The Business Times: Hai Phong targets $1.2b FDI in 2014

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• Hai Phong targets $1.2b FDI in 2014
• Prices key to reviving Vietnam housing market, analysts say
• Vinacomin posts 8.6mln tons of coal inventory as of nov 30.
• Vietnam’s 500 largest firms announced
• Dec 4: Vietnam gold edges up to vnd35.23mln/tael, dollar stable
• EVN posts huge revenues
• List of NPL price appraisal companies to be issued
• Vietnam c.bank net injects vnd228bln via OMO on dec 3
• 24 million Techcombank shares snapped up
• SMEs not eligible for unsecured loans

Hai Phong targets $1.2b FDI in 2014 Posted: 03 Dec 2013 09:01 PM PST The northern port city of Hai Phong hopes to attract US$1.2 billion in foreign direct investment (FDI) in 2014, according to the municipal Economic Zone Management Board. To reach the goal, Hai Phong will continue to streamline administrative procedures, perfect the infrastructure of its economic and industrial zones, renovate investment promotion activities and improve the [...] The post Hai Phong targets $1.2b FDI in 2014 appeared first on Vietnam Business News.

Prices key to reviving Vietnam housing market, analysts say Posted: 03 Dec 2013 08:57 PM PST Construction of the Kenton Residences apartment building project in Ho Chi Minh City has been halted since 2011 after the property market froze up Housing prices must go down to unfreeze the prolonged real estate slump in Ho Chi Minh City, according to local analysts. Developer Tai Nguyen halted construction of its US$300-million Kenton Residences [...] The post Prices key to reviving Vietnam housing market, analysts say appeared first on Vietnam Business News.

Vinacomin posts 8.6mln tons of coal inventory as of nov 30. Posted: 03 Dec 2013 08:55 PM PST Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin), the country's top miner reported 8.6 million tons of coal inventory as of November 30, 2013, nangluongvietnam.vn reported. According to the report of the Ministry of Industry and Trade (MoIT), production and business of the Coal Group in November showed positive signs, consumed coal had [...] The post Vinacomin posts 8.6mln tons of coal inventory as of nov 30. appeared first on Vietnam Business News.

Vietnam’s 500 largest firms announced Posted: 03 Dec 2013 08:54 PM PST The Vietnam National Oil and Gas Group (PetroVietnam) once again tops the list of the 500 largest enterprises in 2013. The information was unveiled by the Vietnam Report Joint Stock Company (Vietnam Report) on December 2. According to the list of Vietnam's top 500 largest enterprises (VNR500), Samsung Electronics Vietnam (SEV) ranks second, followed by [...] The post Vietnam's 500 largest firms announced appeared first on Vietnam Business News.

Dec 4: Vietnam gold edges up to vnd35.23mln/tael, dollar stable Posted: 03 Dec 2013 08:52 PM PST This morning, Vietnam gold edged up by VND20,000/tael versus yesterday close. World gold inched up in New York trade last night but held steady this morning in Asia trade. Hochiminh was traded at VND35.16 million/tael for bid and VND35.23 million/tael for ask respectively as of 09 :55 am, Hanoi time. SJC in the North quoted [...] The post Dec 4: Vietnam gold edges up to vnd35.23mln/tael, dollar stable appeared first on Vietnam Business News.

EVN posts huge revenues Posted: 03 Dec 2013 08:51 PM PST The Vietnam Electricity Group (EVN), the country's sole power distributor reported to have generated huge revenues of VND14.6 trillion ($695 million) from electricity sales in November, representing a year on year rise of 16.2%, tuoitre.vn reported. In Jan-Nov period, the group earned total of VND157 trillion($7.5 billion) worth of electricity sales, increasing 21.1% on year, [...] The post EVN posts huge revenues appeared first on Vietnam Business News.

List of NPL price appraisal companies to be issued Posted: 03 Dec 2013 08:49 PM PST In the coming time, the State Bank of Vietnam (SBV) plans to issue the list of NPL price appraisal companies to help VAMC sell debts at market prices, local newswire Infornet reported. This information is from SBV's Deputy Governor Le Minh Hung at Vietnam Business Forum (VBF) on December 3, 2013. Regarding Vietnam Asset Management [...] The post List of NPL price appraisal companies to be issued appeared first on Vietnam Business News.

Vietnam c.bank net injects vnd228bln via OMO on dec 3 Posted: 03 Dec 2013 08:48 PM PST The State Bank of Vietnam (SBV) pumped VND258 billion through open market operation (OMO) while withdrew VND30 billion, resulting in net injection of VND228 billion on Dec 3, 2013, local newswire NDH reported, citing data from SSI Research. As of December 3, the total outstanding loans on OMO were VND618 billion. On the day, SBV [...] The post Vietnam c.bank net injects vnd228bln via OMO on dec 3 appeared first on Vietnam Business News.

24 million Techcombank shares snapped up Posted: 03 Dec 2013 08:47 PM PST Vietnam Airlines offloaded over 24 million shares of Techcombank to three individuals via bidding on Monday, according to a notice of the Hanoi Stock Exchange. The three individual investors registered to buy a total 24.1 million shares, or a 2.7% stake in Techcombank, with the winning price equal to the starting price of VND10,800 each. [...] The post 24 million Techcombank shares snapped up appeared first on Vietnam Business News.

SMEs not eligible for unsecured loans Posted: 03 Dec 2013 08:45 PM PST Small and medium-sized enterprises (SMEs) from now on will face stricter credit guarantee conditions as they are required to have collateral to take out bank loans. Given the new regulation on operation of credit guarantee funds for SMEs effective on Monday, SMEs must have total collateral and mortgage value equal to at least 15% of [...] The post SMEs not eligible for unsecured loans appeared first on Vietnam Business News.

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