|
|
| |
|
|
|
|
WTO RULES TO HEAT UP VIETNAM BANKING SECTOR
[13-01-2011] Leading financial experts have warned domestic banks that they could suffer market losses this year as Vietnam’s commitments with the World Trade Organization (WTO) on the operation of foreign banks came into effect. Foreign banks, which have become stronger in recent years, will now be operating on a level playing field with domestic banks.
|
|
|
|
|
|
| |
|
|
|
|
HANOI INDUSTRIAL PRODUCTION PLUNGES BY 14% MOM IN JANUARY 2012
[31-01-2012] Industrial Production Index of Hanoi capital in January 2012 fell by 14% and 1% on month and on year, respectively, the General Statistics Office (GSO) of Hanoi said. Of which, mining industry recorded a fall of 5.2% and 9.8% on month and on year, respectively. The processing industry posted 15% and 2.7% on month and on year decrease, respectively, the GSO said, adding that the capital’s production value plunged sharply due to long Lunar New Year holiday which fell on January and many businesses operated perfunctorily.
|
|
|
|
|
|
| |
|
|
|
|
FOREIGN INVESTORS EYE VIETNAM’S HEALTH
[14-08-2011] With its large population, Vietnam is recognised as a potential market offering many opportunities for foreign investors in medicine and health care.The comment was made by Allan Yeo, Chief Executive of the Happy Hospital under Singapore’s Thomson Medical Centre, which is planning to expand investment in Vietnam.
|
|
|
|
|
|
| |
|
|
|
|
DELOITTE: UPDATE ON PIT FINALIZATION 2011
[30-01-2012] The Tax Alert update on guidance on 2011 PIT finalization which is covered in the Official Letter No. 230/TCT-TNCN (“OL 230”) issued by the Ministry of Finance on 17 January 2012.
|
|
|
|
|
|
| |
|
|
|
|
GOV’T EXTENDS TIME LIMIT FOR PILOT E-CUSTOMS PROGRAM
[09-01-2012] The Government on Monday agreed to extend the time limit for the implementation of the pilot e-customs program to the end of Q2, 2012. The Ministry of Finance was assigned to coordinate with relevant agencies and localities to propose the Government to adopt legal regulations on e-customs.
|
|
|
|
|
|
|
|
| |
|
|
|
|
HCMC: JANUARY CREDIT GROWTH +6.3%; TOTAL DEPOSITS +10% M-O-M
[01-02-2012] Total outstanding loans in Ho Chi Minh City in January, 2012, are estimated at VND812.1 trillion, up 6.3% on month and 13.6% on year, the municipal Statistics Office’s data showed. Joint-stock commercial banks’ outstanding credits are estimated at VND413 trillion, or 50.9% of total outstanding loans, up 14.2% over the same period last year.
|
|
|
|
|
|
| |
|
|
|
|
INTELLASIA VIETNAM BUSINESS BRIEF - FEB 03, 2012 [MEMBER ONLY]
The Intellasia Vietnam Business Brief is updated twice per week to provide members the brief review on the news of concern in this couple of days. It covers wide-ranging and intuitive reports on finance, legal, investment, trade, business, government policy and key economic data of Vietnam.
|
|
|
|
|
|
|
|
| |
|
|
|
|
SECOND LOW-COST CARRIER LAUNCHES MAIDEN FLIGHT
[26-12-2011] Vietnam’s second low-cost carrier VietJet Air on Sunday began its maiden passenger flight, with a plan to transport around 700,000 passengers next year. The passenger target is based on VietJet Air’s network and fleet expansion in 2012, Pritam Singh, chief operating officer of VietJet Air, told a function held on Saturday to mark the private carrier’s HCMC-Hanoi flight for 120 invited guests before the launch of its service on Sunday.
|
|
|
|
|
|
|
|
| |
|
|
|
|
GARMENT EXPORTS TO HIT US$15 BILLION IN 2012
[16-01-2012] The garment and textile sector aims to achieve export earnings of US$15 billion in 2012, despite a predicted 15 percent fall in orders from major markets compared to last year. Chairman of the Vietnam Textile and Apparel Association (VITAS), Vu Duc Giang, said this year the US, EU and Japan will remain the sector’s major export markets, accounting for 80 percent of export revenues.
|
|
|
|
|
|
| |
|
|
|
|
VCCI VIETNAM EXPORTER DIRECTORY
[19-07-10] To meet demands of overseas customers for seeking and buying Vietnamese products and partly help producers and exporters of Vietnam expand their foreign markets, Vietnam Chamber of Commerce and Industry (VCCI), which represents for the Vietnamese business community and is one of Vietnam's largest trade promotion agencies, is updating the list of manufacturers and exporters in Vietnam called “Vietnam Exporter Directory”.
|
|
|
|
|
|
| |
|
|
|
|
FDI FIRMS FACE DILEMMA OF UNSKILLED LOCAL WORKFORCE
[20-11-2011] Faced with the inadequate skills of the local workforce, many FDI companies have hesitated to expand their operation and upgrade their facilities in Vietnam, Dau Tu newspaper reported. According to a recent survey conducted by the Ministry of Labour, Invalids and Social Affairs on the skills of Vietnamese workforce, 25 percent of the participating businesses said the local workforce was not trustworthy, failed to pay adequate attention to the work quality, and lacked communication skills.
|
|
|
|
|
|
| |
|
|
|
|
INVITATION TO ANNUAL VIETNAM BUSINESS FORUM, 2 DECEMBER 2011 [ MEMBER ONLY ]
[09-11-2011] The International Finance Corporation (IFC) is organizing the 29th Vietnam Business Forum in Hanoi on Friday, December 2nd 2011 in collaboration with the Ministry of Planning and Investment and the World Bank. The Forum will provide an opportunity for a structured dialogue between the government, local and foreign businesses and the donor community to improve the business environment in Vietnam.
|
|
|
|
|
|
| |
|
|
|
|
5% INCREASE IN ELECTRICITY PRICES MAY LEAD TO 0.369% RISE IN CPI
[18-01-2012] The current 5% increase in the electricity prices will lead the consumer price index (CPI) to accelerate by 0.369%, the Minister of Finance Vuong Dinh Hue said in an online conversation this afternoon. The electricity price hike will affect CPI increase in two rounds, the minister said when answering the question of how the electricity price increase will affect CPI.
|
|
|
|
|
|
| |
|
|
|
|
VIETNAMOBILE COMMERCIALIZES 3G SERVICE
[14-12-2011] Vietnamobile on Tuesday became the country’s final mobile operator to commercialize the third generation (3G) network service, in the context that it is now left with only half of the license to deploy the service. Vietnamobile will provide 3G services at a transmission speed of 21.6 Mbps, including web browsing, online television, video phone call, and video blogging, allowing users to upload their video clips on the web hosting of Vietnamobile at http://3g.vietnamobile.com.vn.
|
|
|
|
|
|
| |
|
|
|
|
COUNTRY KEEPS WATCH ON STORM
[18-11-08] Forecasters said yesterday that Storm Noul (or Red Sun) was turning into a tropical depression, and it no longer seriously threatened central and southern Viet Nam, although the Minister of Agriculture and Rural Development, Cao Duc Phat, still considered "it complicated". |
|
|
|
|
|
| |
|
|
|
|
DOWNLOAD PRESENTATION OF HKBAV MEMBER NIGHT - 10 AUGUST 2011
[11-08-2011] If you have missed the Member Night organized by HKBAV on August 10, 2011. Please download an excellent presentation of the speaker Mr. Elmar Dutt, Chairman of GBA for the “Decree 46 - New Law on work-permits for foreigners - The Good, The Bad and The Ugly!”.
|
|
|
|
|
|
| |
|
|
|
|
DONG THAP PROVINCE – IDEAL DESTINATION FOR INVESTORS
[31-08-2011] As the upstream Mekong province with total area of 3,374km2, Dong Thap Province in center of Tien River and Hau River is raised with rich alluvium, most favorable for fostering agriculture, aquaculture and fisheries. In addition, Dong Thap Province has now developing strongly in industry, border trade and tourism.
|
|
|
|
|
|
| |
|
|
|
|
CATHAY PACIFIC - SPRING PROMOTION TO LONDON TILL 31 MAR 2012
Enjoy spring in London with great offer from Cathay Pacific Airway Ltd. From now til 31Mar2012, customers can purchase return economy class tickets from Ho Chi Minh City to London from just VND14.3 million (excluded tax & other surcharges) (fares in VND are subjected to currency exchange rate at the time of purchase). Terms and conditions applied. Don't miss it!
|
|
|
|
|
|
| |
|
|
|
|
2011 SOCIAL - ECONOMIC STATISTICAL DATA
I. ECONOMIC GROWTH
1.1. Gross Domestic Products (GDP) Growth
2011’s GDP was estimated growing 5.89% from 2010 and the pace was even for all the three sectors, of which it rose 5.57% in 1st Quarter; 5.68% in 2nd Quarter; 6.07% in 3rd Quarter and 6.10% in 4th Quarter. Although this year’s pace was lower than that of 6.78% in 2010, it was rather high and reasonable in the context of many difficulties in production and the country’s focused efforts in curbing inflation and stabilizing macroeconomy.
|
|
|
|
|
|
|
|
| |
|
|
|
|
SUSTAINING ASIAN GROWTH
[19-01-2012] The strong growth prospects for the offshore renminbi market were a major talking point at the Asian Financial Forum (AFF) 2012, which drew a record attendance of more than 2,000 participants to the Hong Kong Convention and Exhibition Centre.
|
|
|
|
|
|
|
|
| |
|
|
|
|
CHOLON FAIR-EXHIBITION 2011
[28-12-2011] The 2011 Cholon Exhibition Fair will be held on:
Date: 30 Dec. 2011 - 03 Jan. 2012 (Friday - Tuesday)
Opening Hours: 0800 - 2200 hrs
Venue: Phu Tho Indoors Sports Stadium, 1 Lu Gia St., District 11, HCMC, Vietnam.
|
|
|
|
|
|
