The Business Times: Gold export duty increased to 2%

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• Gold export duty increased to 2%
• BOP surplus at US$2.8 billion
• Q1 GDP growth at four-year high
• Many plants to join power wholesale market
• Vinalines plans to turn debts into shares
• Two bankers eye seats on Eximbank board

Gold export duty increased to 2% Posted: 29 Mar 2015 08:08 AM PDT The finance ministry (MoF) has increased the export duty on gold jewellery of more than 95 per cent purity from zero to two per cent. The decision was announced in the MoF’s amended Circular 36, issued on March 23, which said the new duty would take effect on May 7, 2015. MoF said it aimed […] The post Gold export duty increased to 2% appeared first on Vietnam Business News.

BOP surplus at US$2.8 billion Posted: 29 Mar 2015 08:06 AM PDT Vietnam's balance of payments has registered a surplus of US$2.8 billion in the first quarter of 2015 although the country has a trade deficit of US$1.75 billion so far. The central bank announced the figures on March 26 to explain its earlier decision to let the Vietnam dong-U.S. dollar exchange rate move within a band […] The post BOP surplus at US$2.8 billion appeared first on Vietnam Business News.

Q1 GDP growth at four-year high Posted: 29 Mar 2015 08:05 AM PDT Gross domestic product (GDP) this quarter is put at over VND534 trillion, growing 6.03% against a year ago, the highest quarter-one GDP growth in four years, according to the General Statistics Office. The first-quarter GDP growth rates of 2012, 2013 and 2014 were 4.75%, 4.76% and 4.96% respectively. Statistics of the office released on March […] The post Q1 GDP growth at four-year high appeared first on Vietnam Business News.

Many plants to join power wholesale market Posted: 29 Mar 2015 08:04 AM PDT The competitive power wholesale market will be kicked off early next year following an approved road map and power plants to join the market are forecast to outnumber those on the existing power generation market. The Vietnamese power market is at three competitive levels – competitive power generation, competitive wholesale and competitive retail. Until now, […] The post Many plants to join power wholesale market appeared first on Vietnam Business News.

Vinalines plans to turn debts into shares Posted: 29 Mar 2015 08:03 AM PDT In an initial public offering plan, Vietnam National Shipping Lines (Vinalines) will convert debts owed to other firms into shares and have a positive cash flow by 2019. The IPO plan, jointly prepared by the Ministry of Transport and Vinalines, will be passed to the Government for consideration. Vinalines will sell shares equivalent to 64% […] The post Vinalines plans to turn debts into shares appeared first on Vietnam Business News.

Two bankers eye seats on Eximbank board Posted: 29 Mar 2015 08:03 AM PDT Two former leaders of NamA Bank, Tran Ngo Phuc Vu and Tran Ngoc Tam, now represent this bank's share holdings at the Vietnam Bank for Export and Import (Eximbank) and are expected to run for board membership at Eximbank's upcoming general meeting. Tran Ngo Phuc Vu used to serve as general director of NamA Bank […] The post Two bankers eye seats on Eximbank board appeared first on Vietnam Business News.

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