The Business Times: Textile and garment sector urged to restructure soon

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• Textile and garment sector urged to restructure soon
• Vietnam-EU FTA negotiations due for year-end compeletion
• Vietnam fails to develop open source software for state agencies
• City tourism fair fetes decade of growth
• Lower prices, easy payment terms set property market on revival path
• Office towers get empty as tenants refuse to pay debts
• Port project stops, resort projects kick off
• CBRE: HCMC office rents to remain stable
• Stocks up despite petrol price hike
• Mar 20, 2014: StoxPlus morning brief

Textile and garment sector urged to restructure soon Posted: 19 Mar 2014 11:17 PM PDT Viet Nam should soon restructure its textile and garment industry by increasing competitiveness, and offering value-added products, stated Deputy Prime Minister Hoang Trung Hai. During his speech at an opening ceremony of Esquel Group’s new garment factory in the northern Hoa Binh province yesterday, the deputy PM noted that apart from the six signed free-trade […] The post Textile and garment sector urged to restructure soon appeared first on Vietnam Business News.

Vietnam-EU FTA negotiations due for year-end compeletion Posted: 19 Mar 2014 11:16 PM PDT Vietnam and the European Free Trade Association (EFTA) are in Free Trade Agreement (FTA) negotiations and are expected to complete them by the end of this year. This information was released during talks between Vietnamese Minister of Trade and Industry Vu Huy Hoang and his Norwegian counterpart Monica Mæland in Hanoi on March 19, as part […] The post Vietnam-EU FTA negotiations due for year-end compeletion appeared first on Vietnam Business News.

Vietnam fails to develop open source software for state agencies Posted: 19 Mar 2014 11:13 PM PDT t was not the right time to request state agencies to use open source software five years ago. And it is not the right time to do this now. It is because of the lack of the supporting technical staff. Open source software program fails According to Vu Duy Loi, Director of the Communist Party […] The post Vietnam fails to develop open source software for state agencies appeared first on Vietnam Business News.

City tourism fair fetes decade of growth Posted: 19 Mar 2014 11:10 PM PDT The 10th HCM City Tourism Fair themed “Ten years of growth and development” will be held from March 27-30 at the 23 September Park in District 1. The aim of the fair is to promote the domestic travel industry. The Departments of Culture, Sports and Tourism in 39 cities and provinces, along with 45 travel […] The post City tourism fair fetes decade of growth appeared first on Vietnam Business News.

Lower prices, easy payment terms set property market on revival path Posted: 19 Mar 2014 11:07 PM PDT Ho Chi Minh City-based property company Novaland said it sold 70 apartments on the first day of sales late last month after it acquired some stalled projects and offered units at lower prices.  The market is hearing plenty of good news like this, thanks to developers' flexible payment options and the government's plan to open […] The post Lower prices, easy payment terms set property market on revival path appeared first on Vietnam Business News.

Office towers get empty as tenants refuse to pay debts Posted: 19 Mar 2014 11:03 PM PDT The office-for-rent market has tumbled down with tenants having packed up and gone, landlords struggling to collect debts. The owner of an office building in Cau Giay district said he has driven out a tenant who was 5 months in arrears with his rent, worth hundreds of millions of dong. The tenant was a loyal […] The post Office towers get empty as tenants refuse to pay debts appeared first on Vietnam Business News.

Port project stops, resort projects kick off Posted: 19 Mar 2014 10:59 PM PDT The 12 resort investors have all announced they would resume the projects' implementation after the Government nods on the cancelation of the Ke Ga Port project in Binh Thuan province. Some years ago, the investors of the 12 resort projects were told to cancel their projects to make room for the Ke Ga seaport developed […] The post Port project stops, resort projects kick off appeared first on Vietnam Business News.

CBRE: HCMC office rents to remain stable Posted: 19 Mar 2014 10:57 PM PDT Ho Chi Minh City's office market will see steady rents this year thanks to limited new supply, says CBRE. The real estate services firm has been tracking 175 new small and medium-sized mixed use commercial buildings in the southern economic hub, said Greg Ohan, national director for office services at CBRE Vietnam. Half the buildings […] The post CBRE: HCMC office rents to remain stable appeared first on Vietnam Business News.

Stocks up despite petrol price hike Posted: 19 Mar 2014 10:56 PM PDT Shares advanced on both the national stock exchanges yesterday despite a hike in the price of petrol. The petrol price hike was expected to have a negative impact on the stock market during the afternoon trade. However, the market moved against expectations due to significant capital inflows and firm investor confidence. On the HCM City […] The post Stocks up despite petrol price hike appeared first on Vietnam Business News.

Mar 20, 2014: StoxPlus morning brief Posted: 19 Mar 2014 10:53 PM PDT On March 18, 2014, Governor of the SBV issued Circular No. 09/2014/TT-NHNN amending and supplementing some articles of Circular No. 02/2013/TT-NHNN on debt classification and risk provision. Macro Economy VIETNAM PRESS-March inflation may be slowest in decade, HSC says Vietnam”s consumer price index this month could inch up 0.08 percent from February, the lowest rise in […] The post Mar 20, 2014: StoxPlus morning brief appeared first on Vietnam Business News.

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