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Category Archives: Business

Opportunities, challenges of Vietnam’s economy in 2013

A conference highlighting the opportunities and challenges for the Vietnamese economy in 2013 was held in Ho Chi Minh City on March 1, attracting the participation of numerous businesses and economists. The event, organised by the Vietnam Economic Times, aimed to share information and experience among businesses, and find out ways to promote their activities ... Read More »

Vietnam Tra Fish Association established

The Vietnam Tra Fish Association (VTFA) has been set up with the aim to boost the development of the tra fish breeding industry. A congress to launch the VTFA was held in the Mekong Delta province of An Giang on March 2. The congress elected the association’s 47-member executive board with Nguyen Viet Thang, former Deputy Minister of Agriculture and ... Read More »

Traders told to use stabilization fund to maintain fuel prices

Fuel wholesalers can extract up to VND2,000 for each liter of gasoline and VND650-1,150 for every liter of oil from the price stabilization fund to cover their losses and keep the current retail prices unchanged.     This is a decision of the Ministry of Finance given in Dispatch 2624/BTC-QLG on fuel price management signed by Deputy Minister Nguyen Cong ... Read More »

SCIC seeks to acquire non-core stakes of State groups

Efforts by State-owned groups and corporations to withdraw from non-core businesses may be given a boost if the Prime Minister approves a proposal by the State Capital Investment Corporation (SCIC) to acquire such stakes. An SCIC executive said the firm as a financial investment arm of the Government is seeking the nod from the Prime Minister to buy those stakes ... Read More »

Who are the buyers in M&A deals?

VietNamNet Bridge – Foreign enterprises were believed to be the only investors financially capable enough to take over businesses in merger and acquisition (MA) deals. However, experts believe that Vietnamese businesses have become powerful enough to become the buyers in the deals. In most of the MA cases taking place in the last five years, the buyers were foreign investors. ... Read More »

State budget down 1.9 pct in two months

State budget revenue dropped by 1.9 percent in the first two months of the year to 114.8 trillion VND (5.52 billion USD), accounting for 14.1 percent of the year’s estimated total. According to the Ministry of Finance, the decrease was mainly due to weak domestic revenue, which totalled 80 trillion VND (3.85 billion USD), equivalent to 14.7 percent of the ... Read More »

Land price controls found wanting

Land price controls found wanting   A view of Sai Dong Urban Area in Ha Noi’s Long Bien District. Viet Nam needs to revise land price management. — VNA/VNS Photo Tuan Anh HA NOI (VNS)— Viet Nam needs to streamline the revised Land Law to better manage land prices, according to Dang Hung Vo, former Deputy Minister for Natural Resources ... Read More »

Panel requested for US shrimp case

Panel requested for US shrimp case A shrimp farm in Hai Ninh Commune, central Quang Binh Province’s Quang Ninh District. Viet Nam requests a panel to resolve a case involving shrimp exports to the US. — VNA/VNS Photo Tran Viet HCM CITY (VNS)— The Vietnamese Permanent Mission to the United Nations in Geneva requested the establishment of a panel at ... Read More »

Real estate opportunities attracts interest

Real estate opportunities attracts interest HA NOI (VNS)— Merger and acquisition (MA) deals in the real estate industry were forecast to continue thriving this year, according to industry insiders. Chairman of the Thu Duc Housing Development Co Le Chi Hieu said buyers with cash in hand would have major opportunities this year as there would be many real estate firms ... Read More »

Bac Giang outlines plan to lure investors

Bac Giang outlines plan to lure investors BAC GIANG (VNS)— The northern province of Bac Giang aims to attract new investment totalling VND10 trillion (US$488 million) in 2013, with VND5.5 trillion ($268.3 million) to come from foreign investors. The provincial People’s Committee would encourage investment in projects that are environmentally friendly, apply advanced technology and have high added value. The ... Read More »