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INTELLASIA FINANCE & BUSINESS NEWS - DECEMBER 12, 2017
FINANCE
Reference exchange rate down 5 dong
VND weathers Fed rate hike
Exchange rate to reach 23,000 VND/USD in 2019
A large amount of money has been pumped back to the market by SBV
People still choose consumer loans despite 'huge' lending rates
Banks' bad debts and the two-colour picture
ANZ upbeat about Vietnam's prospects
Vietcombank earns 342b dong from the sale of capital at Saigonbank and CFC
VietinBank wins Vietnam Outstanding E-Banking Award 2017
Vietnamese bankers to stand trial in connection with $400m fraud case
Experts: VN economy promising next year
World Bank forecasts Vietnam's GDP growth of 6.7pct
WB reaffirms continued support for Vietnam
City sets aside VND40 trillion for 2018 public investment
Vietnam: 90pct of farm products exported in raw form
Chinese veggies cause public concern
Food management a top concern
Nearly 245,000 autos sold in Jan-Nov
Vietnam's oil exploitation exceeds set plan
Doubts persist over E5 fuel sales
Vietnam fuel distributors to shift to ethanol blend this week
eTax services started in two northern provinces
Cyber law balances security, information freedom
AmCham objects to requirements on data centers in Vietnam
Busting out newest tech to aid Vietnam's turn towards the sun
Why US investors are hesitant to invest in Vietnam?
Vietnamese electronics industry in desperate need
Government regulation offers golden opportunity for local auto production
Big data the future of supply chain management and logistics
33pct of farming cooperatives efficiently operate: Ministry
More Chinese investors relocate manufacturing to Vietnam
BIZ NEWS
Business Briefs 12 December, 2017
Shares opens week in negative zone
All indexes lose ground
Experts: Selling pressure seen easing
Vietnam plans to raise over $570 million through IPOs in energy firms
Thai Beverage bids on 25 per cent of Sabeco
Can Tho sees tourist arrivals up but few stay
iPhone X sells out in HCM City
Vietnamese goods enjoy promotion gains
Vietnamese people spend nearly 13tr dong eating out every month
Recruitment in 2018: manufacturing, wholesale and construction to record lightening growth speed
Bulgarian wines to be presented in Hanoi
Hanoi metro trial run delayed again
Hanoi police close down railway cafes
Foreign tourists spending in Vietnam remains low
Mountain market a hub for ethnic traders
Illegal sand mining damaging HN dyke
Nat'l project seeks to improve coffee quality, develop premium brand
Thaco opens region's largest bus factory in central Vietnam
FPT IS becomes IBM's platinum partner
USG Boral increases investment in Vietnam
Lazada returns with wilder Online Revolution
Shenzhou completes textile and apparel production chain in Vietnam
JC&C reinforces presence in Vietnam
GE to drive wave of solar investment in Vietnam
Vast opportunities for financial metasearch platform
Vietnam Airlines' member ranks second in global network
Vietnam Airlines offers promotional tickets for New Year
Vietjet honoured as most popular airline
Operator of Thu Duc Agro Market frets over waste
Sakura Vietnam introduces new brand identity
PetroVietnam surpasses 11-month targets
InterContinental Danang wins 'World's Leading Luxury Resort' award
Forum connects Vietnamese startups in US and VN
Goods supply-demand matching conference attracts 2,800 companies
Expo-Russia Vietnam to enhance bilateral economic links
Please click here for details: Finance Vietnam News - December 12, 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.