Home » Archive for January 17th, 2013

Color-coated steel sheets face anti-dumping case

Jan 17, 2013, 9:51 PM (GMT+7)
After Indonesia slaps anti-dumping duties of 13.5-36.6% on Vietnam’s cold-rolled steel, Thailand will likely bring up an anti-dumping case against Vietnam’s color-coated steel sheets due to an upsurge in export of this item to Thailand. The Vietnam Steel Association (VSA) said on Tuesday the metal-plated and color-coated steel sheet association of Thailand late last year had issued the second... 
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Experts: Settling bad debt no easy task

Jan 17, 2013, 9:50 PM (GMT+7)
Foreign financial experts have cast doubt on a quick fix for bad debt in Vietnam, saying the country lacks a clear mechanism for debt settlement. Darry Dong, a global financial market expert at International Finance Corporation (IFC), said Vietnam lacked a mechanism for foreign investors to get involved in settlements of bad debt. Few foreign investors pay attention to bad debt settlements here due... 
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Chances abound for cash-rich property investors: CBRE

Jan 17, 2013, 9:42 PM (GMT+7)
This year will offer bargain-hunting opportunities for cash-rich investors as they can take over cash-strapped realty projects that are looking for buyers, CB Richard Ellis Vietnam (CBRE) told a meeting with local real estate firms in HCMC on Tuesday. Marc Townsend, managing director of CBRE, told the meeting many investors this year consider cash as their decisive advantage instead of project sites... 

Demand for IT manpower outnumbers supply

Jan 17, 2013, 9:41 PM (GMT+7)
Information technology (IT) companies, especially large-scale software firms, insist their demand for recruiting employees is always high to ensure processing subcontracts in the first quarter while supply is still limited. According to FPT Software, the largest software enterprise in Vietnam, the firm has about 4,000 workers and plans to additionally employ some 9,000 people from now to 2015. In... 

TV’s big 4 pay VND536 billion tax

Jan 17, 2013, 9:38 PM (GMT+7)
Vietnam’s four biggest television stations paid a total of VND536 billion in corporate income tax in 2011, according to statistics of the Ministry of Finance. According to the ministry, when amending some articles of the Corporate Income Tax Law, the ministry only proposed reducing the tax to 10% for some print media organizations. It is because print newspapers have encountered many difficulties... 
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VinaWealth introduces opened-ended investment fund

Jan 17, 2013, 9:35 PM (GMT+7)
VinaWealth Fund Management JSC (VinaWealth) has introduced Bao Thinh VinaWealth Enhanced Fixed Income Fund (VFF) under its management as an opened-ended bond investment fund. VinaWealth is backed up by VinaCapital group as a majority stakeholder of 49%. At the road show on the fund’s operation in HCMC on Tuesday, Dang Vi Thanh, head of Retail Sales of VinaWealth, said 80% of the fund’s portfolio... 

Market turns around with strong liquidity

Jan 17, 2013, 9:34 PM (GMT+7)
As demand picked up strongly in the afternoon session on Tuesday, the local market staged a strong rebound after just one day of correction while turnover got a boost from a widened trading band to nearly VND1.2 trillion. The main index opened in the red with trading rather sluggish because investors were overwhelmed by the fear of deep correction. There was also fear that the increased trading band... 

Official gold market tightening would generate underground gold market

Jan 17, 2013, 8:14 PM (GMT+7)
Once the State Bank tightens the management over the gold market by setting higher requirements on gold trading entities, a lot of private gold companies would leave the official market, but they would set up a new black market somewhere. With the strict requirements on gold trading companies (they must have the minimum chartered capital of over VND100 billion, have at least 2-year experience in gold... 
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Vietnam five-year bond yield falls to 2009 low on rate-cut bets

Jan 17, 2013, 7:47 PM (GMT+7)
Vietnam’s bonds rose for a fourth day, pushing the five-year yield to the lowest since June 2009, on speculation the central bank will add to last year’s six interest-rate cuts to support the economy. The dong weakened. Prime Minister Nguyen Tan Dung ordered the State Bank of Vietnam to pursue policies in 2013 that spur lending and growth while containing inflation and maintaining the dong’s... 
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