The Business Times: Foreign investors pour $13 billion into VN markets

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• Foreign investors pour $13 billion into VN markets
• Report predicts sweet success for confectionery makers
• Apartment prices see slight decline across Ha Noi
• Experts expect 6.27% economic growth rate in second half
• Philippines is Vietnam’s second largest rice importer
• Concerns mount over low credit growth
• Banyan Tree seeks casino approval
• Vietnam, Egypt taking logistics business to a higher level
• Samsung Thai Nguyen rakes in US$2 billion from exports
• Production rise hints at recovery

Foreign investors pour $13 billion into VN markets Posted: 27 Jul 2014 11:19 PM PDT Viet Nam’s stock market has attracted US$13 billion from foreign investors, both individual and institutional, according to an official. Minister of Finance Dinh Tien Dung, speaking at last Saturday’s ceremony celebrating the 14th anniversary of the HCM Stock Exchange (HOSE), the first securities exchange in Viet Nam, noted that the large foreign investment was a […] The post Foreign investors pour $13 billion into VN markets appeared first on Vietnam Business News.

Report predicts sweet success for confectionery makers Posted: 27 Jul 2014 11:18 PM PDT The future of the domestic confectionery market is positive, reported the Business Monitor International (BMI). According to the BMI Vietnam Food and Drink report for the second quarter 2014, the local confectionery revenue is expected to gain a year-on-year increase of 10.65 per cent to VND27.27 trillion (US$1.3 billion) for this year. A year-on-year surge […] The post Report predicts sweet success for confectionery makers appeared first on Vietnam Business News.

Apartment prices see slight decline across Ha Noi Posted: 27 Jul 2014 11:17 PM PDT The selling prices of apartments in the capital fell by a slight 1 to 2 per cent in the second quarter of the year compared to the previous quarter. According to a municipal Construction Department report, the prices of middle market segment apartments in Dong Da, Ha Dong, Tay Ho and Hai Ba Trung districts […] The post Apartment prices see slight decline across Ha Noi appeared first on Vietnam Business News.

Experts expect 6.27% economic growth rate in second half Posted: 27 Jul 2014 11:10 PM PDT Vietnam's economic growth must reach 6.27% in the second half of the year to fulfill growth target of 5.8% for the whole year, said economists at a recent seminar discussing the economic situation in the first half and new challenges. " There should be uniform solutions to reach the set target" they said. In the […] The post Experts expect 6.27% economic growth rate in second half appeared first on Vietnam Business News.

Philippines is Vietnam’s second largest rice importer Posted: 27 Jul 2014 11:09 PM PDT The Philippines is now the second largest importer of Vietnamese rice, accounting for 21.03% of the nation's rice exports during the first six months of the year, the Ministry of Agriculture and Rural Development (MARD) reports. Vietnam shipped a total of 687.150 tonnes of rice to the Philippines valued at US$309.982 during the six month […] The post Philippines is Vietnam's second largest rice importer appeared first on Vietnam Business News.

Concerns mount over low credit growth Posted: 27 Jul 2014 11:05 PM PDT Many commercial banks are raising concerns that cheap money has not led to the growth-igniting investment spree the monetary policy was designed to encourage. Credit growth remained sluggish in the first half of the year at 3.52% and commercial banks are cautioning the State Bank of Vietnam (SBV) decision to continue lowering lending interest rates […] The post Concerns mount over low credit growth appeared first on Vietnam Business News.

Banyan Tree seeks casino approval Posted: 27 Jul 2014 11:05 PM PDT Singaporean resort developer Banyan Tree Holdings is expecting to receive the Vietnamese government's approval to open a casino at its existing Laguna Lang Co resort in the centre province of Thua Thien-Hue. The provincial People's Committee last week stated that Ho Kwon Ping, executive chairman of Banyan Tree Holdings had asked provincial leaders to allow […] The post Banyan Tree seeks casino approval appeared first on Vietnam Business News.

Vietnam, Egypt taking logistics business to a higher level Posted: 27 Jul 2014 10:37 PM PDT The Saigon Newport Corporation (SNP) held a conference on July 27 with representatives from 20 leading Egyptian businesses in Cairo exploring cooperative opportunities in logistics and transport. Speaking at the meeting, Vietnamese Charge d’ Affaires to Egypt Nguyen Hong Son introduced Vietnam's achievements in the renewal process underscoring the nation's exceptional annual average growth rate […] The post Vietnam, Egypt taking logistics business to a higher level appeared first on Vietnam Business News.

Samsung Thai Nguyen rakes in US$2 billion from exports Posted: 27 Jul 2014 10:37 PM PDT More than three months since it was put into operation, the Samsung Electronics Vietnam Thai Nguyen (SEVT) earned nearly US$2 billion from exports, mostly smartphones and tablets (June statistics). The plant had produced 5.4 million products in the reviewed period and the number is likely to rise to 6 million in late July. The SEVT […] The post Samsung Thai Nguyen rakes in US$2 billion from exports appeared first on Vietnam Business News.

Production rise hints at recovery Posted: 27 Jul 2014 01:15 PM PDT The nation’s industrial production from Jan-July 2014 saw a 6.2 per cent year-on-year increase, a positive sign of recovering production at enterprises, noted the General Statistics Office (GSO). The index of industrial production (IIP), in the first seven months, registered the highest growth rate so far this year, noted the GSO, compared to 3 per […] The post Production rise hints at recovery appeared first on Vietnam Business News.

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