The Business Times: PM instructs composition of 2015 socio-economic plan

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• PM instructs composition of 2015 socio-economic plan
• Samsung plans to invest additional US$1 bil in Bac Ninh
• Japan reviews provision of ODA for Vietnam
• Top 50 businesses in Vietnam named
• Vietnam, the Netherlands strengthen energy cooperation
• Mobifone worth could reach $3.4 billion
• China has no influence on Vietnam’s financial markets: Central bank
• Vinafood 2 denies kickback allegation in Philippine rice contract
• Nigeria, Argentina and Vietnam prove top picks for multinationals
• No change yet in foreign-ownership stake in listed companies

PM instructs composition of 2015 socio-economic plan Posted: 17 Jun 2014 06:27 PM PDT Prime Minister Nguyen Tan Dung has figured out major orientations for authorities to design a national socio-economic development plan for 2015, the Government news portal reported. Accordingly, the Government targets to continue maintaining macro-economic stability, speeding up the implementation of the strategic breakthroughs, restructuring the economy and transforming the growth model, improving the efficiency of […] The post PM instructs composition of 2015 socio-economic plan appeared first on Vietnam Business News.

Samsung plans to invest additional US$1 bil in Bac Ninh Posted: 17 Jun 2014 06:26 PM PDT Samsung group is urgently finalising documents to invest an additional US$1 billion in the Samsung Bac Ninh Hi-Tech Complex, according to Hai Quan (Customs) newspaper. The newspaper said that Samsung group's leaders have assigned Samsung Display Co, Ltd to study the implementation of a hi-tech project on an area spanning 46.28 hectares in the Samsung […] The post Samsung plans to invest additional US$1 bil in Bac Ninh appeared first on Vietnam Business News.

Japan reviews provision of ODA for Vietnam Posted: 17 Jun 2014 06:26 PM PDT Economic power is second only to “violence” and Official Development Assistance (ODA) is one of the tools demonstrating this great power. Recently, there has been public concern over news that Japan declares to stop providing its ODA for Vietnam. A group has capitalized on this information to criticize the Government and relevant ministries for issues […] The post Japan reviews provision of ODA for Vietnam appeared first on Vietnam Business News.

Top 50 businesses in Vietnam named Posted: 17 Jun 2014 06:24 PM PDT A ceremony was held in Ho Chi Minh City on June 17 to announce the top fifty most effective businesses in Vietnam. Among them, were 23 companies who made the list for three consecutive years, including Vietnam Dairy Products JSC, Binh Minh Plastics JSC, Hau Giang Pharmaceutical JSC and Vinacafe Bien Hoa JSC. Le Nhi […] The post Top 50 businesses in Vietnam named appeared first on Vietnam Business News.

Vietnam, the Netherlands strengthen energy cooperation Posted: 17 Jun 2014 06:23 PM PDT Vietnam and the Netherlands signed a memorandum of understanding (MoU) on energy, in the Hague in 2011, creating a firm legal framework for bilateral cooperation in this field. Effective implementation of the MoU shows the two governments' determination in promoting energy cooperation, said Vietnamese Deputy Minister of Industry and Trade Le Duong Quang at the […] The post Vietnam, the Netherlands strengthen energy cooperation appeared first on Vietnam Business News.

Mobifone worth could reach $3.4 billion Posted: 17 Jun 2014 06:21 PM PDT The HCM City Securities Company has said that the current value of Mobifone, one of the three largest mobile networks in Vietnam, may reach $3.4 billion and possibly more than $4 billion if its revenue and profits continue to rise after its split from VNPT. Mobifone split from the Vietnam Post and Telecommunications Group (VNPT) […] The post Mobifone worth could reach $3.4 billion appeared first on Vietnam Business News.

China has no influence on Vietnam’s financial markets: Central bank Posted: 17 Jun 2014 06:20 PM PDT China has no significant influence on the Vietnamese finance market, and the dong/dollar exchange rate will remain stable, an official of the State Bank of Vietnam (SBV) has said. "Chinese banks in Vietnam are very small banks compared with Vietnamese commercial banks and they don't have any considerable influence on Vietnamese businesses," said Dao Quoc […] The post China has no influence on Vietnam's financial markets: Central bank appeared first on Vietnam Business News.

Vinafood 2 denies kickback allegation in Philippine rice contract Posted: 17 Jun 2014 06:19 PM PDT Vietnam Southern Food Corporation (Vinafood 2) has rejected a news report that the firm had bribed a Filipino official to win a government-to-government rice export contract in April. Bribe giving is impossible at such an international competitive tender, Nguyen Ngoc Nam, deputy general director of Vinafood 2, told the Daily after the news appeared on […] The post Vinafood 2 denies kickback allegation in Philippine rice contract appeared first on Vietnam Business News.

Nigeria, Argentina and Vietnam prove top picks for multinationals Posted: 17 Jun 2014 06:19 PM PDT Fresh from its coronation as the biggest economy in Africa, Nigeria has scored another first. The troubled West African country has emerged as the frontier-market economy that is attracting the most attention from American and European multinationals. Nigeria is joined by Argentina and Vietnam as the frontier markets that multinational corporations are most interested in, […] The post Nigeria, Argentina and Vietnam prove top picks for multinationals appeared first on Vietnam Business News.

No change yet in foreign-ownership stake in listed companies Posted: 17 Jun 2014 06:18 PM PDT Contrary to investors' expectations, the State Securities Commission's (SSC) plan to lift the ceiling on foreign ownership ratio in listed companies to over 49 percent has not been approved. Raising the foreign ownership ratio ceiling has been discussed for the last two years. SSC believes that this would be a very important measure to help […] The post No change yet in foreign-ownership stake in listed companies appeared first on Vietnam Business News.

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