Friday, January 16, 2015

The Business Times: Dong depreciation increases Vietnam’s foreign debt

The Business Times: Dong depreciation increases Vietnam’s foreign debt

Link to Vietnam Business News

Dong depreciation increases Vietnam’s foreign debt

Posted: 15 Jan 2015 05:28 PM PST

The latest decision by the State Bank of Vietnam (SBV) will put pressure on Vietnam's foreign debt payments in 2015, analysts have said. The latest report by the Ministry of Finance showed that the public debt had reached VND2.395.488 trillion by December 31, 2014, equal to 60.3 percent of GDP. Of this, foreign debts are […]

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Good year for economic revival

Posted: 15 Jan 2015 05:27 PM PST

Progress made in 2014 can be the foundation for a robust economic recovery in 2015, Vuong Dinh Hue, Chairman of the Central Economic Commission, tells Nong thon ngay nay (Countryside Today). What were the economic bright spots for us in 2014? There were three bright spots. Our macro-economy remained stable and developed steadily while inflation […]

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Vietinbank to list SBV shares on HCM City stock exchange

Posted: 15 Jan 2015 05:27 PM PST

The Viet Nam Bank for Industry and Trade (VietinBank) will list all shares owned by the State Bank of Viet Nam (SBV) on the HCM City Stock Exchange soon. VietinBank General Director Le Duc Tho announced the plan in an online statement on Tuesday. He notified the State Securities Commission and the exchange in dispatches […]

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Local fertiliser firms concerned about international competition

Posted: 15 Jan 2015 05:26 PM PST

Viet Nam National Chemicals Group’s deputy director Bui The Chuyen told Nong thon ngay nay (Countryside Today) newspaper about how a new value-added tax on fertiliser could hurt farmers and local firms. Fertiliser production firms have had opposite opinions about the new exemption on value-added taxes (VAT) for fertiliser, which will take effect in 2015. […]

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Vietnam’s reliance on imports in agriculture leaves less profit for farmers

Posted: 15 Jan 2015 05:25 PM PST

Vietnam had a bumper 2014 with bountiful crops and high farm produce export prices, but farmers believe there is nothing to be happy about. Analysts noted that though the production value and export turnover were high, the money farmers could pocket was modest. The problem lies in the fact that Vietnam had to import many […]

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How many MobiFone shares can investors own?

Posted: 15 Jan 2015 05:25 PM PST

The privatization of MobiFone Telecommunications Corporation this year is extremely attractive to both domestic and foreign investors. In late 2014, Minister of Information and Communications Nguyen Bac Son said that the Ministry would submit to the Government MobiFone's equitization plan and this plan would be implemented in 2015. The year 2014 marked a new development […]

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HCM City’s proposed restriction on cars worries auto manufacturers

Posted: 15 Jan 2015 05:24 PM PST

HCM City is considering applying a quota scheme for private car ownership, which could affect car sales. The HCM City Transport Department has proposed restricting the number of private cars in circulation with the aim of promoting and developing public means of transport. Under the plan drafted by the department, only a certain number of […]

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