The Business Times: Vietnam’s exports to egypt jumps 41% YoY in Q1/2014

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• Vietnam’s exports to egypt jumps 41% YoY in Q1/2014
• Banking tycoon Kien’s shadow still ‘haunts’ ACB
• Apr 22: Vietnam gold little changes at VND35.39Mln/Tael
• April 22: Vietnam Central Bank keeps Dollar exchange at VND21,036
• Exporters bargain rice away, farmers suffer
• Technology investment works wonders in HCM City
• Customs rapped over vague tax bills for FDI firms
• Fast food giants join battle for retail premises
• Chinese investment in Vietnam soars
• Draft decree shatters Vietnamese investors’ casino dreams

Vietnam’s exports to egypt jumps 41% YoY in Q1/2014 Posted: 21 Apr 2014 08:34 PM PDT Vietnam's exports to Egypt were estimated at $81.42 million in the first quarter of this year, making a year on year increase of 40.7%, the Ministry of Industry and Trade said, citing data from the Customs, vov.vn reported. Aquatic products, agricultural products continued topping the list of Vietnam's exports to Egypt in the period with […] The post Vietnam's exports to egypt jumps 41% YoY in Q1/2014 appeared first on Vietnam Business News.

Banking tycoon Kien’s shadow still ‘haunts’ ACB Posted: 21 Apr 2014 08:16 PM PDT Asia Commercial Joint Stock Bank (ACB) is still dealing with the outstanding issues caused by the banking tycoon Nguyen Duc Kien and the former leadership. Financers said ACB will require at least 1-2 years to be able to regain the growth momentum of a commercial bank that had ever developed rapidly in the market. During […] The post Banking tycoon Kien's shadow still 'haunts' ACB appeared first on Vietnam Business News.

Apr 22: Vietnam gold little changes at VND35.39Mln/Tael Posted: 21 Apr 2014 08:15 PM PDT This morning, Vietnam gold was little changed at VND35.39 million a tael, almost unchanged since yesterday close. World gold extended losses in Asia trade this morning after falling by $4/ounce in New York trade last night. As of 09:22 am today, Hanoi time, SJC Hochiminh was traded at VND35.33 million/tael for bid and VND35.39 million/tael […] The post Apr 22: Vietnam gold little changes at VND35.39Mln/Tael appeared first on Vietnam Business News.

April 22: Vietnam Central Bank keeps Dollar exchange at VND21,036 Posted: 21 Apr 2014 08:09 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Tuesday, 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, […] The post April 22: Vietnam Central Bank keeps Dollar exchange at VND21,036 appeared first on Vietnam Business News.

Exporters bargain rice away, farmers suffer Posted: 21 Apr 2014 08:06 PM PDT Vietnamese exporters have won the bid to provide 800,000 tons of rice to the Philippines, thanks to low bids. Vietnam's rice price high or low? Nguyen Hung Linh, Chair of the Vietnam Food Association (VFA), declined to provide information about the winning bid, but said it was a reasonable market price. Meanwhile, Thoi bao Kinh […] The post Exporters bargain rice away, farmers suffer appeared first on Vietnam Business News.

Technology investment works wonders in HCM City Posted: 21 Apr 2014 07:47 PM PDT  The economic hub of Ho Chi Minh City has long been a centre for the development of science and technology in Vietnam, and the effective investment in the field has significantly contributed to speeding up the modernisation and industrialisation in the southern region and the country as a whole. Covering a total area of 913 […] The post Technology investment works wonders in HCM City appeared first on Vietnam Business News.

Customs rapped over vague tax bills for FDI firms Posted: 21 Apr 2014 07:46 PM PDT  Since early 2013, the General Department of Taxation has been inspecting foreign invested enterprises operating in Vietnam, especially processing and manufacturing enterprises operating in industrial zones. After each inspection, a majority of enterprises were told they owed outstanding tax arrears. The amount of tax imposed on each enterprise has reached up to hundreds of billions […] The post Customs rapped over vague tax bills for FDI firms appeared first on Vietnam Business News.

Fast food giants join battle for retail premises Posted: 21 Apr 2014 07:43 PM PDT The recent arrival of a horde of international fast food giants to the Vietnamese market has triggered a stiff battle for retail premises in the nation's major metropolises. Covering an area of 1,300 square meters, and with a seating capacity of 350 customers, the first McDonald's restaurant in Vietnam also happens to be the chain's […] The post Fast food giants join battle for retail premises appeared first on Vietnam Business News.

Chinese investment in Vietnam soars Posted: 21 Apr 2014 07:39 PM PDT Chinese investment in Vietnam rose to US$2.3 billion in 2013, up sharply from the US$345 million in 2012, according to the Ministry of Planning and Investment's Foreign Investment Agency. Substantially all of the massive influx of investment in the nation is flowing into the garment and textile and real estate sectors, causing quite a stir […] The post Chinese investment in Vietnam soars appeared first on Vietnam Business News.

Draft decree shatters Vietnamese investors’ casino dreams Posted: 21 Apr 2014 07:37 PM PDT Vietnamese nationals will still be barred from casinos. And anyone hoping to open a house of gambling had better be prepared to ante up a cool $4 billion, at minimum. These are the provisions of the new draft decree of the Ministry of Finance (MOF). And, as far as most Vietnamese investors are concerned, it […] The post Draft decree shatters Vietnamese investors' casino dreams appeared first on Vietnam Business News.

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