The Business Times: Maximum speed on Long Thanh-Dau Giay Expressway

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• Maximum speed on Long Thanh-Dau Giay Expressway
• PVN told to clarify oil refinery expansion
• Stock market extends modest rally
• Phu Quoc foresees tourist influx
• SMEs continue to struggle in improving economy
• Vietnam to spend VND1.8 trillion in exchange for huge FDI projects
• Easier foreign ownership likely to revive property market
• Import/export tariff rules need to be amended: businesses
• Several want strategic stakes in Vietnam Airlines
• Phu Quoc Airport up for sale

Maximum speed on Long Thanh-Dau Giay Expressway Posted: 04 Nov 2014 07:56 PM PST Automobiles have been allowed to run at a maximum speed of 120 kilometers per hour on the 20-kilometer-long section of HCMC-Long Thanh-Dau Giay Expressway already opened to traffic since last Saturday. Nguyen Viet Tan, director of Vietnam Expressway Services Engineering Joint Stock Company (VECE), the operator of HCMC-Long Thanh-Dau Giay Expressway, said the company has […] The post Maximum speed on Long Thanh-Dau Giay Expressway appeared first on Vietnam Business News.

PVN told to clarify oil refinery expansion Posted: 04 Nov 2014 07:13 PM PST Deputy Prime Minister Hoang Trung Hai has urged Vietnam National Oil and Gas Group (PVN) to prepare a report on a project to upgrade and expand Dung Quat Oil Refinery and give an explanation of why the expansion is urgent. The Government Office stressed the clarification request in an announcement released recently to convey the […] The post PVN told to clarify oil refinery expansion appeared first on Vietnam Business News.

Stock market extends modest rally Posted: 04 Nov 2014 07:12 PM PST The local stock market advanced slightly for the second straight session on November 3 when the VN-Index rose 2.31 points, or 0.38%, against last Friday to close at 603.15. VIC, VCB and HPG led the advancing side while GAS, BID and MWG were draggers to the index. Market breadth was broad with advancers outnumbering laggards […] The post Stock market extends modest rally appeared first on Vietnam Business News.

Phu Quoc foresees tourist influx Posted: 04 Nov 2014 07:03 PM PST Things are looking rosy for the service industry in Phu Quoc with an expected boom in tourism following a fall in prices and the completion of major tourism projects. With the island enjoying regular power supply from the national grid starting a few months ago, the prices of goods and services have been steadily declining […] The post Phu Quoc foresees tourist influx appeared first on Vietnam Business News.

SMEs continue to struggle in improving economy Posted: 04 Nov 2014 07:03 PM PST Small- and medium-sized enterprises (SMEs) still face "special difficulties" even though the national economy has improved in the last 10 months, according to a National Finance Supervisory Council's report submitted to the government. The business efficiency of 100 businesses with total assets below VND100 billion, surveyed by the council, has decreasing steadily since 2008, the […] The post SMEs continue to struggle in improving economy appeared first on Vietnam Business News.

Vietnam to spend VND1.8 trillion in exchange for huge FDI projects Posted: 04 Nov 2014 07:02 PM PST The Ministry of Finance (MOF) has proposed to offer attractive tax incentives to major investment projects in an effort to lure more huge foreign investors to Vietnam. Though foreign investors in Vietnam have been offered very attractive tax and land policies, MOF still believes that more incentives should be given to help Vietnam become more […] The post Vietnam to spend VND1.8 trillion in exchange for huge FDI projects appeared first on Vietnam Business News.

Easier foreign ownership likely to revive property market Posted: 04 Nov 2014 07:02 PM PST A Construction Ministry recent proposal on creating more favourable conditions for foreigners to buy property is considered a step in the right direction to attract stronger foreign investment inflows. Most foreigners living and working in Ho Chi Minh City are forced to rent a house because they fail to meet the strict regulations to own […] The post Easier foreign ownership likely to revive property market appeared first on Vietnam Business News.

Import/export tariff rules need to be amended: businesses Posted: 04 Nov 2014 07:01 PM PST Import and export tariff rules can be interpreted in many different ways, putting pressure on businesses, many companies have complained. Pham Thi Loan, chair of Viet A Group, said the scheme was "labyrinthine" and unclear. "We are not sure how much tax to impose on our imports, because the tariff is not clear enough," she […] The post Import/export tariff rules need to be amended: businesses appeared first on Vietnam Business News.

Several want strategic stakes in Vietnam Airlines Posted: 04 Nov 2014 06:58 PM PST Several organizations look to become strategic investors in Vietnam Airlines Corporation (VNA) when the national flag carrier launches its initial public offering (IPO) on November 14, top executives said. Two investors have emerged as strong candidates, VNA leaders said at a meeting held in HCMC on October 30 to introduce the IPO. At the event, […] The post Several want strategic stakes in Vietnam Airlines appeared first on Vietnam Business News.

Phu Quoc Airport up for sale Posted: 04 Nov 2014 06:50 PM PST Phu Quoc Airport on the resort island of the same name is to be put up for sale so that the Airports Corporation of Vietnam (ACV) can raise funds for other airport projects, said the top executive of the corporation. In fact, the Ministry of Transport is considering transferring several airports to other investors, and […] The post Phu Quoc Airport up for sale appeared first on Vietnam Business News.

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