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Vietnam weathers global downturn well: HSBC

Vietnam maintained double-digit export growth last year, weathering the global downturn extremely well, according to HSBC‘s latest Trade Connection Report which was released in Ho Chi Minh City on March 28. HSBC noted that the country’s export earnings in US dollars grew by 20 percent, driven by telecoms, plastics, clothing and apparels. The report said the country’s GDP growth of ... Read More »

Insurers to face fines for investing in securities

Insurers to face fines for investing in securities HA NOI (VNS)— Insurance companies are likely to face fines of VND200 million (US$9,500) if they try to borrow to invest in other sectors, including securities, according to a draft Government decree. The draft decree, to replace Decree 41/2009/ND-CP on sanctioning insurance violations, contains many new rulings apart from fines. The Ministry ... Read More »

Real estate firm teams up with Indonesian bank

Jewellery lights up Old Quarter Visit Hang Bac Street this week and you’ll be immersed in yellow cloth lanterns, colourful flags and white daisy stands. Efforts to clear bombs, mines get int’l support Two international organisations have pledged to continue helping implement Viet Nam’s national action plan on clearing unexploded ordnance left over from the American War from now until ... Read More »

Developer intends to increase charter capital

Jewellery lights up Old Quarter Visit Hang Bac Street this week and you’ll be immersed in yellow cloth lanterns, colourful flags and white daisy stands. Efforts to clear bombs, mines get int’l support Two international organisations have pledged to continue helping implement Viet Nam’s national action plan on clearing unexploded ordnance left over from the American War from now until ... Read More »

Seminar seeks ways to develop industry

A seminar on industry strategies and developing clusters was held in Hanoi on March 28. The event, jointly organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the Japan Economic Foundation (JEF), offered a chance for participants to discuss issues relating to the development of some potential industries, as well as measures to boost Vietnam’s industrialisation and turn ... Read More »

2,000 taels of gold sold in first bidding

As many as 2,000 taels of gold were sold at 43.81 million VND (about 2,100 USD) each in the first gold bullion bidding held by the State Bank of Vietnam (SBV) on March 28. Two out of the 21 registered credit institutions and enterprises won the bidding. The sold amount is part of 26,000 taels put out for sale. This ... Read More »

Public administrative reform impacts to be gauged

The satisfaction of people and businesses with the implementation of public administrative procedures at state agencies will be assessed via supervisory systems with specific criteria, creating a basis to gauge real impacts of the public administrative reform every year. The Administrative Procedure Control Agency (APCA) and the International Finance Corporation (IFC) jointly held a workshop in Hanoi on March 28 ... Read More »

Vietnam, Customs Union kick off FTA talks

Prime Minister Nguyen Tan Dung and Chairman of the Eurasian Economic Commission’s Board Viktor Borisovich Khristenko, on March 28, officially launched negotiations for a free trade agreement (FTA) between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan. The announcement was made following a meeting between PM Dung and Khristenko in Hanoi during the latter’s working visit to Vietnam ... Read More »

Nearly US$100 billion in FDI capital disbursed after 25 years

VietNamNet Bridge – As of late February, Vietnam had attracted 14,550 valid FDI projects with a total capitalization of US$211 billion, of which almost US$100 billion was already disbursed.     The information was released at the Ministry of Planning and Investment (MPI) conference in Hanoi on March 27, reviewing 25 years of foreign direct investment (FDI) in Vietnam. MPI ... Read More »

The gamble of making outward investment

VietNamNet Bridge – While Vietnamese businesses have been flocking abroad to seek their investment opportunities, experts fear that the businesses are gambling with their investments.   International investment funds keep pouring money into Hoang Anh Gia Lai because they have been attracted by the rubber, sugar cane and real estate projects Hoang Anh Gia Lai are developing overseas Making outward ... Read More »