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INTELLASIA FINANCE & BUSINESS NEWS - AUGUST 16, 2017
FINANCE
Reference exchange rate up by 6 VND
PM calls for 21pct credit growth
Soaring credit may cause strong fluctuations in liquidity
Domestic, international factors aid rate cut
Interbank rates inch up but remain historically low
Hi-tech agriculture enterprises face difficulties in borrowing
Major banks accelerate listing preparations
Are bank profits really 'satisfactory'?
AIA urged to expand investment in Vietnam
Bao Long launches new health insurance product
Moody's: Diversified economy offers Vietnam greater resilience than Cambodia
HSBC: Equitisation not a solution for fiscal deficit
Vietnam pushes divestment in state-owned firms to counter rising public debt: HSBC
Vietnam safety index improves: Report
Vietnam's exports to Algeria increasing
ROK exports to Vietnam soar 67.3pct in first half of 2017
ROK logs $2.4 billion trade surplus with Vietnam in July
June shrimp exports to US slide, cloud economic outlook
Vegetable, fruit import strongly increases
Bac Ninh attracts almost 3 billion USD in investment
Seven-month FDI nears 794 million USD in Dong Nai
Questions abound over BOT projects' cash flows
Land bank needed for agricultural development
Survey reveals most Vietnamese don't trust e-commerce
Railway sector asked to improve competitiveness
Sales of nutritional products for elderly citizens may fare well
Foreign investors sought for BOT projects
MobiFone, VNPT ordered to complete equitisation
VN accelerates overseas tourism promotion
Why are foreigners indifferent to housing ownership in Vietnam?
City helps firms up capacity
Tra Vinh province launches e-commerce website
Indonesia told to invest in Vietnam to boost trade
BIZ NEWS
Business Briefs August 16, 2017
Market down on fragile confidence
All indexes lose ground
HoSE appoints new acting chair
Slow disbursement hinders ODA transport projects
Tien Giang Province suggests slashing toll fees to ease objection
Digital terrestrial television covers 30 localities
Noi Bai airport uses new navigation method to reduce flight delays
Dong Nai told to do feasibility study for Long Thanh airport
Co Chien IZ to be built for $53m
Ninh Thuan rues ineffective industrial parks
Two projects found discharging waste water into Da Nang beaches
Hue to turn backpacker area into pedestrian-only quarter
Mega polyester fibre plant may resume production
Mekong Capital invests $4.9 million in YOLA
RISIS expands its footprint in Vietnam
Dien Quang Lamp sees plunge in profit
Local firm introduces lighthouse exploration tours
Southern lottery companies bow down to Vietlott
GrabBike drivers slam on the brakes in Hanoi to strike against pay cut
Wellness resort group comes to Phu Quoc
InVision Hospitality to manage Scenia Bay
Vietnam wins prize in Asia HRD Awards 2017
Online marketing forum expected to feature new solutions
Startup Exchange 2017 to be launched next week
Medi Pharm Expo opens in HCM City
Top Thai brands exhibition to open in Hanoi
Please click here for details: Finance Vietnam News - August 16, 2017
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Vietnam’s import and export value reached a total of US$145.59 billion in the first quarter (Q1) of 2024, marking a year-on-year growth of 18.2%. However, the customs budget revenue saw a 3% year-on-year decline, amounting to VND71,520 billion in the quarter, thereby achieving 19.1% of the full-year target.
RAPID LAW IMPLEMENTATION MAY PROPEL MARKET FORTUNES
“Investors and developers are looking forward to the implementation of the new law, which will remove obstacles for a range of projects that are struggling due to stalled procedures and lack of legality. For them, the earlier the better,” he said.
NATION URGED TO BUILD ON ECO-IP MODEL
Industrial parks (IPs) involved in an initiative that aims to help push them into the realm of being classed as eco-parks have seen improvements across a string of indicators, according to a review event in Ho Chi Minh City last week.
YEN LU INDUSTRIAL PARK: NEW DESTINATION FOR INVESTORS
Bac Giang is a destination chosen by many domestic and foreign investors thanks to its locational advantages and its most opening and favorable investment policies. Assisted by local authorities, Capella Land Joint Stock Company has effectively invested in industrial zones, especially Yen Lu Industrial Park - a new destination for investors, to contribute to the province’s success in investment attraction.
OPTIMIZING LEGAL AND REGULATORY FRAMEWORKS FOR EFFICIENT PUBLIC INVESTMENT DISBURSEMENT
According to the Ministry of Planning and Investment, a 1% increase in public investment raises GDP by 0.058%, and each VND1 disbursed stimulates an extra VND1.61 from the non-state sector. However, plan implementation often falls short at around 80% annually, despite government efforts.
NATION URGED TO BUILD ON ECO-IP MODEL
For the 2020-2024 project, three IPs were selected for the transformation including Deep C Industrial Zones in the northern city of Haiphong, AMATA City Bien Hoa in the southern province of Dong Nai, and Hiep Phuoc IP in Ho Chi Minh City. Over the last four years, the level of compliance with the international framework on eco-IPs for all pilot complexes has increased in terms of environment, economy, and management.