The Business Times: Viettel distributes iPad in Vietnam

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• Viettel distributes iPad in Vietnam
• Vingroup to open new center in Halong
• Bitcoin turns digital gold as faith in Vietnam dong ebbs
• PetroVietnam profits hugely on government monopoly
• Rice rally seen cooling by Vietnam as Thailand to India sell
• Complex tax laws don’t deter foreign investment
• Formosa incentives fully legal
• Hotels and high-rises along investors’ ‘dream road’ never got off the ground
• New vehicle registration laws a burden for transport firms
• Vietnamese investors regret Chinese technology purchases

Viettel distributes iPad in Vietnam Posted: 31 Jul 2014 03:46 PM PDT Vietnamese telecom firm Viettel started on July 30 to distribute iPads in Vietnam after several years of serving as a distributor of iPhones for Apple on the local market. Viettel sells iPad Air Cellular and iPad mini Retina Cellular at its stores nationwide. This is the first time a local mobile service provider has cooperated […] The post Viettel distributes iPad in Vietnam appeared first on Vietnam Business News.

Vingroup to open new center in Halong Posted: 31 Jul 2014 07:03 AM PDT Vingroup Joint Stock Company will open its new Vincom Center Halong on October 19 as a shopping and entertainment complex meeting international standards in Halong City in the northern province of Quang Ninh. With four stories and one basement, Vincom Center Halong is built on a total area of nearly over 3.7 hectares modeled after […] The post Vingroup to open new center in Halong appeared first on Vietnam Business News.

Bitcoin turns digital gold as faith in Vietnam dong ebbs Posted: 31 Jul 2014 06:49 AM PDT Bui Huy Kien is ignoring the Vietnamese government's warnings and accepting payment in bitcoin for advertisements on his website. "I don't really trust the dong because of the way the Vietnamese currency is managed," Kien, the founder of lamchame.com, a portal for young parents, said in a July 23 phone interview. "It's not transparent. Gradual […] The post Bitcoin turns digital gold as faith in Vietnam dong ebbs appeared first on Vietnam Business News.

PetroVietnam profits hugely on government monopoly Posted: 31 Jul 2014 06:46 AM PDT State-owned fuel giant PetroVietnam has reported more than US$1.1 billion in profit during the first-half of the year, thanks mostly to gains in sectors where it faces no competitors or enjoys preferential policies. During a recent press briefing that coincided with the release of a financial report at its headquarters in the southern beach town […] The post PetroVietnam profits hugely on government monopoly appeared first on Vietnam Business News.

Rice rally seen cooling by Vietnam as Thailand to India sell Posted: 31 Jul 2014 06:44 AM PDT The advance in rice prices is set to cool as India and Thailand increase sales from stockpiles, boosting global supplies, according to the Deputy Trade Minister of Vietnam, the world's third-largest exporter. Expanding harvests in other major producers will also keep prices stable, Tran Tuan Anh said in an interview in Hanoi on July 29. […] The post Rice rally seen cooling by Vietnam as Thailand to India sell appeared first on Vietnam Business News.

Complex tax laws don’t deter foreign investment Posted: 31 Jul 2014 06:37 AM PDT The complexity of Vietnam's business tax climate is not impeding the attraction of foreign investment, and oddly enough, is appealing to a corrupt element of investors using complexity and legal loopholes to their advantage. A World Bank recent report on Vietnam's business tax climate in 2013 reflects it took a typical foreign invested small business […] The post Complex tax laws don't deter foreign investment appeared first on Vietnam Business News.

Formosa incentives fully legal Posted: 31 Jul 2014 06:30 AM PDT Discussions have recently raged over the incentives offered to Formosa Plastics Group's $10 billion steel and Son Duong deep-water seaport complex in the central province of Ha Tinh. Professor Nguyen Mai*, who acted as an advisor to the province on this gigantic project talked to VIR's Thanh Huong about the issues involved. The Vietnamese government […] The post Formosa incentives fully legal appeared first on Vietnam Business News.

Hotels and high-rises along investors’ ‘dream road’ never got off the ground Posted: 31 Jul 2014 06:27 AM PDT The coastal road that links the sea city of Da Nang and the historic town of Hoi An was once called the "multi-billion dollar road" because of its promising value. But now it is called the "disillusion road" because the multi-billion dollar dream has been dashed. Ten years ago, big real estate developers flocked into […] The post Hotels and high-rises along investors' 'dream road' never got off the ground appeared first on Vietnam Business News.

New vehicle registration laws a burden for transport firms Posted: 31 Jul 2014 06:24 AM PDT The new regulation on examining trucks' unloaded weight at registration stations has caused problems for transport firms because they cannot fulfill registration procedures within one week. Nguyen Van Hung, the owner of U&I, a transport firm in Binh Duong province, complained that it is now very difficult to have trucks registered at the registration agencies. […] The post New vehicle registration laws a burden for transport firms appeared first on Vietnam Business News.

Vietnamese investors regret Chinese technology purchases Posted: 31 Jul 2014 06:22 AM PDT Using Chinese production line and equipment, a fertilizer plant of the Ninh Binh Nitrate Company has been taking losses, while eight northern provinces periodically suffer outages because of Chinese transformers. The fertilizer company, a subsidiary of the Vietnam Chemicals Corporation (Vinachem), has never made profit since it became operational some years ago. The $700 million […] The post Vietnamese investors regret Chinese technology purchases appeared first on Vietnam Business News.

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