The Business Times: Tons of gold sold abroad, but exporters delay tax payments

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• Tons of gold sold abroad, but exporters delay tax payments
• More banks to take over finance companies under new decree
• Trang Tien Plaza to undergo renovation
• Ministry proposes assistance for airlines affected by East Sea tensions
• To settle Vinalines’ debts, Vietnam may have to amend laws
• 11 Vietnam banks cited among world’s top 1,000
• Resorts gamble on casino attraction
• Steel producers see sluggish sales
• AEON expands its presence into Binh Duong
• Exports to Hong Kong see growth in H1

Tons of gold sold abroad, but exporters delay tax payments Posted: 06 Aug 2014 06:08 PM PDT In a four-year period, from 2008 to 2012, over 4.4 tons of gold were exploited from Bong Mieu and Dak Sa, the two biggest gold mines in Vietnam. However, the state has not received sufficient taxes from the gold exporters. According to the Quang Nam provincial Taxation Agency, the miner in Bong Mieu and Dak […] The post Tons of gold sold abroad, but exporters delay tax payments appeared first on Vietnam Business News.

More banks to take over finance companies under new decree Posted: 06 Aug 2014 05:05 PM PDT Analysts predict a new wave of commercial banks taking over finance companies following a new government decree. Decree No 39, which took effect in late June, will help finance companies become more "attractive". They will be able to issue deposit certificates, short- and long-term bonds, treasury bills, provide guarantees, and issue credit cards. Banks, which […] The post More banks to take over finance companies under new decree appeared first on Vietnam Business News.

Trang Tien Plaza to undergo renovation Posted: 06 Aug 2014 09:07 AM PDT Big sale programs are being run at all the stalls of Trang Tien Plaza prior to its renovation, just 16 months after it resumed operation in April 2013. Prior to that, it underwent a restructuring after it changed hands to a new investor, who reportedly poured VND400 billion to renew it. Considered a commercial symbol […] The post Trang Tien Plaza to undergo renovation appeared first on Vietnam Business News.

Ministry proposes assistance for airlines affected by East Sea tensions Posted: 06 Aug 2014 09:05 AM PDT The Ministry of Transport has sent a report to the Prime Minister proposing assistance policies for domestic airlines during the period in which they were affected by East Sea tensions. The report detailed the damage that the airlines suffered recently, particularly the fall of Chinese tourists to Vietnam and vice versa, after China deployed its […] The post Ministry proposes assistance for airlines affected by East Sea tensions appeared first on Vietnam Business News.

To settle Vinalines’ debts, Vietnam may have to amend laws Posted: 06 Aug 2014 09:03 AM PDT Solutions to Vinalines' debt settlement will not occur unless the government agrees to amend a series of regulations. Deciding that it should not follow Vinashin's move (a shipbuilder burdened with debt), to issue rollover shares with the government's guarantee, the Vietnam National Shipping Lines (Vinalines) wants to go its own way to settle its debts. […] The post To settle Vinalines' debts, Vietnam may have to amend laws appeared first on Vietnam Business News.

11 Vietnam banks cited among world’s top 1,000 Posted: 06 Aug 2014 08:55 AM PDT The prestigious financial magazine, The Banker, has listed eleven Vietnam banks in its recently published Top World Banks ranking for 2014, affirming the country as a leading financial centre in Southeast Asia. The top five of the 11 Vietnam banks include – Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Bank for Foreign […] The post 11 Vietnam banks cited among world's top 1,000 appeared first on Vietnam Business News.

Resorts gamble on casino attraction Posted: 06 Aug 2014 08:54 AM PDT Vietnam's still young gaming business is showing signs of maturity with a number of hospitality developers asking for licences to build casinos and upcoming wide-ranging measures that would help legitimise the industry and streamline investment. The latest proposal came from Singapore's resort developer and operator Banyan Tree Holdings, which wants to build a casino at […] The post Resorts gamble on casino attraction appeared first on Vietnam Business News.

Steel producers see sluggish sales Posted: 06 Aug 2014 08:52 AM PDT The domestic steel market has continued to be quiet as consumption is at a low level, said the Ministry of Industry and Trade. The ministry told a press meeting in Hanoi on August 4 that low steel consumption was due to the economic slowdown. The ministry also said that raw steel output in July reached […] The post Steel producers see sluggish sales appeared first on Vietnam Business News.

AEON expands its presence into Binh Duong Posted: 06 Aug 2014 08:51 AM PDT Japanese owned Aeonmall Vietnam Co, Ltd has received the green light from Binh Duong province to proceed with its expansion plans and the grand opening of its Aeon Binh Duong Canary Mall in November 2014. Speaking of its expansion plans, Yukio Konishi, General Director said the company has done business in Hanoi and HCM city […] The post AEON expands its presence into Binh Duong appeared first on Vietnam Business News.

Exports to Hong Kong see growth in H1 Posted: 06 Aug 2014 08:45 AM PDT Vietnamese exports to Hong Kong posted strong growth in the first half of this year, according to Vietnam’s General Department of Customs. The department reported that Vietnamese exports to Hong Kong grew 31.36% year on year to touch US$2.1 billion during the first half of this year. These export products included camera and camera components, […] The post Exports to Hong Kong see growth in H1 appeared first on Vietnam Business News.

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