The Business Times: Foreign investment helps revive housing market

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• Foreign investment helps revive housing market
• Cutting red tape could add $26bn to Vietnam GDP: expert
• Only 20% People in Vietnam Have Bank Card Accounts
• June 9: Vietnam Gold Inches up to VND36.32Mln/Tael
• Over US$200 ml invested in VSIP Quang Ngai
• More airports allowed to open VAT refund counters for foreigners
• Logistics firms to cater to foreigners’ demand for warehouses
• Footwear exports continue to grow
• Chinese-made transformers fail, cause power cuts in Hanoi
• New circular may not help SMEs

Foreign investment helps revive housing market Posted: 08 Jun 2014 11:48 PM PDT Liberal policies and incentives from the Government and huge foreign investment are gradually pulling the property market out of its long slump. Phan Thanh Huy, general director of developer Novaland, said in the first four months of 2014 his company sold some 2,300 apartments in three property projects in HCM City. These include 1,600 in […] The post Foreign investment helps revive housing market appeared first on Vietnam Business News.

Cutting red tape could add $26bn to Vietnam GDP: expert Posted: 08 Jun 2014 11:40 PM PDT Reducing the time businesses have to spend on completing tax and customs procedures by a month will help add dozens of billions dollars to Vietnam's gross domestic production, An economic expert from the Central Institute for Economic Management (CIEM) said at a conference on Wednesday. The event was held in Hanoi by the Ministry of […] The post Cutting red tape could add $26bn to Vietnam GDP: expert appeared first on Vietnam Business News.

Only 20% People in Vietnam Have Bank Card Accounts Posted: 08 Jun 2014 11:38 PM PDT Currently, only 20% of the 90 million people in Vietnam have bank card accounts in commercial banks, a very small percentage compared to other countries around the world, local newswire VTV Online reported. According to the State Bank of Vietnam (SBV), by the end of Quarter I/2014, commercial banks have issued to the market over […] The post Only 20% People in Vietnam Have Bank Card Accounts appeared first on Vietnam Business News.

June 9: Vietnam Gold Inches up to VND36.32Mln/Tael Posted: 08 Jun 2014 11:37 PM PDT This morning, Vietnam gold edged up by VND50,000/tael versus last weekend close to VND36.32 million per tael. World gold eased in Asia trade this morning but still held above $1,252/ounce. As of 11:15 am today, Hanoi time, SJC Hochiminh was traded at VND36.20 million/tael for bid and VND36.32 million/tael for ask, respectively. SJC in the […] The post June 9: Vietnam Gold Inches up to VND36.32Mln/Tael appeared first on Vietnam Business News.

Over US$200 ml invested in VSIP Quang Ngai Posted: 08 Jun 2014 10:54 PM PDT The Quang Ngai-based Vietnam-Singapore Industrial Park (VSIP) has attracted 8 FDI projects capitalized at US$200 million in total since it got off the ground nine months ago. These projects focus on food processing, garment making, and footwear manufacturing, with some having quite high investments. A case in point, the UK's King Riches Company opened a […] The post Over US$200 ml invested in VSIP Quang Ngai appeared first on Vietnam Business News.

More airports allowed to open VAT refund counters for foreigners Posted: 08 Jun 2014 10:54 PM PDT Prime Minister Nguyen Tan Dung has approved more international airports and seaports to open counters for value-added tax (VAT) refunds for the goods foreign passport holders buy in Vietnam and bring along with them when exiting the country from July 1. The approval came several months after the Ministry of Finance drafted a circular allowing […] The post More airports allowed to open VAT refund counters for foreigners appeared first on Vietnam Business News.

Logistics firms to cater to foreigners’ demand for warehouses Posted: 08 Jun 2014 10:53 PM PDT Building workshops and warehouses to lease to foreign investors proves to be a good way for Vietnamese logistics firms to "obtain some pieces of the logistics cake". After six months of surveying the industrial zones in Dong Nai, Binh Duong and some neighboring provinces, Tabuchi Corporation, specializing in making equipments for water valves, has decided […] The post Logistics firms to cater to foreigners' demand for warehouses appeared first on Vietnam Business News.

Footwear exports continue to grow Posted: 08 Jun 2014 10:50 PM PDT Footwear exports fetched US$3.76 billion in the first five months of this year, up 17.8 per cent year-on-year, according to the Ministry of Industry and Trade. The period’s encouraging growth rate signalled that the footwear industry was well on track to reach $12 billion export target set for this year, it said. From January to […] The post Footwear exports continue to grow appeared first on Vietnam Business News.

Chinese-made transformers fail, cause power cuts in Hanoi Posted: 08 Jun 2014 10:49 PM PDT Two transformers, AT1 and AT2, of the Hiep Hoa 500KV transformer station in Bac Giang Province, failed to operate for one week in mid-May, affecting sufficient electricity output to the capital city of Hanoi. The information about the troubles occurring with the two transformers has raised big worries to businesses and residents in the capital […] The post Chinese-made transformers fail, cause power cuts in Hanoi appeared first on Vietnam Business News.

New circular may not help SMEs Posted: 08 Jun 2014 10:46 PM PDT A circular issued by the Ministry of Finance (MoF), set to take effect this Friday, may not succeed in facilitating the provision of credit guarantees to small- and medium-sized enterprises (SMEs). On 22 April 2014 the MoF issued Circular No 47/2014/TT-BTC (Circular 47) containing new guidelines on some content in Decision No 03/2011/QD-TTg (Decision 03) […] The post New circular may not help SMEs appeared first on Vietnam Business News.

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