The Business Times: Japan investors expanding e-commerce in Vietnam

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• Japan investors expanding e-commerce in Vietnam
• 2013 rice exports decline in volume, value
• Ministry to stabilise energy prices
• How FTAs affect agricultural production?
• Vietnam officials see lot of room for economic reform
• Vietnam likely to rank third of the world’s largest rubber producers in 2014
• SOEs named for ADB reform project
• VAMC to focus on selling bad debts in 2014
• Trial of swindling bank officials kicks off
• Jan 7: Vietnam gold extends gain to vnd35.26mln/tael, dollar stable

Japan investors expanding e-commerce in Vietnam Posted: 07 Jan 2014 12:19 AM PST Japan's CyberAgent Ventures, Inc. on January 7 announced it is investing in an online sales solution at Internet Bizweb.vn, which is owned by DKT Company – a Vietnamese e-commerce service provider. Although Cyber Agent Ventures did not reveal the exact amount, it said it is investing heavily in e-commerce in Southeast Asia, with an estimated […] The post Japan investors expanding e-commerce in Vietnam appeared first on Vietnam Business News.

2013 rice exports decline in volume, value Posted: 07 Jan 2014 12:16 AM PST Vietnam earned US$3.019 billion from exporting 6.681 million tonnes of rice in 2013, down 17.3% in volume and 19.5% in value, according to the Vietnam Food Association. It only shipped 540,378 tonnes abroad in December, raking in US$264.770 million. The Ministry of Agriculture and Rural Development says 2013's average rice export price was US$441.2 per […] The post 2013 rice exports decline in volume, value appeared first on Vietnam Business News.

Ministry to stabilise energy prices Posted: 07 Jan 2014 12:13 AM PST The prices of petrol and gas will continue to be partly market-driven and partly managed by the State in 2014. The management of petrol and oil prices would include monitoring price movements in the global energy market. However, to ensure stability of local energy prices, the State, especially the Ministry of Finance and the Ministry […] The post Ministry to stabilise energy prices appeared first on Vietnam Business News.

How FTAs affect agricultural production? Posted: 07 Jan 2014 12:10 AM PST Vietnam is negotiating key free trade agreements (FTAs) with big partners, and once these deals are signed, they will put mounting pressure on the agricultural sector. Trade deals with the Trans-Pacific Partnership (TPP) partners, the European Union, and the Customs Union of Russia, Kazakhstan and Belarus offer advantages and pose challenges to Vietnamese agriculture. Foreign agricultural […] The post How FTAs affect agricultural production? appeared first on Vietnam Business News.

Vietnam officials see lot of room for economic reform Posted: 07 Jan 2014 12:08 AM PST Officials and analysts see plenty of room for economic reform in Vietnam and call for speeding up the process to complete a transition to a market economy. Minister of Planning and Investment Bui Quang Vinh told news website Saigon Times that only the most developed economies have little or no room for such reforms unlike […] The post Vietnam officials see lot of room for economic reform appeared first on Vietnam Business News.

Vietnam likely to rank third of the world’s largest rubber producers in 2014 Posted: 07 Jan 2014 12:06 AM PST Vietnam is likely to become the third largest rubber producer in 2014, danviet.vn reported, citing forecast of the Rubber Economist Ltd. In details, the Rubber Economist Ltd forecasts that Vietnam's rubber output will rise by 1.5% on year to hit 995,000 tons this year. If the forecast comes true, Vietnam will surpass Malaysia to be […] The post Vietnam likely to rank third of the world's largest rubber producers in 2014 appeared first on Vietnam Business News.

SOEs named for ADB reform project Posted: 07 Jan 2014 12:03 AM PST Three Vietnamese State-owned enterprises (SOEs) will be selected for the SoE Reform and Corporate Governance Facilitation Programme – Project 3, funded by the Asian Development Bank. The loan will be guaranteed by the Government, according to the Ministry of Finance. The programme runs from December 2009 to December 2015, with a total value of US$630 […] The post SOEs named for ADB reform project appeared first on Vietnam Business News.

VAMC to focus on selling bad debts in 2014 Posted: 07 Jan 2014 12:01 AM PST In 2014, besides purchasing additional debts, Vietnam Asset Management Company (VAMC) will sell and handle debts, local newspaper Tuoi Tre reported citing Nguyen Quoc Hung, VAMC's vice president. Specifically, in 2014, VAMC will continue to buy VND70-100 trillion non-perfoming loans (NPLs) by special bonds. However, the pressure of 2014 is how to sell and handle […] The post VAMC to focus on selling bad debts in 2014 appeared first on Vietnam Business News.

Trial of swindling bank officials kicks off Posted: 07 Jan 2014 12:00 AM PST A swindling trial in which the defendant is accused of appropriating 3.9 trillion (USD 188.7 million) from individuals and banks began in Ho Chi Minh City on January 6. Huynh Thi Huyen Nhu, 36, former deputy chief of the Risk Management Department of the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), was […] The post Trial of swindling bank officials kicks off appeared first on Vietnam Business News.

Jan 7: Vietnam gold extends gain to vnd35.26mln/tael, dollar stable Posted: 06 Jan 2014 11:56 PM PST This morning, Vietnam gold was traded up by VND30,000/tael versus yesterday close to VND35.26 million/tael, following the world suit. Distance between bid and ask of the gold in the local market is kept at low level of VND60,000/tael. As of 10:18 am today, Hanoi time, SJC Hochiminh was traded at VND35.20 million/tael for bid and […] The post Jan 7: Vietnam gold extends gain to vnd35.26mln/tael, dollar stable appeared first on Vietnam Business News.

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