The Business Times: Economic Recovery Forecast to Boost Stock Market

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• Economic Recovery Forecast to Boost Stock Market
• GE appoints first Vietnamese CEO
• Van Don Int’l Airport moves a step closer to becoming reality
• Vietnam, Africa cotton industries eye closer links
• Restructuring Vietnam’s economy for growth
• TPP creates obstacles for timber processing sector
• Germany’s ODA funds afforestation efforts in Hoa Binh province
• M&As to spike as economy grows
• Petrol prices slashed twice in 10 days
• Thai Group Berli Jucker acquires Metro Vietnam

Economic Recovery Forecast to Boost Stock Market Posted: 08 Aug 2014 12:10 AM PDT Vietnam's stock market will consolidate in a gradual uptrend during the rest of the year, fuelled by expectations over stable macroeconomic recovery, according to Vietcombank Securities. Le Xuan Nghia, member of the National Financial Supervisory Council, said at the Vietcombank Securities’ workshop held on Friday that economic recovery was on track and that it would […] The post Economic Recovery Forecast to Boost Stock Market appeared first on Vietnam Business News.

GE appoints first Vietnamese CEO Posted: 08 Aug 2014 12:09 AM PDT American multinational conglomerate General Electric (GE) recently announced the appointment of Vu Thu Trang as CEO of its GE Haiphong Division. GE said that Trang is the first Vietnamese national to manage the GE Haiphong Division since its founding in 2008. Trang began work for GE in 2008. Since then, she has served as the […] The post GE appoints first Vietnamese CEO appeared first on Vietnam Business News.

Van Don Int’l Airport moves a step closer to becoming reality Posted: 08 Aug 2014 12:08 AM PDT The northern province of Quang Ninh has obtained Prime Minister Nguyen Tan Dung’s approval to select Hanoi-based property developer Joinus Company Ltd. and its partners as “potential investors” in Van Don International Airport. The project will be carried out under Build-Operate-Transfer (BOT) method with an estimated total investment of US$655 million. The construction will kick-start […] The post Van Don Int’l Airport moves a step closer to becoming reality appeared first on Vietnam Business News.

Vietnam, Africa cotton industries eye closer links Posted: 08 Aug 2014 12:05 AM PDT A delegation of cotton producers and exporters from eastern and southern African countries met with their Vietnamese counterparts in Ho Chi Minh City on August 6 to explore business opportunities. According to the Vietnam Cotton and Spinning Association (Vcosa), more than 51% of the materials needed for short-staple yarn production is natural cotton, but last […] The post Vietnam, Africa cotton industries eye closer links appeared first on Vietnam Business News.

Restructuring Vietnam’s economy for growth Posted: 08 Aug 2014 12:05 AM PDT It is high time Vietnam restructure the economic growth model towards improving quality, efficiency and competitiveness, Minister of Planning and Investment Vinh made the comment at a two-day national conference in Danang on August 7. The conference, presided over by Prime Minister Nguyen Tan Dung, discusses the socio-economic development plan for the 2016-2020 period and […] The post Restructuring Vietnam's economy for growth appeared first on Vietnam Business News.

TPP creates obstacles for timber processing sector Posted: 08 Aug 2014 12:04 AM PDT The Trans-Pacific Partnership Agreement (TPP) may signal golden opportunities for exports in many of Vietnam's sectors, but it is creating big challenges for the timber processing. Pham Minh Duc, an expert from World Bank (WB) told this at a conference on economic and timber business sector prospects in Ho Chi Minh City on August 7. […] The post TPP creates obstacles for timber processing sector appeared first on Vietnam Business News.

Germany’s ODA funds afforestation efforts in Hoa Binh province Posted: 07 Aug 2014 11:57 PM PDT Nearly 2,600 ha of forest have been cultivated in the northern province of Hoa Binh under a project using official development assistance (ODA) from the German Government. The work was kick-started in May 2007 in Hoa Binh city and Luong Son, Kim Boi, Lac Son and Ky Son districts, focusing on forestation, community-based forest management, […] The post Germany's ODA funds afforestation efforts in Hoa Binh province appeared first on Vietnam Business News.

M&As to spike as economy grows Posted: 07 Aug 2014 11:57 PM PDT There will be a wave of mergers and acquisitions in Vietnam in the next five years when the economy recovers and foreign direct investment surges, an international conference heard in HCM City on August 7. Vietnamese and foreign experts said t it could result in deals worth a total of US$20 billion. The next five […] The post M&As to spike as economy grows appeared first on Vietnam Business News.

Petrol prices slashed twice in 10 days Posted: 07 Aug 2014 11:55 PM PDT Petroleum enterprises were asked to cut the retail price of petrol for the second time in the past ten days after a drop in global petrol prices. Accordingly, the price of a RON92 litre was cut by nearly VND500 per litre to VND24,810 (US$1.16). The price reduction of diesel, gasoline and mazut were VND153, VND138 […] The post Petrol prices slashed twice in 10 days appeared first on Vietnam Business News.

Thai Group Berli Jucker acquires Metro Vietnam Posted: 07 Aug 2014 11:54 PM PDT German retail giant Metro Group has signed a deal to sell its Metro Cash& Carry Vietnam (MCC Vietnam) to Thai Group Berli Jucker (BJC) for US$879 million. The agreement provides for BJC to purchase a 100% ownership interest in MCC Vietnam, including 19 distribution centres and related real estates. A Metro representative said that the […] The post Thai Group Berli Jucker acquires Metro Vietnam appeared first on Vietnam Business News.

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