Saturday, April 4, 2015

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

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

Link to Vietnam Business News

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' […]

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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 […]

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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, […]

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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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