The Business Times: Electronics grows on FDI sector

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• Electronics grows on FDI sector
• Transport ministry considers new Hanoi-HCM City nonstop air route
• Vietnam-China relations: The most likely scenario
• Vinalines set to launch IPOs for five large port operators
• EVN says Vietnam still needs to buy electricity from China
• Dong appreciates despite devaluation by State Bank
• Super-rich an elite minority as gap between rich and poor widens
• Vietnam Central Bank Buys More Than USD60 Mln on July 15
• State Bank to crack down on bitcoin exchange
• July 17: Vietnam Central Bank Keeps Dollar Exchange at VND21,246

Electronics grows on FDI sector Posted: 17 Jul 2014 06:09 PM PDT Vietnam's electronics industry has grown by leaps and bounds in recent years owing largely to the foreign direct investment (FDI) sector, and the country is striving to boost supporting industries to further bolster the sector. Electronic goods are at an electronics supermarket in Hanoi. According to statistics of the Ministry of Information and Communications, the […] The post Electronics grows on FDI sector appeared first on Vietnam Business News.

Transport ministry considers new Hanoi-HCM City nonstop air route Posted: 17 Jul 2014 09:35 AM PDT Minister of Transport Dinh La Thang has instructed the Civil Aviation Authority of Vietnam (CAAV) to create a new Hanoi-HCM City air route that would reduce the current flying time. Thang asked CAAV to think of measures that could shorten the Hanoi-HCM City air route in order to help airlines reduce their flying time, save […] The post Transport ministry considers new Hanoi-HCM City nonstop air route appeared first on Vietnam Business News.

Vietnam-China relations: The most likely scenario Posted: 17 Jul 2014 09:32 AM PDT Economists have described three possible scenarios for Vietnam-China economic relations in the context of the East Sea situation, with the most likely scenario one of "struggling and cooperating at the same time". The Vietnam's 2007-2013import (in green color) and export (red color) graph The Vietnam-China economic relation research team headed by Nguyen Quoc Truong and […] The post Vietnam-China relations: The most likely scenario appeared first on Vietnam Business News.

Vinalines set to launch IPOs for five large port operators Posted: 17 Jul 2014 09:29 AM PDT Viet Nam National Shipping Lines (Vinalines) has announced plans for initial public offerings (IPOs) for five more large port operators by the end of the year. Hai Phong Port has already been equitised. According to Vinalines’ restructuring plan, four ports, Cam Ranh, Nghe Tinh, Can Tho and Nam Can, will sell stakes by year-end.However, experts […] The post Vinalines set to launch IPOs for five large port operators appeared first on Vietnam Business News.

EVN says Vietnam still needs to buy electricity from China Posted: 17 Jul 2014 09:23 AM PDT Electricity of Vietnam (EVN), responding to the public's severe criticism about electricity imports from China, said that the purchases were needed to ensure domestic demand. Thoi bao Kinh te Vietnam has quoted a senior executive of EVN as saying that Vietnam still needs to import electricity from China to ensure stable electricity supply in northwest […] The post EVN says Vietnam still needs to buy electricity from China appeared first on Vietnam Business News.

Dong appreciates despite devaluation by State Bank Posted: 17 Jul 2014 09:22 AM PDT The dollar price has been falling for one week, despite the State Bank of Vietnam's move to devaluate the dong by one percent one month ago. The dollar price quoted by Vietnamese commercial banks on July 14 was even lower than before the dong/dollar exchange rate was adjusted by the bank. Vietcombank, for example, sold […] The post Dong appreciates despite devaluation by State Bank appeared first on Vietnam Business News.

Super-rich an elite minority as gap between rich and poor widens Posted: 17 Jul 2014 09:18 AM PDT The World Bank (WB) believes that Vietnam has about 110 super-rich people. However, analysts say no one can say for sure how many super-rich there are in Vietnam, and it is also unclear how they got rich. A report released recently by the World Bank showed that Vietnam has about 110 super-rich people, or those […] The post Super-rich an elite minority as gap between rich and poor widens appeared first on Vietnam Business News.

Vietnam Central Bank Buys More Than USD60 Mln on July 15 Posted: 17 Jul 2014 09:02 AM PDT The State Bank of Vietnam (SBV) bought in more than USD60 million on the same day its Operations Center raised USD bid price from VND21,100 to VND21,200, local newswire VnEconomy reported. On July 15, 2014, the SBV's Operations Center suddenly raised its USD bid price from VND21,100 to VND21,200. The move by the central bank […] The post Vietnam Central Bank Buys More Than USD60 Mln on July 15 appeared first on Vietnam Business News.

State Bank to crack down on bitcoin exchange Posted: 17 Jul 2014 09:02 AM PDT The State Bank of Viet Nam will work with the public security forces to seize operators of the Viet Nam real-time bitcoin exchange (VBTC) that was launched last Wednesday. Head of the SBV Payment Department Bui Quang Tien told the local press that his department, which is supposed to manage electronic money, did not grant […] The post State Bank to crack down on bitcoin exchange appeared first on Vietnam Business News.

July 17: Vietnam Central Bank Keeps Dollar Exchange at VND21,246 Posted: 17 Jul 2014 09:02 AM PDT Vietnam’s Central Bank set the U.S. dollar’s exchange rate at VND21,246 on Thursday Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,458.5. Today, commercial banks quoted dollar prices at VND21,150-21,180/dollar for bid and VND21,220-21,230/dollar […] The post July 17: Vietnam Central Bank Keeps Dollar Exchange at VND21,246 appeared first on Vietnam Business News.

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