The Business Times: Investors resume interest in Vietnam seaports

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• Investors resume interest in Vietnam seaports
• SBV aims to get bad debts to below 3%
• Samsung asks PM for tax exemption
• Carmakers: HCM City’s quota proposal against auto strategy
• Banks to change hands in 2015
• Public condemns Malaysian retailer for shutting down Parkson Landmark
• Steel sector requests Gov’t help as it faces another difficult year
• Vietnam Airlines’ pilots demand pay rise
• Indonesian company invests $40 million in Vietnam’s food industry

Investors resume interest in Vietnam seaports Posted: 13 Jan 2015 07:18 PM PST Investors are showing their interest again in seaports, as shown by purchase of shares at recent IPO of Nghe Tinh Port. Nearly 3.9 million shares sold on the last day of 2014, which was regarded as a big surprise even to the seller, the Vietnam Shipping Lines Corporation (Vinalines). Up to 47 investors registered to […] The post Investors resume interest in Vietnam seaports appeared first on Vietnam Business News.

SBV aims to get bad debts to below 3% Posted: 13 Jan 2015 07:15 PM PST The Vietnamese government is determined to bring total bad debts down to 3 per cent in 2015, well below last year's 5.43 per cent. Toward this end the government issued Resolution No.01 outlining tasks and solutions to implement the plan for socio-economic development and the state budget in 2015. The plan's primary objective is resolving […] The post SBV aims to get bad debts to below 3% appeared first on Vietnam Business News.

Samsung asks PM for tax exemption Posted: 13 Jan 2015 07:15 PM PST Samsung Electronics CE Complex JSC has submitted a proposal to the Prime Minister, relevant ministries and departments, seeking preferential treatment for its Samsung CE Complex project. As Dat Viet news website reports, the South Korean business giant’s member company has sought to be exempted from paying taxes on imported construction material. It also requested for […] The post Samsung asks PM for tax exemption appeared first on Vietnam Business News.

Carmakers: HCM City’s quota proposal against auto strategy Posted: 13 Jan 2015 07:14 PM PST Automobile manufacturers said a new proposal by the HCMC Department of Transport to restrict private car ownership goes against the Government's strategy to develop the automobile industry into a strong one. In July, the Government approved the automobile sector development strategy until 2025 with a vision toward 2035, with cars of no more than nine […] The post Carmakers: HCM City's quota proposal against auto strategy appeared first on Vietnam Business News.

Banks to change hands in 2015 Posted: 13 Jan 2015 07:09 PM PST The second phase of the bank restructuring process initiated by the State Bank is likely to start in 2015, and merger and acquisition (M&A) plans are also expected to finally occur this year. Vietcombank and Sacombank-Southern Bank are expected to activate the bank M&A wave in 2015, analysts say. Vietcombank on December 26 unexpectedly announced […] The post Banks to change hands in 2015 appeared first on Vietnam Business News.

Public condemns Malaysian retailer for shutting down Parkson Landmark Posted: 13 Jan 2015 07:08 PM PST The decision by Parkson to close Parkson Landmark, one of its nine shopping malls in Vietnam, has alarmed and angered the public. The Malaysian group on January 2, 2015 suddenly told Vietnamese retailers to pack their goods and leave the shopping mall within 24 hours. The notice at the entrance door to Parkson Landmark said […] The post Public condemns Malaysian retailer for shutting down Parkson Landmark appeared first on Vietnam Business News.

Steel sector requests Gov’t help as it faces another difficult year Posted: 13 Jan 2015 07:06 PM PST The steel sector has sought Government support to overcome the challenges it expects to encounter this year, owing to supply exceeding demand and the growing pressure exerted by steel imports. According to the Viet Nam Steel Association, the total production capacity of the steel sector is estimated to touch 22 million tonnes, nearly double the […] The post Steel sector requests Gov’t help as it faces another difficult year appeared first on Vietnam Business News.

Vietnam Airlines’ pilots demand pay rise Posted: 13 Jan 2015 07:01 PM PST More than 100 employees of Vietnam Airlines (VNA) have sought leave from the national carrier, prior to a go-slow strike demanding better payment, but their demand has not been accepted. The incident occurred after 117 pilots filed for sick leave during the upcoming Lunar New Year holiday, while more than 30 pilots from the Airbus […] The post Vietnam Airlines’ pilots demand pay rise appeared first on Vietnam Business News.

Indonesian company invests $40 million in Vietnam’s food industry Posted: 13 Jan 2015 03:17 PM PST Indonesian food manufacturer – Tiga Pilar Sejahtera Food (Aisa) – plans to spend $80 million to expand business in Vietnam and Malaysia this year. In the Jakarta Post, Mr. Sjambiri Lioe – Chief Financial Officer of AISA – said his company plans to split the amount between the two countries. “We want to buy 90-100% […] The post Indonesian company invests $40 million in Vietnam's food industry appeared first on Vietnam Business News.

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