The Business Times: Vietnam, Russia look to US$10 billion in bilateral trade

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• Vietnam, Russia look to US$10 billion in bilateral trade
• Food ingredients expo attracts 100 foreign firms
• Vietnam to make banned business sectors known soon
• The FDI-driven economy?
• Foreign investors come back to VN’s real estate market
• Economists urge to adjust business strategies to ease economic reliance on China
• Finance market reacts to Chinese drilling-rig deployment
• Investors still cautious as shares advance
• Foreign sources needed to settle bank debts: economists
• May 26: Vietnam central bank keeps Dollar exchange at VND21,036, commercial banks rate up

Vietnam, Russia look to US$10 billion in bilateral trade Posted: 26 May 2014 03:31 AM PDT Vietnam and Russia will intensify economic cooperation in order to realize their two-way trade target of US$10 billion by 2020, heard an investment and trade promotion conference in HCMC on Tuesday. Deputy Minister of Industry and Trade Do Thang Hai told the conference that trade between the two countries was still below potential of the […] The post Vietnam, Russia look to US$10 billion in bilateral trade appeared first on Vietnam Business News.

Food ingredients expo attracts 100 foreign firms Posted: 26 May 2014 03:30 AM PDT More than 100 producers and suppliers of food ingredients, condiments and additives from different parts of the world are displaying their products at Fi Vietnam 2014, a food ingredient exhibition that kicked off in HCMC on May 21. Rungphech (Rose) Chitanuwat, Asia business director at UBM which is organizing Fi Vietnam 2014, said the exhibition […] The post Food ingredients expo attracts 100 foreign firms appeared first on Vietnam Business News.

Vietnam to make banned business sectors known soon Posted: 26 May 2014 03:16 AM PDT The Government is expected to publish a list of prohibited and conditional business sectors to facilitate implementation of the Enterprise Law whose amendments and supplements will be passed at the ongoing session of the 13th National Assembly in Hanoi. According to the group responsible for drafting amendments to the law, hundreds of prohibited and conditional […] The post Vietnam to make banned business sectors known soon appeared first on Vietnam Business News.

The FDI-driven economy? Posted: 26 May 2014 03:12 AM PDT "FDI-driven economy" is the phrase used by many economists at recent business forums, meaning that foreign direct investment (FDI) is the major motive power for the national economy. FIEs leading in production and export Samsung Electronics Vietnam, a South Korean-invested company, reportedly exported $23 billion worth of products in 2013, putting phone and phone accessories […] The post The FDI-driven economy? appeared first on Vietnam Business News.

Foreign investors come back to VN’s real estate market Posted: 26 May 2014 03:11 AM PDT After more than two years of market decline due to the impacts of the economic downturn, the real estate market in Vietnam is making positive changes and some segments of the market such as retail, luxury apartment and social housing have begun warming. This trend is gradually rebuilding the trust of the people and investors. […] The post Foreign investors come back to VN’s real estate market appeared first on Vietnam Business News.

Economists urge to adjust business strategies to ease economic reliance on China Posted: 26 May 2014 03:09 AM PDT Vietnam needs to do everything it can, as quickly as it can, to avoid economic reliance on China. This is the only path Vietnam can follow to be in control of its destiny and ensure its economic security. Hang Vay Chi, Chair of the Viet Huong Industrial Zone Development Group in Binh Duong Province, and […] The post Economists urge to adjust business strategies to ease economic reliance on China appeared first on Vietnam Business News.

Finance market reacts to Chinese drilling-rig deployment Posted: 26 May 2014 03:08 AM PDT The Vietnamese finance market has been in flux since early May due to the political uncertainties caused by China's provocative activities in the East Sea. Though investors have calmed down after days of panic, it is still too early to say that the finance market will be safe. The tensions in the East Sea began […] The post Finance market reacts to Chinese drilling-rig deployment appeared first on Vietnam Business News.

Investors still cautious as shares advance Posted: 26 May 2014 03:07 AM PDT Shares managed to rebound last week but investors remained cautious during all trading sessions. The market witnessed profit booking during the two last trading days after the benchmark indices rebounded from the tumble they had taken for two weeks straight. The VN-Index on the HCM City Stock Exchange rose by 2.26 per cent to close […] The post Investors still cautious as shares advance appeared first on Vietnam Business News.

Foreign sources needed to settle bank debts: economists Posted: 26 May 2014 03:06 AM PDT Economists have urged banks to look to foreign sources to settle their bad debts as Vietnam Asset Management Company (VAMC) has limited funds and can issue special bonds only. Do Manh Hung, deputy chair of the National Assembly's Social Affairs Committee, was quoted in Dau Tu newspaper as saying that the VAMC, with only VND500 […] The post Foreign sources needed to settle bank debts: economists appeared first on Vietnam Business News.

May 26: Vietnam central bank keeps Dollar exchange at VND21,036, commercial banks rate up Posted: 25 May 2014 09:20 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Monday, unchanged for nearly 11 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, majority of commercial banks raised dollar […] The post May 26: Vietnam central bank keeps Dollar exchange at VND21,036, commercial banks rate up appeared first on Vietnam Business News.

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