The Business Times: Commercial banks unexpectedly lack VND

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• Commercial banks unexpectedly lack VND
• Metro’s transfer pricing practices unmasked by GDT
• Japanese take prudent steps towards Vietnamese housing market
• Work starts on Phu Quoc Int’l Passenger Port
• Investment incentives under new regulations to take effect from July
• January-April FDI approvals down 23.3%
• CPI inches up 0.14% in April
• Saigon Silicon City approved at SHTP
• No evidence of Toyota’s shift to auto imports – ministry
• Int’l visitor arrivals drop for 11th month

Commercial banks unexpectedly lack VND Posted: 30 Apr 2015 03:30 AM PDT The State Bank of Vietnam (SBV) has had to pump a large amount of dong through the open market operation (OMO) to ease a "dong fever" in the interbank market.The dong fixed-term (overnight to one-week) lending interest rates in the interbank market for the first time in the last two years returned to the 5.7 […] The post Commercial banks unexpectedly lack VND appeared first on Vietnam Business News.

Metro’s transfer pricing practices unmasked by GDT Posted: 30 Apr 2015 03:26 AM PDT Metro Cash & Carry Vietnam, the German invested retailer, which repeatedly reported losses over the last 12 years in Vietnam, has engaged in transfer pricing to evade tax, according to the General Department of Taxation (GDT). Vietnam, Metro Vietnam, transfer pricing, GDT It has asked the big retailer to reduce the reported loss by VND335 […] The post Metro's transfer pricing practices unmasked by GDT appeared first on Vietnam Business News.

Japanese take prudent steps towards Vietnamese housing market Posted: 30 Apr 2015 03:26 AM PDT Japanese investors have shown their interest in the Vietnamese housing market, but they have been very cautious about their investment decisions. Vietnam, Japanese investors, real estate market After two years of construction, SORA Gardens 1, the two 24-storey towers with 406 apartments in the new city of Binh Duong, is ready to be delivered to […] The post Japanese take prudent steps towards Vietnamese housing market appeared first on Vietnam Business News.

Work starts on Phu Quoc Int’l Passenger Port Posted: 30 Apr 2015 03:21 AM PDT A ceremony marking the start of construction on the Phu Quoc International Passenger Port was held on the island, which lies in the Mekong Delta province of Kien Giang, on April 29. Speaking at the opening ceremony, Minister of Transport Dinh La Thang highlighted the significant role of the work in promoting local tourism development […] The post Work starts on Phu Quoc Int'l Passenger Port appeared first on Vietnam Business News.

Investment incentives under new regulations to take effect from July Posted: 30 Apr 2015 03:21 AM PDT Unlike the 2005 Investment Law, the new Investment Law in 2014 includes clearer details about business sectors subject to investment incentives, such as: production of new materials, new energy, clean energy, renewable energy; productions of products with at least 30% value added; and energy-saving products. In agriculture, the sectors given incentives are: cultivation and processing […] The post Investment incentives under new regulations to take effect from July appeared first on Vietnam Business News.

January-April FDI approvals down 23.3% Posted: 30 Apr 2015 03:19 AM PDT Cities and provinces have approved total foreign direct investment (FDI) pledges of US$3.7 billion for fresh and operational projects in the first four months of this year, down a staggering 23.3% year-on-year. The amount includes more than US$1.88 billion registered for new and operational projects this month, a slight increase compared to the combined FDI […] The post January-April FDI approvals down 23.3% appeared first on Vietnam Business News.

CPI inches up 0.14% in April Posted: 30 Apr 2015 03:18 AM PDT Vietnam's consumer price index (CPI) has edged up 0.14% this month against March, marking the second monthly pickup in consumer prices this year, the General Statistics Office (GSO). The GSO announced last Friday that only three out of the 11 groups of commodities used to calculate the CPI have dropped in prices while the remaining […] The post CPI inches up 0.14% in April appeared first on Vietnam Business News.

Saigon Silicon City approved at SHTP Posted: 30 Apr 2015 03:16 AM PDT The HCMC government has awarded an investment certificate to Saigon Silicon City Joint Stock Company's project to develop infrastructure for Saigon Silicon City at Saigon Hi-Tech Park (SHTP). Vietnamese-American Nguyen Minh Hieu, chairman of Saigon Silicon City, received the certificate from HCMC vice chairman Le Manh Ha on Monday. Hieu said the project requires an […] The post Saigon Silicon City approved at SHTP appeared first on Vietnam Business News.

No evidence of Toyota’s shift to auto imports – ministry Posted: 30 Apr 2015 03:15 AM PDT Deputy Minister of Industry and Trade Tran Tuan Anh said there has been no proof that Toyota Vietnam would shift from manufacturing to importing autos in 2018 if the Government declines financial aid for it. Anh told the ministry's media conference in Hanoi on Monday that the ministry had a dialogue on auto industry development […] The post No evidence of Toyota's shift to auto imports – ministry appeared first on Vietnam Business News.

Int’l visitor arrivals drop for 11th month Posted: 30 Apr 2015 03:14 AM PDT Foreign visitor arrivals in Vietnam in April have fallen 7.4% against the same month last year, the eleventh month of decline. Around 690,440 foreigners have visited Vietnam this month, according to the Vietnam National Administration of Tourism (VNAT). In the year to date, the country has attracted nearly 2.7 million international visitors, down 12.2% year-on-year. […] The post Int'l visitor arrivals drop for 11th month appeared first on Vietnam Business News.

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