The Business Times: UNDP suggests Vietnam lift fossil fuel subsidies

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• UNDP suggests Vietnam lift fossil fuel subsidies
• Retail banking – a new game
• Challenges to Vietnam’s FDI attraction
• Non-alcoholic beverage market takes off
• Japan reviews provision of ODA for Vietnam
• China ODA withdrawal won’t threaten infrastructure projects
• VN property inventory drops to US$3.9b
• Hydropower plants deep in debt
• Vietnam Airlines submits equitisation plan
• Dubai group to pour $261.9 mil into Thanh Hoa resort

UNDP suggests Vietnam lift fossil fuel subsidies Posted: 22 Jun 2014 10:32 PM PDT The United Nations Development Program (UNDP) in a report on green growth and fossil fuel fiscal policy in Vietnam proposes the nation remove subsidies for fossil fuel prices. According to the report announced at a meeting in Hanoi on Wednesday, in the 2007-2012 period, fossil fuel aid amounted to around US$1.2-4.49 billion and most of […] The post UNDP suggests Vietnam lift fossil fuel subsidies appeared first on Vietnam Business News.

Retail banking – a new game Posted: 22 Jun 2014 10:00 PM PDT Commercial banks believe that retail banking is a new promising playing field that will produce high profits. But there have been complaints from clients about service quality at local banks. Ta Quang Dung, the former director of a securities company, complained to Thoi bao Kinh te Saigon about the service quality he received from HSBC […] The post Retail banking – a new game appeared first on Vietnam Business News.

Challenges to Vietnam’s FDI attraction Posted: 22 Jun 2014 09:54 PM PDT The government is committed to augmenting the country's attractiveness as a safe and hospitable investment destination with developed infrastructure facilities and a young talented workforce. Ironing out snags to raise competitive edge As of May 2014, there were 16,323 foreign-invested projects operating in Vietnam with a combined registered capitalisation of US$237 billion invested by 101 […] The post Challenges to Vietnam's FDI attraction appeared first on Vietnam Business News.

Non-alcoholic beverage market takes off Posted: 22 Jun 2014 09:52 PM PDT The Vietnamese non-alcoholic beverage industry was once described as a sleeping princess who would awaken soon, and that finally has come true. The "big guys" in the beverage industry just needed a short time since the day they jumped into the market to make a wide range of products, including bottled mineral water, green tea, […] The post Non-alcoholic beverage market takes off appeared first on Vietnam Business News.

Japan reviews provision of ODA for Vietnam Posted: 22 Jun 2014 09:52 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.

China ODA withdrawal won’t threaten infrastructure projects Posted: 22 Jun 2014 09:30 PM PDT Viet Nam has diversified capital sources for infrastructure projects, Dinh La Thang, Minister of Transport told the Viet Nam Economic Times. Will transport projects be affected by the Chinese government’s decision to ban state corporations from bidding for new projects in Viet Nam? Viet Nam has pursued an economic policy of self-reliance and independence while […] The post China ODA withdrawal won’t threaten infrastructure projects appeared first on Vietnam Business News.

VN property inventory drops to US$3.9b Posted: 22 Jun 2014 07:58 PM PDT Viet Nam’s real estate inventory had an estimated value of VND83.5 trillion (US$3.9 billion) by the end of Q2 2014, the Ministry of Construction announced. This estimated value shows a reduction of VND526 billion, or 35 per cent, compared with the previous quarter. Statistics from the ministry indicated that property inventory in the apartment segment […] The post VN property inventory drops to US$3.9b appeared first on Vietnam Business News.

Hydropower plants deep in debt Posted: 22 Jun 2014 07:58 PM PDT Many investors who once rushed to pour money into hydropower projects are so deep in debt they are not sure when they will ever recover. Dak Lak Province in the central region, for example, is well known as having many small- and medium-sized hydropower plants, and the location of the first privately owned power plant […] The post Hydropower plants deep in debt appeared first on Vietnam Business News.

Vietnam Airlines submits equitisation plan Posted: 22 Jun 2014 07:48 PM PDT The national flag carrier, Vietnam Airlines has submitted to the Ministry of Transport its equitisation plan, in which the firm expects to keep its preferences after getting through equitisation. The firm has asked the Government to allow it to keep all income sources after launching the IPO. The money will be added to its fund […] The post Vietnam Airlines submits equitisation plan appeared first on Vietnam Business News.

Dubai group to pour $261.9 mil into Thanh Hoa resort Posted: 22 Jun 2014 07:44 PM PDT Magnum Group from Dubai plans to invest VND5,500 billion (nearly $262 million) in Truong Le Mountain ecotourism zone and South Sam Son coast project, the People's Committee of Thanh Hoa province announced. The project will consist of a golf court complex and a luxury international resort. Magnum CEO Sam Rehani visited Thanh Hoa recently to […] The post Dubai group to pour $261.9 mil into Thanh Hoa resort appeared first on Vietnam Business News.

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