French businesses confident with HCM City investment climate
French businesses that are now doing in Ho Chi Minh City are confident with a investment sourroundings in a locality, pronounced a comparison French official.
Fleur Pellerin, Secretary of State for Foreign Trade, Tourism Promotion and French Nationals Abroad of a French Ministry of Foreign Affairs and International Development, hailed a city’s energetic expansion during a Jul 21 accepting given by Le Hoang Quan, Chairman of a metropolitan People’s Committee.
She pronounced she will ask a French Development Agency (AFD) to closely work with a city to pull adult team-work programmes, generally between a dual business communities.
She welcomed effective team-work between Lyon city of a Rhône-Alpes segment and HCM City, observant both localities have many things in common that support their destiny ties.
Briefing a guest on a city’s pivotal infrastructure projects, Quan voiced his wish that a French supervision and businesses will support a city in providing financial and technical assistance for these projects.
He pronounced HCM City and France have good intensity for augmenting team-work in a areas of French strength such as ride infrastructure, education, health care, civic management, enlightenment and arts.
The city will do a pinnacle to emanate enlightened conditions for a dual sides’ businesses to foster investment team-work for mutual benefit, he affirmed.
Pellerin is heading a commission of French companies to HCM City to try a internal investment environment.
Property zone FDI rises in 2014
Vietnam will acquire a call of unfamiliar approach investment (FDI) collateral in a genuine estate tourism sector.
Bui Ngoc Suong, behaving authority of a Vietnam Tourism Property Association (VnTPA), told online journal bizlive.vn that genuine estate tourism has been a special sector. Developers have to deposit in both skill and high-quality services.
Statistics from a Ministry of Planning and Investment showed that a nation captivated 6.85 billion USD in FDI in a initial half of a year.
The FDI poured into a skill zone was 692.3 million USD, a 65 percent boost year over year, and accounting for 10 percent of a total.
Suong pronounced FDI in a zone was generally from ubiquitous tourism groups and debate operators, such as from Russia, Japan and a Republic of Korea.
For example, a executive Khanh Hoa range perceived dual FDI tourism projects, namely a 300 million USD Alma and 89 million USD Flowers.
Sharing his opinion, Robert McIntosh, Executive Director, CBRE Hotels, Asia Pacific, pronounced Vietnam had perceived vast investment projects in a hotel and tourism zone given a core of final year.
He pronounced this meant that unfamiliar investors were captivated by a investment opportunities in Vietnam.
However, a country’s tourism courtesy had relied on a intensity of a prolonged and pleasing coastline, though had not finished adequate to assistance a development, he said.
He combined that a zone indispensable synchronised investment while ensuring clarity on information, policies and a business environment.
Vietnamese enterprises should foster joint-venture models in a zone to learn from a supervision and operational practice of unfamiliar investors. This could assistance Vietnam’s tourism zone to join a industry’s tellurian network.
CBRE’s consult formed on views and prospects of private investment in Vietnam showed that a property, tourism and hotel zone comes second in attracting investors, after a retail, food and libation sector.
Footwear giants send orders into Vietnam
Footwear giants like Nike, Adidas and Puma have been relocating their orders from China and Bangladesh into Vietnam given early this year, according to a Vietnam Leather, Footwear and Handbag Association (LEFASO).
The relocating rate is 25 percent aloft than a same duration final year.
Besides, Target Sourcing Services who is among a universe 10 largest distributors and Dansu Group are formulation investment in Vietnam.
Companies that used to sequence in China customarily like high-class purse groups Lancaster and Sequoia Paris have also changed investment into Vietnam to sunder risks.
Timberland and Puma wish to raise prolongation in Vietnam to accommodate a augmenting approach of orders eliminated from China.
Japanese investors penetrating on spark appetite projects
Many vast Japanese companies are meddlesome in BOT coal-fired appetite projects in Vietnam, reported Hiroshi Watanabe, administrator of a Japan Bank for International Cooperation (JBIC).
Watanabe done a matter during a second Vietnamese-Japanese high-level discourse on boosting public-private partnership projects on Jul 16, that was co-chaired by him and Deputy Minister of Planning and Investment Dao Quang Thu.
Japanese firms are negotiating with Vietnamese partners to deposit in projects such as a Nghi Son 2, Vung Ang 2 and Van Phong 1. “These projects are presumably and accommodate Vietnam’s approach for energy, as good as a Japanese firms’ business plans,” Watanabe said.
According to a National Master Plan for Power Development for a 2011-2020 period, Vietnam’s electricity approach is forecasted to grow by 8.1-8.7 per cent per year, with 2020 approach during 330-362 billion kWh and 2030 approach during 695-834 billion kWh.
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has forecasted that Vietnam might have to start importing spark before 2020 given domestic outlay will not be means to accommodate plants’ demands.
NA members call for softened use of state capital
Many National Assembly members have suggested that a law on supervision and use of state collateral invested into enterprises’ prolongation and business discuss a petrify new denote for state collateral tenure in enterprises.
The National Assembly’s Economic Committee’s authority Nguyen Van Giau told a National Assembly Standing Committee assembly final week that a breeze of this law, now underneath discussion, should concede a investiture of an eccentric organisation underneath a government’s control to conduct and manipulate all state collateral in enterprises.
“This resolution will assistance emanate a breakthrough in doing state-owned enterprises (SOEs), thereby separating state bodies’ supervision duty from their duty as craving owners,” Giau said. “Such bodies should concentration on origination mechanisms and policies for enterprises, rather than doing business. They also should transparently opening a efficacy of enterprises’ use of state capital.”
However, a law’s drafters due that a existent denote for state collateral tenure in enterprises be confirmed as now prescribed in a breeze law’s Article 5 on member of state collateral ownership.
Under this, a primary minister, ministries, ministerial-level agencies, supervision agencies and people’s committees would continue sportive some rights to and responsibilities for representing state collateral tenure in enterprises that they establish.
“The dismissal of a stream denote will meant a shock in state collateral management, given it will emanate a new executive apparatus,” pronounced Nguyen Hanh Phuc, Chairman of a National Assembly Office.
But Giau argued that “The upkeep of this denote will not assistance mislay ongoing weaknesses in SOE management.”
For example, when a Vinashin liaison was unclosed several years ago, a Ministry of Transport, that manages Vinashin, was not reason responsible.
Many other National Assembly members have echoed a committee’s view, observant that a existent denote contingency be private as shortly as possible.
Deputy Minister of Finance Nguyen Van Hieu pronounced that a ministries of Planning and Investment and Finance were weighing a pros and cons of 3 scenarios for a new model.
“We are deliberation either we should settle a ministerial-level physique or a dialect in assign of SOEs’ collateral and assets. We also consternation if we should say a existent denote or not,” Hieu said.
“If we say a existent model, multitude will not be means to advance, given state collateral mostly comes from people, while it is being used wastefully by SOEs. At present, all ministries have their possess enterprises that contest with one another. This will revoke a economy’s competitiveness globally,” pronounced a National Assembly’s Council of Ethnic Affairs’ Chairman Ksor Phuoc.
“I totally with a Economic Committee’s offer that there contingency be an eccentric physique in assign of representing state collateral in enterprises,” he said.
National Assembly clamp chairwomen Tong Thi Phong and Nguyen Thi Kim Ngan also gave a thumbs-up to a proposal.
“There should be an eccentric physique that can assistance overcome a weaknesses of SOEs. However, what denote should be used will need serve discussion,” Ngan said.
A good instance of farming financial model
Viet Nam sets a good instance of farming financial model, pronounced unfamiliar donors during a convention reason in Ha Noi on Monday.
The nation has finished 3 farming financial projects with sum collateral of US$548 million. The World Bank supposing US$200 million for a 3rd one.
The design of a 3rd devise is to lift mercantile advantages to farming private enterprises and households by enhancing their opening to finance.
The approaching outcomes include: softened opening to financial services for farming entrepreneurs, augmenting collateral investment done by a farming entrepreneurs as good as augmenting employment, and augmenting lending, quite tenure lending to a farming private zone for collateral investment by all participating financial institutions on market-based terms.
Between 2009 and 2013, this devise has effectively contributed to augmenting core and long-term financial for farming mercantile development, misery rebate and pursuit creation.
Specifically, over 135,000 farming households and enterprises, including 70,000 bad households could opening to a World Bank-funded capital. More than 140,000 new jobs were combined within a reviewed period.
World Bank Country Director Victoria Kwakwa remarkable that Viet Nam has successfully confident a farming financial model. That was given a ubiquitous establishment motionless to offer appropriation for a 3rdproject after a nation finished a 2nd one. It was unprecedented.
The 1st project, deployed in 1996, supposing 600,000 loans for low-income and bad households, and combined 410,000 new jobs for farming residents.
Speaking during a workshop, Deputy PM Hoang Trung Hai rarely valued a significance of a collateral postulated to Viet Nam by a World Bank and other ubiquitous institutions. As a result, a nation has done good achievements in improving vital customary and shortening misery rate in farming areas.
Ministry tightens regulations for used machine imports
The import of used machine will be authorised if a peculiarity is 80 per cent as good as a new one, according to a Ministry of Science and Technology.
The remaining peculiarity is formed on technical parameters of used machine in comparison with that of a new one.
The round 20/2014/TT-BKHCN, expelled final week, also regulates that a machinery, apparatus and technology, if imported, contingency be in use for reduction than 5 years.
The sequence for machine and apparatus reduction than 3 years aged is practical to those used for farming production, libation prolongation and post services.
Minister of Science and Technology Nguyen Quan pronounced Viet Nam speedy a import of complicated and high-technology machinery. However, used machine contingency accommodate mandate of quality, reserve and appetite resources along with environmental insurance standards.
Accordingly, papers display a machinery’s technical standards and quality-control certificates contingency be submitted to a etiquette for clearance.
The law will come into outcome on Sep 1.
This pierce was directed during preventing a influx of archaic machine and apparatus that would spin a nation into a landfill for a world’s rejected technologies.
In 2012, a Government temporarily put a hindrance to a import of old-fashioned used machinery, apparatus and prolongation lines in response to information about a closure of 2,250 companies in China that used emasculate and old-fashioned technology.
Beer plant left unfinished
A drink plant underneath construction in a centre of Ha Tinh City has turn a pasture for internal residents to graze oxen.
Hoang Van Son, emissary executive of a executive city’s Department of Planning and Investment, pronounced that construction on a Toan Cau Beer Plant started in 2004 and was radically finished in 2006.
However, after construction began, internal residents disturbed about wickedness due relocating a plant from a city centre, according to authority of a city People’s Committee Tran The Dung.
“Sooner or after a drink plant will be changed from a city, as a city’s devise does not concede a drink plant to be built in a city centre,” pronounced Son, explaining that when provincial authorities initial educated a association to pierce a drink plant, they perceived no response.
Dung pronounced that a Viet Trung Investment and Co-operation Corporation had not changed a plant given of mercantile problems and given “the city and province’s superintendence was not clever enough”.
Lao dong (Labour) journal reported that a plant’s simple infrastructure was finish and apparatus for drink prolongation was present, nonetheless it had rusted due to sleet and sun.
The Viet Trung Investment and Co-operation Corporation invested some-more than VND262 billion (US$12.4 million) to build a plant, that was approaching to have a ability of 50 million litres per year and emanate jobs for 250 workers.
Vietnamese businesses urged to boost exports to S Korea
Vietnamese enterprises should make larger efforts to accelerate trade promotion, urge prolongation capacities and whet their rival skills to serve daub into a remunerative South Korean market.
According to a Vietnamese Trade Office in Korea, a Korea Rural Economic Institute recently quoted a consult conducted by Hankook Research Co, that pronounced that besides going to tiny and medium-sized supermarkets, Korean consumers also bought food during hypermarkets as good as normal markets.
They also elite environment-friendly dishes and were profitable augmenting courtesy to a nation of start of foods, with tip priority being given to Korean-made goods.
Thus, in sequence to successfully dig into Korean markets, Vietnamese exporters should safeguard a peculiarity of their products with a concentration on food reserve and hygiene as good as make their products opposite from those already accessible in a market, a bureau said.
According to a office, Korea is now one of a world’s heading importers. Last year, a nation spent US$515.57 billion to import generally wanton oil, healthy gas and spark along with machines, wiring and components. Steel and iron, as good as chemicals, were also imported.
Meanwhile, Vietnamese exports to Korea have also gifted poignant expansion in a past few years – from $12.9 billion in 2009 to $20 billion in 2012 and $27.3 billion in 2013, according to a General Department of Customs.
In a initial half of this year, Viet Nam exported over $3 billion value of products to a country. During a period, attire took a lead in terms of turnover with $746 million, followed by seafood with $282 million and timber and wooden products ($230 million). Computers and peripherals ($156 million), mobile phones and components ($164 million) and boots ($149 million) done adult a rest of a exports.
The dialect remarkable that exports of Vietnamese farming products and foodstuff to opposite markets were also increasing.
Trade experts attributed a enlivening formula to efforts by domestic enterprises in exploiting a marketplace and a certain change of a ASEAN-Korea Free Trade Agreement, by that Korea charity taxation incentives to products alien from countries that are partial of a pact.
Credit expansion rises in dual largest cities
Total superb loans this month of Ha Noi-based credit institutions are estimated to in. adult 0.5 per cent to scarcely VND927 trillion (US$43.52 billion), according to a Ha Noi Statistics Office.
The Jul credit expansion of a collateral was revoke than a 2 per cent arise final month.
In detail, short-term superb loans of credit institutions in a collateral are estimated to dump 1.3 per cent over a prior month and 8.3 per cent from Dec 2013, while core and long-term loans are estimated to arise by 4.1 per cent over a prior month and 12.1 per cent opposite Dec 2013.
In July, Ha Noi-based credit institutions are also estimated to have mobilised scarcely VND1,140 trillion ($53.52 billion), adult 2.7 per cent over a prior month and 8.9 per cent from Dec 2013. Meanwhile, a HCM City Statistics Office reported that a city’s credit is estimated to arise 2.2 per cent from a prior month to VND979.9 trillion ($46 billion).
Medium and long-term superb loans accounted for 46.5 per cent, surging 14.5 per cent year-on-year, while a short-term superb loans accounted for 53.5 per cent, rising 5.6 per cent year-on-year.
The city’s credit institutions are also estimated to mobilize a sum VND1,205.6 billion ($56.6 billion), adult 2.8 per cent as compared to June, and adult 14.4 per cent year-on-year.
According to a latest consult on business trends of credit institutions, expelled final week by a State Bank of Viet Nam (SBV), 90 per cent of credit institutions design deposits and loans of a whole banking complement to grow 3.6 per cent in Q3 and 14.2 per cent in 2014.
Officials have so distant shown confidence notwithstanding a delayed credit expansion of 3.52 per cent over a past 6 months, that had lifted concerns over a banking system’s ability to strech a credit expansion aim of 12 to 14 per cent this year.
SBV Deputy Governor Nguyen Dong Tien pronounced that credit expansion will presumably accommodate a aim as it is customarily delayed in H1 and accelerates in H2.
Besides, Tien said, domestic prolongation and businesses have shown signs of recovery. Some pivotal sectors saw a high rate of growth, including exports, ancillary industries and a hi-tech sector. Social and cultivation programmes also reacted positively.
The executive bank will continue to closely guard credit institutions, make suitable adjustments and fast understanding with any problems, Tien said, adding that it will also ask a Government to correct credit policies in farming areas and a farming sector.
CPI increases in Ha Noi, HCM City
The consumer cost indices (CPI) in a country’s dual biggest cities in Jul continued to rise, according to a statistics departments of Ha Noi and HCM City.
The Ha Noi Statistics Department reported that a capital’s CPI in Jul rose adult by 0.18 per cent over June.
The dialect pronounced a dual surges in petroleum sell offered prices during a finish of Jun and a commencement of July, pushed ride costs higher, so contributing to a arise in a CPI.
Ten out of a 11 baskets of goods, that minister to a calculation of a capital’s CPI data, saw an boost in prices this month. Among these, beverages and cigarette groups rose by 0.55 per cent, housing, electricity, H2O and building element saw a 0.53 per cent boost and ride rose by 0.51 per cent.
The dialect combined that tightening of lorry loading ability lifted costs on ride of building material.
In addition, a swell of people attending a university opening examinations also done final on accommodation, food, room rentals and other services.
Gold prices rose 1.97 per cent in comparison with a prior month and reduced 2.51 per cent over a same duration final year. The US dollar saw 0.56 per cent month-on-month arise and 0.76 per cent opposite a analogous duration final year.
HCM City Statistics Department also reported an boost of 0.12 per cent in a city CPI for Jul opposite a prior month and represented a 7.89 per cent year-on-year increase.
However, this has been a lowest CPI arise in months that augmenting so distant this year. Of a 11 baskets of products that saw a arise were food (0.25 per cent), panoply and textiles (0.05 per cent) and warehouses (0.03 per cent). Others that rose were ride (0.4 per cent), posts and telecommunication (0.01 per cent), and products and other services (0.29 per cent).
Beverage and tobacco saw a 0.06 per cent diminution while that of housing, H2O and electricity was 0.07 per cent, preparation 0.12 per cent and party 0.34 per cent.
Pharmaceutical and medical services remained unchanged.
The dialect pronounced a factors that caused a CPI boost in Jul was a arise in prices of meat, egg and vegetables, and generally a new arise of petroleum products offered during a record turn of VND25,640 (US$1.22) per litre.
Retailers offer special deals on propagandize supplies
As a new propagandize year approaches, producers and distributors of propagandize reserve participating in a city’s cost stabilisation programme have augmenting supply and launched promotions to boost sales.
The Huong Mi Handbags Co Ltd, for instance, pronounced it was reserved to offer stablised prices on 600,000 backpacks and schoolbags, adult 30 per cent over final year.
Besides providing products underneath a city’s cost stabilisation programme, a association has also granted products to other provinces and cities nationwide, pronounced Nguyen Ba Dung, a company’s emissary director.
The company’s employees have been operative underneath high vigour to pledge supplies, he said, adding that sales had been good.
Many shops underneath Minh Tien Bag Manufacturing Company, that takes partial in a programme, have perceived many customers, generally during night.
Sales of propagandize bags and backpacks are approaching to boost strongly until a core of subsequent month, according to sellers during these shops. They are charity discounts of 20 per cent for all products until Aug 15.
In addition, Tuan Viet Shoes Co Ltd has introduced many kinds of shoes, labelled 15 per cent revoke than marketplace prices.
Many supermarkets and bookstores have launched promotions on stationery and other items.
The Co.opmart supermarket sequence is charity discounts of adult to 50 per cent on some-more than 1,500 items, including tyro uniforms, propagandize bags, notebooks, pens and other propagandize supplies, until Aug 3.
French supermarket sequence Big C is also regulating a bonus programme called “Vui mua sam, enclose tuu truong” (Happy shopping, acquire behind to school) until Jul 28. The programme offers special discounts of 5-50 per cent on some-more than 500 equipment including notebooks, pens, uniforms and propagandize bags.
Many bookstores in HCM City, including Thang Long, Nguyen Van Cu, Van Lang, Phuong Nam and Gia Dinh, are charity 5-10 per cent discounts on textbooks, notebooks and other items.
The city’s cost stabilisation programme for propagandize reserve this year has a appearance of 15 enterprises with about 500 equipment during stabilised prices, assembly 35-40 per cent of demand, according to a city Department of Industry and Trade.
Ministry issues supplies on section building
The Ministry of Construction expelled Circular No 03/2014/TT-BXD (February 20, 2014) and Circular No 05/2014/TT-BXD (May 9, 2014) on calculation of a area of an section and contributions to a account for operational supervision of a ordinarily owned area of an section building formed on a area of a apartment.
Calculation of use area of an apartment
The use area of an section is distributed formed on net measurements and contingency be available in a certificate expelled to section purchasers. The use area of an section includes a area of walls partitioning bedrooms within a apartment, and a area of patio and loggia trustworthy to a apartment, though does not embody a range walls of a section building, a walls dividing a several apartments, a areas of a building mainstay and a technical box inside a apartment.
The area of patio is distributed in a whole building area. If a patio contains an area of common wall, a calculation is done from a middle corner of a common wall. Once handing over an apartment, a parties contingency privately record a use area of a section that is indeed handed over and a area available in a sealed section sale and squeeze agreement (“Contract”) in a mins of section handover or in a Contract appendix. The notation of section handover or a Contract appendix is an constituent partial of a Contract.
Calculation of account for operational supervision of an section building:
Provincial People’s Committees umpire a horizon of ubiquitous waste for a operational supervision of section buildings within their locality. The horizon of ubiquitous waste is a basement for calculating and formulating appropriation for operational management. If a section building does not nonetheless have a supervision committee, a investors in a section building can calculate and collect a same from a owners and users. If a section building has a supervision cabinet already, a section building operational supervision craving calculates germane fees and they are reported by a supervision cabinet to a Apartment Building General Meeting for passing.
The grant to a account for operational supervision of an section building is distributed on a monthly basis, and allocated according to a net area of a section and other tools of a building not a section (including a garage) underneath private tenure of any section owner.
Who supports a operational supervision of an section building?
If a section building is owned by a singular person, he or she contingency compensate a account for operational supervision of a section building, unless a owners and users have a opposite agreement.
If a section building is owned by mixed owners, a owners and a users contingency compensate a account on a element of ensuring a sufficient bill for a operational supervision of a section building.
Apartment sale and squeeze agreement before Apr 8, 2014
Regarding a Contract sealed before a effective date of MOC Circular No 03/2014/TT-BXD (April 8, 2014), in that a parties concluded to calculate a use area of section formed on measurements done from a centre of a firmness of walls, a grant to a account for a operational supervision of a section building is allocated formed on a net area of a section commencement a effective date of Circular No 05/2014/TT-BXD (June 25, 2014).
Water ride intensity untapped
The Cuu Long (Mekong) Delta’s good stream ride intensity is being frittered divided given of a disaster to deposit scrupulously in building it, experts told a convention in Can Tho on Monday (July 21).
The segment has some-more than 26,500km of rivers and canals and 13,000km of them are used for stream transport.
Pham Minh Nghia, authority of a Viet Nam Inland Waterway Transportation Association, pronounced a delta is deliberate to have among a top firmness of rivers and canals in a world, though this advantage has not been exploited good adequate for transportation.
Zoning skeleton and prioritised projects for building stream ride were combined prolonged ago, though investment in them has been really low, he said.
Le Hoang Linh, executive of a Tan Cang Waterway Transport Joint Stock Company, pronounced 80 per cent of a delta’s containers meant for trade have to be ecstatic to HCM City or Ba Ria – Vung Tau Province by road.
The cost of carrying them by highway ride is 10 -60 per cent aloft than by waterway, he forked out.
More investment is indispensable in stream ride and joining it with other ride modes to safeguard mercantile effectiveness, he said.
The delta is a country’s largest seafood and farming producer.
It has many aged bridges that customarily concede slight vessel navigation lanes and low clearance, according to a Viet Nam Inland Waterway Administration.
It also has some-more than 2,500 ports and vessel stations any with a ability of doing 50,000 tonnes to dual million tonnes of products a year, though loading and unloading comforts there are not modern.
Roads heading to these ports and vessel stations are not in good condition.
Tran Thanh Man, secretary of a Can Tho Party Committee, pronounced a problem was that investment was not concurrently done in all associated aspects of stream transport, citing a instance of ports that miss channels for vast vessels to pass through.
For instance, Can Tho’s Cai Cui Port, a delta’s largest with a ability to hoop vessels weighing adult to 200,000 tonnes, operates during 10-20 per cent of ability given vast ships can’t strech a pier given they can’t pass by a silted Dinh An estuary.
Minister of Transport Dinh La Thang pronounced to solve a delta’s stream problems and gain on a potential, approval needs to be lifted among authorities and businesses about a efficacy of stream ride and couple adult several ride modes.
He educated Deputy Minister of Transport Nguyen Van The to work with a Southwest Region Steering Committee and authorities in a segment to examination strategies and zoning skeleton for building stream transportation.
He systematic a Viet Nam Register and a Viet Nam Inland Waterway Administration to proclaim stream ride routes by this quarter.
The Ministry of Transport is set to emanate a sea track from HCM City to Long An, Tien Giang, Dong Thap, An Giang, and Kien Giang Provinces in a delta.
When it is completed, vessels weighing 500-1,000 tonnes can manipulate directly to and from HCM City.
Work to raise a Cho Gao Canal, that links a segment with HCM City, will be finished by a finish of a initial entertain of subsequent year.
The Quan Chanh Bo Canal, that is being dredged, will concede vast vessels to strech a Hau River from a sea by a finish of subsequent year.
These projects would urge stream ride in a delta, Thang added.
Shrimp exports to Germany soars
Viet Nam’s shrimp exports to Germany saw strong expansion in a initial 5 months of 2014 with turnover of scarcely US$51 million, adult 92.7 percent from a prior year.
Nearly 62 per cent came from white-leg shrimp and 30 per cent from black tiger prawns, according to a Vietnam Association of Seafood Exporters and Producers (VASEP).
With a race of over 80 million, a largest European economy is foresee to see augmenting approach for alien shrimp and other nautical products in a future.
Viet Nam is now a second-largest retailer of solidified shrimp for Germany after Thailand. Germany’s 2013 shrimp imports from Viet Nam rose by scarcely 4 per cent compared to those of prior years, while those from Thailand went down 11 per cent, according to a International Trade Centre.
Central EZs, IPs pull $310m in H1
Industrial parks, trade estimate zones and mercantile zones in executive coastal provinces and cities captivated 23 domestic and unfamiliar investment projects with sum collateral of US$310 million in a initial 6 months of this year.
Binh Thuan and Ninh Thuan, dual provinces that recently assimilated a Co-operation and Development Coastal Centre Region Group, were set to build tourism centres as good as breeze and solar appetite plants. Ninh Thuan also skeleton to erect a chief appetite plant.
Regional industrial parks captivated 943 projects with sum collateral of over US$1.3 billion, of that 775 concerned unfamiliar approach investment.
Buon Ma Thuot coffee registers in EU
The Central Highlands range of Dak Lak skeleton to register for geographical denote (GI) approval in a European Union for Buon Ma Thuot coffee.
The pierce aims to strengthen a code in this large, remunerative market. The cost of coffee products with GI acceptance is about 15 per cent aloft than that of their non-certified counterparts.
Early this year, a Chinese Ministry of Commerce revoked a obvious of a association in Guangzhou secretly regulating a Buon Ma Thuot coffee label. Following that incident, a Buon Ma Thuot Coffee Association practical for heading insurance in 17 countries and territories around a world. Currently, Dak Lak coffee is exported to 60 countries and territories.
EU experts have organized seminars and training courses to assistance Dak Lak finish a formidable routine in 3 years. The Buon Ma Thuot Coffee Association is now putting a final touches to a dossier to be submitted to a EU.
Vinamilk cattle plantation approved by GAP
Viet Nam Dairy Joint Stock Company (Vinamilk) perceived a certificate from a Global GAP Control Union final week for assembly ubiquitous Global Good Agriculture Practices (Global GAP) standards.
Vinamilk’s cattle plantation in executive Nghe An Province was a initial in ASEAN to be approved by Global GAP and one of 3 Asian farms to accommodate these ubiquitous standards.
The 5 Vinamilk farms formerly perceived a certificate from a French Certification Organisation of Bureau Veritas.
Global GAP standards were introduced to accommodate a final of domestic and ubiquitous markets to furnish high-quality and protected products, heighten farmers, rise farming areas and safety a environment.
Vinamilk skeleton $470m share issuance
Dairy hulk Vinamilk (VNM) will emanate a limit of 167 million shares to lift licence collateral from VND8.34 trillion (US$395.3 million) to VND10 trillion ($474 million).
The rate is 20 per cent, or any holding of 5 shares will be given one additional share. The deadline for shareholders to register to attend in this emanate is Aug 15.
Last year, a association paid shareholders a high money division rate of 48 per cent. It has set an desirous aim of money dividends of no revoke than 50 per cent this year.
Hoa Sen forecasts Q2 increase over $5m
Steelmaker Hoa Sen Group (HSG) estimated income would be some-more than VND4.32 trillion (US$204.8 million) and net increase VND111 billion ($5.3 million) in a second entertain of this year.
The organisation sole 237,000 tonnes of finished products, 36 per cent of that was for trade and revoke than a normal of 46 per cent in a initial 6 months of a mercantile year.
VinGroup to emanate building, conform companies
Construction hulk VinGroup (VIC) will minister VND94 billion (US$4 million) to settle Vincom 2 Construction Company with a sum licence collateral of VND100 billion ($4.7 million).
Recently, a organisation motionless to recover their book share (re-acquired stocks) to make additional collateral grant to Vinpearl, an affiliates focusing on ride and liberality services. The grant mounted adult to VND2.443 trillion ($115.8 million).
It also skeleton to minister VND14 billion to set adult a conform association with a licence collateral of VND20 billion ($948,000).
Steel siren builder to sell 10m shares
Son Ha International Coporation (SHI), a make of immaculate steel welded pipe, purebred to sell 10 million shares during a cost of only VND5,000 (US$0.24) per share, next a standard value of VND10,000 a share.
Vietnam, Singapore suffer swell in H1 shared trade
Two-way trade between Vietnam and Singapore rose 23.9 percent to scarcely 10.1 billion SGD (8.1 billion USD) in a initial half of this year, according to a Singapore Department of Statistics.
Vietnam’s trade to a island nation reached over 1.9 billion SGD (1.57 billion USD), adult 34.2 percent year-on-year, with mobile phones, gangling parts, oil and gas, coffee and tea as staples.
Meanwhile, a nation spent over 8.1 billion SGD (6.5 billion USD) purchasing mobile phones, accessories, plastic, oil and gas, among others from a market.
During a period, Singaporean firms poured about 732 million USD, both newly-registered and additional investment, into Vietnam .
As of June, Singapore had 1,284 stream investment projects value over 30.54 billion USD, apropos a third biggest financier among 101 nations and territories investing in Vietnam.
LaoVietBank buys US$30 million value of Laos Government bonds
The Lao Viet Joint Venture Bank (LaoVietBank) will buy US$30 million value of Laos Government holds in 2014.
An agreement to this outcome was sealed between Laos Ministry of Finance and LaoVietBank in Hanoi on Jul 22. The purebred holds will have three-year and five-year terms.
Laos Finance Minister Lien Thikeo pronounced that by a shopping of Laos Government bonds, a Bank for Investment and Development of Vietnam (BIDV), primogenitor bank of LaoVietBank, continues to minister to both a fortitude of Laos financial markets and a cultivation of a special attribute between Vietnam and Laos.
LaoVietBank was determined as a corner try between BIDV and Banque Pour Le Commerce Exterieur Lao (BCEL) with 65% of a equity collateral owned by BIDV. It is now one of a many complicated banks in Laos.
LaoVietBank began to deposit in Laos Government holds in 2012 and a sum investment so distant has reached scarcely US$60 million.
Vinalines’ joint-venture ports restructuring debt
The joint-venture ports of Vietnam National Shipping Lines (Vinalines) are struggling to restructure debt while a State-owned hulk has nonetheless to find an effective approach out for a large debt.
Since 2013, Vinalines has been posterior an ultimate idea of restructuring debt and revitalizing business operations. While a 100% State-owned and corner batch ports have done medium profits, joint-stock ports have continued racking adult losses.
In a initial 6 months of this year, Vinalines increasing debt restructuring during a joint-venture ports. Representatives of Vinalines’ land during a corner try companies attempted to negotiate with creditors to extend debt remuneration deadlines, according to a news of Vinalines.
SSIT Port, a corner try between Saigon Port and a U.S.’s SSA Port, has clinched an agreement with a creditor to reschedule bank loans and write off a additional seductiveness until 2016.
At SP-PSA, a corner try of Vinalines, Saigon Port and Singapore’s PSA Group, a operators have reached agreement to assistance a pier restructure bank loans until a finish of 2015.
CMIT, a corner try between Vinalines and Denmark’s APM Terminals, is still in talks with creditors to palliate some debt obligations and cut seductiveness rates. CICT, a corner try between Vinalines’ auxiliary Cai Lan Port Investment Joint Stock Company and Hong Kong’s SSA Holdings, has motionless to steal from unfamiliar shareholders to restructure overdue debt.
The news did not discuss specific debt and waste during a corner try ports.
In a January-June period, Vinalines estimated a revenues during over VND9.7 trillion, assembly 44% of a whole-year aim and dropping 1% from a same duration final year. The organisation has incurred waste for a fifth true year, with this year’s waste put during VND775 billion.
For Vinalines’ core business operations, ports remained a many fast with throughput adult 4% year-on-year. The still-good business formula were reported during Vinalines’ non-joint try ports and those Vinalines were perplexing to revoke State land and bear equitization.
In general, pier operators are confronting problems as a Transport Ministry’s parsimonious controls on overloaded trucks given Apr has led load backlogs to lift adult during ports. Operations have also augmenting while shipping firms have forced ports to cut use charges and extend remuneration times, triggering tough foe in a industry.
In a second half of a year, Vinalines looks to lift a throughput to 67 million tons. It will work out some-more equitization skeleton to launch a initial open offerings (IPO) of Cam Ranh, Nghe Tinh, Can Tho and Nam Can ports.
Yamaha Motor Vietnam launches oppulance scooter
Yamaha Motor Vietnam (YMV) has denounced a new scooter denote called Nozza Grande 125cc in HCMC and skeleton to deliver some-more scooters to this marketplace in a future.
Hoang Ha, YMV executive of sales and selling in a north, pronounced a association would launch some-more models of oppulance scooter versed with a Blue Core engine after this year during rival prices.
Compared to a aged Nozza scooter model, a new one has some differences, including a aloft saddle, a wider case enclosure and a fuel-saving engine Blue Core 125cc.
Last month, YMV introduced a motorbike engine Blue Core for a new scooter denote a association dictated to launch on a domestic marketplace this month. The association boasted a Blue Core engine could save adult to 50% of fuel expenditure compared to normal engines.
The Nozza Grande scooter is designed for women and has many functions to accommodate their needs. It comes adult with 7 colors and retails for VND40 million and VND42 million a unit.
French businesses penetrating on infrastructure projects in city
French enterprises are looking brazen to removing concerned in large-scale infrastructure projects of HCMC, pronounced a French official.
At a assembly with HCMC authority Le Hoang Quan on Jul 21, Fleur Pellerin, French Minister of State for Foreign Trade and a Promotion of Tourism and French Nationals Abroad, pronounced French enterprises doing in HCMC were confident with a investment sourroundings here. France will introduce a agencies like a French Development Agency serve concur with HCMC.
Introducing vital infrastructure projects such as metro, sanitation and airfield developments, Quan pronounced that HCMC is urgently implementing those projects and approaching to accept financial and technical assistance from a French supervision and enterprises.
According to Quan, France and HCMC have outrageous intensity to raise team-work in a fields where France has advantages like ride infrastructure development, education, health, civic supervision and culture.
PVN’s after-tax distinction drops slightly
Vietnam National Oil and Gas Group (PVN) has reported around VND192.4 trillion in combined revenues in a January-June period, homogeneous to a same duration final year, though a after-tax distinction declined slightly.
PVN pronounced in a matter expelled on Jul 21 that a combined revenues reached VND192.4 trillion in a initial 6 months. Its after-tax distinction was VND23.6 trillion, or 19% aloft than a January-June aim though revoke than a group’s VND27.5 trillion over a year-ago period.
As of this month, PVN’s collateral endowment ratio reached 1.07 times and a debt to sum item ratio was 0.25.
In a initial half, PVN paid VND85.5 trillion in taxes to a State budget, that was 27.2% aloft than a aim set by a Government and down 3.3% from a same duration final year. However, a VND85.5 trillion enclosed VND5 trillion belonging to final year’s taxation payments.
In a stream situation, PVN has taken stairs to closely guard a doing of oil and gas projects in a East Sea and has urged contractors to safeguard a schedules of scrutiny and exploitation operations in a second half.
The organisation has also asked enterprises to entirely check and safely work a systems transmitting gas to Ca Mau 1, Ca Mau 2, Nhon Trach 1 and Nhon Trach 2 appetite plants.
According to a Ministry of Finance’s news on operations of State groups and companies submitted to a National Assembly final December, PVN’s overdue debt amounted to over VND2.17 trillion as business activities count most on loans. Besides, a debt to equity ratio was around 60%.
SJC opens largest valuables core in south
Saigon Jewelry Company (SJC) on Jul 21 inaugurated a building in HCMC’s District 3 that incorporates a new domicile and biggest valuables indiscriminate and sell core in a south.
Covering 4,000 block meters with dual basements and 10 stories, a core offers business a protected place for bullion and valuables trade and a far-reaching preference of peculiarity products and services, Vietnamplus reports.
SJC ubiquitous executive Do Cong Chinh pronounced a opening of a new building is a new theatre of SJC’s development.
The idea of SJC in a entrance years is to concentration on origination and trade valuables equipment and requesting modernized technologies to urge product designs to accommodate high final of customers.
Southern hydropower organisation debuts on HOSE
Southern Hydropower Joint Stock Company (SHP) floated 93.7 million shares on a Hochiminh Stock Exchange (HOSE) on Jul 21 during a anxiety cost of VND12,000 each.
Closing on Jul 21’s session, SHP rose to VND13,800 per share with a volume of over 507,000 shares.
Earlier, SHP was listed on a UPCoM, a marketplace for unlisted open companies. The organisation is deliberate one of a appealing tickers on a southern exchange.
Last year, SHP performed scarcely VND104 billion in after-tax profit, adult 14% opposite a prior year. Its income generally sourced from Dasiat and Da Dang 2 hydropower plants.
Ending a initial entertain of 2014, a association performed VND60.7 billion in income and VND7.3 billion in after-tax profit.
The firm’s sum resources final year inched adult 15.5% opposite a year earlier, Nguyen Van Thinh, ubiquitous executive of a company, told reporters on Jul 21.
Currently, a organisation is regulating Dasiat, Da Dang 2 and Dambri plants with a particular era ability of 13.5 MW, 34 MW and 75 MW.
Securities experts appreciated SHP as institutional investors reason a 71.4% interest in a organisation contra a private interest of 28.54%. Saigon Beer-Alcohol-Beverage Joint Stock Corporation (Sabeco) now owns a 20.2% stake, or scarcely 19 million shares.
Organizations and unfamiliar investors are meddlesome in Sabeco’s interest during SHP as Sabeco will have to deprive from non-core business operations in a entrance time.
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
Article source: http://english.vietnamnet.vn/fms/business/108248/business-in-brief-27-7.html