Pepper futures show mixed trend amidst aggressive spot buying

As the futures prices were ruling high exporters were covering aggressively and actively farm grade pepper from the spot market while investors were buying exchange pepper at Rs 3 above the September delivery price. Overseas demand appears to have made the exporters buy actively. Even Vietnam processor-exporters were said to be covering farm grade pepper from India to meet their export commitments, market sources told Business Line.

Auto tax debate continues, business suffer

An importer has accused customs agencies of deliberately delaying procedures to put difficulties on the enterprise. Customs agencies deliberately put difficulties in enterprises’ way

OceanBank offers preferential interest rate

The program is designed for enterprises in sectors of agriculture production, export and other business sectors. Accordingly, the bank’s the most preferential lending interest rate of 16% per year will be offered for sectors of agriculture and export and the minimum lending interest rate of 17% per year is for other business and production fields.

Da Nang chosen for low-carbon city project

The project is aimed at reducing CO2 emissions from public transportation and households business by using environmental technologies. It also aims to promote the use of solar, wind and other renewable energies more effectively by introducing smart-grid technology.

US toasts Viet Nam’s trading importance

Viet Nam is one of the markets we most want to do business with,” said US Undersecretary of Commerce for International Trade Francisco Sanchez. “It’s becoming an increasingly important place to market our goods and services.”

Domestic retailers tend to join hands with foreign

It is a growing tendency that domestic retailers join forces with foreign groups to develop business. Dr Dinh Thi My Loan, Deputy Chair and Secretary General of the Vietnam Retailers’ Association, said that the establishment of joint ventures in the retail sector is foreseeable. “It is understandable why domestic retailers want to team up with foreign investors. It is their right to do that,” she said.

Business start-up rules contradict intent of law

The Law on Investment, enacted the same year, affirmed the nation’s non-discriminatory approach to both domestic and foreign investors. Despite the admirable objective of creating a level playing field for all enterprises, establishing an enterprise in Viet Nam remains a tangled web.

Realty firms post unsatisfactory business results in Q1

Six companies operating in the real estate sector have recently announced the business results in the first quarter of this year.

Securities firms seek solutions to overcome difficulty

Many securities firms have submitted to the shareholders various business plans, depending on the market conditions. Previously, VNDirect Securities Co (coded VND) had proposed two targeted profit plan.

Large banks post robust profit

Currently, most of large banks in turn published their business results in Q1 with quite surprising figures amidst many hardships of the economy, highly surging inflation, tension on interest rate and forex rate, narrowed credit growth and tightened gold trading.

VCCI supports business restructuring

VCCI aims to help local businesses restructure, improve the investment climate, promote administrative reform, obtain loans and ensure sustainable development.

VN Business Summit opens in HN

It is estimated that Việt Nam needs about US $300 billion for investment development within 2010-2015. Therefore, the innovation in business environment, growth model transforming, synchronous development of labor, science-technology markets toward liberation of trade and investment will be prioritized. The Deputy PM also re-affirmed the Vietnamese Government’s consistent policy to pursue economic reform, active integration, stable trade and investment ties with foreign partners.

Domestic banks publish positive business results

The HCM City bourse-listed Eximbank (EIB) posted a pre-tax profit of more than VND1 trillion (US$50.7 million), up 26 per over the same period last year and over 35 per cent of its annual target of VND3 trillion ($144 million).

Vietnam freight transport q1 2011 – road building and road usage are both expanding strongly

Business Monitor International’s Vietnam Freight Transport Report provides industry professionals and strategists, corporate analysts, freight transportation associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Vietnam’s freight transportation industry.

Tourism looks for that extra push

Vietnam Hotel Association chairwoman Do Thi Hong Xoan said current land taxes on tourism residences were unreasonable. “A resort covers 20 hectares, but the developer builds facilities on 35-40 per cent of the total area only. However, the same tax rate is applied to the whole area, costing the business a hefty sum and it is unreasonable,” Xoan said.

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