The Business Times: Vietnam economic hubs post competitiveness growth; pessimism still high

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• Vietnam economic hubs post competitiveness growth; pessimism still high
• Vietnam has plentiful resources for developing renewable energy
• Vietnamese consumers snub local plastic products for imported fare
• Vietnam’s trade shortfall with India narrows
• Building expo to showcase eco-friendly technologies
• Guidelines set for foreign investors’ portfolio investment accounts
• EU-VN deal to boost exports to Norway
• SBV postpones debt classification standards
• Bank M&A deal nears
• SBV bans foreign exchange trades

Vietnam economic hubs post competitiveness growth; pessimism still high Posted: 22 Mar 2014 11:18 PM PDT All of the Vietnamese economic hubs have managed to jump to higher places in the 2013 Provincial Competitiveness Index, which measures their economic governance for business development All of the Vietnamese economic hubs have managed to jump to higher places in the 2013 Provincial Competitiveness Index, which measures their economic governance for business development, but […] The post Vietnam economic hubs post competitiveness growth; pessimism still high appeared first on Vietnam Business News.

Vietnam has plentiful resources for developing renewable energy Posted: 22 Mar 2014 11:16 PM PDT Viet Nam should focus on renewable energy, director of the Energy Institute’s Renewable Energy and Clean Development Mechanisms Centre Nguyen Duc Cuong told Tuoi tre Cuoi tuan (Youth Weekly). How do you evaluate Viet Nam’s potential in the development of renewal energy, particularly that made from bio-mass? According to Viet Nam’s energy development plan, by […] The post Vietnam has plentiful resources for developing renewable energy appeared first on Vietnam Business News.

Vietnamese consumers snub local plastic products for imported fare Posted: 22 Mar 2014 11:14 PM PDT Locally-made household plastic products were losing market share to imported products due to their poor designs and R&D activities, reports the Ministry of Trade and Industry For example, jn just a short period, a high-class brand of Korean plastic appliances has flooded supermarkets. The brand is competing directly with Vietnamese products, reports Doanh Nhan magazine. […] The post Vietnamese consumers snub local plastic products for imported fare appeared first on Vietnam Business News.

Vietnam’s trade shortfall with India narrows Posted: 22 Mar 2014 11:12 PM PDT Vietnam's trade deficit with India narrowed to US$529 million in 2013, according to Ministry of Industry and Trade statistics. The change represents a continued and significant deceleration after the deficit peaked at US$1.7 billion in 2008. Apart from the traditional exports, including pepper, rubber and footwear, more and more Vietnamese products with higher added values […] The post Vietnam's trade shortfall with India narrows appeared first on Vietnam Business News.

Building expo to showcase eco-friendly technologies Posted: 22 Mar 2014 11:11 PM PDT More than 450 local and foreign firms will showcase their latest products in construction, building materials, real estate and interior and exterior decoration sectors at Vietbuild 2014 in Ha Noi. The five-day exhibition, to be inaugurated on Wednesday at the Viet Nam Exhibition and Fair Centre, will introduce eco-friendly materials and energy-saving devices related to […] The post Building expo to showcase eco-friendly technologies appeared first on Vietnam Business News.

Guidelines set for foreign investors’ portfolio investment accounts Posted: 22 Mar 2014 11:05 PM PDT Circular 05/2014/TT-NHNN (12 March 2014) issued by the State Bank of Viet Nam (SBV) contains guidelines on opening and using indirect investment capital accounts for implementing foreign indirect investment activities in Viet Nam. The Circular applies to foreign investors who are non-residents looking to carry out indirect investment activities in Viet Nam, as well as […] The post Guidelines set for foreign investors’ portfolio investment accounts appeared first on Vietnam Business News.

EU-VN deal to boost exports to Norway Posted: 22 Mar 2014 11:02 PM PDT Norwegian business representatives accompanying Crown Prince Haakon Magnus and his wife on their visit to Viet Nam told the local business community in HCM City yesterday that they expect the free trade agreement between Viet Nam and European Union to come into force this year. Thomas Angell, executive director of trade at the Enterprise Federation […] The post EU-VN deal to boost exports to Norway appeared first on Vietnam Business News.

SBV postpones debt classification standards Posted: 22 Mar 2014 10:59 PM PDT The State Bank of Vietnam has issued a circular allowing commercial banks an additional year before applying new, strict debt classification standards. According to the circular (Circular No. 09/2014/TT-NHNN), dated March 18, 2014, banks can continue to restructure existing loans and keep them in the same debt group until April 01, 2015 instead of reclassifying […] The post SBV postpones debt classification standards appeared first on Vietnam Business News.

Bank M&A deal nears Posted: 22 Mar 2014 10:57 PM PDT Sacombank last week announced it would hold its annual general shareholders' meeting scheduled in March. The event will include a vote on the proposed merger with Southern Bank this year. The two parties are working to complete the merger plan which will be further detailed at the meeting and will be submitted to the State […] The post Bank M&A deal nears appeared first on Vietnam Business News.

SBV bans foreign exchange trades Posted: 22 Mar 2014 10:56 PM PDT Transactions on foreign exchange (forex) trading floors are illegal in Viet Nam and violators can face administrative fines of up to VND100 million, or US$4,760. Nguyen Quang Huy, Director of the State Bank of Viet Nam (SBV)'s foreign exchange management department, announced this on the central bank’s website on Sunday. While the Government has set […] The post SBV bans foreign exchange trades appeared first on Vietnam Business News.

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