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Business Brief August 01

01-Aug-2014 Intellasia | | 11:16 AM

* Hoa Binh Construction and Real Estate Corporation (HBC) has won two new construction packages in Hanoiand Ha Tinh Province. The first 170 billion dong package is to build [...]
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Cabinet meeting: economy on track

01-Aug-2014 Intellasia | VNS | 6:00 AM

Positive signs continued in July for the country’s socio-economic development, the Ministry of Planning and Investment told a regular cabinet meeting which opened in [...]
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Complex tax laws don’t deter foreign investment

01-Aug-2014 Intellasia | VNN | 6:00 AM

The complexity of Vietnam’s business tax climate is not impeding the attraction of foreign investment, and oddly enough, is appealing to a corrupt element of investors [...]
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Vietnam exports face tough challenges

01-Aug-2014 Intellasia | VNS | 6:00 AM

Low value adds, poor quality of exports and heavy dependence on raw material imports along with poor processing facilities and transportation were affecting the [...]
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Vietnam-UK trade gathering steam

01-Aug-2014 Intellasia | VOV | 6:00 AM

Trade turnover between Vietnam and the UK picked up the pace in the first five months of the year, striking $2 billion, according to statistics from the Vietnamese Trade [...]
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Foreign Companies Report Labour and Skills Shortage in Vietnam

01-Aug-2014 Intellasia | Vietnam-briefing | 6:00 AM

Despite a still recovering economy, demand for workers in Vietnam is seeing strong growth. However, supply and skills have not kept up with this increasing need. Demand has [...]
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Philippine firms encouraged to invest in Vietnam

01-Aug-2014 Intellasia | VNA | 6:00 AM

Vietnamese Ambassador to the Philippines Truong Trieu Duong has called on Philippine businesses to expand their investment in Vietnam. Speaking at the 22nd Metro Manila [...]
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Minimum wage rise of 23pct proposed for next year

01-Aug-2014 Intellasia | Saigon Times Daily | 6:00 AM

The Vietnam general Confederation of Labour has proposed an increase of 23 percent in the minimum wage next year to help workers improve their living standards, according to [...]
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State budget and treasury misused and misallocated

01-Aug-2014 Intellasia | Dtinews | 6:00 AM

The government Inspectorate has discovered several cases of malfeasance related to accounting and dispersal of the state budget and treasury. The agency has reached the [...]
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Chinese oil rig cost Vietnam 0.7pct of GDP

01-Aug-2014 Intellasia | Dtinews | 6:00 AM

China’s illegal placement of Haiyang Shinyou 981 oil rig on the Vietnamese continental shelf was estimated to have cost Vietnam around USD1.5 billion, or 0.7 percent of [...]
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Trade surplus tops $1.3b in first 7 months

01-Aug-2014 Intellasia | VNS | 6:00 AM

The country’s trade surplus in the first 7 months of this year reached $1.26 billion thanks to a good export performance, the general Statistical Office reported. The [...]
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State budget revenues meet 57.3pct of yr’s estimate: GSO

01-Aug-2014 Intellasia | GSO | 6:00 AM

The total state budget revenues since early this year till the middle of July 2014 were estimated at 448.9 trillion dong, equalling to 57.3 percent of the year’s [...]
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Consumer confidence revives after political tensions with China: ANZ

01-Aug-2014 Intellasia | Vnexpress | 6:00 AM

“Vietnam’s consumer confidence has been renewed as the macro situation has been gradually improved after a short period affected by political tensions with China. [...]
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Consumer confidence improves in July

01-Aug-2014 Intellasia | Bizhub | 6:00 AM

The ANZ-Roy Morgan Vietnam Consumer Confidence Index posted another strong gain, increasing by 3.1 points to reach 134.1 in July, to stand well above the 2014 average of [...]
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Over 37,600 businesses dissolve, stop operations

01-Aug-2014 Intellasia | Tuoi Tre | 6:00 AM

As per Department of Business Registration (Ministry of Planning and Investment), in July 2014, Vietnam had 5,083 new businesses, down 16.5 percent in quantity and 45 percent [...]
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