The Business Times: VNR500 sees 41 businesses’ revenues surpassing 1 billion USD

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• VNR500 sees 41 businesses’ revenues surpassing 1 billion USD
• VNPT, MobiFone prepare for overseas investments
• Seven foreign pharmaceutical companies forced to stop their business
• ODA loans prioritized for Van Don EZ
• Investors flock to Vietnam as e-commerce market expands
• EVN, electricity prices and income per capita
• Local economy to remain unscathed by oil price plunge
• Vinalines wants to sell all State shares at Quang Ninh Port
• Jan 28: VN-Index Rallies to Two-month High, Led by Banks
• Vietnam on path to recovery

VNR500 sees 41 businesses’ revenues surpassing 1 billion USD Posted: 28 Jan 2015 11:00 PM PST As many as 41 local enterprises joined the "billion US dollar Club" for recording annual revenues of over 1 billion USD. They were listed among the country's 500 largest enterprises (VNR500) in 2014. According to the VNR500 2014, released by the Vietnam Report Joint Stock Company (Vietnam Report) on January 27, the top place was […] The post VNR500 sees 41 businesses' revenues surpassing 1 billion USD appeared first on Vietnam Business News.

VNPT, MobiFone prepare for overseas investments Posted: 28 Jan 2015 11:00 PM PST Along with Viettel, the Vietnam Post and Telecommunications Group (VNPT) and MobiFone plan to reach out to foreign markets. Viettel was the first telecom giant of Vietnam which invested abroad in 2006. To date, Viettel has been promoting investment in nine countries with a total of 175 million people. Viettel's networks are operating in six […] The post VNPT, MobiFone prepare for overseas investments appeared first on Vietnam Business News.

Seven foreign pharmaceutical companies forced to stop their business Posted: 28 Jan 2015 10:57 PM PST Seven foreign pharmaceutical firms' business registrations and drug importing licenses were suspended for 12 months starting January 2015 due  to violations in their drug registration dossiers, according to Nguyen Viet Hung, deputy director of the Drug Administration of Vietnam (DAV), reported by local newswires. Accordingly, the DAV will suspend the reception of drug import documents […] The post Seven foreign pharmaceutical companies forced to stop their business appeared first on Vietnam Business News.

ODA loans prioritized for Van Don EZ Posted: 28 Jan 2015 10:56 PM PST Prime Minister Nguyen Tan Dung has approved a special mechanism for Quang Ninh Province and its Van Don Economic Zone, with official development assistance (ODA) loans prioritized for some infrastructure projects there. Decision 2428/QD-TTg of the Prime Minister clarifies that as Van Don is one of 14 coastal EZs in the country, it will be […] The post ODA loans prioritized for Van Don EZ appeared first on Vietnam Business News.

Investors flock to Vietnam as e-commerce market expands Posted: 28 Jan 2015 10:55 PM PST Foreign-run online shops in the past have been less popular than Vietnamese-run ones, which understand local customers, but that trend is changing as more retailers invest in Vietnam. Last year, the German Rocket Internet announced a huge investment deal of $250 million in Lazada, and Rakuten, an online retail group from Japan, is reportedly considering […] The post Investors flock to Vietnam as e-commerce market expands appeared first on Vietnam Business News.

EVN, electricity prices and income per capita Posted: 28 Jan 2015 10:54 PM PST The electricity price in the country is scheduled to increase by 9.5 percent after Tet (February 2015) to VND1,652.19 per kwh, leaving questions about whether the price is appropriate.   Electricity of Vietnam (EVN), the only electricity retailer in the country, said the price was at a very low level. MPI Minister Bui Quang Vinh, […] The post EVN, electricity prices and income per capita appeared first on Vietnam Business News.

Local economy to remain unscathed by oil price plunge Posted: 28 Jan 2015 10:57 AM PST Minister of Planning and Investment Bui Quang Vinh has said tumbling global oil prices will leave no serious impact on Vietnam's economic growth and State budget collections this year. Vinh briefed reporters on the possible impact of diving oil prices on the country's economy after a meeting in Hanoi last week between the ministries of […] The post Local economy to remain unscathed by oil price plunge appeared first on Vietnam Business News.

Vinalines wants to sell all State shares at Quang Ninh Port Posted: 28 Jan 2015 09:55 AM PST Vietnam National Shipping Lines (Vinalines) is seeking to offload all State shares at Quang Ninh Port, which is valued at VND622 billion with State capital making up VND500 billion. Vinalines has come up with this share sale plan after it got the Government's nod to sell a maximum of 29.58% at Haiphong Port to Vietnam-Oman […] The post Vinalines wants to sell all State shares at Quang Ninh Port appeared first on Vietnam Business News.

Jan 28: VN-Index Rallies to Two-month High, Led by Banks Posted: 28 Jan 2015 09:01 AM PST Stocks on the Hochiminh Stock Exchange rebounded on Wednesday, sending the market benchmark VN-Index to a two-month high, as investors returned to buy local shares on growing confidence in the market outlook, led by banks. The strong gains of banks like BID, CTG, EIB, MBB and VCB led the local exchange to the high of […] The post Jan 28: VN-Index Rallies to Two-month High, Led by Banks appeared first on Vietnam Business News.

Vietnam on path to recovery Posted: 28 Jan 2015 05:41 AM PST Nation should stop sacrificing its growth rate for stabilising the economy, Tran Hoang Ngan with the National Advisory Council on Monetary and Financial Policies, tells Viet Nam Economic Times. 2014 was the first time in three years Viet Nam achieved its GDP goal. What are your comments on this success? In my opinion, it is […] The post Vietnam on path to recovery appeared first on Vietnam Business News.

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