The Business Times: US investment fund to inject US$300 mil into Vietnam

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• US investment fund to inject US$300 mil into Vietnam
• Vietnam seafood has ‘banner’ year
• E-commerce – inevitable and vital for retail industry
• Vietnam’s biggest card service unions to be merged
• Fuel price cuts continue dragging CPI down
• Vietnam trade deficit with Thailand widens as imports climb
• LaoVietBank breaks ground on northern Lao branch
• Vietnam Airlines launches new terminal at Noi Bai Int’l
• Deputy PM: Import tariff cut under FTAs commitment

US investment fund to inject US$300 mil into Vietnam Posted: 25 Dec 2014 06:10 PM PST The IWCC Co, Ltd and Premier United Investment Fund from the US signed a strategic partnership contract in Ho Chi Minh City on December 22 to inject investment capital into Vietnamese businesses in the coming time. The move is seen as a step forward strengthening bilateral cooperation and opening up opportunities for foreign investors who […] The post US investment fund to inject US$300 mil into Vietnam appeared first on Vietnam Business News.

Vietnam seafood has ‘banner’ year Posted: 25 Dec 2014 06:09 PM PST Vietnam's seafood exports increased 18% on-year to US$7.9 billion for the 12 months leading up to 2015, according to the Ministry of Agriculture and Rural Development (MARD), buoyed by record high shrimp exports to the US market. Shrimp exports alone for the year appreciated 25% on-year overall to an all time record high of US$4.1 […] The post Vietnam seafood has 'banner' year appeared first on Vietnam Business News.

E-commerce – inevitable and vital for retail industry Posted: 25 Dec 2014 06:02 PM PST E-commerce is both very new and indispensable at the same time. Since it first started gaining traction in the 1990s nearly every brick and mortar business in developed countries have developed an online sales strategy. However, many retailers with physical shops in Vietnam have either not implemented or fully tapped into it either in terms […] The post E-commerce – inevitable and vital for retail industry appeared first on Vietnam Business News.

Vietnam’s biggest card service unions to be merged Posted: 25 Dec 2014 05:58 PM PST The two largest card networks in Vietnam – Vietnam National Financial Switching Joint Stock Co. (Banknetvn) and Smartlink Card Services Joint Stock Company (Smartlink) – will be merged under a decision signed by Prime Minister Nguyen Tan Dung on December 22. Under the plan, on December 30, Banknetvn and Smartlink will sign a merger contract […] The post Vietnam's biggest card service unions to be merged appeared first on Vietnam Business News.

Fuel price cuts continue dragging CPI down Posted: 25 Dec 2014 05:55 PM PST The December consumer price index (CPI) fell by 0.24% from the previous month, bringing the CPI growth for the entire year down to only 1.84%, said the General Statistics Office (GSO). The December drop is attributed to petroleum price cuts on November 22 and December 6 which lowered transport costs by 3.09%, said Director of […] The post Fuel price cuts continue dragging CPI down appeared first on Vietnam Business News.

Vietnam trade deficit with Thailand widens as imports climb Posted: 25 Dec 2014 05:55 PM PST Vietnam's trade deficit with Thailand broadened by US$3.50 billion in the 10 months leading up to November as the country's imports continued to outpace exports, according to the most recent statistics from Vietnam Customs. Vietnam's imports for the 10 month period jumped 12.2% on-year to US$6.44 billion outpacing exports which grew just 10.5% on-year to […] The post Vietnam trade deficit with Thailand widens as imports climb appeared first on Vietnam Business News.

LaoVietBank breaks ground on northern Lao branch Posted: 25 Dec 2014 05:47 PM PST The Laos-Vietnam Joint Venture Bank (LaoVietBank) has broken ground on a five-storey US$4.65 million branch bank in Phonsavan commune in Xieng Khouang province in northern Laos. The Director General of the Laos-Vietnam Joint Venture Bank joined with other executives from the bank and government officials on December 25 for a groundbreaking ceremony at the vacant […] The post LaoVietBank breaks ground on northern Lao branch appeared first on Vietnam Business News.

Vietnam Airlines launches new terminal at Noi Bai Int’l Posted: 25 Dec 2014 05:42 PM PST National Flag Carrier, Vietnam Airlines, launched a new – Terminal 2 – at the Noi Bai International Airport with the first flight to Singapore having departed December 25 at 10:45 with some 167 passengers on board. The new Terminal 2 has 48 check-in counters located at the G and H islands with plans to expand […] The post Vietnam Airlines launches new terminal at Noi Bai Int'l appeared first on Vietnam Business News.

Deputy PM: Import tariff cut under FTAs commitment Posted: 25 Dec 2014 01:56 PM PST Ministries, sectors, and localities need to seriously realise the country's commitment to import tax reduction as agreed in signed Free Trade Agreements (FTAs) in the 2015-2018 period. The request was recently made by Deputy Prime Minister Vu Van Ninh as suggested by the Ministry of Finance (MoF). The leader asked the ministries, agencies, and localities […] The post Deputy PM: Import tariff cut under FTAs commitment appeared first on Vietnam Business News.

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