The Business Times: Hanoi vows to build more supermarkets, eliminate traditional markets

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• Hanoi vows to build more supermarkets, eliminate traditional markets
• New decree proposes huge hikes in land prices
• State banks told to buy back state-owned institutions’ bank stakes
• Canadian gold company resumes operation after two months
• Taiwanese group to invest $1b in eco-tourism complex
• VASEP files claim against US’ anti-dumping duties on shrimp
• Licenses of two foreign banks revoked

Hanoi vows to build more supermarkets, eliminate traditional markets Posted: 01 Oct 2014 09:27 PM PDT Despite economists' opposition to the 1,000-supermarket plan proposed by the Hanoi Industry and Trade Department, officials are still determined to go ahead with it. Tran Thi Phuong Lan, deputy director of the department, once again spoke about the need for the supermarkets at a press briefing at a meeting of the Hanoi Communist Party Committee. […] The post Hanoi vows to build more supermarkets, eliminate traditional markets appeared first on Vietnam Business News.

New decree proposes huge hikes in land prices Posted: 01 Oct 2014 09:22 PM PDT A draft decree on land prices could drive investment rates much higher, businesses fear. Under the draft decree, now open for public opinion, the highest land price level tfor the Red River Delta and the eastern part of the southern region would be VND162 million per square meter. The current price of land in urban […] The post New decree proposes huge hikes in land prices appeared first on Vietnam Business News.

State banks told to buy back state-owned institutions’ bank stakes Posted: 01 Oct 2014 09:19 PM PDT The Prime Minister's Decision No 51 issued on September 15 requires the State Bank of Vietnam (SBV), or state-owned commercial banks appointed by SBV, to buy back capital contributed by state-owned institutions to credit institutions, if the capital is equivalent to 5 percent or higher of the credit institutions' chartered capital. Analysts said the decision […] The post State banks told to buy back state-owned institutions' bank stakes appeared first on Vietnam Business News.

Canadian gold company resumes operation after two months Posted: 01 Oct 2014 09:19 PM PDT A Besra Group representative said on September 29 that while waiting to settle tax debts with relevant agencies, the Group would formally restore its production at the Bong Mieu gold mine from September 30 after more than two months of closure. On July 23, Besra Vietnam Group suspended production at the two largest gold companies […] The post Canadian gold company resumes operation after two months appeared first on Vietnam Business News.

Taiwanese group to invest $1b in eco-tourism complex Posted: 01 Oct 2014 09:16 PM PDT Happiness Cement Group of Taiwan has unveiled a plan to invest US$1 billion in the construction of a modern eco-tourism and urban area complex in north-eastern Quang Ninh Province. At a meeting with the provincial People’s Committee on Tuesday, the company vowed to expedite all formalities as soon as possible to speed up the issuance […] The post Taiwanese group to invest $1b in eco-tourism complex appeared first on Vietnam Business News.

VASEP files claim against US’ anti-dumping duties on shrimp Posted: 01 Oct 2014 09:15 PM PDT The Vietnam Association of Seafood Exporters and Processors (VASEP) has decided to launch a case against the US Department of Commerce (DOC) via the US International Trade Commission (ITC) over its imposition of duties on Vietnam s warm-water shrimp. According to the DOC's decision reached during its eighth period of review from February 1, 2012 […] The post VASEP files claim against US' anti-dumping duties on shrimp appeared first on Vietnam Business News.

Licenses of two foreign banks revoked Posted: 01 Oct 2014 04:20 PM PDT The central bank has withdrawn the licenses of two foreign banks, Laos-Vietnam Joint Venture Bank and Credit Agricole Bank, according to a State Bank of Vietnam's (SBV) report to the National Assembly Standing Committee. The SBV has also closed branches of two other foreign banks, ANZ and Shinhan. At present, the central bank is dealing […] The post Licenses of two foreign banks revoked appeared first on Vietnam Business News.

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