Wednesday, November 5, 2014

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

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

Link to Vietnam Business News

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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