Friday, July 18, 2014

The Business Times: Electronics grows on FDI sector

The Business Times: Electronics grows on FDI sector

Link to Vietnam Business News

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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