The Business Times: CPI tumbles in Ha Noi, HCM City

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• CPI tumbles in Ha Noi, HCM City
• SOEs seek strategic investors
• VietJetAir to open HCM City-Singapore route
• Viettel provides 1.3 million new prefix numbers
• First half March sees trade shortfall
• Vietnam targets 11 billion USD from aquatic export
• FTA to push Vietnam-Norway cooperation
• Japan steps up inspection of shrimp imports
• Shares rise nation-wide on surging investor optimism
• No need to intervene in gold market: SBV

CPI tumbles in Ha Noi, HCM City Posted: 21 Mar 2014 09:50 PM PDT The consumer price index (CPI) in the country’s two largest cities of Ha Noi and HCM City in March declined against the previous month due to low demand. According to Ha Noi’s Statistics Office, March’s CPI in the capital dropped 0.15 per cent over February. However, the index rose 5.99 per cent year on year. […] The post CPI tumbles in Ha Noi, HCM City appeared first on Vietnam Business News.

SOEs seek strategic investors Posted: 21 Mar 2014 09:47 PM PDT State-owned corporations and groups preparing to launch Initial Public Offerings (IPOs) as part of their equitisation process are finding it difficult to find strategic investors, industry insiders say. Evaluation of assets, investment schedules and shareholders’ interests have proved to be the main problematic areas, they add. The Viet Nam Motors Industry Corporation (Vinamotor) is looking […] The post SOEs seek strategic investors appeared first on Vietnam Business News.

VietJetAir to open HCM City-Singapore route Posted: 21 Mar 2014 09:46 PM PDT The Vietjet Aviation Joint Stock Company (VietJet Air) has announced that it will launch a new international route – between Ho Chi Minh City and Singapore – from May 23 to meet the increasing travel demand. The low-cost airline will conduct seven round flights with 2,520 seats per week on the route, which is the […] The post VietJetAir to open HCM City-Singapore route appeared first on Vietnam Business News.

Viettel provides 1.3 million new prefix numbers Posted: 21 Mar 2014 09:45 PM PDT Military-run telecom Viettel will provide its users with 1.3 million new mobile phone numbers starting with 096. Accordingly, the company has become the only provider owning multi-number networks in the local telecom market. Meanwhile, Sai Gon Postel (STP) has been allowed to shift from CDMA to 3G technology. STP was required by the Ministry of […] The post Viettel provides 1.3 million new prefix numbers appeared first on Vietnam Business News.

First half March sees trade shortfall Posted: 21 Mar 2014 09:43 PM PDT Vietnam faced a trade deficit of US$279 million in the first half of March, largely attributable to foreign businesses' huge imports. Vietnam Customs statistics show the country's total import-export turnover edged up 4.4% to US$11.66 billion in the reviewed period. Of the value figure, export turnover dipped 3.9% to US$5.69 billion while imports jumped 13.7% […] The post First half March sees trade shortfall appeared first on Vietnam Business News.

Vietnam targets 11 billion USD from aquatic export Posted: 21 Mar 2014 09:40 PM PDT Vietnam strives to earn 11 billion USD from aquatic exports by 2020, including 5.5 billion USD from the shipment of farmed products. The target was revealed by the Directorate of Fisheries under the Ministry of Agriculture and Rural Development at a press briefing in Hanoi on March 20 on the occasion of the sector's Traditional […] The post Vietnam targets 11 billion USD from aquatic export appeared first on Vietnam Business News.

FTA to push Vietnam-Norway cooperation Posted: 21 Mar 2014 09:38 PM PDT The conclusion of Vietnam-Norway and Vietnam-EU Free Trade Agreement (FTA) will create a good chance for Vietnamese and Norwegian businesses to foster bilateral cooperation and establish a trade partnership, heard a meeting in Ho Chi Minh City on March 21. In attendance at the event was Norwegian Crown Prince Haakon Magnus, who said his visit […] The post FTA to push Vietnam-Norway cooperation appeared first on Vietnam Business News.

Japan steps up inspection of shrimp imports Posted: 21 Mar 2014 09:36 PM PDT Japan is now inspecting virtually all shrimp imported from Vietnam for oxytetracycline (OTC) after the antibiotic was detected in two separate batches of shrimp in February and March 2014. The Vietnam Association of Seafood Exporters and Producers (VASEP) has sent a letter of inquiry to the Directorate of Fisheries to regarding the issue. Earlier, Vietnamese […] The post Japan steps up inspection of shrimp imports appeared first on Vietnam Business News.

Shares rise nation-wide on surging investor optimism Posted: 21 Mar 2014 09:35 PM PDT Stocks continued to advance on both stock exchanges yesterday as traders offloaded shares to sell for profit at the closing session of the HCM City Stock Exchange. Bullish investors continued to hunt for shares on growing optimism that the market would continue the uptrend that started about five months ago, led by economic growth-driven factors […] The post Shares rise nation-wide on surging investor optimism appeared first on Vietnam Business News.

No need to intervene in gold market: SBV Posted: 21 Mar 2014 09:32 PM PDT The State Bank of Vietnam (SBV), with the role of intervening and stabilising the market, has not seen the instability, therefore, still makes no intervention. SBV is still watching closely market fluctuations to intervene when necessary, said Nguyen Quang Huy, Head of Foreign Exchange Department when questioned about whether the central bank continues to organise […] The post No need to intervene in gold market: SBV appeared first on Vietnam Business News.

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