The Business Times: Vietnam enjoys EUR2 bln trade surplus with France

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• Vietnam enjoys EUR2 bln trade surplus with France
• Garment sector promotes exports to Middle East
• Lack of funds chokes social housing projects
• Viet Nam to drop price of export rice
• Mobile network operators move noisily to OTT service market
• PM approves civil aviation plans through 2030
• ICAEW forecasts Vietnam’s economy to grow by 5.4% in 2014
• Making breakthroughs for garment and textile sector
• State to open derivatives market in 2016
• VND1.8 trillion collected from State’s dividends

Vietnam enjoys EUR2 bln trade surplus with France Posted: 13 Mar 2014 10:35 PM PDT Vietnam enjoyed a trade surplus of over EUR2 billion with France last year, slightly lower than a record EUR2.1 billion seen in 2012.  French customs statistics showed that two-way trade between Vietnam and France grew 6 percent from 2012 to 3.5 billion EUR, including 2.79 billion EUR in Vietnam's exports and 704 million EUR in […] The post Vietnam enjoys EUR2 bln trade surplus with France appeared first on Vietnam Business News.

Garment sector promotes exports to Middle East Posted: 13 Mar 2014 10:35 PM PDT Vietnam's garment and textile sector now considers the Middle East a promising market as it is facing product origin requirements from traditional markets like the US and the EU. According to the Vietnam Textile and Apparel Association, there is an increasing demand for products, especially gowns, shirts, jeans and kids ready-made garments from the Middle […] The post Garment sector promotes exports to Middle East appeared first on Vietnam Business News.

Lack of funds chokes social housing projects Posted: 13 Mar 2014 10:29 PM PDT A shortage of funds has stopped work on many social housing projects for low-income earners in southern Dong Nai Province. Nguyen Khac Son, manager of Son An Urban Development and Investment JSC, said 408 apartments in Tam Hoa Commune, Bien Hoa City, were left unfinished at the third-storey level. According to the design, the housing […] The post Lack of funds chokes social housing projects appeared first on Vietnam Business News.

Viet Nam to drop price of export rice Posted: 13 Mar 2014 10:27 PM PDT In an attempt to promote rice exports, Viet Nam will reduce its price in the world market and increase exports to China, according to the Ministry of Industry and Trade. Thailand has sold 17-18 million tonnes of rice at a price of US$370-380 per tonne, while India and Myanmar have also cut their prices to […] The post Viet Nam to drop price of export rice appeared first on Vietnam Business News.

Mobile network operators move noisily to OTT service market Posted: 13 Mar 2014 10:23 PM PDT MobiFone has announced it will develop OTT apps itself, while the military telecom group Viettel reportedly considers buying South Korean Kakao Talk. A Ministry of Information and Communication's (MIC) report showed that one of its key tasks in March is considering licensing MobiFone to provide OTT services (free messaging, voice chatting on Internet). However, further […] The post Mobile network operators move noisily to OTT service market appeared first on Vietnam Business News.

PM approves civil aviation plans through 2030 Posted: 13 Mar 2014 10:20 PM PDT The fleet of civil aircraft in Vietnam will increase to 230-250 by 2030, in accordance with the recent civil aviation strategy approved by the Prime Minister. The plan calls for airlines to substantially increase bilateral and multilateral air transport capacity with traditional markets in South East Asia, northeastern Asia and China. They will also beef […] The post PM approves civil aviation plans through 2030 appeared first on Vietnam Business News.

ICAEW forecasts Vietnam’s economy to grow by 5.4% in 2014 Posted: 13 Mar 2014 10:15 PM PDT Increased net exports will help Vietnam's economy achieve growth of 5.4% in 2014, according to the first quarterly report of ICAEW Economic Insight – South East Asia.  ICAEW is a highly acclaimed leading professional membership organization and a founding member of Chartered Accountants Worldwide and the Global Accounting Alliance. The report states that a healthier […] The post ICAEW forecasts Vietnam's economy to grow by 5.4% in 2014 appeared first on Vietnam Business News.

Making breakthroughs for garment and textile sector Posted: 13 Mar 2014 10:14 PM PDT Leading economists have forecast a healthy 10% increase in Vietnam's garment and textile exports for 2014 to US$23 billion. However, the National Garment and Textile Group (Vinatex) cautions that a number of thorny problems, particularly those dealing with the procurement of raw materials, must be overcome if such an optimistic outlook is to be achieved. […] The post Making breakthroughs for garment and textile sector appeared first on Vietnam Business News.

State to open derivatives market in 2016 Posted: 13 Mar 2014 10:10 PM PDT Prime Minister Nguyen Tan Dung has approved a project to develop a State-controlled centralised derivatives market, which will begin operating in 2016 and follow international technical standards.  A derivatives market is a financial market for futures, forwards, options or swaps linked to assets between two or more parties willing to take risks and speculate. After […] The post State to open derivatives market in 2016 appeared first on Vietnam Business News.

VND1.8 trillion collected from State’s dividends Posted: 13 Mar 2014 10:05 PM PDT Around VND1.8 trillion was collected from dividends of State stakes at State-owned enterprises in the year's first two months, according to the Ministry of Finance's report released on March 12. The budget collection from dividends has continued since late last year in accordance with the Government's Decree 204/2013/ND-CP. Within the two final months of last […] The post VND1.8 trillion collected from State's dividends appeared first on Vietnam Business News.

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