The Business Times: Vingroup Chair’s family still the richest in Vietnam in 2014

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• Vingroup Chair’s family still the richest in Vietnam in 2014
• Vietnam needs to develop a national rice brand
• Real estate piques foreign interest
• SBV unexpectedly devalues dong by 1%, businesses remain calm
• Vietnam’s retail sales climb in 2014
• Foreign banks look local for CEOs
• Cheap foreign goods to flood Vietnam market
• 27 securities companies shut up shop in 2014

Vingroup Chair’s family still the richest in Vietnam in 2014 Posted: 11 Jan 2015 06:04 PM PST The boss of Vingroup Mr. Pham Nhat Vuong, his wife and his brothers and sisters still held the position of the richest family in Vietnam in 2014 with stock value of up to $1.24 billion. On the list of the 30 richest families on the stock market in 2014, released by VNE and VnDirect yesterday, […] The post Vingroup Chair's family still the richest in Vietnam in 2014 appeared first on Vietnam Business News.

Vietnam needs to develop a national rice brand Posted: 11 Jan 2015 06:04 PM PST Vietnam was the world's second-largest rice exporter in the world in 2014, but it is in urgent need of investment to develop a national brand to increase the value of its rice harvests. In recent years, the Mekong Delta region has spared no effort to attract investment in the field of rice production. Numerous international […] The post Vietnam needs to develop a national rice brand appeared first on Vietnam Business News.

Real estate piques foreign interest Posted: 11 Jan 2015 06:03 PM PST Foreign developers and investors continue to show interest in Vietnamese real estate. According to Limitless CEO Mohammed Bin Dhabeah, investor in a $550 million hotel complex in Quang Ninh province, favourable location, young population  and commitment to providing an attractive business environment for foreign investors is what makes Vietnam an attractive destination for real estate […] The post Real estate piques foreign interest appeared first on Vietnam Business News.

SBV unexpectedly devalues dong by 1%, businesses remain calm Posted: 11 Jan 2015 06:03 PM PST The State Bank of Vietnam (SBV) unexpectedly devalued the dong by one percent starting on January 7, 2015. It will now have the right to devalue the dong again by only one percent within the year. The decision on adjusting the dong/dollar exchange rate was released in late afternoon of January 6, after many workers […] The post SBV unexpectedly devalues dong by 1%, businesses remain calm appeared first on Vietnam Business News.

Vietnam’s retail sales climb in 2014 Posted: 11 Jan 2015 06:02 PM PST Vietnam’s total value of retail sales for goods and services in 2014 increased approximately by 10.6 percent when compared to last year, according to the General Statistics Office (GSO). Currently, this value is 2,945.2 trillion VND (138.372 billion USD). If the inflation is excluded, then the value rose by 6.3 percent, higher than the 5.5 […] The post Vietnam’s retail sales climb in 2014 appeared first on Vietnam Business News.

Foreign banks look local for CEOs Posted: 11 Jan 2015 06:01 PM PST While local banks may prefer a foreign CEO, some foreign banks are now eyeing Vietnamese CEOs. Pham Hong Hai has been appointed the new CEO of HSBC Bank (Vietnam) Ltd., after being approved from the State Bank of Vietnam (SBV) and the HSBC Group. Hai has replaced Sumit Dutta, HSBC's former CEO in Vietnam who […] The post Foreign banks look local for CEOs appeared first on Vietnam Business News.

Cheap foreign goods to flood Vietnam market Posted: 11 Jan 2015 05:33 PM PST Thousands of items of goods from Southeast Asian countries are no longer subject to import duties from January 1, 2015, as part of Vietnam's commitment under the ASEAN Trade in Goods Agreement (ATIGA) from 2015 to 2018. According to the special import tariffs issued by the Ministry of Finance in Circular 165/2014 (effective 1/1/2015), there […] The post Cheap foreign goods to flood Vietnam market appeared first on Vietnam Business News.

27 securities companies shut up shop in 2014 Posted: 11 Jan 2015 05:33 PM PST The number of securities companies in Viet Nam reduced by more than 20 per cent in 2014, announced the State Securities Commission of Viet Nam (SSC). Last year, SSC carried out 22 investigations of the local companies, which revealed that 27 companies had stopped operations as they were not qualified to operate. Currently, there are […] The post 27 securities companies shut up shop in 2014 appeared first on Vietnam Business News.

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