The Business Times: Jan-Apr Auto Imports Drop

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• Jan-Apr Auto Imports Drop
• PM pledges favourable conditions for Japanese investors
• Experts call Tay Ninh the bridge to ASEAN
• Vietnam benefits from TPP, EVFTA to grow in two next year
• Thailand’s Siam Cement eyes Vietnam
• SCG not giving up Vietnam cement plan despite oversupply
• Casino Guichard-Perrachon sells Vietnamese unit for $1.1 billion
• Vietnam banks heed PM call, cut lending rates for businesses
• Korean investors flock to Vietnamese market
• Dollar falls against euro after manufacturing data

Jan-Apr Auto Imports Drop Posted: 03 May 2016 08:35 PM PDT Vietnam spent US$669 million importing 28,000 completely-built-up (CBU) autos in the first four months of this year, down 23.5% and 20.4% over the same period last year respectively, according to the General Statistics Offices (GSO).In April alone, car imports reached 8,000 units worth about US$182 million, down 1,000 in volume and US$26 million in value The post Jan-Apr Auto Imports Drop appeared first on Vietnam Business News.

PM pledges favourable conditions for Japanese investors Posted: 03 May 2016 07:44 AM PDT Prime Minister Nguyen Xuan Phuc (R) and Sumitomo Mitsui Banking Corporation's (SMBC) managing director for Asia Pacific Shosuke Mori. Prime Minister Nguyen Xuan Phuc made the remark at an April 27 reception in Hanoi for Sumitomo Mitsui Banking Corporation's (SMBC) managing director for Asia Pacific Shosuke Mori. The PM lauded the bank's effective investment activities The post PM pledges favourable conditions for Japanese investors appeared first on Vietnam Business News.

Experts call Tay Ninh the bridge to ASEAN Posted: 03 May 2016 07:44 AM PDT The southern city of Tay Ninh is the last point in the Cuu Long (Mekong River) Delta region but from the perspective of ASEAN connectivity the city is the starting point connecting Vietnam with the Southeast Asia region, said Phan Chanh Duong, lecturer of the Fulbright Economic Teaching Program. Illustrative photo (Photo: Reuters) The lecturer The post Experts call Tay Ninh the bridge to ASEAN appeared first on Vietnam Business News.

Vietnam benefits from TPP, EVFTA to grow in two next year Posted: 03 May 2016 07:44 AM PDT Textile and garment benefit most from TPP (Photo:SGGP) In the report released yesterday in Hanoi ESCAP forecast that Vietnam's economic growth is expected to edge up further to 6.8-6.9 per cent in 2016 and 2017. However, experts also warned that Vietnamese enterprises will face more stringent environmental and labor requirements may raise production costs in The post Vietnam benefits from TPP, EVFTA to grow in two next year appeared first on Vietnam Business News.

Thailand’s Siam Cement eyes Vietnam Posted: 03 May 2016 07:44 AM PDT A cement plant in Quang Ninh Province. Photo: Anh Vu Roongrote Rangsiyopash, President and CEO of the conglomerate, told reporters in Bangkok Wednesday that Siam is looking at a joint venture or merger to enter the Vietnamese market, Nikkei Asian Review reported. Vietnam's annual cement production exceeds demand, which was 72 million tons last year, The post Thailand's Siam Cement eyes Vietnam appeared first on Vietnam Business News.

SCG not giving up Vietnam cement plan despite oversupply Posted: 03 May 2016 07:44 AM PDT Nikkei Asian Review recently quoted SCG's president and CEO Roongrote Rangsiyopash as saying that a joint venture or merger with an existing plant would be the best way to enter the Vietnamese market because of the country's excess capacity. Earlier, in January, Dhep Vongvanich, SCG Vietnam's executive director, said SCG would have another plant in The post SCG not giving up Vietnam cement plan despite oversupply appeared first on Vietnam Business News.

Casino Guichard-Perrachon sells Vietnamese unit for $1.1 billion Posted: 03 May 2016 07:44 AM PDT Casino will receive 920 million euros in proceeds, the St. Etienne, France-based company said in a statement Friday. The disposal will bring the total of its divestments to 4.2 billion euros, it said. The shares rose as much as 2.1 percent in early Paris trading. The deal follows Casino's agreement earlier this year to sell The post Casino Guichard-Perrachon sells Vietnamese unit for $1.1 billion appeared first on Vietnam Business News.

Vietnam banks heed PM call, cut lending rates for businesses Posted: 03 May 2016 07:44 AM PDT An undated photo of an employee counting notes at a bank in Hanoi. Photo: Ngoc Thang Vietcombank, one of the country's largest lenders, Friday reduced the maximum interest rate on medium- and long-term loans from 11 percent to 10 percent a year. The bank plans to lend businesses around VND300 billion (US$13.32 million) at low The post Vietnam banks heed PM call, cut lending rates for businesses appeared first on Vietnam Business News.

Korean investors flock to Vietnamese market Posted: 03 May 2016 07:44 AM PDT With a population of over 90 million and 60% in their 30s or younger, Viet Nam stands out as a market of promising robust growth. A recent report by the Korea Trade-Investment Promotion Agency said the RoK Government is pursuing expansion of consumer goods exports to Viet Nam to make up for the country's slowing The post Korean investors flock to Vietnamese market appeared first on Vietnam Business News.

Dollar falls against euro after manufacturing data Posted: 03 May 2016 07:43 AM PDT Euro and Dollar (AFP) NEW YORK: The dollar fell against the euro on Monday after eurozone manufacturing data outshone a similar US report. The euro, which hit a session high of US$1.1536 and for the first time in nine months was trading above US$1.15, was fetching a tick below that, at US$1.1535, around 2100 GMT. The post Dollar falls against euro after manufacturing data appeared first on Vietnam Business News.

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