The Business Times: CPI for August to inch up 0.2%

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• CPI for August to inch up 0.2%
• Infrastructure projects awaiting new Japanese ODA
• Japanese firms eager to invest in Binh Duong
• Exports to Russia nearly double
• Action plans to realize industrialization strategy adopted
• Vietnam ascending to world’s largest coffee exporter
• Central bank says money withdrawals at VNCB drop
• No special consumption tax for carbonated drinks

CPI for August to inch up 0.2% Posted: 02 Aug 2014 07:39 AM PDT Despite the two petrol price hikes, the consumer price index (CPI) for July rose 0.23% over June, and the CPI for August is forecast to edge up 0.2% compared to July. Market observers say inflation is expected to inch up on the back of an inadequate supply of food and foodstuffs to meet demand during […] The post CPI for August to inch up 0.2% appeared first on Vietnam Business News.

Infrastructure projects awaiting new Japanese ODA Posted: 02 Aug 2014 07:38 AM PDT The Japan International Cooperation Agency (JICA) plans to send a delegation to Vietnam from August 5-15 to appraise the Tien Sa seaport expansion project (phase II) in Danang city. This is one of the new projects to be evaluated after Japan announced resumption of its official development assistance (ODA) for Vietnam in July. In phase […] The post Infrastructure projects awaiting new Japanese ODA appeared first on Vietnam Business News.

Japanese firms eager to invest in Binh Duong Posted: 02 Aug 2014 07:37 AM PDT A delegation from Japan's Akita prefecture led by its Vice Mayor Iwasawa Michitaka arrived in Binh Duong southern province on August 1. Provincial People's Committee Chairman Le Thanh Cung said the province had decided to solicit the assistance of Japanese foreign investors to improve technology and product quality and sharpen competition in the domestic market. […] The post Japanese firms eager to invest in Binh Duong appeared first on Vietnam Business News.

Exports to Russia nearly double Posted: 02 Aug 2014 07:37 AM PDT Russia is an attractive Vietnamese export market thanks to incentive policies on tariffs and strong consumer demand. In the first half of the year, Vietnam's exports to Russia skyrocketed 92.72% year-on-year to US$797.2 million, according to the General Office of Statistics (GSO). Vietnam exported mainly mobile phones and spare parts, garments and textiles, coffee, footwear, […] The post Exports to Russia nearly double appeared first on Vietnam Business News.

Action plans to realize industrialization strategy adopted Posted: 02 Aug 2014 07:34 AM PDT Prime Minister Nguyen Tan Dung has approved four action plans to implement Vietnam's industrialization strategy within the Vietnam-Japan cooperation framework by 2020 with a vision for 2030. These four plans include developing the electronics industry, developing the agricultural machinery industry, developing the agricultural product processing industry, and developing the environment and energy saving industry. Vietnam […] The post Action plans to realize industrialization strategy adopted appeared first on Vietnam Business News.

Vietnam ascending to world’s largest coffee exporter Posted: 02 Aug 2014 07:31 AM PDT In the staunchly competitive coffee industry, leading economists forecast Vietnam is set to become the world's largest coffee exporter, providing the Southeast Asian nation can surmount its shortcomings. High competitiveness The Ministry of Agriculture and Rural Development (MARD) reports Vietnamese coffee exports in the seven months leading up to August jumped 26.9% in volume and […] The post Vietnam ascending to world's largest coffee exporter appeared first on Vietnam Business News.

Central bank says money withdrawals at VNCB drop Posted: 02 Aug 2014 07:29 AM PDT The number of clients withdrawing their cash from Vietnam Construction Bank (VNCB) declined on July 31, days after three former leaders of the bank were arrested, said a deputy governor of the State Bank of Vietnam. Nguyen Dong Tien told the Government's regular press briefing on July 31 that many depositors drew their money out […] The post Central bank says money withdrawals at VNCB drop appeared first on Vietnam Business News.

No special consumption tax for carbonated drinks Posted: 02 Aug 2014 07:28 AM PDT The Ministry of Finance has decided to not add carbonated soft drinks to the list of items subject to special consumption tax for discussions by National Assembly deputies this October. The ministry's move is in stark contrast to a view shared by many other ministries and agencies that said carbonated soft drinks should be put […] The post No special consumption tax for carbonated drinks appeared first on Vietnam Business News.

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