The Business Times: FDI approvals up 170% in city

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• FDI approvals up 170% in city
• HSBC predicts further OMO rate cut soon
• PM: Improve business environment
• Foreign buying drives stocks up
• Tourism sector seeks to attract Indians
• Local firms still have room in electronics retail market
• Eight million local tourists travel at Tet
• Vietnam, Laos renew bilateral trade agreement
• Local firms boost fuel imports as global prices up
• Ministry wants condo sizes at social housing projects widened

FDI approvals up 170% in city Posted: 04 Mar 2015 09:50 AM PST While Vietnam's foreign direct investment (FDI) approvals dropped by 22.5% in the first two months of this year, new FDI pledges in HCMC surged 170.5% year-on-year. According to the HCMC Department of Planning and Investment, the city licensed 41 fresh projects with total capital of US$421.7 million in January-February, up 180% in value against a […] The post FDI approvals up 170% in city appeared first on Vietnam Business News.

HSBC predicts further OMO rate cut soon Posted: 04 Mar 2015 09:50 AM PST HSBC Bank said that there is room for another 50-basic-point cut in the open market operations (OMO) rate and that this could come this week as the headline consumer price index (CPI) is projected to stay below 1% until August. In a report released on March 3, the bank said that inflation fell further close […] The post HSBC predicts further OMO rate cut soon appeared first on Vietnam Business News.

PM: Improve business environment Posted: 04 Mar 2015 09:47 AM PST Prime Minister Nguyen Tan Dung has called on ministries and agencies to do their utmost to improve the business environment and make life easier for enterprises to do business. The PM was quoted by the Government's portal chinhphu.vn as saying at a regular cabinet meeting in Hanoi on Monday that it is important to remove […] The post PM: Improve business environment appeared first on Vietnam Business News.

Foreign buying drives stocks up Posted: 04 Mar 2015 09:45 AM PST Strong foreign buying pushed the local stock market back into positive territory on March 3 after two consecutive falling sessions, with the VN-Index adding 5.99 points, or 1.01%, to close at 596.72. Foreign investors remained net buyers for the13th day in a row, injecting VND77.3 billion into the HCMC market, up VND13 billon against the […] The post Foreign buying drives stocks up appeared first on Vietnam Business News.

Tourism sector seeks to attract Indians Posted: 04 Mar 2015 09:44 AM PST The Vietnam National Administration of Tourism (VNAT) will lead a group of local companies to India next month to take part in a fair and carry out multiple promotional programs in New Delhi, Hyderabad and Chennai. This will be the biggest tourism promotional program of Vietnam in India which is believed to hold much potential […] The post Tourism sector seeks to attract Indians appeared first on Vietnam Business News.

Local firms still have room in electronics retail market Posted: 04 Mar 2015 09:42 AM PST Although a number of foreign companies have made a foray into the local electronics retail market, there are still room for domestic firms to open and operate their own supermarkets, according to industry insiders. Nguyen Duc Tai, chairman of The Gioi Di Dong (Mobile World) Investment Joint Stock Company, said the electronic devices and appliances retail market […] The post Local firms still have room in electronics retail market appeared first on Vietnam Business News.

Eight million local tourists travel at Tet Posted: 04 Mar 2015 09:41 AM PST The number of domestic tourists who traveled during the nine-day Lunar New Year holiday (Tet) reached eight million and only one-third of them joined tours of at least two days, according to the Ministry of Culture, Sport and Tourism. The latest report of the ministry indicated the number of local travelers to famous destinations in […] The post Eight million local tourists travel at Tet appeared first on Vietnam Business News.

Vietnam, Laos renew bilateral trade agreement Posted: 04 Mar 2015 09:39 AM PST More than 95% of Vietnamese goods exported to Laos will enjoy tariff exemptions and vice versa as a result of a new bilateral trade agreement between the two countries, according to the Asia-Pacific Market Department under the Ministry of Industry and Trade. Minister of Industry and Trade Vu Huy Hoang and his Lao counterpart   Khemmani […] The post Vietnam, Laos renew bilateral trade agreement appeared first on Vietnam Business News.

Local firms boost fuel imports as global prices up Posted: 04 Mar 2015 09:39 AM PST Domestic fuel trading firms have stepped up imports in anticipation of higher profit as global oil prices are recovering. A fuel wholesaler in the southern region told the Daily on March 3 that fuel prices in Singapore have inched up several U.S. cents per barrel a day in the past days. The average 15-day price, […] The post Local firms boost fuel imports as global prices up appeared first on Vietnam Business News.

Ministry wants condo sizes at social housing projects widened Posted: 04 Mar 2015 09:38 AM PST The Ministry of Construction is drafting a decree on development and management of social housing projects for low-income earners with a view to expanding the area of apartment units at these projects from 70 square meters to 90 square meters. The ministry said the adjustment is to meet the need of families with many members. […] The post Ministry wants condo sizes at social housing projects widened appeared first on Vietnam Business News.

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