The Business Times: Foreign investment hits high note

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• Foreign investment hits high note
• Forbes honours Mai Kieu Lien, Thai Huong
• Sugar sector urged to make radical reforms for int’l integration
• Finance Ministry puts 2015 budget deficit at VND226 trillion
• MasterCard: Vietnam online shopping growth second highest in AP
• Petrolimex’s 2014 profit plunges on Q4 losses
• Gold price surges after Tet
• Sharp funding cut in Long Thanh airport project
• Flappy Bird app named in global popular brand list
• VN-Index almost reaches 600 points

Foreign investment hits high note Posted: 01 Mar 2015 05:49 PM PST Foreign direct investment (FDI) in Vietnam surged in the first two months of the year as multinational companies have lined up to take advantage of the nation's favourable tax and trade conditions. Vietnam's Ministry of Planning and Investment (MPI) recently revealed that its preliminary tally of newly registered and supplementary investment for existing projects for […] The post Foreign investment hits high note appeared first on Vietnam Business News.

Forbes honours Mai Kieu Lien, Thai Huong Posted: 01 Mar 2015 05:49 PM PST Two Vietnamese entrepreneurs have been recognized by Forbes as among the top 50 powerful businesswomen in Asia. In its fourth annual Asia's Power Businesswomen it named Mai Kieu Lien, chairman and CEO of Vinamilk and Thai Huong, president of TH Group as leaders who are driving change in their industries. Vinamilk is one of the […] The post Forbes honours Mai Kieu Lien, Thai Huong appeared first on Vietnam Business News.

Sugar sector urged to make radical reforms for int’l integration Posted: 01 Mar 2015 05:48 PM PST Deputy Minister of Industry and Trade Nguyen Cam Tu, who is also chairman of the Steering Committee for International Economic Integration, has granted an extensive elaboration on the real situation and solutions for the sugar sector in the country in response to media regarding the recent imports of sugar produced by Vietnamese Hoang Anh Gia […] The post Sugar sector urged to make radical reforms for int'l integration appeared first on Vietnam Business News.

Finance Ministry puts 2015 budget deficit at VND226 trillion Posted: 01 Mar 2015 05:44 PM PST The Ministry of Finance has estimated budget overspending this year at VND226 trillion, equivalent to 5% of gross domestic product (GDP) and down 0.3 of a percentage point against last year. The ministry expected State budget revenue would be VND911.1 trillion this year, including VND638.6 trillion from domestic collections, VND93 trillion from crude oil, VND175 […] The post Finance Ministry puts 2015 budget deficit at VND226 trillion appeared first on Vietnam Business News.

MasterCard: Vietnam online shopping growth second highest in AP Posted: 01 Mar 2015 05:44 PM PST Online shopping in Vietnam has grown fast in the past months with growth in the number of Vietnamese shopping online at the second highest rate in the Asia-Pacific region, according to the MasterCard Survey on Online Shopping 2014. The survey showed that the number of Vietnamese who shopped online from October to December last year […] The post MasterCard: Vietnam online shopping growth second highest in AP appeared first on Vietnam Business News.

Petrolimex’s 2014 profit plunges on Q4 losses Posted: 01 Mar 2015 05:43 PM PST Vietnam National Petroleum Group (Petrolimex) reported profit of a mere VND4.8 billion last year, a small fraction of the VND1.6 trillion recorded in the previous year. Its holding firm saw its profit tumbling to VND67 billion last year, or nearly one-tenth of the VND710 billion achieved in the year earlier. The group attributed the profit […] The post Petrolimex's 2014 profit plunges on Q4 losses appeared first on Vietnam Business News.

Gold price surges after Tet Posted: 01 Mar 2015 05:41 PM PST The domestic gold price has edged up after the Lunar New Year holiday (Tet) and the pace of its rise is even faster than that of the global price. Saigon Jewelry Company (SJC) yesterday afternoon quoted its gold selling price at VND35.62 million per tael (some US$1,664), VND30,000 higher than in the morning of the […] The post Gold price surges after Tet appeared first on Vietnam Business News.

Sharp funding cut in Long Thanh airport project Posted: 01 Mar 2015 05:41 PM PST The capital estimate for the first phase of Long Thanh airport project has been adjusted down to US$5.2 billion from the previous US$7.8 billion after experts and National Assembly deputies cast doubt on the investor's ability to mobilize hefty funds for the big-ticket project and expressed concern about its impact on the country's public debt. […] The post Sharp funding cut in Long Thanh airport project appeared first on Vietnam Business News.

Flappy Bird app named in global popular brand list Posted: 28 Feb 2015 05:45 PM PST Vietnam’s Flappy Bird mobile game has been ranked 39th in a report on the world’s 50 most popular brands of 2014. The report was released by Infegy, an American provider of intelligent social media monitoring. The game, developed by Vietnamese Nguyen Ha Dong, became a phenomenon at the beginning of last year and was the […] The post Flappy Bird app named in global popular brand list appeared first on Vietnam Business News.

VN-Index almost reaches 600 points Posted: 28 Feb 2015 05:42 PM PST Strong gains of petroleum and banking stocks drove the local stock market up after just one losing session yesterday, with the VN-Index adding 0.69% to close at 596.72. Almost all sectors advanced, with the banking group gaining over 2.2% and contributing over 0.5% to the main index's rise. Notably, Vietcombank (VCB) shares jumped over 3.4% […] The post VN-Index almost reaches 600 points appeared first on Vietnam Business News.

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