Thursday, November 20, 2014

The Business Times: Fuel Traders Await Price Cut Order Again

The Business Times: Fuel Traders Await Price Cut Order Again

Link to Vietnam Business News

Fuel Traders Await Price Cut Order Again

Posted: 20 Nov 2014 01:13 AM PST

Local fuel trading companies again are waiting for a decision from administering agencies to announce further retail price cuts as they are making good profits from VND300-750 from each liter of fuel sold. According to the base price calculation list provided by fuel wholesale traders, they have been gaining VND733 from each liter of gasoline […]

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EU Pours $19 Billion into Vietnam

Posted: 20 Nov 2014 01:05 AM PST

The capital city ranked first in the nation in attracting investment from European Union countries, with 357 projects worth US$3 billion, according to the Foreign Investment Agency (FIA). EU investors have funded projects in 52 provinces and cities, focusing on Ba Ria-Vung Tau, Quang Ninh and Dong Nai as well as Ha Noi and HCM […]

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Nov 20: UPCoM-Index Snaps Six-day Loss of 28%

Posted: 20 Nov 2014 01:02 AM PST

The UPCoM-Index, the measure of 165 unlisted public companies, rallied on Thursday to break a six-day drop of nearly 28 per cent to climb up from its six-week low as traded stocks gained ground. The index rose 0.58 points, or 0.76%, to end at 76.5, rebounding from the lowest close since October 6. Among index […]

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Nov 19: VN-Index Extends 3-Week Low on Blue-chips

Posted: 20 Nov 2014 01:02 AM PST

Stocks on the Hochiminh Stock Exchange sank for a second day on Wednesday, five days of losses in six, as investors continued to sell local shares to avert risks on lack of boosting news. Blue-chips led the downturn, a stock analyst in Hanoi said. The bourse plunged to the low of the day at the […]

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Fewer Russian tourists as foreign currencies depreciate against US dollar

Posted: 19 Nov 2014 07:55 PM PST

Travel agencies complain that it is difficult to attract foreign travelers from some markets because of the depreciation of many foreign currencies against the dollar, which has made tours more expensive. Hoang Thi Phong Thu, chair of Anh Duong Travel, and her coworkers met with major partners in resorts in Binh Thuan and Nha Trang […]

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Aviation sector attracts bankers

Posted: 19 Nov 2014 07:55 PM PST

Injecting money into airlines is not the choice of short- term investors, but airlines' shares are very attractive in the eyes of bankers, even though the ratio of profit of revenue is not high. The national flag air carrier Vietnam Airlines on November 14 sold 49 million shares in its IPO (initial public offering), reaping […]

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Ministry says highway costs reasonable

Posted: 19 Nov 2014 07:21 PM PST

The Ministry of Construction (MOC) has said the investment rate of highways in Vietnam is higher than in China but lower than in developed countries, denying the assertion that Vietnamese highways are the most expensive in the world. MOC has submitted to the government a report on the building costs of 10 highways in Vietnam, […]

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WTO announces ruling on Vietnam’s shrimp anti-dumping lawsuit

Posted: 19 Nov 2014 07:19 PM PST

The World Trade Organisation (WTO) on November 17 announced the panel's final decision on Vietnam 's lawsuit against the US imposition of anti-dumping tax on its certain warm-water frozen shrimp, known as case DS/429. The panel considered 11 contents in Vietnam 's claims and issued rulings on seven of them which are considered conducive to […]

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Big foreign groups eyeing MobiFone equitization

Posted: 19 Nov 2014 07:18 PM PST

MobiFone shares have been added to the portfolios of many foreign institutional investors. MobiFone is one of the three largest mobile networks in Vietnam. In early August, a representative of Sweden’s Comvik met with the leaders of the Ministry of Information and Communication, expressing willingness to become a strategic partner of the equitized MobiFone after […]

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Thai billionaire to acquire Vietnamese beer, milk manufacturers

Posted: 19 Nov 2014 07:14 PM PST

The Wall Street Journal (WSJ) has reported that ThaiBev, owned by the Thai billionaire, is considering buying the state's stakes in Sabeco, one of the largest breweries in Vietnam, which is valued at $2 billion. Sabeco, which was initially set up as a state-owned enterprise, was equitized some years ago but is still looking for […]

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