The Business Times: SMEs need more clarity, confidence

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• SMEs need more clarity, confidence
• Gold price tumbles to 2-week low
• EU-Vietnam FTA challenges for agriculture, industry
• Export to Canada enjoys 20.76% surge
• Chinese firms rev up operation in Nam Dinh
• Land rental rates could be increased
• Property firms warn of price hikes to boost sales
• Shares open this week in the black
• Mar 11, 2014: StoxPlus morning brief
• Banks continue to slash deposit rates

SMEs need more clarity, confidence Posted: 10 Mar 2014 09:09 PM PDT Small enterprises can succeed if the leaders adopt clear business strategies and show self-confidence, stated Central Institute for Economic Management (CIEM) former director Le Dang Doanh. This was reported by Viet Nam Economic News yesterday. According to data furnished by the General Statistics Office in January 2014, Viet Nam had 6,900 newly-established enterprises, which is […] The post SMEs need more clarity, confidence appeared first on Vietnam Business News.

Gold price tumbles to 2-week low Posted: 10 Mar 2014 09:08 PM PDT The gold price yesterday dropped to its lowest value over the last two weeks, reaching VND36 million (US$1,714) per tael, reported gold sellers. In the opening session, the largest southern gold trader, SJC, sold at VND36.09 million ($1,718) per tael while the buying price was fixed at VND36.03 million ($1,715) per tael. Meanwhile, in the […] The post Gold price tumbles to 2-week low appeared first on Vietnam Business News.

EU-Vietnam FTA challenges for agriculture, industry Posted: 10 Mar 2014 09:04 PM PDT Vietnam and the EU are making significant strides in signing a Free Trade Agreement (FTA), which will bring both advantages and challenges for the country's key sectors, particularly agriculture and industry. Competitive pressure on agriculture According to experts from the European Trade Policy and Investment Support Project (EU-Mutrap), agriculture and seafood have emerged as vulnerable sectors […] The post EU-Vietnam FTA challenges for agriculture, industry appeared first on Vietnam Business News.

Export to Canada enjoys 20.76% surge Posted: 10 Mar 2014 08:59 PM PDT Vietnam earned US$143.64 million from its export to Canada in January, a year-on-year increase of 20.76%, according to customs statistics.  Of the total, 28 percent or US$40.36 million was generated by garment and textiles, followed by aquatic products with US$15.73 million, and footwear, US$12.26 million. Other Vietnamese exports to the North America country in January […] The post Export to Canada enjoys 20.76% surge appeared first on Vietnam Business News.

Chinese firms rev up operation in Nam Dinh Posted: 10 Mar 2014 08:59 PM PDT The Red River Delta province of Nam Dinh has granted an investment licence to Jiangsu Julun Textiles Group Co., Ltd of China to build a factory worth US$68 million in the locality. Covering 80,000 square meters in the Bao Minh industrial park in Vu Ban district, the factory specialises in producing yarn with an annual […] The post Chinese firms rev up operation in Nam Dinh appeared first on Vietnam Business News.

Land rental rates could be increased Posted: 10 Mar 2014 08:55 PM PDT The Finance Ministry has proposed increasing land rental rates as part of a draft decree on land rental, water surface rental and land use fees that will likely be submitted to the Prime Minister next month. The land rental rate currently ranges from 0.25 to two per cent of the land price, depending on what […] The post Land rental rates could be increased appeared first on Vietnam Business News.

Property firms warn of price hikes to boost sales Posted: 10 Mar 2014 08:53 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. Hoa Binh Co., Ltd, the investor of the Hoa Binh Green City project in Hanoi's Hai Ba Trung District, is planning to […] The post Property firms warn of price hikes to boost sales appeared first on Vietnam Business News.

Shares open this week in the black Posted: 10 Mar 2014 08:51 PM PDT The VN-Index on the southern bourse managed to exceed the 580-point level yesterday, adding 3.94 points, or 0.68 per cent, to end at 583.69 points. The gains were mainly registered by blue chip companies, such as Vinamilk (VNM), real estate giant Vingroup (VIC), Vietcombank (VCB), and Masan Group (MSN). Bao Viet Group (BVH) also gained […] The post Shares open this week in the black appeared first on Vietnam Business News.

Mar 11, 2014: StoxPlus morning brief Posted: 10 Mar 2014 08:49 PM PDT The Government has issued Resolution 15/NQ-CP on measures to speed up equitisation and withdrawal of State capital from enterprises, the Government Portal said. Macro Economy Gov't Asks for Specific Equitisation and Capital Withdrawal Plans The Government has issued Resolution 15/NQ-CP on measures to speed up equitisation and withdrawal of State capital from enterprises, the Government Portal […] The post Mar 11, 2014: StoxPlus morning brief appeared first on Vietnam Business News.

Banks continue to slash deposit rates Posted: 10 Mar 2014 08:47 PM PDT Many banks continue to cut deposit interest rates, local newspaper Tuoi Tre reported.  At ACB, 1-month deposit rate fell from 6.5% to 6.2%/year, 2-month term interest rate was down to 6.3%/year. 3-month interest rate also fell 0.15% to 6.45%/year. Long- term rates were also reduced. Specifically, 12-month rate decreased from 7.9% to 7.7%/year. 13-month rate […] The post Banks continue to slash deposit rates appeared first on Vietnam Business News.

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