The Business Times: Vietnamese multibillion-dong auto factory near death

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• Vietnamese multibillion-dong auto factory near death
• Six small banks find partners
• Will foreign manufacturers stop production in Vietnam?
• Foreign businesses still hurt by bribes in Vietnam: report
• Will the Vietnamese automobile market fall into Thai hands?
• Hanoi, Ho Chi Minh City stock exchanges likely to be merged this year
• Housing stimulus disbursement stagnates
• Bac Giang attracts $2.26b in FDI in first quarter
• Viglacera prepares for last quarter IPO
• VN eyes Morocco as a potential new market

Vietnamese multibillion-dong auto factory near death Posted: 21 Apr 2015 11:45 AM PDT Many years ago, Vinaxuki made its way in the world, greeted with applause from state management agencies, which vowed to develop a Vietnamese automobile industry. But the automobile factory, symbolizing the Vietnamese dream of making cars, is dying quietly. Bui Ngoc Huyen, chair of Vinaxuki, established the automobile company to fulfill his"made-in-Vietnam car" dream. He […] The post Vietnamese multibillion-dong auto factory near death appeared first on Vietnam Business News.

Six small banks find partners Posted: 21 Apr 2015 11:45 AM PDT Small banks merging with big banks to form stronger institutions is a growing trend in Vietnam. The State Bank, for example, has given the nod to the Sacombank-Southern Bank merger plan. This is described as a"morganatic" marriage. Sacombank is one of the largest Vietnamese banks with a strong brand, powerful financial capability and good prestige, […] The post Six small banks find partners appeared first on Vietnam Business News.

Will foreign manufacturers stop production in Vietnam? Posted: 21 Apr 2015 11:43 AM PDT Foreign manufacturers have said they are considering either leaving Vietnam for other regional countries which have a more competitive investment environment, or stopping their production activities in Vietnam. However, many Vietnamese don't believe they will do it. Toyota Vietnam, at an event held recently in Hanoi, said the automobile manufacturer was wavering between continuing assembling […] The post Will foreign manufacturers stop production in Vietnam? appeared first on Vietnam Business News.

Foreign businesses still hurt by bribes in Vietnam: report Posted: 21 Apr 2015 11:43 AM PDT A competitiveness measure report released Thursday paints a tad brighter picture of the business environment in provinces and cities across Vietnam, which is however still marred by unofficial expenses that keep burdening enterprises. Enterprises were more optimistic about their operations in Vietnam, but the number of firms forced to pay unofficial charges was on an […] The post Foreign businesses still hurt by bribes in Vietnam: report appeared first on Vietnam Business News.

Will the Vietnamese automobile market fall into Thai hands? Posted: 21 Apr 2015 11:42 AM PDT The lucrative Vietnamese $12 billion per annum automobile market could help rescue the Thai automobile industry, which is now facing difficulties. In early 2015, the Bangkok-based Chairatchakarn bought 2 million shares of HCM City-based Truong Long Automobile, becoming a large shareholder of the Vietnamese automobile firm with 22.6 percent of shares. Chairatchakarn is a Thai […] The post Will the Vietnamese automobile market fall into Thai hands? appeared first on Vietnam Business News.

Hanoi, Ho Chi Minh City stock exchanges likely to be merged this year Posted: 21 Apr 2015 11:40 AM PDT The Ho Chi Minh Stock Exchange (HOSE), which has operated for 15 years as one of the two main bourses of Vietnam along with the Hanoi Stock Exchange (HNX), may become a branch of a reunified trading floor when is established by the end of this year under a Ministry of Finance plan. According to […] The post Hanoi, Ho Chi Minh City stock exchanges likely to be merged this year appeared first on Vietnam Business News.

Housing stimulus disbursement stagnates Posted: 21 Apr 2015 11:37 AM PDT The disbursement of the VND30-trillion (US$1.38 billion) housing stimulus package has been stagnant, despite the increase in the number of successful transactions in the real estate market. Economists and estate businesses said the market had seen clear improvements. The number of successful transactions in Ha Noi in the first quarter of the year rose by […] The post Housing stimulus disbursement stagnates appeared first on Vietnam Business News.

Bac Giang attracts $2.26b in FDI in first quarter Posted: 21 Apr 2015 11:37 AM PDT As of March, 2015, the northern province of Bac Giang has attracted to 182 foreign-invested projects with a total registered capital of US$2.26 billion, ranking 26th among 63 cities and provinces in term of foreign direct investment (FDI) attraction. During the reviewed period, production and manufacturing sector attracted the largest share of FDI with $2.03 […] The post Bac Giang attracts $2.26b in FDI in first quarter appeared first on Vietnam Business News.

Viglacera prepares for last quarter IPO Posted: 21 Apr 2015 11:30 AM PDT State-owned Viglacera Corporation plans to raise its charter capital from VND2.64 trillion (US$122.2 million) to VND3.07 trillion ($142 million) and make an initial public offering (IPO) in the last quarter of 2015. Viglacera, a ceramic building material producer based in Viet Nam, will also target reducing State-owned capital from 91.48 to 75 per cent as […] The post Viglacera prepares for last quarter IPO appeared first on Vietnam Business News.

VN eyes Morocco as a potential new market Posted: 21 Apr 2015 11:29 AM PDT Morocco has become a new potential market for Viet Nam as bilateral trade between the two countries reached US$156.3 million last year, with the annual growth rate pegged at 54 per cent. During the year of 2014, Viet Nam’s exports to Morocco posted a 48 per cent year-on-year growth to $148 million. Morocco is one […] The post VN eyes Morocco as a potential new market appeared first on Vietnam Business News.

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