The Business Times: Economic indicators show steady growth

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• Economic indicators show steady growth
• Zero tax levied on two Cambodian import items
• International trade fair bound for Dien Bien
• Four oil refineries due to enter operation by 2030
• No 4G for domestic market until next year
• Domestic firms lend a hand to Chinese to distribute games illegally?
• Shares gain three days in a row
• Penny stocks dominate Jan-Feb market rally
• VAMC buys nearly 40tr dong of bad debts from banks
• Credit still pouring into ‘large’ firms

Economic indicators show steady growth Posted: 10 Mar 2014 12:06 AM PDT Viet Nam’s activity indicators continued to show slow but steady improvement in February, with foreign direct investment rising steadily, ANZ said in a report. The external position remained robust since FDI continued to be the bulwark of the economy. As of February some 122 projects worth US$830.9 million have been licensed, while 41 existing projects […] The post Economic indicators show steady growth appeared first on Vietnam Business News.

Zero tax levied on two Cambodian import items Posted: 09 Mar 2014 11:59 PM PDT The Ministry of Industry and Trade (MoIT) has decided to impose a zero tax rate on rice and dried tobacco leaves imported from Cambodia over 2014-2015. Under a MoIT circular dated February 24, 2014, the ministry set the annual quotas for imported rice and tobacco leaves, with 3,000 tonnes each. Companies can register for 0% […] The post Zero tax levied on two Cambodian import items appeared first on Vietnam Business News.

International trade fair bound for Dien Bien Posted: 09 Mar 2014 11:56 PM PDT The northwestern mountain province of Dien Bien will play host to an international trade fair from March 25-31. The event is part of a national trade promotion programme and marks the upcoming 60th anniversary of the Dien Bien Phu Victory over French colonialism. Participating businesses will showcase a variety of agricultural, industrial and hand-made products on […] The post International trade fair bound for Dien Bien appeared first on Vietnam Business News.

Four oil refineries due to enter operation by 2030 Posted: 09 Mar 2014 11:47 PM PDT Vietnam aims to have four oil refineries fully operational by 2030 capable of processing 16-20 million tonnes of crude oil per annum by 2020. The Ministry of Planning and Investment made the announcement at a recent meeting, discussing the orientations of the oil refinery industry and projects for coastal socio-economic development along with adaptation to […] The post Four oil refineries due to enter operation by 2030 appeared first on Vietnam Business News.

No 4G for domestic market until next year Posted: 09 Mar 2014 11:43 PM PDT The Ministry of Information and Communications will hold an auction to award 4G licenses next year, meaning domestic customers have to wait till 2015 to use the service although the new technology is becoming popular in the world with 250 service providers. Currently, VNPT and Viettel with 4G testing licenses have gained some success. They […] The post No 4G for domestic market until next year appeared first on Vietnam Business News.

Domestic firms lend a hand to Chinese to distribute games illegally? Posted: 09 Mar 2014 11:39 PM PDT Why can Chinese game firms distribute unlicensed games in Vietnam and how can they get payment from Vietnamese gamers? The "special support" The Ministry of Information and Communication (MIC) once asked ISPs to block the domain names of the games distributed by Koramgame. However, the webgames still have been surprisingly operational. This has raised the […] The post Domestic firms lend a hand to Chinese to distribute games illegally? appeared first on Vietnam Business News.

Shares gain three days in a row Posted: 09 Mar 2014 11:36 PM PDT With significant capital inflow, the benchmark indices continued to finish in the black yesterday, for three consecutive trading days.  The VN-Index edged up 0.21 per cent to reach 579.75 points. The total trading value reached VND2.23 trillion (US$106.19 million) and a total volume of more than 157 million shares were traded. At one time, the […] The post Shares gain three days in a row appeared first on Vietnam Business News.

Penny stocks dominate Jan-Feb market rally Posted: 09 Mar 2014 11:32 PM PDT Several stocks witnessed huge gains within the first two months of the current year along with market rally and improved liquidity.  According to statistics revealed by Dau Tu Chung Khoan (Securities Investment), among the listed stocks on both the national exchanges, 230 codes increased at a rate of more than 30 per cent. Out of […] The post Penny stocks dominate Jan-Feb market rally appeared first on Vietnam Business News.

VAMC buys nearly 40tr dong of bad debts from banks Posted: 09 Mar 2014 11:31 PM PDT Vietnam Asset Management Company (VAMC) bought nearly 40 trillion dong of bad debts from banks in a very short time. However, settlement ways to output of above bad debts is a large question.  Vietnam Asset Management Company (VAMC) bought nearly 40 trillion dong of bad debts from banks in a very short time. This figure […] The post VAMC buys nearly 40tr dong of bad debts from banks appeared first on Vietnam Business News.

Credit still pouring into ‘large’ firms Posted: 09 Mar 2014 11:27 PM PDT The credit growth of Vietnamese credit institutions in 2013 was 12.51 percent, but only about 15 percent of small and medium sized enterprises (SMEs) accessed bank loans, according to announcement of management agency.  Credit still pouring into state-owned enterprises (SOEs) and large groups SMEs' feedback is not without basis. The credit growth of the banking […] The post Credit still pouring into 'large' firms appeared first on Vietnam Business News.

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