Expert talks ways to avoid another Vinalines case; Ministry to ban imports of used textiles, electronics; Ethanol to be exported due to lack of domestic demand; Farmers lose patience with cashews, switch to rubber
VietNamNet Bridge – The government has been urged to stop providing preferential
loans to enterprises to help them collect rice from farmers, because the program
does not help agricultural production.
The Chief Executive Officer (CEO) of one of the biggest
banks in Vietnam received 80 million dong a month, while a colleague of his, who
managed a smaller bank, got 200 million dong.
The retail industry is experiencing the gloomiest days
with products unsold and merchants leaving the market. Most of the enterprises
which got bankrupted in the first four months of the years were retailers.
Minister of Finance Vuong Dinh Hue assured the public on Tuesday that
the Government's VND29 trillion (US$1.38 billion) business support
package would make it into the hands of the people who needed it most
via a transparent process.
Fuel traders offer big commission for agents; Ocean Bank to sell 15% stake to Hermes Capital; New information disclosure rules to apply beginning June 1; Sacombank real estate arm posts high profit in first quarter
The investors, who believed that resort real estate,
unlike other property market segments, would never fall into decay, have changed
their thoughts and tried to run away from the market.
VietNamNet Bridge – The figures released by taxation bodies, the Ministry of
Planning and Investment, Small and Medium Enterprises’ Association and the
Vietnam Chamber of Commerce and Industry (VCCI), all show that a lot of
businesses are sinking.
VietNamNet Bridge – The rapid-fire pieces of news about the big debts
incurred by Hoang Anh Gia Lai and the slow sale of its real estate
products have raised doubts about the health of the conglomerate.
Hanoi CPI up 0.16 percent in May; Pepper exports to see substantial growth; Deposit interest rates may fall to 9% by year's end; Economic crisis hits Q2 export orders; Rule to limit foreign currency loans
Vietnam now has the great opportunity of earning billions
of dollars a year more from exports thanks to the value added tax (VAT) immunity
policy applied to the foreigners and overseas Vietnamese passing through the
country's two biggest airports.