The Business Times: Banks lure depositors with Tet offers

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• Banks lure depositors with Tet offers
• SBV says bitcoin not accepted in Vietnam
• SSIAM recognised as Viet Nam’s best fund management firm
• What’ll happen if VN becomes a global electronics production base?
• Dominant mobile network operators violate competition law once again?
• Mid-price apartments overthrow low-price
• Hoa Phat steel sales increase due to new manufacturing complex
• Local experts discuss 2014 economic outlook
• Foreign investors dominate retail
• Jan 17: Vietnam gold rebounds to vnd35.07mln/tael, dollar stable

Banks lure depositors with Tet offers Posted: 16 Jan 2014 11:06 PM PST Banks are rushing to launch promotion programmes to attract depositors amid increasing withdrawals of money by the people for spending and payments during Tet (the Lunar New Year). The interest rates being offered are quite low, ranging from 6.5 to 7 per cent annually for one-to-six month deposits, 7.5 to 8.3 per cent for 6-12 […] The post Banks lure depositors with Tet offers appeared first on Vietnam Business News.

SBV says bitcoin not accepted in Vietnam Posted: 16 Jan 2014 11:05 PM PST The State Bank of Vietnam (SBV) has affirmed that bitcoin is not a legal currency which is accepted in payment in Vietnam. Following the "bitcoin movement" all over the world, some Vietnamese companies have announced the acceptance of bitcoin in the transactions. Just several days after lamchame.com hung the notice "bitcoin accepted" since January 6, […] The post SBV says bitcoin not accepted in Vietnam appeared first on Vietnam Business News.

SSIAM recognised as Viet Nam’s best fund management firm Posted: 16 Jan 2014 11:03 PM PST SSI Asser [S1] Management Company (SSIAM) was granted the award for Best Fund Management Firm in Viet Nam by the Asia Asset Management magazine. SSIAM is the only Vietnamese company to simultaneously receive prizes for “CEO of the year” and “CIO of the year” for its general director Le Le Hang and deputy general director […] The post SSIAM recognised as Viet Nam’s best fund management firm appeared first on Vietnam Business News.

What’ll happen if VN becomes a global electronics production base? Posted: 16 Jan 2014 11:01 PM PST  About 90,000 tons of electronics waste has been discharged to the environment every year. The figure is believed to increase sharply in the future, as more and more global electronics groups plan to set up their production bases in Vietnam. The big threat for high-technology enterprises' workers Ngo Thi Minh Huong, Director of the Development […] The post What'll happen if VN becomes a global electronics production base? appeared first on Vietnam Business News.

Dominant mobile network operators violate competition law once again? Posted: 16 Jan 2014 11:01 PM PST The three mobile network operators dominating the telecom market, namely VinaPhone, MobiFone and Viettel, have unanimously planned to raise the international incoming call charges to UScent8.1. The three dominant mobile network operators have the same voice that the currently applied UScent6.1 per minute fee is lower than that in the other regional countries. They all […] The post Dominant mobile network operators violate competition law once again? appeared first on Vietnam Business News.

Mid-price apartments overthrow low-price Posted: 16 Jan 2014 10:58 PM PST Apartments for sale in Hanoi for the last quarter of 2013 saw the consistently high sales of low priced products ($1,000 per square metre or less) overtaken by those of mid-priced products ($1,000-$1,500 per square metre). According to CBRE Vietnam, for the first time in two years low-priced products lost the dominant share. Figures from […] The post Mid-price apartments overthrow low-price appeared first on Vietnam Business News.

Hoa Phat steel sales increase due to new manufacturing complex Posted: 16 Jan 2014 08:21 PM PST The Hoa Phat Steel Co said it sold 698,642 tonnes of steel last year, a year-on-year increase of 14.2 per cent. The result helped the company improve its market share by 1.5 percentage points to 15.2 per cent. The company attributed the achievement to the steady operations at its new Hoa Phat iron and steel […] The post Hoa Phat steel sales increase due to new manufacturing complex appeared first on Vietnam Business News.

Local experts discuss 2014 economic outlook Posted: 16 Jan 2014 08:20 PM PST Experts at a workshop in Ha Noi yesterday reviewed 2013′s economic performance and forecast trends for 2014. The participants also evaluated existing policies to stabilise macroeconomics, curb inflation and ensure social welfare, while examining emerging matters in implementing the 2014 socio-economic development goals. They discussed strategic breakthroughs in the context of limited resources and presented […] The post Local experts discuss 2014 economic outlook appeared first on Vietnam Business News.

Foreign investors dominate retail Posted: 16 Jan 2014 08:18 PM PST Vietnamese retailers risk losing the domestic market, which will soon be dominated by foreign ones, the Lao dong (The Labour) newspaper reported on Wednesday. Currently, Viet Nam has about 700 supermarkets and trade centres, 40 per cent of which are owned by foreign retailers. Officials at the Ministry of Industry and Trade, say that the […] The post Foreign investors dominate retail appeared first on Vietnam Business News.

Jan 17: Vietnam gold rebounds to vnd35.07mln/tael, dollar stable Posted: 16 Jan 2014 08:15 PM PST This morning, Vietnam gold was traded up by VND40,000/tael versus yesterday close to VND35.06 million/tael, following the world suit. As of 09:52 am today, Hanoi time, SJC Hochiminh was traded at VND35.01 million/tael for bid and VND35.07 million/tael for ask, respectively. SJC in the North quoted at VND35.01 million/tael for bid and VND35.07 million/tael for […] The post Jan 17: Vietnam gold rebounds to vnd35.07mln/tael, dollar stable appeared first on Vietnam Business News.

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