The Business Times: Agricultural support agreement reached with UN

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• Agricultural support agreement reached with UN
• Latex traders seek VAT clarifications
• US firm expands Dong Nai factory
• EVFTA: challenges for Vietnam lie in non-tariff barriers
• Sacombank-Southern Bank merging plan to get going
• Local exports to benefit from FTAs with EU
• PVN, EVN face ban on non-core investment
• Quang Nam province to focus on tourism human resources
• Vietnam Airlines adds more flights for Hue Festival
• Sharp increase in asset growth for JVs, foreign lenders

Agricultural support agreement reached with UN Posted: 07 Mar 2014 10:38 PM PST The Ministry of Agriculture and Rural Development and the Food and Agriculture Organisation of the United Nations (FAO) signed a major cooperative project in Hanoi on March 7. Together, the two bodies will build capacity for an integrated food and energy system in Vietnam . The project will be carried out over three years with […] The post Agricultural support agreement reached with UN appeared first on Vietnam Business News.

Latex traders seek VAT clarifications Posted: 07 Mar 2014 10:35 PM PST Rubber trading companies have asked the Ministry of Finance to issue clearer guidance regarding payment of the value added tax (VAT) on pre-processed latex. According to officials at the Viet Rubber Association (VRA), there is a need to clarify regulations stated in Article 10 and Article 5 in Circular 219/2013/TT-BTC dated 31 December 2013 guiding […] The post Latex traders seek VAT clarifications appeared first on Vietnam Business News.

US firm expands Dong Nai factory Posted: 07 Mar 2014 10:33 PM PST On Semiconductor of the US on March 6 inaugurated its expanded factory in Dong Nai's Bien Hoa 2 industrial park to raise its output by more than a double. The company mainly produces hybrid integrated circuits, semiconductors for car, household electrical equipment and other industrial applications. The second phase of the project cost the US […] The post US firm expands Dong Nai factory appeared first on Vietnam Business News.

EVFTA: challenges for Vietnam lie in non-tariff barriers Posted: 07 Mar 2014 10:25 PM PST Vietnam has been told not to be too worried about the competition with the EU sourced products in the home market once the EU-Vietnam Free Trade Agreement (EVFTA) is signed. "The EU is one of the most important markets for Vietnam. The EU-Vietnam economic relationship is the mutual-supporting relationship. The EU is not Vietnam's main […] The post EVFTA: challenges for Vietnam lie in non-tariff barriers appeared first on Vietnam Business News.

Sacombank-Southern Bank merging plan to get going Posted: 07 Mar 2014 10:22 PM PST Saigon Thuong Tin Commercial Bank, or Sacombank, is going to submit to the State Bank of Vietnam the project on merging the bank with Southern Commercial Bank, said Sacombank chairman Pham Huu Phu. The bank's annual general meeting (AGM) in 2013 assigned the board of directors to seek a small lender for merging. Merging with […] The post Sacombank-Southern Bank merging plan to get going appeared first on Vietnam Business News.

Local exports to benefit from FTAs with EU Posted: 07 Mar 2014 10:19 PM PST The impacts of a Vietnam-EU trade deal were discussed at a seminar hosted by the European Trade Policy and Investment Support Project (EU-MUTRAP) in Hanoi on March 7. The seminar revealed that Vietnam's exports will increase by 30-40% due to lower tariffs following the EU-Vietnam free trade agreement (EVFTA). Minister Counsellor and head of the […] The post Local exports to benefit from FTAs with EU appeared first on Vietnam Business News.

PVN, EVN face ban on non-core investment Posted: 07 Mar 2014 10:15 PM PST Vietnam Electricity Group (EVN) and Vietnam Oil and Gas Group (PVN) will be banned from investing in real estate, banking, insurance and stock market, said the Ministry of Finance. The two State-owned groups have invested heavily in non-core sectors, with PVN having poured over VND5 trillion and EVN some VND1.1 trillion in business areas that […] The post PVN, EVN face ban on non-core investment appeared first on Vietnam Business News.

Quang Nam province to focus on tourism human resources Posted: 07 Mar 2014 10:10 PM PST Central Quang Nam province will, from now to 2020, focus on improving the perception on tourism development and human resources training for the sector to meet rising demands, thus shifting its economic base from agriculture to industry, with services occupying a large ratio of the economy. This was a conclusion from a conference jointly held […] The post Quang Nam province to focus on tourism human resources appeared first on Vietnam Business News.

Vietnam Airlines adds more flights for Hue Festival Posted: 07 Mar 2014 10:04 PM PST Vietnam Airlines plans to increase the number of flights to serve passengers coming to the central province of Thua Thien-Hue to celebrate Hue Festival 2014. The national flag carrier will operate more return flights from Hanoi and Ho Chi Minh City to Hue until June 23. It will provide 400 seats every day for the […] The post Vietnam Airlines adds more flights for Hue Festival appeared first on Vietnam Business News.

Sharp increase in asset growth for JVs, foreign lenders Posted: 07 Mar 2014 09:59 PM PST The assets of joint ventures and foreign banks in Vietnam registered a sharp increase last year, compared to have grown sharply last year with state-owned and commercial banks. While the country's banking system put in a weak performance in 2013, latest statistics compiled by the State Bank of Vietnam have shown that as of the […] The post Sharp increase in asset growth for JVs, foreign lenders appeared first on Vietnam Business News.

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