The Business Times: Apr 3: Vietnam gold rises to VND35.48Mln/tael

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• Apr 3: Vietnam gold rises to VND35.48Mln/tael
• Russia: Viet Nam’s 18th largest foreign investor
• Exports to Turkey up in first two months
• Deputy PM urges seafood policy review
• Corruption poses hurdle to Vietnam FDI inflows
• Number of foreign tourists to Phu Quoc up 33 percent in Q1
• Bright prospects for garment, textile industry
• Big banks to raise charter capital in positive move
• Stable price programme opens
• Investment under business cooperation contract

Apr 3: Vietnam gold rises to VND35.48Mln/tael Posted: 03 Apr 2014 01:24 AM PDT This morning, Vietnam gold gained by VND80,000/tael to VND35.48 million per tael, following the world suit. As of 09:29 am today, Hanoi time, SJC Hochiminh was traded at VND35.42 million/tael for bid and VND35.48 million/tael for ask, respectively. SJC in the North quoted at VND35.42 million/tael for bid and VND35.50 million/tael for ask. Techcombank gold […] The post Apr 3: Vietnam gold rises to VND35.48Mln/tael appeared first on Vietnam Business News.

Russia: Viet Nam’s 18th largest foreign investor Posted: 03 Apr 2014 01:19 AM PDT Russia is Viet Nam’s 18th largest source of foreign investment, with involvement in 97 projects worth US$1.95 billion, according to the Ministry of Planning and Investment’s Foreign Investment Agency. Russian investments were made mostly in processing and manufacturing industries, with 34 projects valued at $1.1 billion; the mining industry, with 7 projects worth $581.2 million; […] The post Russia: Viet Nam’s 18th largest foreign investor appeared first on Vietnam Business News.

Exports to Turkey up in first two months Posted: 03 Apr 2014 01:19 AM PDT Viet Nam’s exports to Turkey saw significant annual growth of 34 per cent, rising to US$185 million over the past two months, according to the Ministry of Industry and Trade. Mobile phones and their components, which topped the list of Vietnamese exports with a turnover of $86 million (up 83 per cent), have made a […] The post Exports to Turkey up in first two months appeared first on Vietnam Business News.

Deputy PM urges seafood policy review Posted: 03 Apr 2014 01:17 AM PDT Deputy Prime Minister Vu Van Ninh yesterday called for a review of the nation’s policies on aquaculture, seafood processing and support for offshore fishing. Chairing a meeting on fisheries development in Ha Noi, he asked relevant ministries and State agencies to suggest appropriate revisions to the policies so that timely amendments can be made. He […] The post Deputy PM urges seafood policy review appeared first on Vietnam Business News.

Corruption poses hurdle to Vietnam FDI inflows Posted: 03 Apr 2014 01:16 AM PDT Corruption is affecting Vietnam's FDI prospects, and if the problem is not resolved, the country will become less attractive to foreign investors, Nguyen Mai, chairman of the Vietnam Association of Foreign Invested Enterprises, tells Vietweek. According to the 2013 Provincial Competitiveness Index report from the Vietnam Chamber of Commerce and Industry, which studies provinces and cities […] The post Corruption poses hurdle to Vietnam FDI inflows appeared first on Vietnam Business News.

Number of foreign tourists to Phu Quoc up 33 percent in Q1 Posted: 03 Apr 2014 01:09 AM PDT The number of foreign tourists coming to Phu Quoc island in Kien Giang province in the first quarter of this year is 33 percent higher than that of the same period last year which recorded 57,100 arrivals. According to statistics released by the provincial Department of Culture, Sports and Tourism, Kien Giang welcomed over 913,000 […] The post Number of foreign tourists to Phu Quoc up 33 percent in Q1 appeared first on Vietnam Business News.

Bright prospects for garment, textile industry Posted: 03 Apr 2014 01:09 AM PDT The garment and textile industry has achieved significant success in the first quarter and its outlook for the whole year is optimistic, the Ministry of Industry and Trade reports. The ministry said that the garment and textile industry achieved the highest growth rate at 20.2 percent in the first three months. The average increase in […] The post Bright prospects for garment, textile industry appeared first on Vietnam Business News.

Big banks to raise charter capital in positive move Posted: 03 Apr 2014 01:07 AM PDT While some small commercial banks failed to raise their charter capital last year, some major lenders have already approved adding millions of US dollars to their charter capital this year. This is viewed as a positive sign amidst the current economic turmoil, but it is also a warning of increases in dividend payment sums. Sacombank […] The post Big banks to raise charter capital in positive move appeared first on Vietnam Business News.

Stable price programme opens Posted: 03 Apr 2014 01:07 AM PDT Authorities in HCM City have officially begun the annual price-stabilisation programme that will run from April 1 until the end of March next year. Under the programme, essential goods – food and foodstuff, milk, medicine and school supplies – are offered by participating companies at lower than market prices. This year, the programme includes 76 […] The post Stable price programme opens appeared first on Vietnam Business News.

Investment under business cooperation contract Posted: 03 Apr 2014 12:46 AM PDT There are a variety of means of investments in the form of contracts in Vietnam. One such form is investment under the Business Cooperation Contract, which offers many benefits, along with some disadvantages as well. As regulated by the 2005 Law on Investment and guided by Circular No. 108/2006/ND-CP, the Business Cooperation Contract (hereinafter referred […] The post Investment under business cooperation contract appeared first on Vietnam Business News.

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