The Business Times: IT industry to see M&A more active in 2014

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• IT industry to see M&A more active in 2014
• Lotte wants to further operations in Vietnam
• Vietnam dreams of the Vietnam Aerospace Center
• Forestry, seafood exports up in 2014
• Draft law proposes new fat tax on carbonated soft drinks
• Vietnam likely to cut gas prices by VND31,000/12kg cylinder since March 1st
• Feb 28: Vietnam gold eases to VND36.19Mln/Tael
• Retail sales on upward trend in first two months
• Bad debt settlement should not only care about the figure
• Banks launch preferential loan packages

IT industry to see M&A more active in 2014 Posted: 27 Feb 2014 10:41 PM PST The sector will see bustling M&A deals this year, especially in e-commerce, Internet service, e-payment and mobile transactions, Chu Tien Dung, chairman of the HCMC Computer Association, was quoted as saying by The Saigon Times Daily. Investors will pay attention to products and services related to e-commerce such as e-payment, inventory management solutions, online forwarding […] The post IT industry to see M&A more active in 2014 appeared first on Vietnam Business News.

Lotte wants to further operations in Vietnam Posted: 27 Feb 2014 10:36 PM PST With the hope of expanding future operations in Vietnam, executives of the Lotte retail group from the Republic of Korea plan to develop Lotte Vietnam into one of its leading branches abroad. Visiting and exploring investment opportunities in the northern province of Ha Nam is part of the scheme, said Director General of Lotte Centre […] The post Lotte wants to further operations in Vietnam appeared first on Vietnam Business News.

Vietnam dreams of the Vietnam Aerospace Center Posted: 27 Feb 2014 10:34 PM PST Associate Professor Dr. Pham Anh Tuan, Director of the Vietnam National Satellite Center, has confirmed that an aerospace center is being built in the Hoa Lac Hi-Tech Park, which would serve as the "launching pad" for the Vietnam's aerospace industry. Vietnam does not entertain the illusion that it would have the powerful space agencies like […] The post Vietnam dreams of the Vietnam Aerospace Center appeared first on Vietnam Business News.

Forestry, seafood exports up in 2014 Posted: 27 Feb 2014 10:24 PM PST Export value of agro-forestry and seafood products have increased 9.4 per cent compared to the same period last year, according to the Ministry of Agriculture and Rural Development. Exports are estimated to reach US$4.33 billion in the first two months of the year. During this period, exports of key agricultural products were about $1.73 billion, […] The post Forestry, seafood exports up in 2014 appeared first on Vietnam Business News.

Draft law proposes new fat tax on carbonated soft drinks Posted: 27 Feb 2014 10:21 PM PST A special consumption tax of 10 per cent is likely to be imposed on carbonated soft drinks due to their potential health risks. This is mentioned in the revised draft of the Law on Special Consumption Tax released by the Ministry of Finance recently. The tax rate on the beverage is currently zero per cent. […] The post Draft law proposes new fat tax on carbonated soft drinks appeared first on Vietnam Business News.

Vietnam likely to cut gas prices by VND31,000/12kg cylinder since March 1st Posted: 27 Feb 2014 10:18 PM PST Retailed gas prices in Vietnam are likely to be cut by VND31,000/12kg cylinder ($1.47/cylinder) since March 1st, 2014, nld.com.vn reported, citing news from gas businesses. The domestic gas prices cut will be implemented amid low global gas prices, gas businesses said, providing that current global gas prices are $863/ton, down $107.5/ton versus prices of beginning […] The post Vietnam likely to cut gas prices by VND31,000/12kg cylinder since March 1st appeared first on Vietnam Business News.

Feb 28: Vietnam gold eases to VND36.19Mln/Tael Posted: 27 Feb 2014 10:15 PM PST This morning, Vietnam gold extended losses to VND36.19 million a tael, easing by VND30,000/tael versus yesterday close. World gold little changed in Asia trade this morning after rising $2/ounce in New York trade last night, heading 4th week of gains As of 09:16 am today, Hanoi time, SJC Hochiminh was traded at VND36.14 million/tael for […] The post Feb 28: Vietnam gold eases to VND36.19Mln/Tael appeared first on Vietnam Business News.

Retail sales on upward trend in first two months Posted: 27 Feb 2014 10:11 PM PST The nation’s total retail sales and service revenues increased 11.6 per cent year-on-year to VND474.10 trillion (US$22.6 billion) in the first two months, the General Statistics Office (GSO) reported. Vu Manh Ha, a senior expert at the GSO Trade Department, said that the nation’s retail sales during the reviewed period has returned to average growth […] The post Retail sales on upward trend in first two months appeared first on Vietnam Business News.

Bad debt settlement should not only care about the figure Posted: 27 Feb 2014 10:07 PM PST "The government's policy this year is to give priority for bad debt settlement", economist Tran Du Lich, deputy head of HCM City delegation of members of the national assembly, said on the sideline of the "Vietnam's Economy 2014: Problems and Solutions for enterprises" conference held by the local Newswire VnEconomy last weekend in HCM City. […] The post Bad debt settlement should not only care about the figure appeared first on Vietnam Business News.

Banks launch preferential loan packages Posted: 27 Feb 2014 10:07 PM PST In the context of capital surplus of up to hundreds of trillion dong, many commercial banks are launching preferential lending programmes with quite attractive interest rate, especially for eligible borrowers. As reported by the State Bank of Vietnam (SBV), in the context of capital surplus of up to hundreds of trillion dong, many commercial banks […] The post Banks launch preferential loan packages appeared first on Vietnam Business News.

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