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Business Brief July 10

10-Jul-2015 Intellasia | | 3:54 PM

* Thep Viet Trading and Production Company will acquire 110,000 shares of Pomina Steel Corporation (POM) to raise its holding to over 116.8 million shares (62.3 percent) [...]
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Vietnam – EAEU trade pact to mutually benefit

10-Jul-2015 Intellasia | VNA | 6:00 AM

The free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) represents a turning point and huge mutual benefit, said Nguyen Thi Thu Trang, director [...]
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Wave of Thai investments into Vietnam: forum

10-Jul-2015 Intellasia | VNA | 6:00 AM

Major and small- and medium-sized enterprises from Thailand have expanded operations in Vietnam in recent years, helping create an inflow of Thai investments, experts said at [...]
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11777 labourers went abroad for work in June

10-Jul-2015 Intellasia | VNS | 6:00 AM

About 56,173 Vietnamese labourers, including 16,942 women, worked overseas in the first six months of the year, a 1.7 per cent increase compared with the same period last [...]
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HCM City among world’s top 10 dynamic cities

10-Jul-2015 Intellasia | Vietnamnet | 6:00 AM

HCM City was ranked sixth among the most dynamic cities in the world, according to the recent 2015 City Momentum Index of the real estate services and investment management [...]
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Insurance, bank tickers push market up

10-Jul-2015 Intellasia | The Saigon Times | 6:00 AM

On July 7 saw the stock market going up for a fourth consecutive session as insurance and bank tickers like BVH, BMI, BID and CTG turned attractive to buyers. Closing the [...]
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Banks’ bad debt issue: handling collaterals is the most difficulty

10-Jul-2015 Intellasia | VOV | 6:00 AM

The bad debts of credit institutions (CIs) in Hochiminh city is currently over 50 trillion dong. The bad debt ratio is 5.2 percent of the total outstanding credit, up by 0.29 [...]
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State Treasury to issue 20-year G-bonds

10-Jul-2015 Intellasia | The Saigon Times | 6:00 AM

The State Treasury will sell VND6-7 trillion (US$275-321 million) worth of 20-year government bonds, marking the first time such a long bond tenor has been reintroduced since [...]
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When will SBV stop acquiring banks at zero dong per share?

10-Jul-2015 Intellasia | Bizlive | 6:00 AM

The State Bank of Vietnam (SBV) has officially announced to acquire the Global Petro Commercial Joint Stock Bank (GPBank) at zero dong per share on July 7th 2015. This is the [...]
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High demand for capital leads to interest rate hike

10-Jul-2015 Intellasia | Nhip Cau Dau Tu | 6:00 AM

It is inevitable that the increase of demand for capital will lead to the rise of interest rates. However, there is a reason from the tightened monetary policy of the State [...]
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Finance departments likely to set cane prices

10-Jul-2015 Intellasia | The Saigon Times | 6:00 AM

The provincial departments of finance would help set sugarcane prices for farmers and refineries 30 days before a harvest season begins as required by a draft decree. The [...]
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Controlled inflation should ensure economic growth: paper

10-Jul-2015 Intellasia | VNA | 6:00 AM

The year’s target of a 5 percent increase in the consumer price index (CPI) is feasible amid encouraging results for inflation and price controls in the first six [...]
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Hanoi sees highest first-half growth rate in four years

10-Jul-2015 Intellasia | VNA | 6:00 AM

Hanoi recorded an economic growth rate of 7.8 percent in the first half of 2015 – the fastest pace in the same period of the last four years, revealed the 13 th sitting [...]
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Enterprises in Hanoi face 2.4tr dong tax debt

10-Jul-2015 Intellasia | SGT | 6:00 AM

Hanoi City has reported total tax arrears of over VND2.4 trillion (US$110.2 million) since many local enterprises have delayed tax payments, according to the Hanoi Tax [...]
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Vietnam overtaking the Philippines

10-Jul-2015 Intellasia | Phil Star | 6:00 AM

Our economy seems to be doing well with an impressive growth rate at over six percent last year – prompting officials to say we could even hit nine percent this year. [...]
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