The Business Times: Vietnam draws attention from FDI firms

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• Vietnam draws attention from FDI firms
• Number of new realty companies surges
• Acronis to penetrate Vietnamese market
• Vietnam-EU pact to deliver the goods
• M&As can help Vietnam auto market flourish
• Steel industry seeks more Gov’t help
• Credit growth sees Tet spike
• Central bank takes over construction bank equity

Vietnam draws attention from FDI firms Posted: 08 Mar 2015 07:59 PM PDT Several foreign direct investment (FDI) enterprises are planning to develop big projects in Vietnam this year in view of an improved investment environment. Katsuyoshi Soma, general director of Canon Vietnam told Hai quan (Customs) newspaper that the company had achieved significant success in 2014 in Vietnam despite a slow recovery in the world market. This […] The post Vietnam draws attention from FDI firms appeared first on Vietnam Business News.

Number of new realty companies surges Posted: 08 Mar 2015 07:58 PM PDT The number of new property trading firms established during January and February this year surged 88.8% from the same period last year, according to the General Statistics Office. The real-estate sector also saw a large number of firms resuming operations, up 52.8% from a year ago. The property sector was also the second most attractive […] The post Number of new realty companies surges appeared first on Vietnam Business News.

Acronis to penetrate Vietnamese market Posted: 08 Mar 2015 07:57 PM PDT Acronis, the world leader in new generation data protection based in Russia, has announced its expansion plans in Vietnam. This information was shared by Acronis CEO Serguei Beloussov within the framework of the conference on ERP (Enterprise Resource Planning) revolution held in Ho Chi Minh City last week. Acronis has provided reliable cloud backup for […] The post Acronis to penetrate Vietnamese market appeared first on Vietnam Business News.

Vietnam-EU pact to deliver the goods Posted: 08 Mar 2015 07:55 PM PDT Vietnam is a friendly and reliable partner of the EU and the Free Trade Agreement being negotiated will promote growth for both sides, a senior European Commission official has said. Joseph Waldstein Wartenberg, spokesman for the EC’s Trade Office, told the Vietnam News Agency reporter in Brussels that the signing of the Agreement of Partnership […] The post Vietnam-EU pact to deliver the goods appeared first on Vietnam Business News.

M&As can help Vietnam auto market flourish Posted: 08 Mar 2015 07:55 PM PDT Merger and acquisition (M&A) can help domestic auto makers grow their businesses and increase their competitiveness in the current cutthroat market. Most Vietnamese auto companies are small. They operate in tiny slices of the market involving import services, assembly and distribution. According to market insiders, auto companies must expand in order to catch up with […] The post M&As can help Vietnam auto market flourish appeared first on Vietnam Business News.

Steel industry seeks more Gov’t help Posted: 08 Mar 2015 07:53 PM PDT The Vietnam Steel Association (VSA) has demanded aid for overcoming difficulties, such as excess supply and growing competition from cheap imported steel that has hit the industry hard. Demand for steel in the domestic market has been slumping for the last few years, exerting considerable pressure on steel companies, the association said. While the total […] The post Steel industry seeks more Gov’t help appeared first on Vietnam Business News.

Credit growth sees Tet spike Posted: 08 Mar 2015 07:53 PM PDT Credit activities have developed strongly in the first months of the new year, a positive sign for the economy’s recovery, independent market observers have said. The economy’s credit growth as of February 24 rose by 0.96% compared with the figure recorded late last year, according a source from the Ministry of Planning and Investment. Meanwhile, […] The post Credit growth sees Tet spike appeared first on Vietnam Business News.

Central bank takes over construction bank equity Posted: 08 Mar 2015 03:55 PM PDT The State Bank of Viet Nam (SBV) has acquired all the equity of the Vietnam Construction Joint Stock Commercial Bank (VNCB). The development took place following a decision taken by Governor Nguyen Van Binh on March 5. As the central bank had stated a month ago, stakes have been transferred at the price of zero […] The post Central bank takes over construction bank equity appeared first on Vietnam Business News.

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