Thursday, April 17, 2014

The Business Times: Retail sector holds opportunities

The Business Times: Retail sector holds opportunities

Link to Vietnam Business News

Retail sector holds opportunities

Posted: 16 Apr 2014 07:59 PM PDT

Viet Nam is a promising market for foreign retailers and will have more competition on the local retail market next year which is the deadline of opening the domestic retail market. According to the Association of Viet Nam Retailers (AVR), Viet Nam has 130 trading centres, 700 supermarkets and over 1,000 convenient shops developed by […]

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Investors rush to lower luxury house prices

Posted: 16 Apr 2014 09:02 AM PDT

Many villa projects in Hanoi are being sold at surprisingly low prices amid the slump in the market when their investors want to clear out the stocks. Numerous leaflets are being posted on the streets to advertise home selling. If a luxurious house in urban projects was offered at tens of billions of VND a […]

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Tightening banking operations

Posted: 16 Apr 2014 09:02 AM PDT

After a year of considerable success in restructuring 9 weakest commercial banks, M&A of Vietnamese banks continues this year. Moreover, the State Bank of Vietnam (SBV) has issued many regulations on banking management to promote restructure process. Banks are currently paying most attention to the SBV's issuance of a new circular to replace Circular no.13/2010/TT-NHNN […]

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Vietnam public debt nears red line after topping $90 bln in 2012: expert

Posted: 16 Apr 2014 09:00 AM PDT

Vietnam's public debt to GDP ratio will "cross the red line" soon although it remains within a safe limit now, a department head of the National Economics University has warned…. By the end of 2012, Vietnam's national debt reached US$90 billion, equal to 55.7 percent of its GDP and only a short way from the […]

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April 16: Vietnam stocks extend losses

Posted: 16 Apr 2014 09:00 AM PDT

Vietnamese stocks closed sharply lower today, posting its fifth straight day of losses as investors continued to close their position fearing the further correction. The benchmark VN Index lost 11.8 points or 2.01% to 574.29. Volume rose 13% to 149.2 million shares worth of VND2.476 trillion. Put-through trading contributed 6.2 million shares worth of VND114.8 […]

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Vietnam Customs Collects VND53Tln Worth of Taxes in Q1/2014, Up 31% YoY

Posted: 16 Apr 2014 08:59 AM PDT

The General Department of Vietnam Customs estimated to have collected total of VND52,238 billion ($2.52 billion) worth of import-export duties in the first quarter of this year, making a year on year increase of 30.7%, thoibaonganhang.vn reported. The first 3 months of the year's figure fulfills 23.8% of the whole year target , the customs […]

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Vietnam runs $1.1Bln trade surplus in Q1/2014: Customs

Posted: 16 Apr 2014 08:58 AM PDT

Vietnam was estimated to have run a trade surplus of more than $ 1.08 billion in the first quarter of this year, the General Department of Vietnam Customs (Customs) said in its website today. In details, in the first 3 months of this year, Vietnam shipped $33.54 billion worth of goods, making a year on […]

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April 16: Vietnam central bank keeps Dollar exchange at VND21,036

Posted: 16 Apr 2014 08:57 AM PDT

Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Wednesday, unchanged for nearly 10 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, commercial banks kept dollar prices unchanged, […]

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Apr 16: Vietnam gold extends losses to VND35.53Mln/tael

Posted: 16 Apr 2014 08:55 AM PDT

This morning, Vietnam gold dropped by VND180,000/tael versus yesterday close to VND35.53 million/tael. World gold extended losses in Asia trade this morning after falling nearly 2% in New York trade last night. As of 09:11 am today, Hanoi time, SJC Hochiminh was traded at VND35.46 million/tael for bid and VND35.53 million/tael for ask, respectively. SJC […]

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Vietnam’s E-commerce sales may double by 2015

Posted: 16 Apr 2014 08:54 AM PDT

Vietnam's e-commerce sales were estimated at $2.2 billion in 2013 and are expected to surpass $4 billion by 2015 thanks to increases in the number of internet users, vnexpress.net reported. The Vietnam E-commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade (MoIT) has just publicized report on Vietnam's 2013 E-commerce. Accordingly, […]

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