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INTELLASIA FINANCE & BUSINESS NEWS - SEPTEMBER 13, 2017
FINANCE
Reference exchange rate up by 4 VND
Domestic gold prices fall sharply
PM urges lower interest rates, taxes stable
Interest rates, if applicable, will fall by 0.5pct per annum only: expert
HSBC: Vietnam is likely to reach credit growth target of 21pct
HSBC: Credit misallocation dampens GDP growth
Foreign capital welcomed to join weak bank's restructuring
Banking sector to maintain positive trend in Q2/2017: VCBS
Why is Dang Thanh Binh being charged with 'lack of responsibility'?
Outlook on Techcombank revised to stable
Vietinbank becomes Diners Club card issuer
Joint Statement on promoting startups in Apec issued
Apec forum looks towards dynamic, networked start-ups community
More efforts needed to enforce EU-Vietnam FTA
State budget collection up 13 per cent
Restructure the State Budget to make it more efficient
VN to complete statistical indicators set for sustainable development
Vietnam's government steps in to suspend sweeping new tax hikes
Minister: Law on special economic zones will offer strong boon for investors
Special Economic Zones may have single leader
Tuna exports to emerging markets on the rise
Exports to Algeria up 26pct
Australia extends VN's wind towers investigation
Australia-Vietnam launch new Agriculture Strategy
Coconut farming languishing
Winter crops to span 410,000 ha in northern region
Automobile sales dips 6pct in eight months
Airport service fees to increase from October
Quang Ninh's efforts pay off in improving competitiveness
Foreigners hail business opportunities in Vietnam
French firms learn about investment chances in Da Nang's hi-tech park
Vietnamese retailers stay outside competition of single-price chains
Vietnamese businesses bet on huge investment projects
Digital economy vital for MSME growth
Foreign capital strongly flows in pharmaceutical industry
Solar panel industry sees growth
Italy offers grant to help study Vietnam's railway infrastructure upgrade
Ben Tre to up industrial investment
Tra Vinh will support private economic development
BIZ NEWS
Business Briefs 13September, 2017
Bank stocks lift the market back up
VN Index breaks 7-day winning streak
Mekong Enterprise II lowers stake in MWG
Vietnam at high risk of APT attack
North-South toll fees too high
AgriTech accelerator for Mekong Sub-region launched
ACV to invest nearly $2 billion to upgrade key airports
Coal-fired power projects should accompany renewable energy production
Waste treatment problem hinders coal power plant development
SOEs name new staff to top management posts
Tokyo introduces tourism products in HCM City
HCM City suspends much-touted bus rapid transit project
Bac Ninh to invest VND570 billion in smart city project
Hanoi to have more waste-to-energy plant
Work begins on second quay of Long An Port
Mondelez Kinh Do accelerates its presence rapidly after M&A deal
BMW Group Asia chooses Thaco as new dealer of BMW, MINI in Vietnam
Doosan Vina Ships Three Giant RMQC Cargo Container Cranes to India
Japanese company gets customs priority status
Samsung continues to look for Vietnam suppliers
Vietnamobile rolls out 3G nationwide
Synnex buys 47pct stake in FPT Trading
FPT opens office in Denver, its 5th in the US
Seminar to bring together sellers, buyers of ICT services
Vietnamese products introduced at World Food Moscow 2017
Vietnam-AV Show 2017 to be launched on Friday
Please click here for details: Finance Vietnam News - September 13, 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.