The Business Times: Samsung sales fall in Vietnam as Nokia bounces back: IDC

---

• Samsung sales fall in Vietnam as Nokia bounces back: IDC
• NA approves higher eco-tax on oil and gas
• Thousands of real estate firms established, causing concerns
• Is it time to devalue the Vietnamese dong to boost exports?
• HCM City banks offer cheap loans to meet stiff lending target
• More investors want to buy airports
• PetroVietnam suggests building fuel warehouse on Phu Quoc
• Japan firms interested in Vietnam agriculture
• Cellphone sales grow 13%
• Banks announce further interest rate cuts

Samsung sales fall in Vietnam as Nokia bounces back: IDC Posted: 13 Mar 2015 12:24 AM PDT Samsung remained the leader in the Vietnamese smartphone market last year, despite slumping sales, whereas its rival Microsoft managed to increase their market share, according to the latest data released by tech research firm International Data Corporation (IDC).   In 2014, 28.7 million mobile phones, including 11.6 million smartphones, were sold in Vietnam, up 13 […] The post Samsung sales fall in Vietnam as Nokia bounces back: IDC appeared first on Vietnam Business News.

NA approves higher eco-tax on oil and gas Posted: 13 Mar 2015 12:23 AM PDT The National Assembly Standing Committee yesterday approved an increase in environmental taxes on oil and gas products that would take it to three times the current levels.   The amended Resolution No 1269 on environmental taxation will, however, impose no extra duty on kerosene, as this is an essential commodity for the majority of poor […] The post NA approves higher eco-tax on oil and gas appeared first on Vietnam Business News.

Thousands of real estate firms established, causing concerns Posted: 13 Mar 2015 12:21 AM PDT As many as 14,000 new businesses were set up in the first two months of 2015, with real estate firms increasing sharply by 89 percent in comparison with the same period in 2014. While the sharp increase is seen by analysts as a sign of the real estate market recovery in 2015, others think this […] The post Thousands of real estate firms established, causing concerns appeared first on Vietnam Business News.

Is it time to devalue the Vietnamese dong to boost exports? Posted: 13 Mar 2015 12:20 AM PDT Economists from Hanoi National University have urged the government to adjust the dong/dollar exchange rate, while the National Finance Supervision Council said stabilizing the exchange rate is a top priority. The Vietnam Center for Economic and Policy Research (VEPR), an arm of Hanoi National University, in its Q4 2014 report, suggested devaluing the local currency. […] The post Is it time to devalue the Vietnamese dong to boost exports? appeared first on Vietnam Business News.

HCM City banks offer cheap loans to meet stiff lending target Posted: 13 Mar 2015 12:09 AM PDT Banks in HCM City are vying with one another to offer preferential loans in an effort to achieve the year’s credit growth target of 13-15 per cent.   Analysts say that many banks consider the target set by the State Bank of Viet Nam as rather stiff and so have begun to make efforts right […] The post HCM City banks offer cheap loans to meet stiff lending target appeared first on Vietnam Business News.

More investors want to buy airports Posted: 12 Mar 2015 11:56 PM PDT More companies have joined the queue to buy the operation rights to a number of airports in Vietnam after the Ministry of Transport floated a major plan to open aviation projects to the private sector. Most recently, Hanoi-based T&T Group Joint Stock Company has written to the Ministry of Transport proposing buying the entire Phu […] The post More investors want to buy airports appeared first on Vietnam Business News.

PetroVietnam suggests building fuel warehouse on Phu Quoc Posted: 12 Mar 2015 11:56 PM PDT Vietnam Oil and Gas Group (PetroVietnam) is seeking the government of Kien Giang's support to build a bonded warehouse for fuels and a logistics port system on Phu Quoc Island. According to the provincial authorities, the project is to supply and distribute fuels for wholesalers in Kien Giang Province and neighboring localities. The warehouse and […] The post PetroVietnam suggests building fuel warehouse on Phu Quoc appeared first on Vietnam Business News.

Japan firms interested in Vietnam agriculture Posted: 12 Mar 2015 11:54 PM PDT A group of Japanese firms specializing in farm produce processing from Japan's Wakayama Prefecture has arrived in Vietnam to explore investment and cooperation prospects in the agricultural sector. At a meeting on cooperation opportunities in agriculture between Wakayama Prefecture and Vietnam in Hanoi on March 11, Wakayama governor Yoshinobu Nisaka said cooperation will create mutual […] The post Japan firms interested in Vietnam agriculture appeared first on Vietnam Business News.

Cellphone sales grow 13% Posted: 12 Mar 2015 11:53 PM PDT Vietnam consumed 28.7 million cellphones last year, a year-on-year increase of 13%, according to a quarterly survey on Asian-Pacific cellphone markets released by the market research firm IDC. According to IDC, smartphones recorded the highest growth rate of 57% with 11.6 million units sold in 2014. Total smartphone sales accounted for 41% of the domestic […] The post Cellphone sales grow 13% appeared first on Vietnam Business News.

Banks announce further interest rate cuts Posted: 12 Mar 2015 12:57 PM PDT Resuming operations after Tet, many commercial banks are continuing to cut deposit interest rates, owing to good liquidity and low inflation.   Agribank cut annual rates last week for some terms by 0.2 to 0.4 percentage points. Accordingly, the highest rate applied for deposits of more than 18 months in the bank is 6.3 per […] The post Banks announce further interest rate cuts appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States