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Gold market to have new big supply

The State Bank of Vietnam has authorized the Saigon Jewelry Company (SJC) to make bullion gold to provide to the market.

The businesses which pay $900 a month to workers

Banking and telecom are considered the two most profitable economic sectors. The businesses in the business fields can pay VND18 million ($900) a month on average to their workers.

Vietnam strives to restrict motorbikes by 2020

A lot of drastic measures, administrative, economic, technical, would be taken to gradually reduce the number of motorbikes in circulation throughout the country.

Vietnamese play nasty tricks on each other, foreigners run away

VietNamNet Bridge – The disunity has a part in the current difficulties Vietnamese businesses are facing.

Vietnamese businesses spend much money on advertisements

Vietnamese businesses are still poor with limited financial capability. However, they still spend big money on advertisement campaigns.

Vietnam vows to impose heavy punishment to stop seafood material bleeding

The draft decree of pecuniary penalty on the violations in seafood trade says the fine of up to VND100 million would be imposed on the institutions which join forces with foreign merchants to collect aquatic materials in the domestic market.

Tobacco, temporary imports and tax targeted

 VietNamNet Bridge – The Government is drafting a decree on sanctioning administration violations of copyright and related rights.

Loopholes exist, businesses dodge laws, management agencies powerless

Despite a lot of efforts, the watchdog agencies still fail to control the formula prices. The market remains chaotic because of low quality products and sky high prices.

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.

BUSINESS IN BRIEF 8/2

Illicit cigarettes face crackdown; Ad expense rules need reform, chambers say; Medicine needed for health investment; Wind power project begins on Phu Quy; PetroVietnam seeks fund for the $9bn refinery

Staying undecided, state agencies make A83 petrol manufacturers worried stiff

It’s clear that Vietnam would stop the manufacturing and circulation of A83 non-lead petrol in the market, sooner or later.

BUSINESS IN BRIEF 4/2

 Reporting of securities transactions; Banks to classify, report on debts; Ministry revises definition of equity; Steelmaker looks to capital markets to raise funds; 800,000 tonnes of coal exported in January

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 2/1

New regulation seeks to refine urban planning process; Government approves border zone development; Balance of payment surplus estimated 10 bln USD; Ha Noi inflation double that of HCM City in first month of 2013

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.

The perils from titanium exploitation appears visibly

Natural breakwaters and coastal preventive forests would lose, while radioactive pollution of the air and water would be serious, which would threaten people’s health. All these are the visible consequences in titanium exploitation areas.

Scientists warn about “office risks”

The people working at offices and self-contained buildings are prone to some diseases of headache or inflammation because of the regular inhalation of volatile organic compounds arising from printers, wooden furniture or paints.

Business associations dream of having money, voice

VietNamNet Bridge – Having limited financial capability, having little voice in the state’s policies, Vietnamese business associations find it difficult to attract members.