Thursday, March 27, 2014

The Business Times: “Outsourcing” software does not mean “producing” software

The Business Times: “Outsourcing” software does not mean “producing” software

Link to Vietnam Business News

“Outsourcing” software does not mean “producing” software

Posted: 27 Mar 2014 12:22 AM PDT

Under the current regulations, the firms which implement software outsourcing contracts cannot enjoy the tax incentives designed for software production firms. High technology firms cannot enjoy tax incentives Director of the HCM City Information and Communication Department Le Thai Hy complained at a meeting with the leaders of the Ministry of Information and Communication (MIC) […]

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Mekong Delta seeks to speed up tourism development

Posted: 27 Mar 2014 12:19 AM PDT

Localities in the Mekong Delta need to forge closer links among themselves to further the development of regional tourism products and services. This idea was espoused by several participants attending a Vietnam National Administration of Tourism (VNAT) workshop in Can Tho city on March 26. Attendees suggested that regional localities should focus on promoting eco-tourism […]

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Rice exports reach 1.31 million tonnes in Q1

Posted: 27 Mar 2014 12:16 AM PDT

Vietnam exported 1.31 million tonnes of rice valued at US$616 million during the first three months of 2014, according to the Ministry of Agriculture and Rural Development. In March alone, the country shipped 524,000 tonnes, grossing US$243 million in export revenue. The average export price of rice bumped up 8% compared to Q1 of 2013 […]

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Vietnam, Spain boost trade promotion

Posted: 27 Mar 2014 12:13 AM PDT

Huge potential for trade cooperation between Vietnam and Spain was introduced at a March 26 meeting in Hanoi by the Spanish Embassy and the Vietnam Chamber of Commerce and Industry (VCCI). VCCI Vice Chairman Hoang Van Dung emphasised that Vietnam is widely considered an attractive destination for foreign investors, including those from Spain, due to […]

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Vietnam-Thailand trade increases sharply

Posted: 27 Mar 2014 12:09 AM PDT

 Two-way trade between Vietnam and Thailand rose 9.2% in 2013 to US$9.4 billion, according to the Ministry of Industry and Trade. In the first two months of 2014 alone, bilateral trade value expanded 1.8% to US$1.4 billion. Currently, Vietnam is Thailand's seventh largest importer, and Thai commodities make up 5.1% of Vietnam's total import value. […]

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Ten banks chip in 50tr dong credit package to ‘save’ real estate market

Posted: 27 Mar 2014 12:04 AM PDT

Vietnam Construction Bank (VNCB) says it is going to introduce on March 25 the credit package of 50 trillion dong to support the development of the real estate market in collaboration with Thien Thanh Corporation. The package is known to aim at optimising effectiveness of all participants in a construction market as well as ensuring […]

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Trading seen ebbing this week

Posted: 26 Mar 2014 11:57 PM PDT

Securities enterprises have projected that liquidity might drop this week as exchange traded funds (ETFs) have finished the first quarterly rebalancing period this year. Last Friday, the Hochiminh Stock Exchange reported a trading value of over VND2.1 trillion in the last 15 minutes of the at-the-close (ATC) phase as ETFs rushed to finish off their […]

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Vietnam public officials freeload on free houses

Posted: 26 Mar 2014 11:52 PM PDT

A new government regulation has required retired civil servants to return state-owned houses, revealing that many have been living in their free homes far longer than allowed, according to a report by Tien Phong (Pioneer) Newspaper.  In Vietnam, the government allows certain public officials to live in villas and apartments built by the state budget […]

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Profit-taking hits national bourses

Posted: 26 Mar 2014 11:41 PM PDT

Shares on the HCM City Stock Exchange slumped for the second day as investors kept selling for profit. However, buyers and sellers showed confidence in the market. The offered volume filled all orders from investors thirsty for equity assets. They showed confidence in the market, which has been driven by solid cash flows. The VN-Index […]

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Mobile World to list in June

Posted: 26 Mar 2014 11:39 PM PDT

Mobile World JSC plans to list on the stock market since June or July 2014. This company's profit has increased more than 100 percent in 2013. Specifically, in 2013, the company reached 7.822 billion dong revenue, increasing 25 percent and 250 billion dong before tax profit. In 2014, the Company targets 10,500 billion dong revenue […]

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