The Business Times: Vietnam-India trade valued at US$4.75 billion

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• Vietnam-India trade valued at US$4.75 billion
• Tien Giang posts strong export turnover in 2013
• Easy sales to China leave Vietnamese businesses short on shrimp
• Vietnam’s deep-sea ports to be developed by 2020
• Residential construction lags behind in Ha Noi
• Costly 3G fee a rod for network operators’ own back
• Profit of credit institution system reached vnd29.5 trillion in 11m/2013
• PM pushes for more drastic banking system restructuring
• Bankers, fat cats charged in massive Vietnam financial scandal
• Rice exports drop following falling demand

Vietnam-India trade valued at US$4.75 billion Posted: 18 Dec 2013 08:38 PM PST Vietnam earned US$2.19 billion from its exports to India, bringing bilateral trade turnover to US$4.75 billion in the past 11 months, up 33.12% from the previous year, according to statistics released by the Vietnam General Department of Customs (VGDC). Vietnam imported Indian goods worth US$2.56 billion, or a year-on-year increase of 31.81%, resulting in an […] The post Vietnam-India trade valued at US$4.75 billion appeared first on Vietnam Business News.

Tien Giang posts strong export turnover in 2013 Posted: 18 Dec 2013 08:36 PM PST Despite the global economic downturn, southern Tien Giang Province has earned over US$1 billion from exports this year, surpassing its target and seeing a yearly rise of 17 per cent. This was the first time the province’s export values exceeded $1 billion, director of the Tien Giang Department of Industry and Trade Dang Thanh Liem […] The post Tien Giang posts strong export turnover in 2013 appeared first on Vietnam Business News.

Easy sales to China leave Vietnamese businesses short on shrimp Posted: 18 Dec 2013 08:33 PM PST Vietnamese shrimp exporters and processors can’t find enough of the shellfish as Chinese buyers are taking all the raw shrimp Vietnam has to offer directly from farmers. Shrimp export revenues increased 30 percent year on year over the first 10 months and the 2013 total is expected to reach some $2.8 billion, up 27 percent, […] The post Easy sales to China leave Vietnamese businesses short on shrimp appeared first on Vietnam Business News.

Vietnam’s deep-sea ports to be developed by 2020 Posted: 18 Dec 2013 08:32 PM PST The Vietnam Maritime Administration has proposed that the Government build and develop deep-sea ports to international standards for large-tonnage ships from now until 2020. Following the proposal, development will be concentrated on the country’s international gateway ports in the northern city of Hai Phong and the southern province of Ba Ria – Vung Tau. The […] The post Vietnam's deep-sea ports to be developed by 2020 appeared first on Vietnam Business News.

Residential construction lags behind in Ha Noi Posted: 18 Dec 2013 08:30 PM PST More than 90 per cent of urban areas in the capital are grappling with the problem of slow construction, the municipal People’s Committee was quoted as saying in the Business Forum online newspaper. The percentage makes up for 137 out of Ha Noi’s 152 urban areas. Of these, 45 residential areas are in the process […] The post Residential construction lags behind in Ha Noi appeared first on Vietnam Business News.

Costly 3G fee a rod for network operators’ own back Posted: 18 Dec 2013 08:28 PM PST Vietnam's three largest mobile operators are making a rod for their own back with their 3G data packages, whose prices subscribers deem unreasonably expensive. Users are calling to boycott them while some have already stopped using their costly services. In October, Vinaphone, MobiFone, and Viettel simultaneously announced a 40 percent price increase for their services, […] The post Costly 3G fee a rod for network operators' own back appeared first on Vietnam Business News.

Profit of credit institution system reached vnd29.5 trillion in 11m/2013 Posted: 18 Dec 2013 07:04 PM PST According to the State Bank of Vietnam (SBV)'s Chief Inspector of the Nguyen Huu Nghia, accumulated profit of the credit institution system in 11 months of 2013 reached VND 29.5 trillion, up 3.2% from last year, local newswire VNExpress reported. However, this profit level is only 53-64% compared to those in 2010 and 2011. Nghia […] The post Profit of credit institution system reached vnd29.5 trillion in 11m/2013 appeared first on Vietnam Business News.

PM pushes for more drastic banking system restructuring Posted: 18 Dec 2013 07:02 PM PST Attending the State Bank of Vietnam (SBV)'s conference on result summary and deployment of tasks on December 18, 2013, the Prime Minister pushed for more drastic banking system restructuring, government portal chinhphu.vn reported. The Prime Minister asked healthy banks  to operate more effectively, expand and improve quality; equitized banks to continue increasing share proportion; and […] The post PM pushes for more drastic banking system restructuring appeared first on Vietnam Business News.

Bankers, fat cats charged in massive Vietnam financial scandal Posted: 18 Dec 2013 07:00 PM PST Vietnamese prosecutors have ratified charges against seven former leaders of Asia Commercial Bank (ACB) and 6 associated companies for violating economic laws. The Supreme People”s Procuracy, Vietnam”s highest prosecutors” office, ratified the charges sought by investigators from the Ministry of Public Security on Sunday. ACB co-founder Nguyen Duc Kien, 49, faces charges of "committing illegal […] The post Bankers, fat cats charged in massive Vietnam financial scandal appeared first on Vietnam Business News.

Rice exports drop following falling demand Posted: 18 Dec 2013 06:58 PM PST Rice exports are set to fall by around 15 per cent this year to 6.6 million tonnes after demand plunged in Southeast Asia, the general secretary of the Viet Nam Food Association has said. Huynh Minh Hue told a seminar in HCM City early this week that the average export price was US$430.89 a tonne, […] The post Rice exports drop following falling demand appeared first on Vietnam Business News.

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