The Business Times: More remittances to fund property purchases

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• More remittances to fund property purchases
• Vietnamese consumer confidence “largely intact”: Economist
• PV Gas dominates Cambodian market
• SBV to develop cash-transporting service
• Viet Nam ranks 10th worldwide in remittances

More remittances to fund property purchases Posted: 19 Feb 2015 01:00 AM PST Viet Nam is expected to see rising remittances enter the property market, following the amended housing law that allows Viet Kieu (overseas Vietnamese) to own a house in the country. The amended law, which takes effect on July 1, 2015, will allow those Vietnamese people residing in foreign countries who are allowed to enter Viet […] The post More remittances to fund property purchases appeared first on Vietnam Business News.

Vietnamese consumer confidence “largely intact”: Economist Posted: 19 Feb 2015 12:59 AM PST Vietnamese consumers started 2015 with their confidence broadly unchanged after a tumultuous 2014, ANZ Bank Economist Glenn Maguire said in a recent report. According to the chief economist of the bank, in South Asia, ASEAN and the Pacific, the ANZ-Roy Morgan Vietnam Consumer Confidence index fell slightly to 135.4 in January, down 0.2 points from […] The post Vietnamese consumer confidence “largely intact”: Economist appeared first on Vietnam Business News.

PV Gas dominates Cambodian market Posted: 19 Feb 2015 12:59 AM PST PetroVietnam Gas Corporation (PV Gas) is the largest exporter in the Cambodian gas market, claiming more than half of the market share. Statistics from PV Gas showed that Cambodia mostly depends on imported liquefied petroleum gas (LPG), including the imports from Viet Nam. In the 2010-13 period, Cambodia imported 6,000 to 8,000 metric tonnes of […] The post PV Gas dominates Cambodian market appeared first on Vietnam Business News.

SBV to develop cash-transporting service Posted: 19 Feb 2015 12:58 AM PST The State Bank of Viet Nam will allow domestic commercial banks to start companies responsible for transporting cash to branches and transaction offices in order to reduce related expenses. According to the State Bank of Viet Nam, there were nearly 79 million bank accounts, 16,000 ATMs and 168,000 point-of-sale (POS) machines by the end of […] The post SBV to develop cash-transporting service appeared first on Vietnam Business News.

Viet Nam ranks 10th worldwide in remittances Posted: 18 Feb 2015 09:59 AM PST Viet Nam was among the top 10 countries in the world with the largest amount of remittances from abroad last year, with around US$12 billion, according to the Western Union company, which handles money transfers worldwide. Research results from the Central Institute for Economic Management (CIEM) revealed late last year that from 1991 to 2014 […] The post Viet Nam ranks 10th worldwide in remittances appeared first on Vietnam Business News.

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