The Business Times: Ministry urged to destroy ineffective IZs

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• Ministry urged to destroy ineffective IZs
• Credit sector to witness a boom in 2015
• Investors hold on to cash, avoid investments in gold and land
• CPI to increase in March on back of higher power tariffs
• Vietnam proposes allowing foreigners to wholly own listed brokerages
• Negative market outlook makes investors cautious

Ministry urged to destroy ineffective IZs Posted: 22 Mar 2015 07:39 PM PDT Deputy Prime Minister Hoang Trung Hai asked the Ministry of Investment and Planning yesterday to aggressively demolish industrial zones which are not operating effectively or facing difficulty in attracting investment.   Hai made the request at a meeting between the Steering Committee on Development of Economic Zones and Industrial Zones, and management boards of local […] The post Ministry urged to destroy ineffective IZs appeared first on Vietnam Business News.

Credit sector to witness a boom in 2015 Posted: 22 Mar 2015 07:39 PM PDT Commercial banks have shown determination to increase lending in 2015, while businesses are believed to have better conditions to apply for loans. The information is"good news" in the eyes of economists. The recovery of Truong Thanh and others means that Vietnamese businesses will need capital to resume and expand their production, and they have become […] The post Credit sector to witness a boom in 2015 appeared first on Vietnam Business News.

Investors hold on to cash, avoid investments in gold and land Posted: 22 Mar 2015 07:03 PM PDT Though gold prices remain unchanged and land and securities have become more valuable, the rich still prefer to keep their cash. The VN Index unexpectedly rose sharply on March 4, for the first time in the last three months surpassing the 600 point threshold. Analysts said there was a stronger cash flow in the stock […] The post Investors hold on to cash, avoid investments in gold and land appeared first on Vietnam Business News.

CPI to increase in March on back of higher power tariffs Posted: 22 Mar 2015 07:02 PM PDT The country’s consumer price index (CPI) is expected to increase 0.26 per cent following the hike in electricity tariffs and petroleum, said Nguyen Bich Lam, the head of the General Statistics Office.   Electricity prices will increase by 7.5 per cent to an average of VND1,622.05 per kilowatt (kWh) from March 16, following the Prime […] The post CPI to increase in March on back of higher power tariffs appeared first on Vietnam Business News.

Vietnam proposes allowing foreigners to wholly own listed brokerages Posted: 22 Mar 2015 07:00 PM PDT Vietnam’s stocks regulators are proposing to allow foreign investors to own 100 percent of listed domestic securities firms as part of reforms aimed at beefing-up the country’s equities markets. According to a proposal by the State Securities Commission (SSC) seen by Reuters on Friday, foreigners could be permitted to buy shares of brokerages “without limit”, […] The post Vietnam proposes allowing foreigners to wholly own listed brokerages appeared first on Vietnam Business News.

Negative market outlook makes investors cautious Posted: 22 Mar 2015 03:22 PM PDT Stocks opened lower, but improved towards the end of this morning on the two stock exchanges.   The VN-Index on the HCM Stock Exchange added 0.25 per cent to close the morning session at 575.17 points. Meanwhile, on the Ha Noi Stock Exchange, the HNX-Index also increased 0.25 per cent to end at 84.81 points. […] The post Negative market outlook makes investors cautious appeared first on Vietnam Business News.

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