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BUSINESS IN BRIEF 30/3

Ba Ria-Vung Tau Province sees outrageous upsurge of FDI capital The Department of Planning and Investment of Ba Ria-Vung Tau Province announced that it has protected dual unfamiliar approach investment projects with a sum purebred material of US$11.2 million in a initial dual months of this year. By Feb this year, a operation had 301 ... Read More »

Southern heart solves business difficulties

Southern heart solves business difficulties HCM CITY (VNS)— HCM City authorities will continue to mislay barriers in a genuine estate marketplace and closely co-operate with a State Bank to offer loans for firms in prioritised sectors. These embody cultivation businesses – quite those in farming areas –as good as support industries and those producing products for export. Besides implementing “the ... Read More »

PM starts Customs Union FTA talks

PM starts Customs Union FTA talks Two-way trade between Viet Nam and a Customs Union of Russia, Belarus and Kazakhstan stood during US$2.7 billion in 2012.—VNA/VNS Photo HA NOI (VNS)— Prime Minister Nguyen Tan Dung and Chairman of a Eurasian Economic Commission’s Board Viktor Borisovich Khristenko strictly launched negotiations for a giveaway trade agreement (FTA) between Viet Nam and a ... Read More »

Gold fails to captivate buyers during initial auction

Gold fails to captivate buyers during initial auction Gold fails to captivate buyers during initial auction during a State Bank of Viet Nam. — VNA/VNS Photo HA NOI (VNS)— The bullion auction yesterday drew usually dual buyers – Asia Commercial Bank (ACB) and Phu Quy Gold Investment – who purchased a sum of 2,000 taels (2,400 ounces). The winning cost ... Read More »

SBV tightens regulations on bullion trading

The State Bank of Vietnam (SBV) has released a request requiring credit institutions to particularly reside by a regulations for handling gold trading. According to Official Letter No.1889/NHNH-QLNH dated March 21, credit institutions are not authorised to modify bullion deposits into Vietnamese dong or other forms of currency, nor can they use gold deposits for mortgages, material or confidence for ... Read More »

Sanofi expands operation in Vietnam

Sanofi, a personality in consumer health care, will build a third bureau in Vietnam during a sum investment of 75 million USD. Sanofi CEO Chris Viehbacher pronounced on Mar 29 that a factory, based in a high-tech park in Ho Chi Minh City , is a group’s largest project in a nation to date. Equipped with modern technologies, a bureau ... Read More »

Sustainable timber import-export discussed

Difficulties confronting a timber attention and measures to promote sustainable timber import and trade in Vietnam were tabled during a policy discourse in Ho Chi Minh City on Mar 29. At the event, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan suggested that in 2013, a State emanate a set of standards on sustainable timberland government and build ... Read More »

Vietnam continues offered rice to Guinea

Vietnam will trade 300,000 tonnes of rice to a Republic of Guinea a year from 2013 to 2015 following a chit of bargain on the trade sealed in Hanoi on Mar 29. The document was inked by Vietnamese Minister of Industry and Trade Vu Huy Hoang and Minister of Trade Mohammed Dorval Doumbouya of Guinea. Minister Hoang pronounced a MoU ... Read More »

Vietnam, Customs Union starts initial turn of FTA talks

The initial turn of a negotiations of a giveaway trade agreement between Vietnam and a Customs Union of Russia, Belarus and Kazakhstan took place in Hanoi on Mar 29. Vietnamese Minister of Industry and Trade Vu Huy Hoang and Trade Minister of the Eurasian Economic Commission Andrey Slepnev sealed a corner notice on the session between a dual sides. Both ... Read More »

Ceiling seductiveness rate rebate put banks in a stir and a jumble

VietNamNet Bridge – Commercial banks have been told by a State Bank to lower a deposition seductiveness rate to 7.5 percent per annum. However, if they do, they would not be means to attract deposits.   Banks all have quoted a new deposition seductiveness rate of 7.5 percent per annum for short tenure deposition as educated by a State Bank. ... Read More »