The Business Times: Viet Nam plans to welcome eight million foreign visitors this year

---

• Viet Nam plans to welcome eight million foreign visitors this year
• Garment industry needs to cut dependence on imports
• Vietnam oil imports drop 19.9 percent in 2013
• Vietnam’s first ETFs to debut in Q3
• Vietnam CPI rises 0.69% in January: GSO
• Vietnam Airlines adds more domestic flights for Tet
• Further rate cuts unlikely: experts
• Six cross-ownership groups in banking industry
• PVI’s revenues increase strongly
• Banks’ investment assignment lawful

Viet Nam plans to welcome eight million foreign visitors this year Posted: 24 Jan 2014 12:30 AM PST Viet Nam’s tourism sector hopes to receive eight million international tourists, serve 37.5 million domestic tourists and earn VND230 billion (US$10.8 million) this year. The prediction was made by the Viet Nam National Administration of Tourism (VNAT). According to the government body’s website, in 2013, tourism promotion programmes focused on quality and effectiveness. The VNAT […] The post Viet Nam plans to welcome eight million foreign visitors this year appeared first on Vietnam Business News.

Garment industry needs to cut dependence on imports Posted: 24 Jan 2014 12:29 AM PST Vietnam's garment sector is too dependent on foreign imports according to Pham Xuan Hong, Vice Chairman of the Vietnam Textile and Apparel Association (VITAS). Vietnam's garment exports spiked 16.3% to a record high US$20 billion in 2013,which included garment and textile sales of US$17.9 billion,with the balance coming from ancillary products. However, major input materials, […] The post Garment industry needs to cut dependence on imports appeared first on Vietnam Business News.

Vietnam oil imports drop 19.9 percent in 2013 Posted: 24 Jan 2014 12:27 AM PST Vietnam’s oil imports dropped 19.9 percent in 2013 while domestic oil production rose.Vietnam’s oil imports dropped 19.9 percent in 2013 while domestic oil production rose, Platts reported.  The Vietnam Petroleum Institute said imports dropped for the second straight year to 7.37 million metric tons (mt) of oil products last year, down from 9.2 million mt […] The post Vietnam oil imports drop 19.9 percent in 2013 appeared first on Vietnam Business News.

Vietnam’s first ETFs to debut in Q3 Posted: 24 Jan 2014 12:25 AM PST Administering agencies are speeding up legal and technical preparations for the birth of the first exchange traded funds (ETFs) in Vietnam in the third quarter of this year, said Nguyen Son, head of market development department under the State Securities Commission (SSC). ETFs are funds that track specific indexes and whose portfolios include a basket […] The post Vietnam’s first ETFs to debut in Q3 appeared first on Vietnam Business News.

Vietnam CPI rises 0.69% in January: GSO Posted: 24 Jan 2014 12:25 AM PST Vietnam's consumer price index (CPI) is estimated to have accelerated by 0.69% on month, 6.77% on year in the first month of 2014, driven by price hike of traffic basket, the General Statistics Office (GSO) said in its website. This month's relatively low CPI growth surprised observers as January is the adjacent month of the […] The post Vietnam CPI rises 0.69% in January: GSO appeared first on Vietnam Business News.

Vietnam Airlines adds more domestic flights for Tet Posted: 24 Jan 2014 12:21 AM PST The national flag carrier Vietnam Airlines will add more flights to its schedule to meet the increasing demand of passengers over the forthcoming Lunar New Year (Tet) holiday, the most important event of most of Vietnamese. It plans nine more flights between Ho Chi Minh City and Hanoi from January 24 to 26 and between […] The post Vietnam Airlines adds more domestic flights for Tet appeared first on Vietnam Business News.

Further rate cuts unlikely: experts Posted: 23 Jan 2014 09:26 PM PST The central bank's governor has recently mentioned the possibility of further cutting the lending rate by one to two percentage points this year to make life easier for corporate borrowers, but several experts said such a move is unlikely.  The central bank's governor has recently mentioned the possibility of further cutting the lending rate by […] The post Further rate cuts unlikely: experts appeared first on Vietnam Business News.

Six cross-ownership groups in banking industry Posted: 23 Jan 2014 09:24 PM PST Cross-ownership is becoming more and more popular among enterprises in the economy, especially in the banking sector. Cross-ownership has threatened to transparency and safety of the banking system in particular and the financial system in general. Cross-ownership is seen as the largest problem of Vietnam's credit system today. According to Economic Commission of the National […] The post Six cross-ownership groups in banking industry appeared first on Vietnam Business News.

PVI’s revenues increase strongly Posted: 23 Jan 2014 09:22 PM PST PVI Holdings obtained insurance premiums of nearly VND6 trillion last year, up 30% from 2012. Bui Van Thuan, general director of PVI Holdings, said that the firm's revenues obtained last year were nearly VND8 trillion, 15% higher than the target and 26% over last year's results. Such growth rates are substantial given the overall growth […] The post PVI's revenues increase strongly appeared first on Vietnam Business News.

Banks’ investment assignment lawful Posted: 23 Jan 2014 09:19 PM PST Local credit institutions are still allowed to perform assigned investment or entrust a third party to make investment if the practices are mentioned in their operation licenses, said an official of the central bank. Assigned investment refers to making investments in sectors such as securities and real estate on behalf of others. Earlier, some banks […] The post Banks' investment assignment lawful appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610