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Update news policy

Policies made in air-conditioned rooms

According to a source from the Government Office, in the Government's regular meeting last month, government leaders expressed dissatisfaction with the quality of the last drafts that were submitted to the government for approval.

BUSINESS IN BRIEF 18/3

Shrimp industry beset by problems; Resolution outlines SBV tasks; Dong Nai drafts master plan; Disagreement on power price hikes proposed by EVN; State Bank offers low interest rate for housing

Even big guys find it hard to squeeze into smartphone market

The competition in the smart phone market has become so stiff that even big guys also have to struggle hard to push up sales.

Central bank sends signal about exchange rate policy in 2013

The dollar price quoted by commercial banks and the price in the black market bounced back earlier this week. However, after that, the dollar price has decreased again.

BUSINESS IN BRIEF 7/3

SBV: It’s not time to import gold; Vietnam’s 36 mil. motorbikes by 2020; VNA uses large aircraft for Myanmar; When Air Mekong resumes services unknown; Dong Nai leads in FDI attraction

Investors threaten to cancel projects if they cannot enjoy incentives

Foreign investors said they would cancel the plans to expand their investment in Vietnam if the expanded projects cannot enjoy investment incentives.

SBV insists on stable dong/dollar exchange rate policy

VietNamNet Bridge – While economists have urged to devaluate the local currency to help boost exports, the central bank believes that it’s not the right time to do this.

The problem of opening casinos in Vietnam

VietNamNet Bridge – The first lunar month is the month for leisure activities, bonus games, thus, have been mentioned recently.

SBV more tightens gold market

Gold holders have been worried stiff on the news that only 99.99% SJC one-tael bullion gold to be made under the permission of the State Bank can be used in transactions.

Luxury car makers foresee good signs in 2013

Luxury car brand owners have been trying to expand their distribution networks in Vietnam, which means that they believe in the prosperity of the market in 2013.

Environmentalists call on not cutting Ba Tai mountain into pieces

The Ba Tai Mountain in Kien Giang province, which has been highly appreciated for its biodiversity, the area where mineral exploitation is prohibited for conservation, is now in the danger of becoming the materials for making lime.

Banks believed to not let real estate firms die

Commercial banks have been trying to keep real estate firms alive, because if the firms go bankrupt, banks would suffer.

The story about SCIC and the milk cow (Part 1)

The State Capital Investment Corporation (SCIC) has reported an impressive business result for 2012. However, experts still can see big problems of the state’s super-power.

VNAT reports high growth, travel firms still suffer

The Vietnam National Administration of Tourism (VNAT) has been joyful with the record high number of 6.847 million foreign travelers in 2012, an increase of 13.86 percent over 2011

Vietnam moves ahead with the plan on merging two stock exchanges

The merger of the two stock exchanges of Hanoi and HCM City is expected to be decided in 2013, after the State Securities Commission (SSC) submits the merger plan to the Prime Minister.

BUSINESS IN BRIEF 1/2

Central bank seen intervening in gold trading; Banks braced for Tet blitz on ATMs; Holiday sparks scramble for beer; Firms embark on search wars; Domestic banks see rising assets; Hanoi to probe diverted tax collections

Non-state owned schools with few students to be forced to get dissolved

Non-state owned schools account for 50 percent of the total high schools in Hanoi, but they receive only 16.4 percent of the total students.

State owned conglomerates take high loss, receive high income

A series of state owned economic groups and general corporations report huge losses for the last many consecutive years, but the chiefs of the enterprises still receive huge incomes.

Foreign currencies flowing out from the public

VietNamNet Bridge – A big amount of foreign currencies has been sold by people recently since they, after weighing pros and cons, decided that it would be better to keep dong than dollars.

Without money, Vietnam unable to develop sciences?

While scientists believe that they have to work in very poor conditions and affirm that Vietnam needs to spend more money to develop and encourage scientific research, businessmen say money is not the problem.