The Business Times: Positive signs for the economy in Q1

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• Positive signs for the economy in Q1
• Number of firms set up surges in March
• New electricity grid ensures stable supply
• Mar 31: Vietnam gold edges up to VND35.58Mln/Tael
• New circular won’t affect indirect investment
• Vietnam tourism: Who is guiding who?
• Wood exports hit US$1.4 bil in Q1
• HCM City imports, exports tumble in first quarter
• Thailand, Viet Nam target $15b in trade
• Ho Chi Minh City leads charge on tourism

Positive signs for the economy in Q1 Posted: 31 Mar 2014 12:18 AM PDT The General Statistics Office (GSO) reports Vietnam has maintained steady economic growth for the fourth consecutive quarter in a row, establishing a trend that bodes well for the economy in 2014. Entrepreneurial business startups and new venture capital in the reviewed period witnessed exponential growth, according to the statistical agency. GDP up 4.96% GDP increased […] The post Positive signs for the economy in Q1 appeared first on Vietnam Business News.

Number of firms set up surges in March Posted: 31 Mar 2014 12:15 AM PDT The number of firms established in March and their total capital almost doubled from the previous month, according to figures from the municipal Department of Planning and Investment. There were 7,487 new companies who invested a total of more than 35 trillion VND (1.66 billion USD). In the first quarter as a whole, the number […] The post Number of firms set up surges in March appeared first on Vietnam Business News.

New electricity grid ensures stable supply Posted: 31 Mar 2014 12:14 AM PDT The 500kV electricity grid from Pleiku – My Phuoc – Cau Bong is expected to be operational by the end of April, providing a stable electricity supply for southern provinces. More than 400 workers and engineers of the No 1 Electricity Construction Joint Stock company are finishing the final work on the grid located in […] The post New electricity grid ensures stable supply appeared first on Vietnam Business News.

Mar 31: Vietnam gold edges up to VND35.58Mln/Tael Posted: 31 Mar 2014 12:12 AM PDT This morning, Vietnam gold edged up by VND20,000/tael to VND35.58 million/tael versus last weekend close. World gold rebounded some gains in Asia trade this morning after dropping $50 cent/ounce in New York trade last Friday night. As of 09:21 am today, Hanoi time, SJC Hochiminh was traded at VND35.53 million/tael for bid and VND35.58 million/tael […] The post Mar 31: Vietnam gold edges up to VND35.58Mln/Tael appeared first on Vietnam Business News.

New circular won’t affect indirect investment Posted: 31 Mar 2014 12:08 AM PDT A newly-issued circular from the State Bank of Viet Nam would not affect foreign indirect investment (FII) in Viet Nam, according to experts. The State Bank issued the Circular 05/2014/TT-NHNN on March 12. It contained guidelines on opening and using indirect investment capital accounts for implementing foreign indirect investment activities in Viet Nam. The circular […] The post New circular won’t affect indirect investment appeared first on Vietnam Business News.

Vietnam tourism: Who is guiding who? Posted: 31 Mar 2014 12:07 AM PDT Editor’s Note: The Vietnam National Administration of Tourism has recently said that those travel operators who employ foreign guides will be penalized or even have their license revoked, depending on their offenses.  The warning was given earlier this month following media reports that many foreigners are working as unlicensed tour guides in the country. Vietnamese […] The post Vietnam tourism: Who is guiding who? appeared first on Vietnam Business News.

Wood exports hit US$1.4 bil in Q1 Posted: 31 Mar 2014 12:05 AM PDT Wood product exports are expected to hit US$490 million in March, bringing the total for the first three months of the year to US$1.4 billion, up 20.1% against the comparable period last year  The Ministry of Agriculture and Rural Development (MARD) also reports that wood exports to the US and China increased 19.85% and 57.88%, […] The post Wood exports hit US$1.4 bil in Q1 appeared first on Vietnam Business News.

HCM City imports, exports tumble in first quarter Posted: 31 Mar 2014 12:01 AM PDT HCM City’s imports and exports fell by 6 per cent and 7 per cent year-on-year in the first quarter mostly because of lower prices, a socio-economic review meeting last week heard. Its exports were down to US$6.33 billion, Vo Si, deputy director of the city’s Department of Planning and Investment, said, attributing it to a […] The post HCM City imports, exports tumble in first quarter appeared first on Vietnam Business News.

Thailand, Viet Nam target $15b in trade Posted: 30 Mar 2014 11:59 PM PDT With the ASEAN Economic Community just around the corner, Thailand and Viet Nam can further expand their collaboration and maximise the potential for bilateral trade, Thai officials have said. Speaking at a conference in HCM City on Thursday, Panpimon Suwannapongse, the Thai Consul General in HCM City, said: “Despite the challenging circumstances during the past […] The post Thailand, Viet Nam target $15b in trade appeared first on Vietnam Business News.

Ho Chi Minh City leads charge on tourism Posted: 30 Mar 2014 11:56 PM PDT Ho Chi Minh City authorities have signed a tourism co-operation agreement with 30 cities and provinces so that it can promote inter-regional tourism. Nguyen Thi Hong, deputy chairwoman of the municipal People’s Committee, said that enterprises in the city had invested a total of 29 trillion VND (1.38 billion USD) in 1,000 tourism projects in […] The post Ho Chi Minh City leads charge on tourism appeared first on Vietnam Business News.

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