Monday, April 11, 2016

The Business Times: New PM affirms continued cooperation with WB

The Business Times: New PM affirms continued cooperation with WB

Link to Vietnam Business News

New PM affirms continued cooperation with WB

Posted: 10 Apr 2016 09:03 AM PDT

The Vietnamese Government will continue to tighten cooperation with the World Bank, especially in coping with climate change and saltwater intrusion, improving public administration and investment climate, and fighting corruption. Prime Minister Nguyen Xuan Phuc receives WB Country Director in Vietnam Victoria Kwakwa Prime Minister Nguyen Xuan Phuc, who was sworn in on April 7,

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Elderly foreigners keen on Vietnamese housing

Posted: 10 Apr 2016 04:03 AM PDT

Residential buildings in Vietnam are becoming more attractive to elder foreign investors. At CBRE's client conference held at Lotte Hotel Hanoi on April 7, managing director Marc Townsend revealed that the proportion of offshore buyers in the condominium sector has increased from zero per cent last year to 13 per cent this year, with the

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Bright prospects for Vietnam-US agricultural cooperation

Posted: 10 Apr 2016 04:03 AM PDT

There is huge potential for Vietnam and the US to cooperate in agriculture in the coming time, especially when the Trans-Pacific Partnership is likely to be approved. Andy Anderson, managing director of the Western US Agricultural Trade Association (WUSATA) made the statement after leading a delegation to visit Vietnam on April 4-8. Mr Anderson said

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Various violations found at the state-owned Deposit Insurance of Vietnam

Posted: 10 Apr 2016 04:03 AM PDT

The Government Inspectorate has just revealed various violations at the Deposit Insurance of Vietnam (DIV), from financial planning to cost management and use of finances from 2011 to 2013.   Website of Deposit Insurance of Vietnam According to the reports, the DIV did not follow the Ministry of Finance's planning. Even though its expenditure exceeded

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Uber, GrabTaxi roof signs?

Posted: 10 Apr 2016 04:03 AM PDT

Cars offering taxi services on technology platforms like GrabTaxi and Uber must put signs reading "TAXI E" [E for “electronic”] on their roofs, the Directorate for Roads of Vietnam has proposed. Cars offering taxi services on technology platforms like GrabTaxi and Uber must put signs reading "TAXI E" [E for “electronic”] on their roofs, the

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First 100 Renault electric cars to arrive in Vietnam in June

Posted: 10 Apr 2016 04:03 AM PDT

The first 100 hi-tech and environmentally-friendly Renault-branded electric cars will arrive in Vietnam in June. It is part of the largest-ever deal in Southeast Asia that Auto Motors Vietnam, the authorised dealer of the French car manufacturer, has signed with the Mai Linh taxi company. According to the Memorandum of Understanding (MoU) signed in December, 2015,

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Vietnam shares put on warning list

Posted: 10 Apr 2016 03:53 AM PDT

“It has been months since the companies suffered losses, and investors are aware that any improvement will depend on not only the companies' actions but also macro-economic conditions,” the analyst, who wished to remain anonymous, said.”- Illustrative Image/ Photo motthegioi On the HCM Stock Exchange (HoSE), SMC Trading Investment was put on the warning list

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Vietnam arrests 2 Chinese for stealing from foreign bank accounts

Posted: 10 Apr 2016 03:53 AM PDT

Hao Yan Jun, 27, and Ping San Shi, 40, were caught after a local bank detected an “unusual transaction” at a travel company on Monday. The bank later found the transaction was made with a fraudulent card and seized a number of cards from the duo. They reportedly confessed that they hadmade the cards using

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Vietnam’s seafood export sees good signs

Posted: 10 Apr 2016 03:53 AM PDT

After 2015- the gloomy year of business, the sector has achieved good positive results just in the first two months of the year. The total seafood exports to the US and Hong Kong (China) grew by 36 percent yet it slightly decreased by 1.8 percent; 2.4 percent; 0,6 percent; 17.3 percent; and 2.5 percent in

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Vietnam to have more real estate investment funds

Posted: 10 Apr 2016 03:53 AM PDT

As the State Bank of Vietnam plans to tighten credit for the real estate sector, Vietnamese developers have started to think of alternative ways to mobilise capital for their projects. One of the ways is to call on small investors through funds. As of now, there are only foreign real estate funds in Vietnam, such

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