The Business Times: New resolution cuts investment red tape

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• New resolution cuts investment red tape
• Securities market expects breakthroughs in 2014
• HCM City aims for more FDI
• Banks to be forced to list shares to help stop cross-ownership
• Viettel wants to buy Korean-origin OTT service Kakao Talk
• Steel industry hopes for market revival to boost growth
• Sugar export halt causes worry
• Tet draws an extra 21% foreign tourists
• Telcos ask for IPv6 standards in VN
• Benchmarks lose as liquidity rises

New resolution cuts investment red tape Posted: 08 Feb 2014 12:20 AM PST Many unnecessary administrative procedures will be cut out when a new resolution on administrative procedures reform in investment projects is approved by the Government. The draft resolution, which was announced at a Ministry of Justice meeting in Hanoi on February 7, aims to simplify administrative procedures in investment projects and improve the business environment. Justice […] The post New resolution cuts investment red tape appeared first on Vietnam Business News.

Securities market expects breakthroughs in 2014 Posted: 08 Feb 2014 12:18 AM PST Minister of Finance Dinh Tien Dung opened the lunar new year's first transaction session on February 7 with a hopeful assessment of the security market's future. Dung stressed the importance of restructuring towards sustainable development goals during the course of 2014. He credited the Vietnamese stock market with 13 years of pleasing development, praising it […] The post Securities market expects breakthroughs in 2014 appeared first on Vietnam Business News.

HCM City aims for more FDI Posted: 07 Feb 2014 11:52 PM PST HCM City has already licensed 15 new foreign direct investment (FDI) projects totaling US$19.9 million in January, up 15.4% in volume and 51.5% in value from a year earlier. The city also authorised US$3.3 million in additional investment for two projects, bringing total FDI capital to US$23.2 million or 32.4% higher than January 2013. City […] The post HCM City aims for more FDI appeared first on Vietnam Business News.

Banks to be forced to list shares to help stop cross-ownership Posted: 07 Feb 2014 11:50 PM PST The State Securities Commission (SSC) and the State Bank of Vietnam (SBV) have urged commercial banks to list their shares on the bourse to make it easier to control the banks' finance situation. Commercial banks now cannot delay the listing any longer since the Prime Minister Nguyen Tan Dung, at the 2014 banking conference, stressed […] The post Banks to be forced to list shares to help stop cross-ownership appeared first on Vietnam Business News.

Viettel wants to buy Korean-origin OTT service Kakao Talk Posted: 07 Feb 2014 11:48 PM PST Kakao Talk – the OTT (over-the-top) service originating from South Korea is the top target of Viettel in the process of penetrating into the OTT market. According to VNExpress, information about the acquisition of the messaging, free call app through Internet/3G or the OTT services from a number of foreign suppliers was just revealed by […] The post Viettel wants to buy Korean-origin OTT service Kakao Talk appeared first on Vietnam Business News.

Steel industry hopes for market revival to boost growth Posted: 07 Feb 2014 09:12 PM PST Viet Nam’s steel industry might achieve 6 to 7 per cent growth this year if the stagnant market is revived, experts said. This year, the Viet Nam Steel Corporation (VSA) has set a target of producing nearly 1.5 million tonnes of steel billets and 2.6 million tonnes of rolled steel, year-on-year increases of 24.5 per […] The post Steel industry hopes for market revival to boost growth appeared first on Vietnam Business News.

Sugar export halt causes worry Posted: 07 Feb 2014 09:10 PM PST The Viet Nam Sugar and Sugarcane Association (VSSA) announced concern over sugar stocks following the Ministry of Industry and Trade’s (MoIT’s) order to temporarily cease refined extra (RE) sugar exports. In a document sent to northern Lao Cai Province from the Ministry of Agriculture and Rural Development and VSSA last month, MoIT will only allow […] The post Sugar export halt causes worry appeared first on Vietnam Business News.

Tet draws an extra 21% foreign tourists Posted: 07 Feb 2014 09:06 PM PST The number of foreign tourists taking tours in Viet Nam last month increased by 20.8 per cent compared to the same period last year, tourist companies report. Nguyen Van Tuan, general director of the Viet Nam National Administration of Tourism, said more than 722,300 foreign visitors arrived the country in the Lunar New Year month, […] The post Tet draws an extra 21% foreign tourists appeared first on Vietnam Business News.

Telcos ask for IPv6 standards in VN Posted: 07 Feb 2014 09:02 PM PST Viet Nam’s leading internet providers and suppliers of network devices are bemoaning the slow implementation of Internet protocol version 6 (IPv6) plans in the country. IPv6, which has an improved option mechanism over IPv4, increases the number of IP addresses and allows electronic devices to automatically configure factors for Internet connections. There is no specified […] The post Telcos ask for IPv6 standards in VN appeared first on Vietnam Business News.

Benchmarks lose as liquidity rises Posted: 07 Feb 2014 08:51 PM PST Shares closed lower on both the national stock exchanges yesterday, though liquidity rose. On the HCM City Stock Exchange, nearly 125 million shares changed hands with a total trading value of VND2.37 trillion (US$1.12 billion). In the northern bourse, the total trading value reached VND621 billion ($29.5 million) with 80 million shares traded. These figures […] The post Benchmarks lose as liquidity rises appeared first on Vietnam Business News.

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