The Business Times: $2b tourism complex planned for Cat Ba island

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• $2b tourism complex planned for Cat Ba island
• New law defines bankruptcy proceedings
• Cement consumption bounces back
• Viet Nam lures more British tourists
• Korean investors eye opportunities arising from new Construction Law
• Lending Rates May Fall 1-2%: Banker
• Sep 17: VN-Index dips third day on blue-chips
• Credit grows 5.82% by Aug 31
• Shares of Seafood Companies Soar
• Seafood companies attend int’l expo in Australia

$2b tourism complex planned for Cat Ba island Posted: 17 Sep 2014 07:52 PM PDT The Hanoi-based GIICO International Investment Group has announced a plan to build a US$2-billion tourism complex on Cat Ba Island in the northern city of Hai Phong. According to Dien dan Doanh nghiep (The Business Forum)online, the Venus Cat Ba-Ha Long project will include resorts, hotels, trade centres and hospitals, as well as golf courses, […] The post $2b tourism complex planned for Cat Ba island appeared first on Vietnam Business News.

New law defines bankruptcy proceedings Posted: 17 Sep 2014 07:51 PM PDT After 10 years from the issuance of the 2004 bankruptcy law, a new Law on Bankruptcy (the Bankruptcy Law) was passed on June 19, 2014, by the 13th National Assembly with bankruptcy proceedings separated into the two concepts – insolvency and bankruptcy. In addition, the new law clearly defines rights and obligations of involved parties […] The post New law defines bankruptcy proceedings appeared first on Vietnam Business News.

Cement consumption bounces back Posted: 17 Sep 2014 07:49 PM PDT The domestic consumption of cement in the first eight months bounced back to a sustainable status, which is being seen a relief for producers with surplus inventories. Chairman of Viet Nam Cement Association Nguyen Quang Cung told Thoi Bao Ngan Hang (Banking Times) newspaper, “Cement plants are likely to run at full throttle.” Chairman of […] The post Cement consumption bounces back appeared first on Vietnam Business News.

Viet Nam lures more British tourists Posted: 17 Sep 2014 07:48 PM PDT Viet Nam has become an interesting and attractive tourist destination for visitors from Europe, especially the United Kingdom (UK). Figures from the General Statistics Office showed that the number of tourists from the UK from 2007 to 2013 has increased. Last year, Viet Nam received 184,660 British tourists. In the first eight months of this […] The post Viet Nam lures more British tourists appeared first on Vietnam Business News.

Korean investors eye opportunities arising from new Construction Law Posted: 17 Sep 2014 07:48 PM PDT Korean investors are seeking opportunities to expand investment in Viet Nam’s construction sector following the implementation of the 2014 Construction Law, a conference revealed on Tuesday. The gathering attracted the participation of 25 Korean investors such as Daewoo, Lotte, Samsung, Hyundai and Hanshin to discuss opportunities presented by the new law. The Academy of Managers […] The post Korean investors eye opportunities arising from new Construction Law appeared first on Vietnam Business News.

Lending Rates May Fall 1-2%: Banker Posted: 17 Sep 2014 07:46 AM PDT This is the point of view of Le Duc Tho, General Director of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), local newswire Infornet reported. Specifically, according to Tho, with the expected annual inflation of about 5% to 6%, in order to maintain positive effective interest rates to depositors, deposit rates have almost […] The post Lending Rates May Fall 1-2%: Banker appeared first on Vietnam Business News.

Sep 17: VN-Index dips third day on blue-chips Posted: 17 Sep 2014 07:40 AM PDT The Hochiminh Stock Exchange unexpectedly suffered the late decline on Wednesday, widening its losing run to three straight days, as heavyweight stocks sank. Securities companies surged. Blue-chips like GAS, KDC, MSN, VCB and VNM once again drove the gauge, VN-Index, out of the common trajectory of the market. Oil and gas companies like PXS, PXL […] The post Sep 17: VN-Index dips third day on blue-chips appeared first on Vietnam Business News.

Credit grows 5.82% by Aug 31 Posted: 17 Sep 2014 07:37 AM PDT According to the Department of Credit to Economic Industries of the State Bank of Vietnam (SBV), by the end of August 2014, credit to economy grew 5.82% compared to the end of 2013, local newswire Infornet reported. Credit flow has shifted, focusing on a number of priority areas, the real estate sector, etc. Specifically, outstanding […] The post Credit grows 5.82% by Aug 31 appeared first on Vietnam Business News.

Shares of Seafood Companies Soar Posted: 17 Sep 2014 07:36 AM PDT Shares of seafood processors have enjoyed pricey trading as a result of the development of the sector as well as the healthy operations of each of the companies. Transactions on the shares have so far jumped by 50 per cent overall compared with that of mid-August 2014. The lifting of a ban on the export […] The post Shares of Seafood Companies Soar appeared first on Vietnam Business News.

Seafood companies attend int’l expo in Australia Posted: 17 Sep 2014 07:35 AM PDT Seven seafood companies from the Mekong Delta province of Ca Mau are participating in Australia's largest food industry trade exposition ongoing at the Melbourne Convention & Exhibition Centre from Sept. 15-18. This is the fifth time Ca Mau Seafood Processing and Service Joint-Stock Corporation has joined the Australian expo with the aim of stimulating export […] The post Seafood companies attend int'l expo in Australia appeared first on Vietnam Business News.

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