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INTELLASIA FINANCE & BUSINESS NEWS - JUNE 26, 2017
FINANCE
Reference exchange rate goes down at week's beginning
Expert warns over possible increase in USD exchange rate
Reference exchange rate runs faster than 2016
Capital adequacy ratio of CIs falls to 12.59pct
Vietnam ditching leather for e-wallets
Japanese partners have no intention of opening wholly foreign-owned banks
Maritime Bank provides auto cashback for Clingme users
VIB pays cash dividend at 5pct on July 5th
OceanBank sold to a foreign partner in Asia
Vietnam remains in MSCI Frontier Markets Index
Strong fundamentals
World Bank approves $300mn finance for Vietnam's transport connectivity, forest protection
Fruit, vegetable exports growing
Fruit, vegetable exports grow strongly, exporters still worry
Ornamental fish export revenue up
Vietnam gets nod to export poultry to Japan
Auto enterprises propose import duty reduction
New government decree targets labeling violations
Politburo gets tough on 12 loss-making projects
Social Insurance Fund may get nod to invest in high-return projects
SOE equitisation targets transparency
Vietnam military considers pulling out of economic activities: deputy minister
HCM City urged to improve transport infrastructure
Administrative reforms assist Hanoi businesses
FDI in Hanoi lifts city to new highs
Vietnam's private sector overburdened with costs
Retail set for tech transformation
Textile and garment industry undergoes restructuring
E-commerce logistics industry faces harsh competition
Co-working space projects attract foreign investors
Omni-channel emerges as new retail business model
Vietnamese firms urged to boost branding
Competition heats up as convenience stores race for dominance in Vietnam
Vietnamese agriculture improves quality for exports
High-end toy market is booming
Mom and baby retail market large but not easy to be successful
Japan assists Vietnam in managing construction projects
RoK investors explore chances in Can Tho's health care, construction
Mekong Delta seeks ways for greener Tra fish industry
Ensuring sustainable lobster production
BIZ NEWS
Business Briefs Jun 26, 2017
Petrolimex, Sabeco pull VN Index up
VN Index rebounds on blue chips
IPO to look out for: VRG's mega-land bank
Billionaires vye for top 'richest' spot
Hanoi at risk of losing Japanese funding if roadworks don't start by end of July: mayor
Lychees in Bac Giang sold well
Houses on farmland in HCM City can be reconstructed
Leaking dam threatens two northern cities
Firms told to fix substandard fishing boats
Vam Cong and Cao Lanh bridges ready this year
Hanoi investment conference brings in trillions of VND
Hanoi's six-month tourism rakes in 1.54 billion USD
Bac Giang attracts some 1,200 investment projects
Investment abroad for eventual settlement abroad: new trend for the rich
EVN exports 0.7 billion kWh of electricity in H1
Vinalines Container launches first lighterage service in the north
VEAM steps up manufacturing of machines for export
Enabling Boat: ICT training for coastal youth empowerment
Korea's Hanwha, BCG Bang Duong ink deal to build solar power plant
Taxi assoc accuses Uber, Grab of ignoring transport contract requirement
10,000 Vinasun cabbies seek permission for rally against Uber, Grab in Vietnam
Isuzu launches SPV models
Construction on powdered chili plant begins in Vietnam
A lionhearted Vietnamese mobile network brand
FLC Group starts construction of Vietnam's largest hotel
Emirates seeking pilots in Vietnam
VN leads Asia in corporate gender diversity
Five-star holiday packageWhen Vinpearl joins hands with Vietjet
Well-known businesses battle imposters on Facebook
Hoa Sen Group joins Vietbuild Ho Chi Minh International Exhibition
Conference discusses development of smart cities
First agricultural trade fair opens in An Giang
Vietnam, RoK to hold seminar on sustainable textile industry
Angel investors shared experiences with Vietnamese startups
Please click here for details: Finance Vietnam News - June 26, 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.