The Business Times: Transport costs soar as truck drivers have to abide by laws

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• Transport costs soar as truck drivers have to abide by laws
• Real estate brokerages rushing to recruit new staff
• Vinacomin targets to produce and consume 10Mln tons of coal in Q2/2014
• Effectively implementing FTAs
• Vietnam in global top 10 for foreign remittances
• Loans with interest rates over 13% account for about 18% of total loans
• M&A deals seen more active in banking sector
• VND30 Tln package: VND1,441 Bln disbursed as of Mar 31

Transport costs soar as truck drivers have to abide by laws Posted: 15 Apr 2014 09:42 AM PDT The ongoing campaign of examining the cargos of trucks rolling on the nation's highways has forced drivers to reduce their volumes of goods for each trip, leading to a two-fold increase in transport costs. Minh, the Director of the Hung Minh Rice Trade Private Enterprise in Tien Giang, has been put on tenterhooks these days […] The post Transport costs soar as truck drivers have to abide by laws appeared first on Vietnam Business News.

Real estate brokerages rushing to recruit new staff Posted: 15 Apr 2014 09:41 AM PDT A slew of real estate brokerages in HCMC have since early this year been racing to recruit more staff as business in the sector has grown more active than in previous years. The realty trading centers that are getting directly or indirectly involved in property development projects have reported stronger demand for sales employees. Kim […] The post Real estate brokerages rushing to recruit new staff appeared first on Vietnam Business News.

Vinacomin targets to produce and consume 10Mln tons of coal in Q2/2014 Posted: 15 Apr 2014 09:33 AM PDT Vietnam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin), the country's top miner targets to produce and consume 9 to 10 million tons of coal in the second quarter of 2014, nangluongvietnam.vn reported. The corporation also targets to complete from 50%-52% of the whole year target in the first half of this year, the […] The post Vinacomin targets to produce and consume 10Mln tons of coal in Q2/2014 appeared first on Vietnam Business News.

Effectively implementing FTAs Posted: 15 Apr 2014 09:27 AM PDT A Vietnam-US seminar in Hanoi on April 15 examined the role of the National Assembly in overseeing and improving the efficiency of implementation of free trade agreements. In his speech, Tran Van Hang, Chairman of the National Assembly's Committee for External Affairs (CEA) noted Vietnam has integrated deeper into regional and global economic institutions, supporting […] The post Effectively implementing FTAs appeared first on Vietnam Business News.

Vietnam in global top 10 for foreign remittances Posted: 15 Apr 2014 09:26 AM PDT The World Bank (WB) has announced Vietnam is among the top ten overseas remittance recipients in the world, receiving US$11 billion last year alone. WB reported that overseas remittances hit US$542 billion globally last year and are expected to rise to US$581 billion in 2014 and US$681 billion in 2016. India topped the list with […] The post Vietnam in global top 10 for foreign remittances appeared first on Vietnam Business News.

Loans with interest rates over 13% account for about 18% of total loans Posted: 15 Apr 2014 09:01 AM PDT According to the State Bank of Vietnam (SBV)'s Monetary Policy Department (SBV), loans with interest rates over 13%/year currently account for about 17-18% of total loans, local newswire Business Forum reported. The figure has been reduced significantly compared to 31% at the end of June 2013. Those loans comprise of mainly consumer loans for items […] The post Loans with interest rates over 13% account for about 18% of total loans appeared first on Vietnam Business News.

M&A deals seen more active in banking sector Posted: 15 Apr 2014 09:01 AM PDT The banking sector looks set to have more mergers & acquisitions (M&A) deals struck this year as numerous banks are putting forth their merger schemes in the ongoing annual general meeting (AGM) season. Vietcombank will seek approval to carry out an M&A agreement with other banks at its AGM slated for April 23. However, the […] The post M&A deals seen more active in banking sector appeared first on Vietnam Business News.

VND30 Tln package: VND1,441 Bln disbursed as of Mar 31 Posted: 15 Apr 2014 09:01 AM PDT Only in the second half of March, there were 440 customers disbursed with total outstanding loans of 119 billion, local newspaper Banking Times reported. According to Nguyen Viet Manh, the State Bank of Vietnam (SBV)'s Head of Credit Department, by the end of March, banks have committed to 3,489 customers with VND3,094 billion and disbursed […] The post VND30 Tln package: VND1,441 Bln disbursed as of Mar 31 appeared first on Vietnam Business News.

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