Since 1994 till the end of 2010, Vietnam has invested $566 million in 41 projects in Cambodia, ranking at the ninth position amongst foreign countries investing in Cambodia, Vu Thinh Cuong, Vietnamese commercial counsellor in Cambodia said. Vietnamese enterprises mainly focused on sectors such as rubber growing, aviation services, telecommunication, garment and textile, tourism, construction [...]
Mar 31 2011 | Posted in
Investment |
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In the first three months this year, HCM City’s fuel import was nearly $380 million, increasing 83.7 percent against the same period last year, according to the HCM City Statistics Bureau. In which, the average fuel price increased 33.6 percent year‐on‐year. In February, the city’s import for fuel was only $99.3 million, falling 19.7 percent [...]
The Foreign Investment Agency under the Vietnamese Ministry of Planning and Investment (MPI) reported that in the first two months of this year, Vietnamese enterprises registered a huge amount of capital invested abroad. There were 16 projects in nine investment sub‐sectors, but the total registered investment capital was estimated at over $1.264 billion, only about [...]
Mar 31 2011 | Posted in
Investment |
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The Vietnamese Ministry of Finance has submitted to the government a 7-trillion dong plan of extending Corporate Income Tax (CIT) for some difficult objectives, the local newswire VnExpress reported. A source from the ministry said that the plan had been finished and submitted on March 30 for asking the government’s approval. As estimated, there are [...]
Mar 31 2011 | Posted in
Banking-Finance |
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US dollar interest rates are expected to slide in the coming months after the State Bank of Vietnam (SBV) tightened dollar lending rules last Friday. “In the coming weeks, I think many banks will cut deposit and lending interest rates for the dollar,” said Vo Thi Sanh, head of BIDV’s Assets Liabilities Management Division. “Most [...]
Mar 31 2011 | Posted in
Banking-Finance |
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The Annual Business Report 2010 conducted by the Vietnam Chamber of Commerce and Industry (VCCI) showed a downward trend chart of state-owned enterprises in the capacity of capital use, from 2008 until now, and the number of active businesses was equal to only half of the number of established enterprises. Dr Pham Thi Thu Hang, [...]
Mar 31 2011 | Posted in
Banking-Finance |
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