The Business Times: Insurance firms see healthy H1 growth

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• Insurance firms see healthy H1 growth
• Broken internet cable to be fixed this month
• Foreign investors vital for economy
• State Audit highlights public debt
• Bitexco offers to make 2 bays tourist hotspots
• City stocks slide as blue chips fall
• VNPT eyes 20% stake at MobiFone
• Canadian gold miner suspends operations in Quang Nam for tax debts
• Inside the first Starbucks store in Hanoi
• Malaysia’s CIMB bank eyes expanding into Vietnam

Insurance firms see healthy H1 growth Posted: 25 Jul 2014 11:49 PM PDT The insurance market grew 12.6 per cent in the first half of this year compared to the same period last year despite the slow economic recovery, decreased interest rates and low credit growth. The online portal Viet Nam Economic News quoted Deputy Director of the Insurance Supervisory Authority (ISA) under the Ministry of Finance Pham […] The post Insurance firms see healthy H1 growth appeared first on Vietnam Business News.

Broken internet cable to be fixed this month Posted: 25 Jul 2014 11:48 PM PDT The broken Asia-America Gateway (AAG) undersea cable will be completely repaired by July 30, restoring full Internet connectivity between Viet Nam and other countries. According to FPT Telecom, a cable-welding ship was authorised to enter Vietnamese waters on July 21, and began welding operations from 3am on July 26. The welding activities will be completed […] The post Broken internet cable to be fixed this month appeared first on Vietnam Business News.

Foreign investors vital for economy Posted: 25 Jul 2014 11:47 PM PDT Viet Nam has committed to ensuring a favourable, stable and safe environment for foreign investors as they play a key role in the country’s import and export activities, a ministry official has said. Speaking at a meeting held yesterday in HCM City, Tran Tuan Anh, deputy minister of Industry and Trade, said foreign direct investment […] The post Foreign investors vital for economy appeared first on Vietnam Business News.

State Audit highlights public debt Posted: 25 Jul 2014 11:46 PM PDT State Audit of Viet Nam (SAV) plans to hold an audit on public debt next year. SAV announced the plan yesterday as it released the national financial audit for the 2012 fiscal year. It examined records from 16 ministries and central agencies, 34 major cities and provinces, 32 State-owned enterprises and credit institutions. SAV reported […] The post State Audit highlights public debt appeared first on Vietnam Business News.

Bitexco offers to make 2 bays tourist hotspots Posted: 25 Jul 2014 11:45 PM PDT Bitexco Group has proposed a plan to the Quang Ninh People’s Committee to manage tourism activities in the Ha Long Bay and Bai Tu Long Bay for 50 years. The proposal was discussed in a meeting between representatives of Bitexco and the provincial committee on July 22. According to the group, the two bays have […] The post Bitexco offers to make 2 bays tourist hotspots appeared first on Vietnam Business News.

City stocks slide as blue chips fall Posted: 25 Jul 2014 11:44 PM PDT Stocks lost ground in the last minutes on the HCM Stock Exchange, with the VN-Index giving up nearly 2 points, or 0.32 per cent, to close yesterday at 600.14 points. The decline, mainly of blue chips, dragged the market down as only four of the top 30 shares by market value and liquidity advanced while […] The post City stocks slide as blue chips fall appeared first on Vietnam Business News.

VNPT eyes 20% stake at MobiFone Posted: 25 Jul 2014 06:39 PM PDT Vietnam Post and Telecommunications Group (VNPT) has plans to look for approval from authorities to own 20% of mobile carrier MobiFone when the latter goes public. Mai Van Binh, general director and chairman of MobiFone, said though MobiFone was spun off from VNPT early this month, the State-owned group was seeking to hold a maximum […] The post VNPT eyes 20% stake at MobiFone appeared first on Vietnam Business News.

Canadian gold miner suspends operations in Quang Nam for tax debts Posted: 25 Jul 2014 06:36 PM PDT Besra Company on July 23 announced that they have suspended operations at Phuoc Son and Bong Mieu mine sites in the central province of Quang Nam after their bank accounts were blocked by the province's Tax Department for delaying tax payment. This is the first time an investor was suspended for tax debt in the […] The post Canadian gold miner suspends operations in Quang Nam for tax debts appeared first on Vietnam Business News.

Inside the first Starbucks store in Hanoi Posted: 25 Jul 2014 06:35 PM PDT The first Starbucks coffee shop in Hanoi, 32 Hang Bai Street, opened yesterday. The store is located at the corner of Ly Thuong Kiet and Hang Bai, the two main roads in the capital. Furniture and decorations used in the store were either designed by artists in Hanoi or provided by local suppliers. The highlights […] The post Inside the first Starbucks store in Hanoi appeared first on Vietnam Business News.

Malaysia’s CIMB bank eyes expanding into Vietnam Posted: 25 Jul 2014 06:31 PM PDT Malaysia's second largest bank, CIMB Group, is planning to obtain banking licenses in Vietnam as part of its drive to expand into the fast-growing Southeast Asian market, according to Reuters. The group has embarked upon an ambitious plan for opening branches in all Southeast Asian nations by 2015 coinciding with the establishment of the ASEAN […] The post Malaysia's CIMB bank eyes expanding into Vietnam appeared first on Vietnam Business News.

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