Archive for May, 2005
Taya share auction sees no losers
All bidders for Taya Vietnam shares at the initial public offering on Friday won the right to buy into the firm, which was rarely seen at any IPOs before. The Taiwanese-owned [...]
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Seminar to discuss foreign equity stakes in local banks
The first seminar on promoting foreign investment in joint stock banks will be held in Hanoi on June 9. The seminar will be co-organised by Vietnam Association for Financial [...]
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Hanoi draws top rank in FDI
Hanoi has taken the lead this year in attracting foreign investment with over US$1.041 billion of FDI approvals or about 42% of total FDI nationwide. Twenty-seven new FDI [...]
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Companies reliant on banks for working capital
Almost all businesses rely on bank loans for working capital to expand production a survey of small and medium enterprises, being former state owned enterprises has found. Of [...]
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Rain reprieve for Hoa Binh dam
Heavy showers over much of the northern regions since May 28 has brought water flows into the drought affected Hoa Binh dam, which is country’s biggest hydro electricity [...]
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Education bond issues exceeds target
By May 27 the State Treasury had collected over 2.269 trillion dong from the sale of education bonds surpassing the target by 50%, according to the State Treasury. Financial [...]
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Comparative survey of business environment
David Ray, an economist and deputy director of the Vietnam Competitiveness Initiative project or VNCI in the following interview talks about the results of a survey assessing [...]
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Governance transparency key to private sector development
Through international cooperation, a group of international and national experts for the first time studied and announced provincial competition capacity (PCI) which is to [...]
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Second phase of banking modernisation programme starts
About US$112 million will be injected by commercial banks into the World Bank initiated bank modernisation and payment system project for the second phase in the near future, [...]
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Eximbank clears dud loan overhang
The Vietnam Export-Import Commercial Joint Stock Bank, or Eximbank is scheduled to hold its annual general shareholders’ meeting in June. According to general director of [...]
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Criticism over lengthy tax refund delays
Tax authorities in HCM City are being heavily criticised delays in tax refunds after repeated payout delays, according to the local business community. Delays in tax refund [...]
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Hunt for low lending rates
Bank lending interest rates are slowly inching up forcing borrowers in HCM City to shop around to find the cheapest borrowing rates. An operator of a commercial joint stock [...]
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Economic growth targets
On the sideline of the seventh National Assembly session, vice chair of the NA Committee for Economic and Budgetary Affairs (Ceba) Dang Van Thanh talked about Vietnam’s [...]
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Rain reprieve at Hoa Binh dam
Heavy showers over much of the northern regions since May 28 has brought water flows into the drought affected Hoa Binh dam, which is country’s biggest hydro electricity [...]
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Foreign firms pay 60% of income tax payments
Personal income tax (PIT) from employees of foreign invested enterprises is starting to play a more important role in contributing to the state budget and Vietnam?s economy. [...]
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