The Business Times: Illegal gold traders arrested

---

• Illegal gold traders arrested
• Central bank acts to curb local currency rise
• Banking sector to see major mergers in 2015
• Small banknotes come with exorbitant fees
• HCMC hotel room tariffs, occupancy decline
• Thailand’s Power Buy buys into retailer Nguyen Kim
• Vietnam courts more Indian investment
• Hanoi aims for 5 percent industrial growth in 2015
• Vietsovpetro forecasts another big year for 2015
• The nation plans for transport restructuring by 2020 

Illegal gold traders arrested Posted: 14 Jan 2015 05:37 PM PST Police have arrested owners of a Hanoi company operating a VND300bn (USD14.3m) underground gold trading floor after it failed to pay promised returns to investors. Hanoi Police Department”s hi-tech crimes division, working with the Public Security Ministry”s Hi-tech Criminal Prevention Department, raided Hanoi Golden Investment JSC (HGI) on January 13. It had taken investments of […] The post Illegal gold traders arrested appeared first on Vietnam Business News.

Central bank acts to curb local currency rise Posted: 14 Jan 2015 05:33 PM PST The central bank on January 12 quoted the U.S. dollar at a higher price in a move to prevent the Vietnam dong currency from appreciating as seen in the past few days. The central bank said on its website that it was buying the dollar at VND21,350 and selling it at VND21,600, up VND150 and […] The post Central bank acts to curb local currency rise appeared first on Vietnam Business News.

Banking sector to see major mergers in 2015 Posted: 14 Jan 2015 05:32 PM PST Vietnam's banking sector will step up restructuring measures in 2015, with the expected merging of several major banks. Vietnam's banking sector will step up restructuring measures in 2015, with the expected merging of several major banks, such as Vietcombank with Saigonbank, and PGBank with Vietinbank, building on a succession of mergers that have strengthened the […] The post Banking sector to see major mergers in 2015 appeared first on Vietnam Business News.

Small banknotes come with exorbitant fees Posted: 14 Jan 2015 05:32 PM PST The rising demand for small changes to donate to temples or give out as lucky money during Tet has created a boost in unregulated currency exchange services. The providers often operate near temples or relic sites. Currency exchange services can be found anywhere along the way from the parking lot to Ba Chua Kho Temple […] The post Small banknotes come with exorbitant fees appeared first on Vietnam Business News.

HCMC hotel room tariffs, occupancy decline Posted: 14 Jan 2015 05:30 PM PST Hotels in HCMC, especially those in the four- and five-star segments, had a tough 2014 when they had to lower tariffs to attract guests and offset dropping room occupancy rates. Hoteliers told the Daily that most hotels of four- to five-star ratings here in the city had to reduce tariffs by at least US$8-10 per […] The post HCMC hotel room tariffs, occupancy decline appeared first on Vietnam Business News.

Thailand’s Power Buy buys into retailer Nguyen Kim Posted: 14 Jan 2015 05:29 PM PST Power Buy, an arm of Thailand's Central Group, has acquired a 49% stake of Nguyen Kim Trading Joint Stock Company. A source from Central Group told the Daily that the leading electronics firm in Thailand has invested in Nguyen Kim Trading Joint Stock Co., which has one of the biggest home appliances store chains in […] The post Thailand's Power Buy buys into retailer Nguyen Kim appeared first on Vietnam Business News.

Vietnam courts more Indian investment Posted: 14 Jan 2015 05:26 PM PST Vietnam Ambassador to India Ton Sinh Thanh welcomed hundreds of delegates operating in a wide cross section of industries to a seminar on January 11-13 in Gujarat state on the topic of doing business in Vietnam. Over the past few years, the annual two-way trade turnover between the two nations has jumped on average 10% […] The post Vietnam courts more Indian investment appeared first on Vietnam Business News.

Hanoi aims for 5 percent industrial growth in 2015 Posted: 14 Jan 2015 05:25 PM PST Hanoi will work towards industry sector recovery in 2015 with 5 percent growth, stated Vice Director of the municipal Department for Industry and Trade Tran Thi Phuong Lan. Value added to the sector in 2014 is projected to rise about 8.4 percent, Lan said at a conference to launch the 2015 sector strategy on January […] The post Hanoi aims for 5 percent industrial growth in 2015 appeared first on Vietnam Business News.

Vietsovpetro forecasts another big year for 2015 Posted: 14 Jan 2015 05:24 PM PST The Vietnamese-Russian joint venture Vietsovpetro targets production of 5.1 million tonnes of crude oil in 2015, grossing revenue of US$3.9 billion –  contributing US$3.9 billion to the state budget. Earnings for Vietnam are forecast at US$359 million while the Russian side profits are predicted at US$345 million. Tu Thanh Nghia, Vietsovpetro General Director said to fulfil the […] The post Vietsovpetro forecasts another big year for 2015 appeared first on Vietnam Business News.

The nation plans for transport restructuring by 2020  Posted: 14 Jan 2015 05:23 PM PST Vietnam aims to build 2,000 km of highways by 2020 under a transport restructuring project adopted by Prime Minister Nguyen Tan Dung. Land for urban traffic will comprise 16-26% with priority given to public transport, principally in Hanoi and Ho Chi Minh City while the transport of goods and passengers on road will comprise a […] The post The nation plans for transport restructuring by 2020  appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States