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Chuyên mục: Economics – Kinh tế
Quảng Ninh to get new port, industrial complex
vietnamnews
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| An overview map of Deep C Industrial Zone. — VNS Photo |
HCM CITY – Tiền Phong Industrial Zone JSC and Russia’s Seaport of Azov on Friday agreed to transform 100 hectares in Quảng Ninh Province into a hub for industrial manufacturing and port operations.
The memorandum of understanding (MoU), signed by Tiền Phong Industrial Zone JSC, in which Deep C consortium (Rent A Port) is a majority shareholder, and the Russian giant in port development and operations, agrees to start work on the Việt Nam-Russia Industrial Complex soon, provided the Vietnamese Government offers its support in speeding up the process. Tiếp tục đọc “Quảng Ninh to get new port, industrial complex”
OceanBank – ngân hàng sân sau của PetroVietnam
Hải Lý Thứ Năm, 7/9/2017, 07:40 (GMT+7)
Tổng số tiền thời điểm cao nhất mà tập đoàn Dầu khí gửi ở OceanBank lên tới 25.000 tỉ đồng. Ảnh: Đào Loan
(TBKTSG) – Có những số liệu và tầm quan trọng của chúng mà dư luận chỉ có thể biết được qua những ngày xét xử phiên tòa vụ án Ngân hàng TMCP Đại Dương (OceanBank). Theo ông Hà Văn Thắm, nguyên Chủ tịch hội đồng quản trị OceanBank, khai tại tòa có thời điểm tập đoàn Dầu khí (PetroVietnam) đã gửi ở ngân hàng này tổng cộng đến 20.000 tỉ đồng, chiếm khoảng 50% tổng vốn huy động của OceanBank. Còn ông Ninh Văn Quỳnh, nguyên kế toán trưởng PetroVietnam lúc bấy giờ và là Phó tổng giám đốc PetroVietnam sau này, vừa bị Cơ quan Cảnh sát điều tra Bộ Công an tống đạt quyết định khởi tố và bắt tạm giam ngày 31-8-2017, trả lời tòa tổng số tiền thời điểm cao nhất mà tập đoàn Dầu khí gửi ở OceanBank lên tới 25.000 tỉ đồng. Tiếp tục đọc “OceanBank – ngân hàng sân sau của PetroVietnam”
Real estate remains 2nd largest FDI lurer in VN
Last update 18:29 | 07/09/2017
Despite having fallen to the fourth position in terms of foreign direct investment in the first eight months of 2017, the real estate sector remains the second-biggest recipient of this type of investment to date.
Though realty is fourth in FDI for eight months, it remains the second-largest earner overall
According to the Ministry of Planning and Investment’s Foreign Investment Agency, between January and August 20, the real estate sector stood in fourth with regards to foreign direct investment (FDI) inflows – with 46 newly-registered projects and 15 others increasing their capital, totalling more than $1.16 billion.
Real estate FDI is behind the sectors of manufacturing and processing ($11.69 billion), power processing and distribution ($5.36 billion), and mining ($1.28 billion). Tiếp tục đọc “Real estate remains 2nd largest FDI lurer in VN”
12 multi-trillion VND projects reap little profit for state
Last update 07:30 | 02/07/2017
VietNamNet Bridge – Of 12 projects, six projects were implemented under EPC contracts (engineering, procurement and construction), and most of the contracts were signed with Chinese contractors.
The Ministry of Industry & Trade (MOIT) and relevant ministries have released 120 documents on the settlement of problems in 12 huge unprofitable projects. However, the effects remain unclear.
Bui Quang Binh from Da Nang University commented that releasing legal documents was only one step in implementing state management. In order to bring the instructions into implementation, there must be other control and supervision mechanisms. Tiếp tục đọc “12 multi-trillion VND projects reap little profit for state”
FDI to Vietnam is mostly from Asia, with South Korea ranked first
Last update 16:00 | 06/09/2017
VietNamNet Bridge – The great advantages of Vietnam’s business environment and its membership in FTAs and the AEC have helped to attract many investors from Asia.
The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent compared with the same period last year.
At least 1,624 new projects have been licensed this year with total registered capital of $13.45 billion, up by 37.4 percent over the same period last year. In addition, 773 projects received approval for expansion with additional registered capital of $6.4 billion, up by 40.2 percent. Tiếp tục đọc “FDI to Vietnam is mostly from Asia, with South Korea ranked first”
Hanoi to green-light three metro lines worth over $15 billion
Last update 12:29 | 19/07/2017
The Ministry of Transport (MoT) has submitted a number of recommendations for the Hanoi People’s Committee’s ambition to build three metro lines worth over $15 billion by 2025.
MoT is the first specialised state management agency to give feedback on the Hanoi People’s Committee’s latest proposal regarding investment plans for the metro railway projects. Tiếp tục đọc “Hanoi to green-light three metro lines worth over $15 billion”
Vietnam to see cutthroat competition in petroleum market
Last update 16:00 | 04/09/2017
VietNamNet Bridge – Formerly a country that exported crude oil at low prices, Vietnam now produces petroleum products which can satisfy half of domestic demand.
Vietnam’s oil refining industry is built based on two huge projects capitalized at multibillion dollars – Dung Quat Oil Refinery and Nghi Son Petrochemical & Oil Refinery Complex.
In 2009, the $3 billion Dung Quat Oil Refinery began to use crude oil from the Black Tiger oil field. From May 30, 2010, Dung Quat officially entered the commercial operation period. Tiếp tục đọc “Vietnam to see cutthroat competition in petroleum market”
Consumers prefer small convenience stores over giant supermarkets
Last update 13:00 | 02/09/2017
VietNamNet Bridge – Some years ago, analysts predicted that modern distribution channels would develop rapidly in Vietnam as income continued to rise.
The prediction has been realized, but convenience stores, not large supermarkets, are the favored channel.
Market analysts have found that consumers now prioritize convenience when choosing shops. They are no longer excited about the opening of new hypermarkets as they were in the past, but often prefer to shop at convenience stores near their houses. Tiếp tục đọc “Consumers prefer small convenience stores over giant supermarkets”
Tens of trillions of dong of state capital nearly lost in equitization
Last update 08:00 | 03/09/2017
VietNamNet Bridge – More than 96 percent of SOEs slated for equitization have been equitized, but only 8 percent of the state’s capital has been transferred to the private sector. 
According to Tran Dinh Thien, the number of SOEs has decreased significantly over the last 15 years of restructuring, from 6,000 in 2001 to 700 in 2016.
According to Tran Dinh Thien, the number of SOEs has decreased significantly over the last 15 years of restructuring, from 6,000 in 2001 to 700 in 2016.
The equitization has led to a significant decrease in the number of business fields in which the State invests. In 2001, SOEs were operating in 60 business fields, but the figure has dropped to 19. This has given more ‘space’ and opportunities to the private sector to make investments. Tiếp tục đọc “Tens of trillions of dong of state capital nearly lost in equitization”
Vietnam’s Vingroup starts construction on $1-1.5 billion first phase car factory
Tuoitrenews
The company expects to produce 100,000-200,000 vehicles per year in the first phase
By Reuters
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| Vietnamese Prime Minister Nguyen Xuan Phuc speaks at the launch of Vingroup’s car factory in Hai Phong City, September 2, 2017. Photo: Tuoi Tre |
The project is part of Vingroup’s expansion plan into the heavy industry of Vietnam, its vice chairman was quoted as saying in a statement, following similar moves in other major sectors such as retail and health care. Tiếp tục đọc “Vietnam’s Vingroup starts construction on $1-1.5 billion first phase car factory”
Revenue from bauxite projects far lower than expected
VietNamNet Bridge – As warned by experts, the revenue from Nhan Co and Tan Rai bauxite projects has been disappointing.
Dau Tu cited Dak Nong provincial authorities as reporting that the Nhan Co alumina plant was expected to pay VND437.761 billion in tax every year from 2016 when the plant began operation.
However, according to the Dak Nong provincial taxation agency, the total tax estimated to be collected from the plant in 2017 is just VND107.39 billion, or VND330 billion lower than expected. Tiếp tục đọc “Revenue from bauxite projects far lower than expected”
Vietnam’s plans to pump more money into economy risky: economists
Last update 08:00 | 31/08/2017
VietNamNet Bridge – Economists have warned that many problems may arise if VND700 trillion is pumped into the national economy to raise the credit growth rate to 22 percent and obtain 6.7 percent GDP growth rate this year.
Bui Quang Tin, a lecturer at HCM City Banking University, said the increase in money supply will have an impact on GDP, inflation, interest rate and exchange rate.
Bui Quang Tin, a lecturer at HCM City Banking University, said the increase in money supply will have an impact on GDP, inflation, interest rate and exchange rate.
He pointed out several concerns. First, the economy will need time to absorb the money. If injecting money into production, capital turnover would take 3-6 months on average.
Second, when the money supply increases, people may pour capital into non-production fields such as real estate and securities, fields called ‘instant noodles’ because return on investment capital can be done relatively quickly.
Banks have been asked to restrict lending to these sectors. If banks pour too much money into real estate, the real estate bubble in 2006-2008 will come back.
| Banks have been asked to restrict lending to these sectors. If banks pour too much money into real estate, the real estate bubble in 2006-2008 will come back. |
If money is disbursed for real estate and securities, the bad debt ratio will increase.
Tin said that IMF and WB had warned about the high credit growth this year which may bring new risks to the banking system.
“The high credit growth may help obtain targeted GDP growth rate, but it will also cause negative impact, which may be even higher than benefits. These are risks in inflation, exchange rate, interest rate, production cost and bad debt.” Tiếp tục đọc “Vietnam’s plans to pump more money into economy risky: economists”
Cries for help from industry cause headaches for ministries
Last update 16:00 | 31/08/2017
VietNamNet Bridge – Ministries have been increasingly hearing calls for help from many industries.
In late July 2017, the Ministry of Planning & Investment (MPI) proposed reducing an export tariff to rescue the cement industry. The domestic supply is 20 percent higher than demand, while the domestically made product is more expensive than Chinese, Thai and Japanese cement.
The ministry believed that it would be better to slash the export tariff to below 5 percent to pave the way for cement manufacturers to export their products and ease the pressure on domestic supply. Tiếp tục đọc “Cries for help from industry cause headaches for ministries”
New entrants heat up Vietnamese beauty market
vietnamnet
Last update 17:00 | 28/08/2017
An increasing number of new players are entering the Vietnamese beauty market as local consumers are becoming more conscious of beauty treatment and products.
Nguyen Van Minh, vice chairman of the Vietnam Essential Oils, Aromatherapy and Cosmetics Association, is confident that the market will maintain its bullish trajectory in the coming years.
In 2017, around 200 foreign beauty brands have entered Vietnam, especially Thai and Korean companies. Tiếp tục đọc “New entrants heat up Vietnamese beauty market”
CVD 