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GTel to use VNPT’s infrastructure – new chapter in Vietnam’s telecom industry

Gtel Mobile, the owner of Gmobile network, has signed a principle agreement with the giant Vietnam Post and Telecommunication Group (VNPT) on roaming services. No agreement of this kind was inked in the past.

Exporters feel excited about widened door to Japanese market

Vietnamese enterprises have geared up to prepare to boost their exports to the Japanese market – the market which is believed to open more widely after the official visit by the newly elected Japanese Prime Minister Shinzo Abe.

Vietnamese market too severe to airlines (part 2)

Analysts now bet on the fate of Air Mekong after hearing that the private airline cannot pay for fuel. Pacific Airlines still has reported loss for the last five consecutive year of operation.

Foreign investors in VN believe they are sitting on gold mine

Despite some worries about Vietnam’s national economy performance, foreign investors in Vietnam still believe that Vietnam is a “gold mine.”

Vietnam’s telecom ready for the broadband era

VietNamNet Bridge – Vietnam plans to fulfill the program on developing wired and wireless broadband infrastructure by 2020. However, it is very likely that the program would be completed before the deadline.

Land still as expensive as gold in “golden land areas” in big cities

Every square meter of land in the areas is priced at billions of dong, which is equal to the price of an apartment in new urban areas.

The US ice cream war in Vietnam

VietNamNet Bridge – A lot of well-known US ice cream brands have jumped into Vietnam, or they are considering penetrating the market.

Half of Vietnamese businesses have “passed away”

The number of Vietnamese businesses have been decreasing sharply in recent years, according to official reports by state management agencies.

Market warms up, billions of dong flowing into stocks

The cash flow has been heading for the stock market since the beginning of the year. However, it’s still unclear if the tendency is stable.

EVN’s power factories make fat profit, but still insist on power price hike

Power companies all have reported big profits for 2012 with the profits up by 1.5-4 times in comparison with the last year. Meanwhile, the Electricity of Vietnam (EVN) expects the profit of VND3.5-4 trillion.

Only a few of general schools in Vietnam can meet standards

The new standards for general education accreditation applied as of January 2013 have made schools puzzled, because they don’t know what they have to do to be recognized as the national standard schools.

South East Asian groups eyeing Vietnamese businesses

Not only the powerful conglomerates from the US or Europe, but the big economic groups from South East Asia also attempt to take over Vietnamese businesses.

U.S. investment fund pours $200 million in Masan

VietNamNet Bridge – An American investment fund has doubled its investment in Masan Consumer Corporation based on its trust in the potential development of Vietnam.

BUSINESS IN BRIEF 8/1

Retail industry draws investors; MoF to refund tax on plastic bags; Garment makers optimistic for 2013; Southern trade bloc does well; Mergers, acquisitions expected to boom this year; Dung Quat oil refinery targets 6.5 million tonnes of products

Air Mekong receives letters from creditors

Rumors have been spread out that Air Mekong, a private airline, may have to stop flying because of the big debts it cannot pay to partners.

With merger deal, Western Bank, PVFC, PetroVietnam have “happy ending”

The Prime Minister has given the nod to the plan on merging Western Bank into PetroVietnam Finance Corporation (PVFC). This proves to be the can’t-be-better way out for all the involved parties.

Who benefits from tourism industry?

All the policies relating to the tourism industry have been bringing benefits to resort developers and tourism project investors, but no benefit to local residents.

Software firms fear value added tax

The Ministry of Finance plans to put software products onto the list of products subject to the 10 percent value added tax (VAT). If this comes true, this would put big difficulties for software firms.

People have to spend money to be able to scratch garbage and work in pollution

Hundreds of people flock to the Con Quan dumping ground in Phu Son ward of Thanh Hoa City every day to scratch garbage for scrap materials. They work in shifts and have to pay 3000 dong to have the right to work on the ground.

BUSINESS IN BRIEF 20/12

Ministry urges companies to quicken disbursement; Consumer goods import still strong; DOC cancels antidumping review on Agifish; Vietnam-Thailand road extension mulled; Billion-dollar steel projects get moving