The Business Times: US$1.3bn housing stimulus to be extended

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• US$1.3bn housing stimulus to be extended
• Vinataba denied registration of JET, Hero trademarks
• Vietnam’s GDP to grow 6.3% next year: Credit Suisse
• Vietnam ranks second in Asia’s consumer confidence: MasterCard
• Vietnam tops Southeast Asia in raising funds from IPOs
• Vietnam to have new airline under SkyViet brand
• Rice exports: Vietnam’s low-price advantage won’t help
• Vietnam’s foreign exchange reserves reach record high

US$1.3bn housing stimulus to be extended Posted: 02 Apr 2016 02:32 AM PDT Prime Minister Nguyen Tan Dung has approved the State Bank of Vietnam's (SBV) proposal to extend the VND30 trillion (US$1.3 billion) housing stimulus package until disbursement of all associated funds is completed. Dũng asked the central bank to complete disbursement of the stimulus package with a preferential interest rate, instead of closing it on June The post US$1.3bn housing stimulus to be extended appeared first on Vietnam Business News.

Vinataba denied registration of JET, Hero trademarks Posted: 02 Apr 2016 02:29 AM PDT Vinataba lost the legal battle to register JET and Hero trademarks. The trademarks still belong to Indonesian Sumatra. Deputy Prime Minister Nguyen Xuan Phuc has released a document requesting the Ministry of Industry and Trade (MOIT) to instruct agencies to learn from the unreasonable posting of information about tobacco smuggling. Prior to that, Vinataba, reasoning The post Vinataba denied registration of JET, Hero trademarks appeared first on Vietnam Business News.

Vietnam’s GDP to grow 6.3% next year: Credit Suisse Posted: 02 Apr 2016 02:28 AM PDT Credit Suisse says Viet Nam’s GDP will rise 6.3 per cent next year, the third-fastest in emerging market economies after China (6.6 per cent) and India (7.8 per cent). However, this relatively strong growth rate marks a decline from the 6.7 per cent growth rate of 2015, thanks to sluggish global growth. Still, even as The post Vietnam’s GDP to grow 6.3% next year: Credit Suisse appeared first on Vietnam Business News.

Vietnam ranks second in Asia’s consumer confidence: MasterCard Posted: 02 Apr 2016 02:28 AM PDT Vietnam is the second-most optimistic country in consumer confidence in the Asia-Pacific, following Myanmar, as per the MasterCard Index of Consumer Confidence. According to the latest MasterCard report, Vietnam's consumer confidence index was 94.2 points. Although the Asia-Pacific recorded a decline in consumer confidence, with an overall index of below 60 points, consumers in Myanmar, The post Vietnam ranks second in Asia's consumer confidence: MasterCard appeared first on Vietnam Business News.

Vietnam tops Southeast Asia in raising funds from IPOs Posted: 02 Apr 2016 02:26 AM PDT Vietnam has surpassed Singapore to become the leading country in Southeast Asia in raising funds from initial public offerings (IPOs), according to Bloomberg.  Since early this year, with 35 IPO enterprises Vietnam has raised over US$170 million, followed by Malaysia at over US$100 million. In the meantime, Thailand, Singapore and Indonesia have posted over US$30 The post Vietnam tops Southeast Asia in raising funds from IPOs appeared first on Vietnam Business News.

Vietnam to have new airline under SkyViet brand Posted: 02 Apr 2016 02:25 AM PDT The Ministry of Transport has recently submitted a report to the Prime Minister on the establishment of the SkyViet Aviation JSC on the basis of restructuring the Vietnam Air Services Company (VASCO), an affiliate of the national flag carrier Vietnam Airlines. As reported by the ministry, VASCO was certified by the Civil Aviation Authority of The post Vietnam to have new airline under SkyViet brand appeared first on Vietnam Business News.

Rice exports: Vietnam’s low-price advantage won’t help Posted: 02 Apr 2016 02:24 AM PDT Despite difficulties, Vietnam's rice exports have remained stable over the last few years thanks to low prices. However, this advantage may not help in the future as the world market has seen major changes. According to VFA, Vietnam exported nearly 500,000 tons of rice in January 2016, an increase of 56 percent in quantity and The post Rice exports: Vietnam's low-price advantage won't help appeared first on Vietnam Business News.

Vietnam’s foreign exchange reserves reach record high Posted: 02 Apr 2016 02:23 AM PDT The national foreign exchange reserves have reached $40 billion, the highest level so far, a source from the State Bank of Vietnam (SBV) said March 24. The official who released the information said the record high foreign exchange reserves are the results of macroeconomic policies, especially the monetary policies. Vietnam's payment balance began seeing as The post Vietnam's foreign exchange reserves reach record high appeared first on Vietnam Business News.

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