The Business Times: Securities stocks boost national indices

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• Securities stocks boost national indices
• Most realty firms show Q1 profit
• Government to release additional bandwidth
• Pepper exports set to break revenue record
• Imported luxury cars clear customs block
• WB approves $500m credit for VN reform
• Da Nang promotions target tourists
• Building investors stall payment of sinking funds
• Highway contractors suspended
• Vietnam looks to the sea to boost economic growth

Securities stocks boost national indices Posted: 07 Jun 2014 12:31 AM PDT The sudden activeness of securities stocks during the last minutes of the afternoon trading helped the benchmark indices advance on both the national stock exchanges yesterday. Securities stocks became the market’s highlight yesterday after it was announced that securities companies will be the first to be allowed to increase foreign stakes. Sai Gon Securities (SSI) […] The post Securities stocks boost national indices appeared first on Vietnam Business News.

Most realty firms show Q1 profit Posted: 07 Jun 2014 12:31 AM PDT More than 40 of the 62 property businesses listed on the stock market, or 75 per cent of the total, reported profits in the first quarter of the year. Of these, 21 per cent of enterprises had profits of several hundreds of millions of Vietnamese dong, 50 per cent had profit of VND1 to 20 […] The post Most realty firms show Q1 profit appeared first on Vietnam Business News.

Government to release additional bandwidth Posted: 07 Jun 2014 12:29 AM PDT The government on Wednesday approved a list of bandwidths that will be auctioned in a bid to help mobile service providers expand their service coverage. The list includes three bandwidths ranging from 2,300 MHz to 2,400 MHz, 2,500 MHz to 2,570 MHz and 2,620 MHz to 2,690 MHz, according to the Ministry of Information and […] The post Government to release additional bandwidth appeared first on Vietnam Business News.

Pepper exports set to break revenue record Posted: 07 Jun 2014 12:29 AM PDT The pepper industry will, for the first time, achieve a record gross of US$1 billion this year, with bumper harvest and high prices, according to the Viet Nam Pepper Association (VPA). Pepper exports are believed to reach around 150,000 tonnes in 2014. In the first five months of this year, the sector shipped 92,000 tonnes […] The post Pepper exports set to break revenue record appeared first on Vietnam Business News.

Imported luxury cars clear customs block Posted: 07 Jun 2014 12:17 AM PDT Nearly 2,000 cars, many of them stuck at ports since 2011 when new regulations were imposed, are expected to be cleared for import after the Ministry of Industry and Trade decided to allow a one-time waiver for their importers. The ministry has instructed the General Customs Department to relax the regulation for importers with import […] The post Imported luxury cars clear customs block appeared first on Vietnam Business News.

WB approves $500m credit for VN reform Posted: 07 Jun 2014 12:17 AM PDT The World Bank yesterday approved a total of US$500 million credit for Viet Nam. The first $250 million credit will support Viet Nam’s economic management reforms. It will focus specifically on strengthening financial-sector governance, public administration and the management of State Owned Enterprises (SOEs). “The programme supports reforms that should help address some of the […] The post WB approves $500m credit for VN reform appeared first on Vietnam Business News.

Da Nang promotions target tourists Posted: 07 Jun 2014 12:02 AM PDT The central city has launched new direct air routes to Japan, Korea and Kuala Lumpur, promoting familiarisation (FAM) trips and road shows in Japanese, Russian and European markets. The reason for the launch is to fill up the decline of Chinese tourists. Deputy Director Tran Chi Cuong of the city’s Culture, Sport and Tourism Department […] The post Da Nang promotions target tourists appeared first on Vietnam Business News.

Building investors stall payment of sinking funds Posted: 07 Jun 2014 12:01 AM PDT Executive committees and residents of serviced apartment buildings are desperate to collect sinking (or maintenance) funds from investors, who are stalling on the issue. The 2005 Housing Law states that a customer must pay an amount equal to 2 per cent of the purchased apartment towards maintenance funds. The fund will be managed by executive […] The post Building investors stall payment of sinking funds appeared first on Vietnam Business News.

Highway contractors suspended Posted: 06 Jun 2014 11:50 PM PDT Minister of Transport Dinh La Thang has suspended the designers, supervisors and constructors of a project to upgrade the section of National Highway No18 connecting Uong Bi City and Ha Long City in Quang Ninh Province. The move follows reported cracks and subsidence on the road only two weeks after it was opened on May […] The post Highway contractors suspended appeared first on Vietnam Business News.

Vietnam looks to the sea to boost economic growth Posted: 06 Jun 2014 11:48 PM PDT Vietnam is considering a new strategy to develop a sea-borne economy to help foster economic growth, create more jobs, and ensure territorial security. The territorial waters that can be exploited are three times larger than the mainland, offering ideal conditions to develop sea shipping, aquaculture, oil and gas exploitation, and tourism. Vietnam has a long […] The post Vietnam looks to the sea to boost economic growth appeared first on Vietnam Business News.

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