Friday, June 6, 2014

The Business Times: Mythbusting green building costs

The Business Times: Mythbusting green building costs

Link to Vietnam Business News

Mythbusting green building costs

Posted: 06 Jun 2014 01:52 AM PDT

Despite being one of the most rapidly-urbanising countries on the planet, Vietnam still boasts a woefully small number of buildings that meet green standards. Whether a building is rated based on its energy-saving solutions, use of green materials, smart building management or environmentally-friendly design, the truth is that the country has failed to embrace these […]

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Samsung to Build $1Bln Factory in Ho Chi Minh City

Posted: 06 Jun 2014 01:48 AM PDT

Ho Chi Minh City (HCMC)'s people committee has approved the South Korean mobile-phone group of Samsung to build its factory worth more than $1 billion at the Hi-Tech Industrial Zone in HCMC, thoibaonganhang.vn reported. The factory will produce electronic products, it said. Currently, Samsung has invested two production complexes of mobile phones and electronic products […]

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Central bank urged to lower interest rates on business loans

Posted: 06 Jun 2014 01:45 AM PDT

Most Vietnamese businesses have to take out bank loans at an annual interest rate of 10-13 percent, while companies in neighboring countries can access loans at a 5-6 percent rate and, those in developed economies, at a 2-3 percent rate. Dr. Luu Duc Hai, a senior researcher from the Ministry of Planning and Investment's Development […]

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Power sector needs over VND17 trillion every year

Posted: 06 Jun 2014 01:44 AM PDT

Vietnam will need more than VND17 trillion (some US$805 million) each year from now to until 2020 to invest in electricity projects as envisioned in the national power zoning plan. Deputy Prime Minister Hoang Trung Hai mentioned the huge investment in his speech at a ceremony for the 20th anniversary of the 500kV north-south power […]

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Vietnam’s stock exchanges included in FTSE ASEAN Index

Posted: 06 Jun 2014 01:42 AM PDT

The Hanoi and Ho Chi Minh City Stock Exchanges have been included in the FTSE ASEAN Index series, the Ho Chi Minh City Stock Exchange announced on June 3. Previously, the FTSE ASEAN Index only represented stocks from financial markets of Thailand, Malaysia, Singapore, Indonesia and the Philippines. The inclusion of Vietnam's two stock exchanges […]

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Experts urge gov’t to set up new Ministry for marine resources

Posted: 06 Jun 2014 01:40 AM PDT

Fishery agencies, aquaculture associations and farmers all believe that Vietnam need to establish a ministry to be in charge of exploiting and developing marine resources. Three quarters of Vietnamese territory is water, but Vietnam does not have an agency in charge of sea economy management. There are more than 10 ministries and agencies that take […]

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VietinBank allowed to pilot dynamic currency conversion service

Posted: 05 Jun 2014 03:49 PM PDT

On June 02, 2014, the State Bank of Vietnam (SBV) had document 3722/NHNN-TT allowing Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to deploy Dynamic Currency Conversion (DCC) service. According to this document, the central bank approved VietinBank's deployment of DCC service to customers who own international cards issued abroad and use them […]

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Sacombank provides more than VND21.5 Tln and USD110 Mln preferential loans in 5 months

Posted: 05 Jun 2014 03:49 PM PDT

On May 5, Sacombank, together with 5 banks (Vietinbank, Agribank, ABBank, BIDV, NCB) signed credit contracts totaling VND584 billion to support 53 businesses and individuals in Thu Duc, Ho Chi Minh City, local newswire Tri Thuc Tre reported. In which, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) provides VND48 billion to 12 businesses with […]

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June 6: Vietnam Gold Increases to VND36.15Mln/Tael

Posted: 05 Jun 2014 10:46 AM PDT

This morning, Vietnam gold rose for the first time after 5 straight days of losses to VND36.15 million a tael, following the world suit. As of 09:45 am today, Hanoi time, SJC Hochiminh was traded at VND36.00 million/tael for bid and VND36.15 million/tael for ask, respectively. SJC in the North quoted at VND36.00 million/tael for […]

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First Lamborghini showroom to be opened next month

Posted: 05 Jun 2014 08:22 AM PDT

CT-Wearnes Vietnam Co. Ltd. has been chosen as the first distributor of Lamborghini cars in the local market, with a showroom for this luxury car brand to be opened at Interserco Trade Center in Hanoi this month. In addition to distribution, Automobili Lamborghini SpA has also authorized CT-Wearnes Vietnam to provide maintenance service for the […]

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