The Business Times: NA Agrees to Raise GDP Growth Rate to 6.2% in 2015

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• NA Agrees to Raise GDP Growth Rate to 6.2% in 2015
• Nov 11: VN-Index Rebounds, Led by GAS
• How will Vietnam cope with falling oil prices?
• Samsung invests $3 billion more in Vietnam
• EVN divests from non-core businesses
• Returning trade deficit raises concerns
• FDI firms want barriers removed
• Vinalines’ US$19-million debt sold
• Consumer Price Index to Increase in November

NA Agrees to Raise GDP Growth Rate to 6.2% in 2015 Posted: 11 Nov 2014 05:36 PM PST 89.54% of the National Assembly deputies voted to approve a resolution on next year's socio-economic development which aims to obtain a higher economic growth rate than in 2014. The resolution sets the GDP growth rate at 6.2%, the CPI at 5%, the poverty reduction rate between 1.7% and 2%, and job generation for 1.6 million […] The post NA Agrees to Raise GDP Growth Rate to 6.2% in 2015 appeared first on Vietnam Business News.

Nov 11: VN-Index Rebounds, Led by GAS Posted: 11 Nov 2014 05:35 PM PST The Hochiminh Stock Exchange bounced back on Tuesday, sending the market benchmark VN-Index to a four-week low, as blue-chips advanced although losers outnumbered gainers. Blue-chips led the market upturn, a stock analyst in Hanoi said. PetroVietnam Gas Corporation (GAS), the largest gas company in Vietnam, rose 3% to VND107,000 after it reported exceeding annual profit […] The post Nov 11: VN-Index Rebounds, Led by GAS appeared first on Vietnam Business News.

How will Vietnam cope with falling oil prices? Posted: 11 Nov 2014 05:33 PM PST While the Ministry of Industry and Trade (MOIT) is considering possible measures to cope with sharp falls in oil prices on the world market, the government does not plan to adjust the state budget collection plan. MOIT Minister Vu Huy Hoang told the local press on the sidelines of the ongoing National Assembly session that […] The post How will Vietnam cope with falling oil prices? appeared first on Vietnam Business News.

Samsung invests $3 billion more in Vietnam Posted: 11 Nov 2014 05:31 PM PST With a new $3 billion project, Samsung's total investment capital in Vietnam has reached US$11.2 billion, becoming the largest foreign investor in the country. Today, November 11, the authorities of Thai Nguyen province will grant an investment certificate for Samsung Electronics Vietnam Thai Nguyen Co., (SEVT), to build a new mobile phone factory, besides the […] The post Samsung invests $3 billion more in Vietnam appeared first on Vietnam Business News.

EVN divests from non-core businesses Posted: 11 Nov 2014 05:30 PM PST The Electricity of Viet Nam (EVN) will auction 62.5 million shares of EVN Finance Joint Stock Company, or 25 per cent of its stakes, on the Ha Noi Stock Exchange next month, the exchange announced on the website. The opening price is set at VND10,100 (US48 cents) a share. EVN is expected to collect more […] The post EVN divests from non-core businesses appeared first on Vietnam Business News.

Returning trade deficit raises concerns Posted: 11 Nov 2014 05:27 PM PST After eight months of a trade surplus, Vietnam saw an excess of imports over exports again in September and October, due to a high volume of luxury imports. The $1.7 billion trade surplus, equal to 1.8 percent of export turnover, in the first eight months of the year was described as a "great achievement", but […] The post Returning trade deficit raises concerns appeared first on Vietnam Business News.

FDI firms want barriers removed Posted: 11 Nov 2014 05:27 PM PST Barriers to increased foreign direct investment (FDI) were discussed at a dialogue between this central city’s leadership and FDI enterprises last week. The dialogue was an opportunity for FDI enterprises and city authorities to share experiences and opinions on how to dismantle obstructions in investment policy and reform administrative procedures and other requirements that limit […] The post FDI firms want barriers removed appeared first on Vietnam Business News.

Vinalines’ US$19-million debt sold Posted: 11 Nov 2014 04:30 PM PST Vietcombank has become the first credit institution in the country to sell a US$19-million debt of Vietnam National Shipping Lines, or Vinalines, to Vietnam Debt and Asset Trading Corporation (DATC). Vietcombank once rescheduled this loan, which is due this year, but Vinalines still failed to pay. DATC did not disclose the discounted value of the […] The post Vinalines' US$19-million debt sold appeared first on Vietnam Business News.

Consumer Price Index to Increase in November Posted: 11 Nov 2014 03:36 PM PST Vietnam's consumer price index (CPI) in November 2014 is expected to rise over that of previous months because of an increase in demand for goods. According to the Ministry of Industry and Trade’s Domestic Market Department, the demand for products such as fertilizers and construction materials, as well as garments, textiles and shoes, will increased […] The post Consumer Price Index to Increase in November appeared first on Vietnam Business News.

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