The Business Times: Dung Quat Oil Refinery not to close

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• Dung Quat Oil Refinery not to close
• Forex rates need to be adjusted: experts
• Insurance market expected to bloom in ASEAN
• PG Bank merged with VietinBank
• Danang plans to open representative office in RoK
• BNP Paribas agrees upon US$60 million credit deal to Vietjet
• Vietnam attends Seoul Seafood Show 2015
• Seminar underscores poor logistic services
• BIDV negotiates with seven to eight foreign investors

Dung Quat Oil Refinery not to close Posted: 16 Apr 2015 03:56 AM PDT The Ministry of Finance has confirmed that the country’s sole oil processing facility – the Dung Quat Oil Refinery – will not be closed thanks to a recent import tax reduction on petroleum products. The statement was made at a press briefing held on April 15 following articles in the local press that said the […] The post Dung Quat Oil Refinery not to close appeared first on Vietnam Business News.

Forex rates need to be adjusted: experts Posted: 16 Apr 2015 03:55 AM PDT Experts have urged the central bank to apply the crawling peg – an exchange rate regime that allows depreciation or appreciation to happen gradually – to help firms develop appropriate business plans. At a conference organized by the Academy of Finance’s Institute of Economics and Finance on April 15, the stronger dollar in the world’s […] The post Forex rates need to be adjusted: experts appeared first on Vietnam Business News.

Insurance market expected to bloom in ASEAN Posted: 16 Apr 2015 03:55 AM PDT The Southeast Asia region's insurance market will continue to reap success once the ASEAN Economic Community (AEC) is formed at the end of 2015, said Singapore's Straits Times. The newspaper quoted Managing Director of international credit ranking agency AM Best Asia Pacific Roger Sellek as saying that insurers are planning to expand their business to […] The post Insurance market expected to bloom in ASEAN appeared first on Vietnam Business News.

PG Bank merged with VietinBank Posted: 16 Apr 2015 03:49 AM PDT The Vietnam Joint Stock Commercial Bank for Industry and Trade, better known as VietinBank, on April 14 got the approval from its shareholders for a merger with Petrolimex Group Bank (PG Bank) in accordance with the overall plan of the State Bank of Vietnam (SBV) unveiled early this year. The approval was given after the bank's board of directors consulted […] The post PG Bank merged with VietinBank appeared first on Vietnam Business News.

Danang plans to open representative office in RoK Posted: 16 Apr 2015 03:48 AM PDT The central city of Danang plans to open its representative office in the Republic of Korea (RoK) to promote investment, trade and tourism between the city and its Korean partners this year. Director of the city’s foreign affairs department Luong Minh Sam said on April 15 that the establishment of the representative office abroad would […] The post Danang plans to open representative office in RoK appeared first on Vietnam Business News.

BNP Paribas agrees upon US$60 million credit deal to Vietjet Posted: 16 Apr 2015 03:47 AM PDT BNP Paribas- a French bank and financial services company and the low-cost carrier Vietjet Air on April 15 signed a US$60 million credit agreement to financeVietjet's purchase of five aircraft in the Airbus A320 family in 2015 and 2016. The agreement has acknowledged the effective cooperation between BNP Paribas and Vietjet after BNP Paribas served as […] The post BNP Paribas agrees upon US$60 million credit deal to Vietjet appeared first on Vietnam Business News.

Vietnam attends Seoul Seafood Show 2015 Posted: 16 Apr 2015 03:46 AM PDT More than 130 seafood businesses from around the globe, including Vietnam attended the Seoul Seafood Show 2015 from April 15 to April 17 to introduce seafood processing products and services. The three-day event featured technological procedures in the areas of aquaculture, processing, packaging, preservation and food safety and hygiene. Workshops were also held during the […] The post Vietnam attends Seoul Seafood Show 2015 appeared first on Vietnam Business News.

Seminar underscores poor logistic services Posted: 16 Apr 2015 03:46 AM PDT Vietnam businesses won't be able to compete with foreign rivals and are likely to be defeated on home turf in the near future if they continue to depend on cheap labour costs. Nguyen Tran Nhu Hoa, UPS Marketing Director in Vietnam made the remark at an export promotion meeting in Hanoi on April 16. She […] The post Seminar underscores poor logistic services appeared first on Vietnam Business News.

BIDV negotiates with seven to eight foreign investors Posted: 15 Apr 2015 07:49 PM PDT The Hanoi-based Bank for Investment and Development of Vietnam (BIDV) hopes to choose a foreign strategic investor later this year or next year, said BIDV Chair Tran Bac Ha on April 14. “The bank has entered into the stage of negotiation to select investors. There are seven to eight investors on the list,” Ha said. […] The post BIDV negotiates with seven to eight foreign investors appeared first on Vietnam Business News.

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