Nha Trang, the new Eastin Duyen Ha Resort Cam Ranh will offer 450 rooms and suites, plus three restaurants, a bar, an outdoor swimming pool, kids' club, gym and a spa with 10 treatment [...] The post Absolute signs new Vietnam beach resort appeared first on Vietnam Business News.

Vinalines asks for Government aid Posted: 14 Dec 2013 11:16 PM PST Viet Nam National Shipping Lines (Vinalines) has proposed that the Government adopt preferential policies to help domestic shipping fleets overcome difficulties, according the online Vietstock newspaper. In a report sent to the Central Economic Committee, Vinalines asked the Government to direct banks and credit institutions to extend its debt limit and reduce loan interest rates [...] The post Vinalines asks for Government aid appeared first on Vietnam Business News.

More beer drunk as times get tough Posted: 14 Dec 2013 11:15 PM PST Beer makers in Viet Nam produced 2.67 billion litres in the first eleven months of the year, up 7.8 per cent over the corresponding period last year, according to the Viet Nam Beer, Alcohol and Beverage Association (VBA). The country’s two biggest producers, Sai Gon Beer Corporation (Sabeco) and Ha Noi Beer Company (Habeco), turned [...] The post More beer drunk as times get tough appeared first on Vietnam Business News.

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