Wednesday, March 5, 2014

The Business Times: Viet Nam wins $3.7b investment case

The Business Times: Viet Nam wins $3.7b investment case

Link to Vietnam Business News

Viet Nam wins $3.7b investment case

Posted: 04 Mar 2014 08:52 PM PST

Viet Nam has won its first international case related to investment, according to a Ministry of Justice statement released yesterday. The plaintiff, US investor Michael McKenzie, sued the Vietnamese Government for violating the Viet Nam – US bilateral trade agreement signed in 2000. He alleged that authorities of south central Binh Thuan Province caused him […]

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Vietnam highly appreciated in TPP negotiations

Posted: 04 Mar 2014 08:51 PM PST

Vietnam has shown its flexibility and held its clear view in bilateral and multilateral negotiations of the Trans-Pacific Partnership (TPP) Ministerial Meeting held recently in Singapore. Pham Quynh Mai, an official of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT), said MoIT Minister Vu Huy Hoang attended all sessions of […]

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Mar 5: Vietnam gold little slides to VND36.15Mln/Tael

Posted: 04 Mar 2014 08:46 PM PST

This morning, Vietnam gold dropped by VND230,000/tael versus yesterday close to VND36.15 million/tael. The world gold edged up in Asia trade this morning after a sharp overnight loss in New York trade last night as Ukraine fears ease. As of 09:22 am today, Hanoi time, SJC Hochiminh was traded at VND36.09 million/tael for bid and […]

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Dairy product prices under microscope

Posted: 04 Mar 2014 08:43 PM PST

The finance and trade ministries will set up delegations to inspect dairy production and trading companies after these companies submitted proposals to increase the prices of their products. Nguyen Anh Tuan, director of the Price Management Department under the Ministry of Finance (MoF), revealed the information following a March 4 meeting between the MoF, the […]

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Garment exports up 44.9% in February

Posted: 04 Mar 2014 08:39 PM PST

Vietnam garment and textile exports in February nearly doubled over the same period last year and tallied in at US$1.3 billion for the month. The Ministry of Industry and Trade (MoIT) reported that Vietnam's garment export markets show positive signs of improvement and production is picking up in pace following an unanticipated lull during the […]

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New regulation defuses “useable area” disputes

Posted: 04 Mar 2014 08:26 PM PST

The definition of apartment space will now exclude heavy duty supporting columns and utilities boxes. Circular 03/2014/TT-BXD of the Ministry of Construction, which will come into force on April 8, stated that the value of apartments would be calculated based on the net useable area of an apartment. This circulation should at a stroke resolve […]

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Affordable housing developer Nam Long gets six more investors

Posted: 04 Mar 2014 08:23 PM PST

Vietnamese property developer Nam Long, which leads in affordable housing development, has just announced six new corporate investors including the World Bank's private sector lending arm IFC. The new investors are both local and foreign. Among them are Bridger Capital and Probus Asia from overseas, and Vietnam's Ho Chi Minh City Securities Corp., a leading […]

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Mar 05, 2014: StoxPlus morning brief

Posted: 04 Mar 2014 08:21 PM PST

The Hongkong and Shanghai Banking Corporation (HSBC) cut its forecast for Vietnam's Consumer Price Index (CPI) increase in 2014 to 6.5% from 7.3% growth said in its earlier forecast, the local news provider bizlive.vn reported. Macro Economy Vietnam's CPI Seen to Rise 6.5% in 2014 The Hongkong and Shanghai Banking Corporation (HSBC) cut its forecast for […]

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Behind ACB’s plan to spend hundreds of billion dong on treasury shares

Posted: 04 Mar 2014 08:18 PM PST

If buying over 33.8 million treasury shares at a price of 19,000 dong each, Asia Commercial Bank (ACB) will have to spend an amount of over 643 billion dong, the local Newswire BizLive reported, citing ACB's announcement as saying…. Particularly, the ACB would like to buy 33.859 million treasury shares at the maximum, equivalent to […]

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VAMC clarifies debt auctions

Posted: 04 Mar 2014 08:18 PM PST

Deputy head of the Ministry of Justice's Legal Aid Department Nguyen Van Bon sheds some light on a state mechanism to boost the efficiency of the Vietnam Asset Management Company's bad debt auctions. Decree 17/2010/ND-CP from March 2010 regulated the principles, processes and procedures of asset auctioning. Do we need to create a specific mechanism […]

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