The Business Times: Real estate firms rush for capital to grab expected opportunities

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• Real estate firms rush for capital to grab expected opportunities
• HAGL appoints new CEO
• Markets end mixed on low liquidity
• Meet Asia’s new manufacturing powerhouse: Vietnam
• Pan Food bids for Bibica
• Banking credit up in first quarter
• Vasco to fly new domestic route
• VN, Myanmar ink oil deal
• Steering committee to oversee farm exports
• Will Vietnam become“the world’s factory”?

Real estate firms rush for capital to grab expected opportunities Posted: 03 Apr 2015 03:03 AM PDT Vietnamese real estate developers have been increasingly calling for foreign investment in their apartment projects as the domestic property market has warmed up after many years. Discussing plans to increase chartered capital is part of the agenda of many real estate firms' shareholder meetings. FLC board of directors, for example, plans to ask for shareholders' […] The post Real estate firms rush for capital to grab expected opportunities appeared first on Vietnam Business News.

HAGL appoints new CEO Posted: 03 Apr 2015 03:03 AM PDT The Executive Board of the Hoang Anh Gia Lai Joint Stock Company (HAGL) has appointed Vo Truong Son as the firm’s general director for the 2015 to 2018 period. Son, born in 1973, holds a masters in finance. He had previously held the position of HAGL’s deputy general director. The appointment was part of the […] The post HAGL appoints new CEO appeared first on Vietnam Business News.

Markets end mixed on low liquidity Posted: 03 Apr 2015 02:58 AM PDT Shares rose and fell this morning, but still managed to close higher on the HCM Stock Exchange. The VN-Index inched up just 0.08 per cent to end at 547.27 points, while the VN30, tracking the top 30 shares by market value and liquidity, increased 0.26 per cent to stand at 577.62 points. Liquidity remained low, […] The post Markets end mixed on low liquidity appeared first on Vietnam Business News.

Meet Asia’s new manufacturing powerhouse: Vietnam Posted: 03 Apr 2015 02:56 AM PDT Vietnam’s manufacturing is on a steady uptick fueled by its young population and cheaper wages If you thought Asia’s manufacturing giants are just China, South Korea and Thailand, say hello to a new one: Vietnam. Its benchmark purchasing managers’ index for manufacturing has expanded — a reading above 50 — every month since Aug. 2013, […] The post Meet Asia’s new manufacturing powerhouse: Vietnam appeared first on Vietnam Business News.

Pan Food bids for Bibica Posted: 03 Apr 2015 02:53 AM PDT The Pan Food Joint Stock Company, a subsidiary of the Pan Pacific Corporation has officially made a bid for more than 4.6 million shares of confectionery maker Bibica. Pan Food’s bid for the shares, which would account for a 29.87 per cent stake, will be valid from April 3 to May 8. Pan Food has […] The post Pan Food bids for Bibica appeared first on Vietnam Business News.

Banking credit up in first quarter Posted: 03 Apr 2015 02:51 AM PDT Banking credit grew by 1.5 per cent in the first quarter, the State Bank of Viet Nam has reported. Analysts said the market was rather surprised at this high growth since banks had always seen negative credit growth in the first quarter since 2011. But they called it a reasonable outcome since the entire economy […] The post Banking credit up in first quarter appeared first on Vietnam Business News.

Vasco to fly new domestic route Posted: 03 Apr 2015 02:51 AM PDT A direct flight linking the Cuu Long (Mekong) Delta city of Can Tho and the Central Highlands province of Lam Dong will be launched on April 26. The one-way fare has been set at VND840,000 (around $38.6). This was revealed at a working session between the Viet Nam Air Services Company (Vasco) and representatives from […] The post Vasco to fly new domestic route appeared first on Vietnam Business News.

VN, Myanmar ink oil deal Posted: 03 Apr 2015 02:51 AM PDT The PetroVietnam Exploration and Production Corporation (PVEP) has signed a production-sharing contract (PSC) for blocks MD2 and MD4, off the coast of Myanmar, with its Myanmar partner. Signatories in Naypyidaw, Myanmar, early this week were representatives from the PVEP, the Myanmar Oil and Gas Enterprise and the Italian Eni Group. Under the agreement, the PVEP […] The post VN, Myanmar ink oil deal appeared first on Vietnam Business News.

Steering committee to oversee farm exports Posted: 03 Apr 2015 02:50 AM PDT Worried about a significant drop in agricultural exports, the Ministry of Agriculture and Rural Development (MARD) has decided to establish a steering committee that will gather information on problems faced by traders and identify possible solutions. The ministry’s personnel department has been asked to set up a permanent office of the committee this month. The […] The post Steering committee to oversee farm exports appeared first on Vietnam Business News.

Will Vietnam become“the world’s factory”? Posted: 03 Apr 2015 12:54 AM PDT According to the Asian Development Bank's report on Asia's development prospects in 2015, Vietnam's GDP growth will reach 6.1% this year and will be 6.2% in 2016, the second highest growth rate in Asia after India. Vietnam is considered a country with the brightest future among the VISTA economies India, South Africa, Turkey and Argentina. […] The post Will Vietnam become"the world's factory"? appeared first on Vietnam Business News.

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