The Business Times: Samsung not to move its factories from China to Vietnam

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• Samsung not to move its factories from China to Vietnam
• McDonald’s plans five restaurants this year
• Vietnam, RoK hold 5th round talks for bilateral FTA
• The economy is clearly recovering: Government report
• Chinese “capital flight” drives cash towards Vietnamese real estate market
• Question “what way to follow?” beats coffee growers
• Confident investors drive up indices
• Foreign bankers give thumbs up to Gov’t
• Conditions for sea transport
• PM instructs urgent support for foreign firms after riots

Samsung not to move its factories from China to Vietnam Posted: 22 May 2014 10:42 AM PDT A Samsung Vietnam official has asserted that its $2 billion project in Thai Nguyen will continue and Samsung does not intend to move its factories from China to Vietnam. Mr. Nguyen Van Dao, Deputy General Director of Samsung Vietnam, said that the project in Thai Nguyen is a huge and important project of Samsung Group. […] The post Samsung not to move its factories from China to Vietnam appeared first on Vietnam Business News.

McDonald’s plans five restaurants this year Posted: 22 May 2014 10:42 AM PDT Fast-food giant McDonald's plans to have a total of 4-5 restaurants in Vietnam this year as part of an ambitious goal for around 100 restaurants in the next decade, McDonald's Vietnam said. Nguyen Huy Thinh, managing director of McDonald's Vietnam, told reporters in HCMC on Monday that McDonald's would focus on the HCMC market before […] The post McDonald's plans five restaurants this year appeared first on Vietnam Business News.

Vietnam, RoK hold 5th round talks for bilateral FTA Posted: 22 May 2014 10:40 AM PDT The Republic of Korea (RoK) and Viet Nam began the fifth round of negotiations for their free trade agreement (FTA) in Seoul on May 20. During this round, both sides will have an in-depth discussion on such areas as commodities, services, investment, the country of origin, customs procedures, and cooperation. The RoK Ministry of Trade, […] The post Vietnam, RoK hold 5th round talks for bilateral FTA appeared first on Vietnam Business News.

The economy is clearly recovering: Government report Posted: 22 May 2014 10:38 AM PDT Inflation is under control, export revenue is up, the trade balance is going from deficit to surplus and many other goals set for 2014 have been achieved, convincing the Government that a recovery is clearly underway. The government report on the results of socio-economic tasks in 2013 was presented by Deputy Prime Minister Nguyen Xuan […] The post The economy is clearly recovering: Government report appeared first on Vietnam Business News.

Chinese “capital flight” drives cash towards Vietnamese real estate market Posted: 22 May 2014 10:37 AM PDT So-called "Chinese capital flight" – that is, Chinese investors fleeing from China– may cause the flow of Chinese capital into Vietnam to soar in the years to come. Analysts all have noted that Chinese capital has been finding its way to Vietnam through different means, especially through Hong Kong and Singapore. Dr. Alan Phan commented […] The post Chinese "capital flight" drives cash towards Vietnamese real estate market appeared first on Vietnam Business News.

Question “what way to follow?” beats coffee growers Posted: 22 May 2014 10:34 AM PDT Vietnam is the second biggest coffee exporter in the world, but it lacks a global coffee brand. Though it has a large material growing area, its coffee processing companies always complain about a material shortage. Vietnamese dream of globally well known coffee brands "Vietnam still does not really have a coffee industry," commented Nguyen Quang […] The post Question "what way to follow?" beats coffee growers appeared first on Vietnam Business News.

Confident investors drive up indices Posted: 22 May 2014 10:29 AM PDT Shares extended gains on both the national stock exchanges yesterday (May 21), as trading intensified in the afternoon. The benchmark indices advanced for four days as investors regained confidence following the Government’s pledge to ensure stable development of the stock market. Negative pressures on the market, such as the ongoing East Sea tension and the […] The post Confident investors drive up indices appeared first on Vietnam Business News.

Foreign bankers give thumbs up to Gov’t Posted: 22 May 2014 10:27 AM PDT Foreign banks in Viet Nam appreciated the government’s responses to the East Sea tensions, which helped them stay calm and confident, according to the State Bank of Viet Nam (SBV). In a meeting between the central bank and foreign banks, Industrial and Commercial Bank of China (ICBC)’s representative reported that the Government’s actions towards the […] The post Foreign bankers give thumbs up to Gov’t appeared first on Vietnam Business News.

Conditions for sea transport Posted: 22 May 2014 10:26 AM PDT Decree No 30/2014/ND-CP (14 April 2014) relates to sea transportation, sea transportation agency services and sea transportation towage services businesses in Viet Nam. It applies to both Vietnamese and foreign organisations and individuals that are engaged in these businesses. Sea transportation business To obtain the five-year licence for offering sea transportation services in Viet Nam, […] The post Conditions for sea transport appeared first on Vietnam Business News.

PM instructs urgent support for foreign firms after riots Posted: 22 May 2014 10:24 AM PDT Businesses affected by the disturbances in Ha Tinh, Binh Duong and Dong Nai provinces will have their taxes and land rents waived, reduced or deferred, and receive other assistance, at the request of Prime Minister Nguyen Tan Dung. The Government Office on Wednesday morning issued the announcement after a meeting between Prime Minister Nguyen Tan […] The post PM instructs urgent support for foreign firms after riots appeared first on Vietnam Business News.

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