The Business Times: Int’l experts hail Vietnam’s economic development

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• Int’l experts hail Vietnam’s economic development
• Hotels in Vietnam among world’s cheapest
• PM chairs rice consumption conference
• Bank restructuring aims to eliminate weak banks from market
• PM sets up board to tackle bad debt
• Samsung’s Thai Nguyen factory starts running
• Foreign capital flow to Vietnam to shelter from regional uncertainties
• Local carriers speed up for ASEAN open skies
• Mercedes-Benz expands operation in Vietnam
• Foreign invested companies in Vietnam honoured

Int’l experts hail Vietnam’s economic development Posted: 16 Mar 2014 12:40 AM PDT Austrian experts, scientists and businesses representatives have compared notes on Vietnam's economic issues at a recent seminar held at the Diplomatic Academy of Vienna. They agreed that after the Doi Moi (renewal) process, the Vietnamese economy is enjoying robust growth with significant results. However, such rapid growth causes various problems for the economy. Dr Thomas […] The post Int'l experts hail Vietnam's economic development appeared first on Vietnam Business News.

Hotels in Vietnam among world’s cheapest Posted: 16 Mar 2014 12:37 AM PDT According to UK-based website Hotels.com, Hanoi currently ranks second and Ho Chi Minh City sixth among the top ten cities with the cheapest hotel prices. In 2013, the average hotel price in Hanoi was US$65.2 per night, down 20% compared to the previous year of US$81.9. Meanwhile, visitors to HCM City spent US$95.3 a night, […] The post Hotels in Vietnam among world's cheapest appeared first on Vietnam Business News.

PM chairs rice consumption conference Posted: 16 Mar 2014 12:35 AM PDT Prime Minister Nguyen Tan Dung on March 15 presided over a conference in Can Tho addressing pressing matters to provide adequate funding for agricultural rice production and consumption. The Ministry of Agriculture and Rural Development (MARD) reported that this year's rice production output in the Mekong Delta region is estimated at 8.6 million tonnes, including […] The post PM chairs rice consumption conference appeared first on Vietnam Business News.

Bank restructuring aims to eliminate weak banks from market Posted: 16 Mar 2014 12:29 AM PDT  An impending merger between Southern Bank and Sacombank is the latest move in Vietnam's banking restructuring process. In an interview on the Vietnam Investment Review, Tran Hoang Ngan, member of the National Assembly Economic Committee and National Financial and Monetary Advisory Council, believes the goals of sufficient capital supply and healthy banking sector can be […] The post Bank restructuring aims to eliminate weak banks from market appeared first on Vietnam Business News.

PM sets up board to tackle bad debt Posted: 16 Mar 2014 12:29 AM PDT Prime Minister Nguyen Tan Dung has set up an inter-disciplinary steering board to lead the mammoth projects of restructuring credit institutions by 2015 and resolving bad debts of the system. In the new decision, Deputy Prime Minister Nguyen Van Ninh will take the hot seat of the board, and State Bank of Viet Nam’s Governor […] The post PM sets up board to tackle bad debt appeared first on Vietnam Business News.

Samsung’s Thai Nguyen factory starts running Posted: 16 Mar 2014 12:24 AM PDT Samsung's cell-phone production factory in Thai Nguyen Province has started operation after nearly one year of construction, said a source from Samsung Vina Electronics Co. Ltd. The investor expects to inaugurate the factory in the middle of this year. The project has a total investment capital of US$2 billion. In the first stage, Samsung Electronics […] The post Samsung's Thai Nguyen factory starts running appeared first on Vietnam Business News.

Foreign capital flow to Vietnam to shelter from regional uncertainties Posted: 16 Mar 2014 12:22 AM PDT Economists all have affirmed that Vietnam would witness a strong foreign capital inflow this year. However, it is unclear if the investors come to Vietnam to implement their long term business strategies, or just to seek temporary shelter. Ong Seng Yeow, a senior executive of the Malaysian Maybank Kim Eng (MBKE), said during his working […] The post Foreign capital flow to Vietnam to shelter from regional uncertainties appeared first on Vietnam Business News.

Local carriers speed up for ASEAN open skies Posted: 16 Mar 2014 12:21 AM PDT Airlines of Vietnam are making preparations to cash in on new opportunities of the open skies agreement as part of the ASEAN economic community in 2015. Fast aircraft fleet, flight expansion HSBC Bank (Vietnam) Ltd. said in a statement that its representatives joined Vietnam Airlines' official celebration Monday for arrival of two brand-new Airbus A321 […] The post Local carriers speed up for ASEAN open skies appeared first on Vietnam Business News.

Mercedes-Benz expands operation in Vietnam Posted: 16 Mar 2014 12:16 AM PDT Mercedes –Benz, currently in its second year of operations in Vietnam, has decided to raise its registered capital by an additional US$10 million to US$30 million. Mercedes-Benz Director General Michael Behrens said on May 14 that half of the additional capital will be designated for developing new production lines and the remainder will be utilised […] The post Mercedes-Benz expands operation in Vietnam appeared first on Vietnam Business News.

Foreign invested companies in Vietnam honoured Posted: 16 Mar 2014 12:14 AM PDT Vietnam MM Company and Dobal Company were presented with this year's coveted Belgium-Luxembourg-Holland Award for business achievement in Vietnam. The Belgium Luxembourg Chamber of Commerce in Vietnam (BeluxCham) and the Dutch Business Association Vietnam (DBAV) made the announcement at a ceremony held on March 14. Additionally the Excellent Enterprise Award was presented to De Heus Company. Fresh Studio received honours […] The post Foreign invested companies in Vietnam honoured appeared first on Vietnam Business News.

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