Tuesday, March 18, 2014

The Business Times: EU-Vietnam FTA: Opportunities and challenges

The Business Times: EU-Vietnam FTA: Opportunities and challenges

Link to Vietnam Business News

EU-Vietnam FTA: Opportunities and challenges

Posted: 17 Mar 2014 11:45 PM PDT

After six rounds of negotiations, Vietnam and the European Union are now close to signing the EU-Vietnam Free Trade Agreement (EVFTA) which is expected to benefit the Vietnamese economy, especially in the export sector, said weekly Vietnam Business Forum magazine. However, experts at the seminar “Social, Economic and Environmental Assessments of the EU-Vietnam Free Trade […]

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Construction material sales fall

Posted: 17 Mar 2014 11:42 PM PDT

Consumption of building materials in HCM City is falling fast. Figures show consumption has dropped by as much as 50 per cent year-on-year despite being at the height of the annual building season, according to local traders. Traders selling building materials in District 2, Thu Duc and Binh Thanh say that the annual building season […]

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Vietnam attends Seafood Expo North America

Posted: 17 Mar 2014 11:42 PM PDT

Vietnamese ambassador to the US, Nguyen Quoc Cuong cut the ribbon to kick off opening ceremonies of– Seafood Expo North America 2014– in Boston, Massachusetts. Eighteen seafood pavilions at the event aim to introduce Vietnamese high quality products and find deeper inroads into foreign markets of the US and other participating nations. In his opening […]

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Vietnam’s mobile apps industry starts to toddle

Posted: 17 Mar 2014 11:37 PM PDT

While the mobile apps industry has been running like the wind over the last few years, Vietnam now learns how to walk by toddling. The first step is the hardest Hoang Van Hau decided to start up his business with a software product applied to taxi service – PingTaxi. After setting up a business in […]

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Mekong Delta produces 4.3 mln tonnes of winter-spring rice

Posted: 17 Mar 2014 11:26 PM PDT

The Mekong Delta produces 4.3 million tonnes of winter-spring rice, reported the Ministry of Agriculture and Rural Development (MARD). In March and April, the figure stood at 3.2 million tonnes. According to the Ministry of Industry and Trade (MoIT), the nation exported 753,000 tonnes of rice worth 322 million USD up until March 10, down […]

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Vietnam expects to home 5,000 S&T enterprises by 2020

Posted: 17 Mar 2014 11:25 PM PDT

The initially small number of science and technology enterprises (S&T enterprises) have laid first foundations for the formation of a new technology enterprise culture in Vietnam. Last year, 87 new enterprises were established as S&T enterprises, and about 160 records were reviewed for certification. S&T enterprises have not only acted as a bridge to quickly […]

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Domestic rice prices inch up

Posted: 17 Mar 2014 11:22 PM PDT

Rice prices in the Mekong Delta had increased slightly after the government approved the purchase of one million tonnes for a national temporary reserve last weekend. Early last week, the price for winter-spring rice remained high, but then it suddenly fell, partly due to competitive pressure from Thai rice. Farmers like Le Van Tam were […]

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Shares rebound on rates cut

Posted: 17 Mar 2014 11:18 PM PDT

Shares strongly rebounded on both the national stock exchanges following yesterday’s announcement by the central bank that it has cut key interest rates. Many experts claimed that greater capital inflow will shift to the stock market as the Vietnamese dong deposit interest rate caps have been lowered to 6 per cent per year from the […]

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Apartment developers wring buyers in rash dash for profit

Posted: 17 Mar 2014 11:06 PM PDT

Despite continuing difficulties with huge stockpile of apartments, some real estate developers have marked solid sales over the past few months and are increasing prices. On March 15, the Hoa Binh Group – developer of the Hoa Binh Green City project in Hanoi – suspended sales in order to adjust prices. Nguyen Huu Duong, general […]

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Market soars as VNM ETF announces reviewed investment list

Posted: 17 Mar 2014 11:01 PM PDT

Shares closed higher on both national stocks exchange this morning after the Martket Vectors Vietnam ETF announced its reviewed investment list. On HCM City Exchange, the VN-Index added 0.6 per cent to end at 600.39 points. More than 98 million shares were changed hands with a total trading value of VND1.78 trilllion ($84.76 million). With […]

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