Wednesday, March 12, 2014

The Business Times: Multilateral investment guarantee agency insures road project in Vietnam

The Business Times: Multilateral investment guarantee agency insures road project in Vietnam

Link to Vietnam Business News

Multilateral investment guarantee agency insures road project in Vietnam

Posted: 11 Mar 2014 08:49 PM PDT

The Multilateral Investment Guarantee Agency (MIGA) – the political risk insurance and credit enhancement arm of the World Bank group – has decided to support the rehabilitation and expansion of a section of National Highway 20, a life-line transport road in Vietnam. Accordingly, MIGA is providing non-honoring of sovereign financial obligations cover of 500 million […]

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Consumer optimism revs up car sales

Posted: 11 Mar 2014 08:43 PM PDT

The number of imported cars in the first two months of this year increased sharply in terms of value and volume, according to the General Office of Statistics (GSO). The country imported 6,000 completely built units (CBU) worth US$113 million in the January-February period, an increase of 39.8 per cent in volume and 26.1 per […]

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Producers hurry to export sugar, consumers rush to import sugar

Posted: 11 Mar 2014 08:37 PM PDT

Vietnamese sugar refineries  have been trying to export sugar as much as possible to avoid the direct confrontation with the smuggled imports from Thailand. Meanwhile, Vietnam plans to import 700,000 tons of sugar this year. According to the Vietnam Sugar and Sugar Cane Association (VSSA), the total amount of inventory sugar had reached 514,000 tons […]

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VN still to add value to key export items

Posted: 11 Mar 2014 08:35 PM PDT

Viet Nam’s failure to exploit economies of scale and ensure consistent quality of its produce has prevented it from adding value to key agriculture export items, experts say. The nation should identify what needs to be done to achieve a “breakthrough” that adds export value to each and every agricultural product, Vietnamese and South Korean […]

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Vietnam Airlines airs new jets as part of expansion

Posted: 11 Mar 2014 08:30 PM PDT

The national flag carrier Vietnam Airlines on Monday received two new Airbus A321 aircraft at Noi Bai International Airport. As part of its fleet expansion plan, the carrier in 2007 and 2009 signed contracts with Airbus to purchase a total of 26 Airbus A321 planes for delivery during the 2011-2015 period. It has received 21 […]

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Market gains on improved liquidity

Posted: 11 Mar 2014 08:26 PM PDT

Benchmark indices on both the national stock exchanges posted gains yesterday for five consecutive days with improved liquidity. The trading value on both the bourses totalled more than VND3.5 trillion (US$166.7 million), up roughly 26 per cent than yesterday. Despite some fluctuations in early morning trading, the VN-Index on the HCM City Stock Exchange, managed […]

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Vietnam’s software industry meets hard rocks

Posted: 11 Mar 2014 08:18 PM PDT

Small scaled in operation, incapable to undertake big projects, Vietnamese software firms have missed a lot of opportunities to make money. Though 2014 is believed to be a good year for the Vietnam's software industry, Vietnamese software firms have been warned that it would be not easy to make money if they cannot upgrade in […]

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Vietnam reaches top three in world for rubber exports

Posted: 11 Mar 2014 08:15 PM PDT

Vietnam has surpassed Malaysia and India to become the world's third largest exporter of natural rubber. According to the latest statistics by the Association of Natural Rubber Producing Countries (ANRPC), Vietnam's rubber output was estimated at 1.043 million tonnes in 2013, up 20.8% from the previous year, climbing two notches to third place among the world's […]

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Apartment selling prices tend to increase

Posted: 11 Mar 2014 08:14 PM PDT

As the long-sluggish property market has started showing signs of recovery this year, certain housing developers have hinted at price hikes in an apparent attempt to attract buyers who fear a price rise.  According to The Saigon Times Daily, Hoa Binh Co., Ltd, the investor of the Hoa Binh Green City project in Hanoi's Hai […]

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Vietnam lawmakers want restrictions on foreigners buying houses

Posted: 11 Mar 2014 08:04 PM PDT

The Ministry of Construction wants to scrap virtually all restrictions on overseas Vietnamese​, or Viet kieu, and foreigners owning property in Vietnam, but some lawmakers want to proceed more cautiously.  Under amendments the ministry  proposes to the Housing Law, overseas Vietnamese can buy houses without restrictions once they are allowed to enter Vietnam. Existing laws […]

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