The Business Times: ANZ economists raise Viet Nam’s GDP forecast

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• ANZ economists raise Viet Nam’s GDP forecast
• Trade deficit with China on the rise
• Markets improve as blue chips recover
• Vietnam eyes agricultural support from Japan
• Officials say price transparency needed
• Law offers real estate breakthrough
• Report revises 2014 FDI figures
• European enterprises promote trade in HCM City
• Food safety – number one consumer complaint
• Jetstar Pacific wants to buy Danang airport terminal

ANZ economists raise Viet Nam’s GDP forecast Posted: 17 Mar 2015 09:36 PM PDT ANZ Bank upped its annual gross domestic product (GDP) growth rate target for Viet Nam to 6.5 per, for both 2015 and 2016, from 6.2 and 6.4 per cent, respectively. In a report dated March 13, ANZ economists for ASEAN and the Pacific, Glenn Maguire and Eugenia Victorino, said support from external demand continues to […] The post ANZ economists raise Viet Nam’s GDP forecast appeared first on Vietnam Business News.

Trade deficit with China on the rise Posted: 17 Mar 2015 09:34 PM PDT Viet Nam’s trade deficit with China has continued to widen over the past two months, a recent report of the Ministry of Industry and Trade revealed. According to the report, Viet Nam exported US$997 million worth of goods to China in February, bringing its total export value to the market in two months to $2.31 […] The post Trade deficit with China on the rise appeared first on Vietnam Business News.

Markets improve as blue chips recover Posted: 17 Mar 2015 09:24 PM PDT On the HCM Stock Exchange, the VN-Index regained 0.4 per cent to close at 583.10 points, and the VN30, which tracks the top 30 shares by market value and liquidity, rose 0.28 per cent to stand at 612.36. The slow market growth was attributed to modest increases of large-cap shares. Vietcombank (VCB), Bao Viet Holdings […] The post Markets improve as blue chips recover appeared first on Vietnam Business News.

Vietnam eyes agricultural support from Japan Posted: 17 Mar 2015 09:20 PM PDT A seminar will be held on March 23-24 in Lam Dong Province to strengthen investment cooperation in the agricultural sector between Japanese and local businesses. The seminar held by the Japan International Cooperation Agency in collaboration with the Japan External Trade Organisation, Bank of Tokyo-Mitsubishi UFJ and Lam Dong Province People’s Committee will be an […] The post Vietnam eyes agricultural support from Japan appeared first on Vietnam Business News.

Officials say price transparency needed Posted: 17 Mar 2015 09:19 PM PDT Officials agreed on March 16 that they need to do more to ensure commodity prices operate on market mechanisms with greater transparency, even as national utility Electricity of Vietnam (EVN) was roundly criticised for opacity in its price calculations. In an online conference organised on the issue by chinhphu.vn, officials from the ministries of Finance […] The post Officials say price transparency needed appeared first on Vietnam Business News.

Law offers real estate breakthrough Posted: 17 Mar 2015 09:18 PM PDT The recent resurgence in the country's residential real estate segment has partially been attributed to the changes in legislation that are set to take effect from July 2015 according to industry insiders. Jonathan Tizzard, national head of valuation & research from Cushman & Wakefield  Vietnam expressed his positivity about the changes. "This will mean foreign […] The post Law offers real estate breakthrough appeared first on Vietnam Business News.

Report revises 2014 FDI figures Posted: 17 Mar 2015 09:17 PM PDT Foreign direct investment (FDI) in the country decreased by 1.9% on the year to US$21.92 billion in 2014, according to the Foreign Investment Agency’s revised report. Earlier in December, the agency announced that the country had attracted US$20.23 billion in FDI for the year, down 6.5%. But the newer figure, calculated as of December 15, […] The post Report revises 2014 FDI figures appeared first on Vietnam Business News.

European enterprises promote trade in HCM City Posted: 17 Mar 2015 09:16 PM PDT A number of trade promoting programmes to elevate business activities between Ho Chi Minh City and a delegation of European enterprises opened in the southern city on March 17. The events were organised by the European Union Business Avenues Organisation and the HCM City branch of the Vietnam Chamber of Commerce and Industry (VCCI). According […] The post European enterprises promote trade in HCM City appeared first on Vietnam Business News.

Food safety – number one consumer complaint Posted: 17 Mar 2015 09:16 PM PDT A report by the Institute for Studies of Society, Economy and Environment made public at a recent consumer rights conference in Hanoi found that the number one customer complaint is still food safety. Speakers at the conference said that despite the relatively high public profile of opinions and legislative action on the issue, there is […] The post Food safety – number one consumer complaint appeared first on Vietnam Business News.

Jetstar Pacific wants to buy Danang airport terminal Posted: 17 Mar 2015 07:59 PM PDT Danang airport has proven attractive to local investors with Jetstar Pacific Airlines having written to the Ministry of Transport seeking to buy the operation rights to the old passenger terminal at the international airport for 20-50 years for low-cost services. The no-frills carrier said selling the terminal operation rights to it would encourage other low-cost […] The post Jetstar Pacific wants to buy Danang airport terminal appeared first on Vietnam Business News.

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