The Business Times: Revised law to improve local investment climate

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• Revised law to improve local investment climate
• Vietnam Airlines domestic market share seen shrinking
• Power industry faces competition test in 2016
• January steel trade deficit falls
• Vietnamese coffee seen by Volcafe at a discount as futures rally
• Vietnam gov’t won’t own 100% of all state-run firms: proposal
• MOF attempts to tax higher on wine, tobacco, levy tax on fizzy soft drinks
• Diesel price decreases by more than 100 VND per litre
• McDonald’s’ future in Vietnam questionable
• SBV: Monetary policy department replaces foreign exchange management department in Forex Decisions

Revised law to improve local investment climate Posted: 10 Feb 2014 11:42 PM PST The Ministry of Planning and Investment has announced the completion of the draft of the amended Investment Law to further improve the quality and efficiency of the country’s investment climate. The draft amended law will help attract investments based on the priorities laid out in the country’s socio-economic development strategy for the 2011-20 period. The […] The post Revised law to improve local investment climate appeared first on Vietnam Business News.

Vietnam Airlines domestic market share seen shrinking Posted: 10 Feb 2014 11:39 PM PST Vietnam Airlines, despite its higher-than-expected profit last year, has forecast its domestic market share might contract by a further 6.4 percentage points to 55% this year. The airline, which last year earned profit of VND140 billion, has set a target of increasing the figure by 239.6% to VND335 billion though its market share has shrunk […] The post Vietnam Airlines domestic market share seen shrinking appeared first on Vietnam Business News.

Power industry faces competition test in 2016 Posted: 10 Feb 2014 11:39 PM PST The Ministry of Industry and Trade (MoIT) must finalise all conditions that will help develop the competitive power generation market (VCGM) and get it trial-ready by 2016. Deputy Prime Minister Hoang Trung Hai has stated this. The matters of concern include general regulations, market models, contract mechanism, operations, payment, capital allocation and new investments. MoIT […] The post Power industry faces competition test in 2016 appeared first on Vietnam Business News.

January steel trade deficit falls Posted: 10 Feb 2014 11:35 PM PST The nation's steel trade deficit stood at around US$340 million in January, down by 18% against the same period of 2012, according to the General Statistics Office…. Last month, steel exports hit 150,000 tons worth US$110 million, down nearly 35% year-on-year, while imports reached 650,000 tons with a total value of US$450 million. Dinh Huy […] The post January steel trade deficit falls appeared first on Vietnam Business News.

Vietnamese coffee seen by Volcafe at a discount as futures rally Posted: 10 Feb 2014 11:35 PM PST Buyers of coffee from Vietnam, the biggest grower of the robusta variety used in instant drinks, are getting a discount for their beans after futures prices traded in London rallied, according to Volcafe Ltd. Vietnamese beans for shipment in March and April are trading at a discount of $10 a metric ton to the price […] The post Vietnamese coffee seen by Volcafe at a discount as futures rally appeared first on Vietnam Business News.

Vietnam gov’t won’t own 100% of all state-run firms: proposal Posted: 10 Feb 2014 11:30 PM PST The Vietnamese government will not necessarily have to hold a 100 percent stake in all state-owned enterprises, the Ministry of Planning and Investment proposed in a draft decree on classifying state companies. The government will only own the entire share of enterprises that directly serve the country's national defense purposes, as well as those that […] The post Vietnam gov't won't own 100% of all state-run firms: proposal appeared first on Vietnam Business News.

MOF attempts to tax higher on wine, tobacco, levy tax on fizzy soft drinks Posted: 10 Feb 2014 09:03 PM PST The Ministry of Finance (MOF) has submitted to the government the draft luxury tax law, suggesting the 15-30 percent tax increases on wine, beer, and tobacco, which aims to restrict the domestic consumption. If the suggested tax increase of 15 percent for wine and beer as of July 1, 2015 is approved, MOF hopes to […] The post MOF attempts to tax higher on wine, tobacco, levy tax on fizzy soft drinks appeared first on Vietnam Business News.

Diesel price decreases by more than 100 VND per litre Posted: 10 Feb 2014 09:01 PM PST The Ministry of Finance on February 10 asked petrol businesses to reduce their selling prices of diesel once again, this time by a minimum of 109 VND per litre as of 8pm on the same evening. The previous price of diesel oil was 22,640 VND (1.06 USD) per litre. This is the second adjustment of […] The post Diesel price decreases by more than 100 VND per litre appeared first on Vietnam Business News.

McDonald’s’ future in Vietnam questionable Posted: 10 Feb 2014 08:59 PM PST Being a "big cheese," McDonald's has been meeting big difficulties in Asian markets. It is still unclear if Vietnam can save McDonald's from its failures in Asia. As expected, the first McDonald's shop was inaugurated on February 8 at No. 2-6bis on Dien Bien Phu Street in district 1, HCM City. As such, McDonald's has […] The post McDonald's' future in Vietnam questionable appeared first on Vietnam Business News.

SBV: Monetary policy department replaces foreign exchange management department in Forex Decisions Posted: 10 Feb 2014 08:51 PM PST According to a new Decision by Governor of the State Bank of Vietnam (SBV), Monetary Policy Department will assume some tasks previously in the hands of Foreign Exchange Management Department, local newswire Tri Thuc Tre reported. SBV's Governor just issued Decision 145/QD-NHNN dated February 07, 2014 amending and supplementing Decision 2201/QD-NHNN dated October 06, 2008 […] The post SBV: Monetary policy department replaces foreign exchange management department in Forex Decisions appeared first on Vietnam Business News.

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