The Business Times: Fuel prices at three-year lows

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• Fuel prices at three-year lows
• Ministry: Milk prices decided by different factors
• SOE equitization to depend heavily on private capital
• IMF worries about SOE reform
• Mui Ne is losing its “resort capital” title
• Luxury car market booming
• Securities companies dying slow death
• Public angry about Formosa’s requests for special treatment
• Vietnam joins Boeing, Airbus industry supply chains
• How effectively manage Vietnamese casinos

Fuel prices at three-year lows Posted: 10 Nov 2014 11:41 PM PST The latest round of cuts last week sent fuel retail prices sliding to three-year lows, promoted by lowering global oil prices. The downward adjustments of fuel prices took effect from 11 a.m. last Friday, according to Vietnam National Petroleum Group (Petrolimex), the country's biggest fuel trading firm. Prices of RON92 and RON95 gasoline are down […] The post Fuel prices at three-year lows appeared first on Vietnam Business News.

Ministry: Milk prices decided by different factors Posted: 10 Nov 2014 11:37 PM PST In explaining why local milk prices have remained stubbornly high, the Ministry of Finance's Price Management Department said material milk cost alone cannot decide prices of local dairy products as it is one of many factors that constitute the manufacturing cost. Nguyen Anh Tuan, head of the department, said on the ministry's website that despite […] The post Ministry: Milk prices decided by different factors appeared first on Vietnam Business News.

SOE equitization to depend heavily on private capital Posted: 10 Nov 2014 06:38 PM PST A number of big state-owned enterprises (SOEs) are eagerly awaiting significant cash injections from private Vietnamese businesses to carry out their equitization plans. The HCM City Stock Exchange (HOSE) reports that 90 percent of the Vietnam Textile and Garment Group (Vinatex) shares put on sale at its IPO (initial public offering) have been sold. This […] The post SOE equitization to depend heavily on private capital appeared first on Vietnam Business News.

IMF worries about SOE reform Posted: 10 Nov 2014 06:37 PM PST The International Monetary Fund's Resident Representative for Vietnam Sanjay Kalra has expressed concerns over State-owned enterprise (SOE) reform due to soaring debts in the sector. As calculated by IMF, the SOE sector is causing fiscal risks to the country with government-guaranteed debt accounting for 15% of gross domestic product (GDP) in 2012, a surge versus […] The post IMF worries about SOE reform appeared first on Vietnam Business News.

Mui Ne is losing its “resort capital” title Posted: 10 Nov 2014 06:36 PM PST Mui Ne in Phan Thiet city in Binh Thuan province has long been dubbed the “resort capital” of Vietnam and has been considered the most attractive resort destination of foreign tourists. However, it is facing a risk of losing this position to Nha Trang and Phu Quoc. In late October, Nguyen Dinh Chieu Road, the […] The post Mui Ne is losing its "resort capital" title appeared first on Vietnam Business News.

Luxury car market booming Posted: 10 Nov 2014 06:35 PM PST Luxury cars priced at tens of billions of dong continue to be popular in Vietnam, where the income per capita is $1,960 per annum. During the first six months of the year, three luxury car brands officially joined the market, while many new car models were introduced. A report from the General Department of Customs […] The post Luxury car market booming appeared first on Vietnam Business News.

Securities companies dying slow death Posted: 10 Nov 2014 06:34 PM PST When the VN Index tumbled a number of years ago, it spelled trouble for many companies who had to delist. Some left the bourse, and the remaining who were considered the most resilient are now struggling to keep their heads above water. A third quarter report on securities brokerage firms by the HCM City Stock […] The post Securities companies dying slow death appeared first on Vietnam Business News.

Public angry about Formosa’s requests for special treatment Posted: 10 Nov 2014 06:33 PM PST Formosa, the steel investor from Taiwan, has made many requests in the last two years of the government, questions about the real motive for the investor's steel project in Vietnam. Most recently, Formosa asked the Ministries of Finance and Transport for permission to retain 100 percent of the fee for the fairway to Son Duong […] The post Public angry about Formosa's requests for special treatment appeared first on Vietnam Business News.

Vietnam joins Boeing, Airbus industry supply chains Posted: 10 Nov 2014 06:33 PM PST Vietnam has joined the global production chains of world's most reputable aircraft manufacturers – Boeing and Airbus – by providing low-value parts and accessories. Most people are unaware that modern Boeings and Airbuses are built with some parts made in Vietnam. MHI Aerospace Vietnam, a factory of Mitsubishi Heavy Industries (MHI) located in the Thang […] The post Vietnam joins Boeing, Airbus industry supply chains appeared first on Vietnam Business News.

How effectively manage Vietnamese casinos Posted: 10 Nov 2014 06:32 PM PST  Initially, only Vietnamese individuals who possess an APEC Business Travel Card (ABTC) are qualified to play in casinos. Tran Quang Chieu, permanent member of the National Assembly (NA) Committee for Financial and Budgetary Affairs made the remark in a recent interview given to a Radio Voice of Vietnam (VOV) reporter about management of income from […] The post How effectively manage Vietnamese casinos appeared first on Vietnam Business News.

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