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INTELLASIA FINANCE & BUSINESS NEWS - MARCH 21, 2018
FINANCE
Reference exchange rate up 9 dong
SBV net withdraws 127.6tr dong from the system within a month
Central bank enhances supervision
Total outstanding real estate loans at over $21b
Banks attract foreign capital to restructure
New season for life-insurance products begins
Singapore giant targets at Vietnamese fintech market
VPBank to lift charter capital
OCB is VN's first omni-channel bank
VN moves closer to full global integration
Growth predicted at 6.23pct in first quarter
Vietnam makes every effort to successfully host ASOSAI 14
VCCI to announce PCI 2017 Thursday
Industry growth predicted to hit over 6.8pct in Q1
Trade deficit with Asean put at $6.51 billion
Tien Giang moves to manage quality of star apple exports
Methodical approach to exporting aquatic products to US suggested
US's antidumping duty ruling lacks legal basis: VASEP
Vietnam to become RoK's second largest importer
Cultivation law promotes farm produce's competitiveness
Mechanical engineering sector to join global value chain
CPTPP facilitates growth of Vietnamese timber industry
Land lot prices spike in City
Office rents in HCM City 50pct higher than in Hanoi
Greening out real estate projects
Top five foreign investors in Vietnam's real estate announced
Recycled building materials struggle for development
Foreign investors keen on Vietnam's consumption growth
Start-ups to be given 30pct of investment from State budget
Can Amazon compete in Vietnam?
Vietnamese billionaires inspire local firms
The curious case of mini marts and convenience stores in Indonesia and Vietnam
Technology aids Delta firms: VCCI
Hai Phong: Infrastructure all set but few firms ready for e-business
Danang to have $1 billion hi-tech centre
Capital eyes 159 industrial clusters by 2030
An Giang expands material tra fish farming area
Japan supports garlic farming in Nghe An
BIZ NEWS
Business Briefs 21 March, 2018
VN Index rises for sixth straight day
VN Index firm amid profit-taking
Foreign investors eager to acquire Habeco
FPT Retail to be listed on HoSE
DS3: Stock eligible for margin trading
Billionaire: a 'national brand'
Former NA official urges support of wealthy people who can help VN's development
Vietnamese rubber firms' contribution to Cambodia appreciated
International bidding for major expy set for next year
Quang Ninh to pilot Chinese coaches into Halong City
Kien Giang moves to support local fishermen
Da Nang pictures Dubai-like urban area
Quang Binh to launch golf course
PM approves inspectorate's conclusion on MobiFone-AVG irregularities
Saigon Petro's proposal for fuel tax adjustment rejected
FPT cooperates with US school to hold leadership course
Toyota Vietnam recalls Corolla Altis over faulty rear shock absorber
Technical error interrupts services of Vietnam's VinaPhone
Petrolimex Aviation recognised as Vietnamese top brand
Canon announces 6 new printers
Sabeco rebuffs State Audit's allegation
Keppel Land holds 100pct interest in Saigon Sports City project
Can Tho conference to promote investment in logistics, tourism, IT
ProPak Vietnam, Plastics & Rubber exhibition open
Please click here for details: Finance Vietnam News - March 21, 2018
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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.