The Business Times: Airports Corporation draws foreign investor interest

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• Airports Corporation draws foreign investor interest
• Vietnam to pursue eco-friendly FDI
• VN posts $849m trade surplus with Malaysia
• Local auto makers toast jump in January sales
• Property development sector set for influx of foreign cash
• Extra retail space causes drop in rents
• Foreign bank forecasts Vietnam’s inflation up to 8 pct in 2014
• Vietnam to see 7 pct GDP growth in 2016: Forecast
• Vietnam’s Jan crude exports fall 24% on year; oil product imports surge
• S&P: Vietnam banking outlook 2014

Airports Corporation draws foreign investor interest Posted: 14 Feb 2014 11:32 PM PST Although the project awaits approval from the Prime Minister, the equitisation of Airports Corporation of Viet Nam (ACV) this year has attracted the interest of many domestic and foreign investors. According to the Ministry of Transport, ACV has chartered capital of VND14.69 trillion (US$699.67 million) with headquarter located in HCM City’s Tan Son Nhat Airport. […] The post Airports Corporation draws foreign investor interest appeared first on Vietnam Business News.

Vietnam to pursue eco-friendly FDI Posted: 14 Feb 2014 10:17 PM PST Viet Nam will focus on attracting eco-friendly foreign direct investment (FDI) projects that are high-tech and consume low natural resources and energy, officials from the Ministry of Planning and Investment (MPI) have said. Speaking about how to attract more FDI in the future, MPI Deputy Minister Nguyen Van Trung said the country must choose projects […] The post Vietnam to pursue eco-friendly FDI appeared first on Vietnam Business News.

VN posts $849m trade surplus with Malaysia Posted: 14 Feb 2014 10:16 PM PST Viet Nam saw a trade surplus of US$849 million with Malaysia last year, marking the second consecutive year this has happened in the last 20 years. This announcement was made by the Trade Office of the Vietnamese Embassy in Malaysia. Bilateral trade rose 15.3 per cent year-on-year to approximately $9.12 billion, with Vietnamese exports generating […] The post VN posts $849m trade surplus with Malaysia appeared first on Vietnam Business News.

Local auto makers toast jump in January sales Posted: 14 Feb 2014 10:14 PM PST Viet Nam’s sales of domestically assembled cars rose 23 per cent year on year in January, thanks to strong car sales before the Lunar New Year holiday. Amid an economic slowdown, consumers in one of the emerging auto markets in the region bought 11,066 vehicles last month, including 8,326 cars and 2,740 trucks, industry group […] The post Local auto makers toast jump in January sales appeared first on Vietnam Business News.

Property development sector set for influx of foreign cash Posted: 14 Feb 2014 10:09 PM PST Viet Nam’s real estate industry is expected to attract more foreign investors, even though the domestic economy is forecast to still face challenges this year, according to experts. Last year, foreign direct investments (FDIs) had recovered to gain 54 per cent year-on-year to reach US$21.6 billion, of which $1 billion was from 25 real estate […] The post Property development sector set for influx of foreign cash appeared first on Vietnam Business News.

Extra retail space causes drop in rents Posted: 14 Feb 2014 10:05 PM PST The increase in retail space is closely linked with lower rents in the capital city, according to the latest reports of two leading real-estate firms, Savills and Cushman and Wakefield. According to Savills, in Q4 of 2013, some 1 million square metres of retail space was assigned to 149 projects, a sharp increase of 15 […] The post Extra retail space causes drop in rents appeared first on Vietnam Business News.

Foreign bank forecasts Vietnam’s inflation up to 8 pct in 2014 Posted: 14 Feb 2014 10:04 PM PST Vietnam’s inflation is forecast to rise to 7.5 or eight percent in 2014, said the Australia and New Zealand Banking Group (ANZ) in its latest monthly report. The bank also raised Vietnam”s economic growth to 5.6 percent from 5.5 percent thanks to positive signals of the country”s economy in Fitch Ratings in January, Vietnam News […] The post Foreign bank forecasts Vietnam’s inflation up to 8 pct in 2014 appeared first on Vietnam Business News.

Vietnam to see 7 pct GDP growth in 2016: Forecast Posted: 14 Feb 2014 10:00 PM PST Vietnam is forecast to witness a Gross Domestic Product (GDP) growth of seven percent in 2016 on support of strong foreign investment (FDI) source, said an international consultancy’s report on Friday…. In an Ernst and Young report on Rapid Growth Markets in February, 2014, Vietnam”s inflation is projected to go down to 5.5 percent in […] The post Vietnam to see 7 pct GDP growth in 2016: Forecast appeared first on Vietnam Business News.

Vietnam’s Jan crude exports fall 24% on year; oil product imports surge Posted: 14 Feb 2014 09:58 PM PST Vietnam exported 559,723 mt of crude oil in January, down 23.7% from a year ago and also down 17.8% from December, according to data released Thursday by Vietnam Customs. The crude export value in January was $504 million, down 23.9% from the same month in 2013 and down 17.4% compared with December last year. Vietnam […] The post Vietnam’s Jan crude exports fall 24% on year; oil product imports surge appeared first on Vietnam Business News.

S&P: Vietnam banking outlook 2014 Posted: 14 Feb 2014 09:56 PM PST On February 11, 2014, credit rating agency Standard & Poor’s (S&P) released a report on the prospects of the Vietnam banking sector in 2014, local newspaper Banking Times reported. S&P expect Vietnam banks to benefit from stable macroeconomic conditions in 2014. However, banks will face challenges in the forms of weak asset quality, low profitability, and […] The post S&P: Vietnam banking outlook 2014 appeared first on Vietnam Business News.

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