The Business Times: Vietnam vies with Myanmar and Indonesia for foreign hi-tech investment

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• Vietnam vies with Myanmar and Indonesia for foreign hi-tech investment
• Property rule hurts firms, buyers
• Retail premises unable to find customers, leases for free
• Dong-U.S. dollar exchange rate stabilized
• ANZ: Vietnam oil consumption growth fastest in region
• City urged to find proper growth driver
• NFSC puts CPI at 3% this year
• Number of registered bikes exceeds 2020 vision
• HAGL, Vissan unveil new Aussie beef
• Pan Pacific’s subsidiaries own 24% of Bibica

Vietnam vies with Myanmar and Indonesia for foreign hi-tech investment Posted: 09 Feb 2015 12:05 AM PST Multinational technology groups are restructuring their production strategies, giving Vietnam a reason to hope that it would be their next destination. But Myanmar and Indonesia, which also have low labour costs, are scrambling to attract the same investors as well. According to PingWest, a technology news website, Microsoft is continuing to restructure and will shut […] The post Vietnam vies with Myanmar and Indonesia for foreign hi-tech investment appeared first on Vietnam Business News.

Property rule hurts firms, buyers Posted: 09 Feb 2015 12:04 AM PST The new regulation making it mandatory for property developers to make deposits is hurting both enterprises and home-buyers, as it is expected to be eventually absorbed into the selling price. Le Hoang Chau, chairman of the HCM City Real Estate Association (HoREA), made the remark at a conference to review the real-estate market, which was […] The post Property rule hurts firms, buyers appeared first on Vietnam Business News.

Retail premises unable to find customers, leases for free Posted: 09 Feb 2015 12:03 AM PST A property developer has decided to lease retail premises for free to help establish the "world of Vietnamese goods". Hoa Binh Company announced that it has reserved 25,000 square meters of retail premises at Hoa Binh Green City, a shopping mall on Minh Khai Street in Hanoi, to lease to Vietnamese businesses for free. The […] The post Retail premises unable to find customers, leases for free appeared first on Vietnam Business News.

Dong-U.S. dollar exchange rate stabilized Posted: 08 Feb 2015 11:58 PM PST The exchange rate between the U.S. dollar and Vietnam dong has become stable since the middle of January and has stayed lower than the ceiling set by the central bank. Vietcombank on February 5 quoted the dollar selling price at VND21,375, up VND10 compared to January 30 but VND5 lower than on January 29. Meanwhile, […] The post Dong-U.S. dollar exchange rate stabilized appeared first on Vietnam Business News.

ANZ: Vietnam oil consumption growth fastest in region Posted: 08 Feb 2015 11:58 PM PST Vietnam's oil consumption growth is the fastest in the region, overtaking China and rising by 7.5% annually over the last 20 years, according to ANZ Bank. The bank said in a report released on Tuesday that this dynamic has contributed to switching Vietnam to a net oil consumer since 2010 from a net oil producer. […] The post ANZ: Vietnam oil consumption growth fastest in region appeared first on Vietnam Business News.

City urged to find proper growth driver Posted: 08 Feb 2015 11:58 PM PST HCMC needs to identify a proper driver for future growth as it now cannot compete with cities in the region, heard a seminar yesterday. Speaking at the seminar on the city's economic restructuring in 2013-2020 held by the HCMC Institute for Development Studies, economic expert Huynh The Du said he is conducting a study on […] The post City urged to find proper growth driver appeared first on Vietnam Business News.

NFSC puts CPI at 3% this year Posted: 08 Feb 2015 11:56 PM PST The National Financial Supervisory Commission (NFSC) has projected Vietnam's consumer price index (CPI) at around 3% and gross domestic product (GDP) growth at 6.2% this year. The commission's projections are the same as the Government's GDP growth target but lower in terms of inflation. At a meeting in late January, the Prime Minister told ministries […] The post NFSC puts CPI at 3% this year appeared first on Vietnam Business News.

Number of registered bikes exceeds 2020 vision Posted: 08 Feb 2015 11:55 PM PST The number of registered motorcycles had surpassed 43 million as of last December, around seven million units higher than the figure envisioned in the master zoning plan for the sector until 2020. The number was unveiled at the signing ceremony for a cooperation agreement on traffic safety between the Vietnam Association of Motorcycle Manufacturers (VAMM) […] The post Number of registered bikes exceeds 2020 vision appeared first on Vietnam Business News.

HAGL, Vissan unveil new Aussie beef Posted: 08 Feb 2015 11:53 PM PST Food processing firm Vissan, a subsidiary of Saigon Trading Group (Satra), on February 5 introduced beef slaughtered from Australian cows bred by Hoang Anh Gia Lai (HAGL) Joint Stock Company in line with their cooperation deal. Vissan plans to retail beef from 2,000 cows supplied by HAGL between now and the week-long Lunar New Year […] The post HAGL, Vissan unveil new Aussie beef appeared first on Vietnam Business News.

Pan Pacific’s subsidiaries own 24% of Bibica Posted: 08 Feb 2015 06:59 PM PST Pan Pacific Corporation (PAN) said on February 4 that its subsidiaries now hold a 24.58% stake at the local big confessionary producer Bibica Corporation (BBC). Bibica is 3.45% and 21.13% owned by Ben Tre Aquaproduct Import and Export Company (ABT) and PAN Food Company (Pan Food) respectively. Transactions were completed earlier this month with ABT […] The post Pan Pacific's subsidiaries own 24% of Bibica appeared first on Vietnam Business News.

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