The Business Times: Word Bank says will fund IT application in agriculture

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• Word Bank says will fund IT application in agriculture
• Bike market gets more hectic
• Patients still wait hours for medical exams
• SBV to fine banks for poor ATM services
• Vinamilk holds 50 percent share of liquid milk market
• The highest-earning jobs in Vietnam
• Vietnamese banks to apply Basel II governance standards
• State Bank inspectors discover bank fraud, but violations not publicised
• MOF proposes new incentives for major foreign investors
• Vietnam set to pay US$7 billion debt next year

Word Bank says will fund IT application in agriculture Posted: 02 Nov 2014 06:27 PM PST The World Bank (WB) will fund US$200-250 million to support the application of information technology (IT) in agricultural development of Vietnam, Victoria Kwakwa, Country Director of the WB in Vietnam, said on October 30. So far, the WB has funded around US$100 million for the IT application in Vietnam's agriculture, Kwakwa told the Daily on […] The post Word Bank says will fund IT application in agriculture appeared first on Vietnam Business News.

Bike market gets more hectic Posted: 02 Nov 2014 06:24 PM PST The local motorbike market is witnessing a fiercer competition as motorcycle producers vie for bigger share by launching new models. Yamaha Motor Vietnam (YMV) on Monday unveiled three new versions of Nouvo scooter including standard FI 2015, RC and GP with prices ranging from VND33.9 million to VND36 million a unit. YMV's survey showed that […] The post Bike market gets more hectic appeared first on Vietnam Business News.

Patients still wait hours for medical exams Posted: 02 Nov 2014 06:23 PM PST Patients still have to wait long, normally four to eight hours, for their turn to take medical checkups despite reduced administrative procedures, according to a survey of the city's health department. The survey took stock of the actual performance of public hospitals in HCMC that are reforming medical examination and treatment procedures. Earlier, many hospitals […] The post Patients still wait hours for medical exams appeared first on Vietnam Business News.

SBV to fine banks for poor ATM services Posted: 02 Nov 2014 06:15 PM PST The State Bank of Viet Nam (SBV) will be imposing penalties for the first time on banks offering poor quality Automated Teller Machines (ATM) service. Under the SBV’s Decree 96, which imposes administrative penalties on the banking sector, banks will be fined VND15 million (US$700) if their ATM machines run out of cash and fail […] The post SBV to fine banks for poor ATM services appeared first on Vietnam Business News.

Vinamilk holds 50 percent share of liquid milk market Posted: 02 Nov 2014 06:15 PM PST The Vietnam Dairy Products Joint Stock Co. (Vinamilk) is now the largest dairy producer in Vietnam, holding half of the liquid milk market share, according to the company's CEO Mai Kieu Lien. The company has just put into operation two more plants with a total investment of more than VND4,000 billion (US$185.8 million) in the […] The post Vinamilk holds 50 percent share of liquid milk market appeared first on Vietnam Business News.

The highest-earning jobs in Vietnam Posted: 02 Nov 2014 06:14 PM PST Banking officers and air stewardesses are believed to have some of the highest incomes in Vietnam. Becoming a banking officer is the dream of many people. VietNamNet has quoted a report from Adeco as showing that high salaries are offered to all posts in the banking sector. The monthly income of VND20-40 million is considered […] The post The highest-earning jobs in Vietnam appeared first on Vietnam Business News.

Vietnamese banks to apply Basel II governance standards Posted: 02 Nov 2014 06:12 PM PST Ten Vietnamese commercial banks, chosen by the State Bank of Vietnam, will be applying international bank management standards in accordance with Basel II governance standards. Analysts have said that it was a big challenge for Vietnamese banks because this would reveal the bank's weak points to the public, and therefore, put banks under pressure. However, […] The post Vietnamese banks to apply Basel II governance standards appeared first on Vietnam Business News.

State Bank inspectors discover bank fraud, but violations not publicised Posted: 02 Nov 2014 06:11 PM PST It is estimated that nearly 1,000 inspection tours to commercial banks are conducted every year. However, the majority of the inspectors' reports have never been made public. Ha Van Tham, a former chairman of the privately run Ocean Bank, was taken into custody late last week on suspicion for fraud in lending. Prior to that, […] The post State Bank inspectors discover bank fraud, but violations not publicised appeared first on Vietnam Business News.

MOF proposes new incentives for major foreign investors Posted: 02 Nov 2014 06:11 PM PST Foreign-invested projects capitalized at billions of dollars with expected revenue in the billions may enjoy unprecedented investment incentives if the Ministry of Finance's proposal is approved by the National Assembly. "High-technology enterprises" is a designation that could be a "priority card" for enterprises to enjoy tax incentives. According to the Ministry of Science and Technology, […] The post MOF proposes new incentives for major foreign investors appeared first on Vietnam Business News.

Vietnam set to pay US$7 billion debt next year Posted: 02 Nov 2014 06:10 PM PST Vietnam will have to spend VND150 trillion, or nearly US$7.1 billion, repaying for financial aid, short-term loans and domestic borrowings next year, according to Minister of Finance Dinh Tien Dung. Presenting a report on State budget estimates and allocations next year, Dung said the Government proposed a budget deficit of 5% of gross domestic product […] The post Vietnam set to pay US$7 billion debt next year appeared first on Vietnam Business News.

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