Vietnam Business News

Home » Business News ⇒ You are viewing 76 - 90 of 1913 Business News

Adverstiments

Foreign investors tend to haggle about investment incentives

Robert Bosch Vietnam now waits for the final decision from the government of Vietnam on whether to give investment incentives to its expanded project. Prior to that, some investors also obtained the desired incentives after asking for preferences. The story about whether Vietnam should please giant foreign investors by offering extra...

Posted date: Fri, 03 Aug 2012 - From: Business News

SBV implies possible further interest rate reductions

The State Bank of Vietnam earlier this month stated that the lending interest rate would be stabilized for at least one year. However, it recently has revealed the possibility of easing the interest rates further. One percent reduction expected At a recent meeting with businesses in HCM City, the representative of the State Bank estimated...

Posted date: Fri, 03 Aug 2012 - From: Business News

In selling bad debts, banks cannot haggle

The government of Vietnam, via the asset management company (AMC)--where it holds controlling stakes, would define the prices of the bad debts. It is highly possible that the measures to deal with the bad debts in the national economy would be put on the agenda of the regular government meeting this week. Vo Tri Thanh, Deputy Head...

Posted date: Thu, 02 Aug 2012 - From: Business News

Which fund management companies live on?

Only 23 fund management companies are still in operation out of the 47 companies licensed by the State Securities Commission (SSC). The total assets managed by the management companies have dropped by 23 percent in comparison with the end of 2011. A lot of companies have been just trying to hold out to survive the current...

Posted date: Thu, 02 Aug 2012 - From: Business News

Complicated administrative procedures wither hydropower plants

Though small and medium size hydropower--considered as recyclable energy, has been encouraged to be developed by the state; investors always have to struggle hard to earn money. Dang Van Hong, the owner of a small hydropower plant, has complained that the plant has been “pending for indefinite time”, because he still cannot obtain some...

Posted date: Thu, 02 Aug 2012 - From: Business News

Economy pushes workers to strike out

Big strikes are on the horizon until the year’s end as economic woes bite hard. Minister of Planning and Investment Bui Quang Vinh said that now was the time for enterprises to give more incentives to workers and shun potential strikes. “Strikes are often seen in enterprises offering low salaries and allowances, especially amid many...

Posted date: Wed, 01 Aug 2012 - From: Business News

Administrative procedures turn businesses round and round

While reforming administrative procedures has always been highlighted by state management agencies as their biggest achievement in recent years, businesses say they still cannot see the reform. Nguyen Thi Phuong Quang, Chair of the Long An Entrepreneurs’ Association, said businesses still have to spend too much time on following customs...

Posted date: Wed, 01 Aug 2012 - From: Business News

ISPs moaning about electricity price increases

The five percent electricity price increase has pushed the input costs of Internet Service Providers (ISPs) up by 5-10 percent. However, they have to try every possible means to cut down expenses, or accept lower revenue instead of trying to raise the Internet charges. The average power price has raised to 1369 dong per kwh since July 1, an...

Posted date: Wed, 01 Aug 2012 - From: Business News

In economic downturn, FIEs keep calm, continue expanding business

While domestic businesses are getting exhausted because of too many big difficulties, foreign invested enterprises (FIEs) still keep optimistic about their business performance. This explains why FIEs still have registered additional investment capital for their projects in Vietnam. The 30 million dollar additional investment capital of Hansae...

Posted date: Wed, 01 Aug 2012 - From: Business News

SOEs’ violations put big dent in the state budget

State-owned firms’ serious state budget violations have driven a bus through the government’s financial management. According to a State Audit of Vietnam (SAV) report on state budget usage in 2010, nearly all of 27 audited state-run corporations and groups (CGs) failed to sufficiently contribute to the state coffers in 2010. They were asked...

Posted date: Tue, 31 Jul 2012 - From: Business News

Cashew industry: there’s a fly in the ointment

Vietnam’s cashew industry has never before fallen in such a distress. The cashew growing area has decreased dramatically, enterprises lack capital to import raw materials, while foreign importers have turned their back to Vietnam’s products. Vietnam’s cashew industry is experiencing a difficult period not because of the demand decrease in...

Posted date: Tue, 31 Jul 2012 - From: Business News

Vietnam thinks of forming up a chain of airports in the central region

The Khanh Hoa provincial people’s committee has sent a document to the Ministry of National Defense, requesting the ministry to show its opinion about the plan to develop the Cam Ranh airport with the participation of the US based ADC-HAS Airports. The document has been sent after the provincial authorities had working sessions with ADC-HAS...

Posted date: Tue, 31 Jul 2012 - From: Business News

Government releases import/export strategy aimed at trade balance

The Government has released its import and export strategy for the next eight years with an orientation towards 2030. The strategy targets an export growth of 11-12 per cent a year to 2020 and for imports 10-11 per cent. The trade deficit would be reduced to less than 10 per cent of the total export turnover by 2015, to reach a trade...

Posted date: Tue, 31 Jul 2012 - From: Business News

BUSINESS IN BRIEF 30/7

Shares decline last week on sour earnings reports On the HCM City Stock Exchange last week, the VN-Index concluded at 413.16 points, dropping 8.83 per cent over the preceding week. Trading value averaged VND637.16 billion (US$30.3 million) per session, reaching only 71.7 per cent of the previous week's average. The VN30 tracking the...

Posted date: Mon, 30 Jul 2012 - From: Business News

Commercial banks try every possible means to push up lending

Offering to pay commissions to those who can bring borrowers to banks, inducing other banks’ clients, offering preferences to loyal clients are all the methods commercial banks are applying to push up lending. ACB, which caught the special attention from the public in recent days when it launched the program on lending up to 500 million dong...

Posted date: Mon, 30 Jul 2012 - From: Business News