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maandag 4 september 2017

Vietnam: Deposit rates fall further

Deposit rates fall further

Customers who newly deposit one-month term only enjoy end-term interest rate at 4.6 percent instead of the 4.8 percent like before. For 24-36 month terms, banks still maintains the interest rate of eight percent per year. This is also the bank's highest interest rate.

The post Deposit rates fall further appeared first on Dutch Business Association Vietnam.

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When is debt trading market established?

According to the latest information of the State Bank of Vietnam (SBV), the on-balance sheet bad debt ratio of the entire system of credit institutions (CIs) as of May 2017 was 2.53 percent, higher than the 2.46 percent recorded in the end of 2016.

The post When is debt trading market established? appeared first on Dutch Business Association Vietnam.

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Sugary drinks may get unsavoury tax

The Ministry of Finance is proposing the levy of a special consumption tax of 10-20 per cent on sugary drinks to combat obesity rates, though a similar proposal was rejected by the government three years ago. VIR's Van Thu offers insight into the hot debate surrounding the new proposal.

The post Sugary drinks may get unsavoury tax appeared first on Dutch Business Association Vietnam.

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Contractor Kumho wins $1.5 million in debt trial

At the second trial of the debt collection lawsuit between plaintiff Kumho and the defendant, the Justice Council of the Hanoi People's Court has ruled in favour of the plaintiff and ordered the defendant to pay $1.5 million, equivalent to VND37 billion.

The post Contractor Kumho wins $1.5 million in debt trial appeared first on Dutch Business Association Vietnam.

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PT Intra Asia Indonesia to build $1-billion coal port in Vietnam

Seeing opportunities in Vietnam's increasing demand for imported coal, Indonesian firm PT Intra Asia Indonesia is seeking the opportunity to build a coal port in southern Vietnam with a total investment capital sum of $1 billion.

The post PT Intra Asia Indonesia to build $1-billion coal port in Vietnam appeared first on Dutch Business Association Vietnam.

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Green growth- a magnet for foreign investors

Green development projects in Vietnam are catching attention of foreign investors on account of the Government's favourable policies on land, taxes and capital as well as a large number of potential customers in the country, said Duong Thanh An, Head of the Policy and Legal Affairs Department.

The post Green growth- a magnet for foreign investors appeared first on Dutch Business Association Vietnam.

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JLL: Real estate M&As more virbrant

SaigonTimes M&As in real estate likely to reach record levels this year and next, according to JLL.  Vietnam's vibrant real estate market will elevate the number of merger and acquisition (M&A) deals to a new record this year, according to Mr. Stephen Wyatt, Regional Director of JLL. "Growth in M&As in Vietnam is accelerating partly because of its continued global integration, socio-political and macroeconomic stability, as well as structural reform in banking and finance, public investment,[...] READ MORE

The post JLL: Real estate M&As more virbrant appeared first on Dutch Business Association Vietnam.

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CII sells stake to quench capital thirst

Ho Chi Minh City Infrastructure Investment JSC (CII) will sell a large volume of shares to cover its capital demand to develop numerous large-scale projects, according to newswire CafeLand.

The post CII sells stake to quench capital thirst appeared first on Dutch Business Association Vietnam.

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Nghi Son oil refinery gets first crude oil shipment

Nghi Son Oil Refinery and Petrochemical Complex in Thanh Hoa Province on Tuesday received the first 270,000 tons of crude oil, or about two million barrels, from Kuwait, according to local media.

The post Nghi Son oil refinery gets first crude oil shipment appeared first on Dutch Business Association Vietnam.

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Bac Lieu Province hopes to attract wind energy investment

Local authorities from southern Bac Lieu Province on Wednesday, August 23, expressed their interest in attracting wind energy investment from companies based out of the Republic of Korea.

The post Bac Lieu Province hopes to attract wind energy investment appeared first on Dutch Business Association Vietnam.

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Finance Ministry mulls 1% tax on M&A deals

To prevent tax evasion in mergers and acquisitions (M&A) deals, the Ministry of Finance has proposed a 1% tax on the value of each successful transaction.

The post Finance Ministry mulls 1% tax on M&A deals appeared first on Dutch Business Association Vietnam.

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The controversial acquisition of zero dong banks will be incorporated into the law

One of the important contents of the draft Law amending and supplementing a number of articles of the Law on Credit Institutions (CIs), according to director of Legal Department under the State Bank of Vietnam (SBV) Doan Thai Son, is the solution to compulsory transfer CIs which are under special control.

The post The controversial acquisition of zero dong banks will be incorporated into the law appeared first on Dutch Business Association Vietnam.

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PM Phuc pledges optimal conditions for science, technology

The Government has made due investment in science and technology and creates the best possible conditions for scientists to uphold their talents and creativity.

The post PM Phuc pledges optimal conditions for science, technology appeared first on Dutch Business Association Vietnam.

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Campaign to be launched to make the world cleaner

The campaign aims to highlight the important role of environment management, especially the control of waste in rural areas during national construction and development.

The post Campaign to be launched to make the world cleaner appeared first on Dutch Business Association Vietnam.

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Real estate market: magnet for foreign investors

Property investors in Vietnam have been scaling up their business, while more and more new investors have concluded M&A deals in the real estate sector.

The post Real estate market: magnet for foreign investors appeared first on Dutch Business Association Vietnam.

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[Infographic] How to successfully improve your golf game?

It would be more fantastic to make efforts in order to get better at golf. Here are some techniques to help you successfully improve your golf game.

The post [Infographic] How to successfully improve your golf game? appeared first on Dutch Business Association Vietnam.

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Vietnam has 100,000 new market entrants in Jan-Aug

There have been over 100,000 enterprises newly established or resuming operations in the first eight months of the year, according to the Business Registration Agency.

The post Vietnam has 100,000 new market entrants in Jan-Aug appeared first on Dutch Business Association Vietnam.

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VN coal industry development plan to be adjusted

The PM has recently approved the adjustment and supplementation of the Viet Nam coal industry development plan until 2020 and prospect towards 2030.

The post VN coal industry development plan to be adjusted appeared first on Dutch Business Association Vietnam.

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"Make the world cleaner" campaign launched

A campaign to make the world cleaner will be launched from September 23-30 with the theme featuring waste management for sustainable rural environment, according to the Ministry of Natural Resources and Environment (MoNRE).

The post "Make the world cleaner" campaign launched appeared first on Dutch Business Association Vietnam.

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Target program on local health system development approved

VGP

The PM has recently approved the target program on the development of the local health system in the period of 2016-2020, which seeks to support public health institutions in localities in upgrading medical infrastructure and improving the quality of medical examination and treatment, towards meeting the healthcare needs of the people.

The post Target program on local health system development approved appeared first on Dutch Business Association Vietnam.

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Vietnam's trade deficit hits 2.13 billion USD in first eight months

Vietnam's trade deficit was estimated to hit 2.13 billion USD in the first eight months of 2017, according to the General Department of Vietnam Customs.

The post Vietnam's trade deficit hits 2.13 billion USD in first eight months appeared first on Dutch Business Association Vietnam.

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Did You Know? 7 Fun Facts About Golf

Golf is a centuries-old sport that's enjoyed by millions of people throughout the world. While most people are familiar with the general concept of golf, we're going to share some fun facts that you probably didn't know.

The post Did You Know? 7 Fun Facts About Golf appeared first on Dutch Business Association Vietnam.

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MARD to get involved in promoting organic farming

HANOI — The Ministry of Agriculture and Rural Development (MARD) should coordinate with relevant ministries to promulgate a decree on organic agriculture.

The post MARD to get involved in promoting organic farming appeared first on Dutch Business Association Vietnam.

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HCM City calls for foreign investments

HCM City – Ho Chi Minh City authorities, on August 31, held a meeting with foreign consuls general in the city to discuss orientations to develop the southern metropolis and joint works to increase foreign capital.

The post HCM City calls for foreign investments appeared first on Dutch Business Association Vietnam.

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Worries still remain as SBV is likely to pour to the market nearly 700tr dong

Recently, the government has asked the State Bank of Vietnam (SBV) to calculate the ability to raise the credit growth target for the whole year to 21-22 percent instead of 18%. If this goal can be achieved, this is the year that marks the return after seven years of credit growth at less than 20%.

The post Worries still remain as SBV is likely to pour to the market nearly 700tr dong appeared first on Dutch Business Association Vietnam.

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Reference exchange rate up 5 dong

The daily reference dong/US dollar exchange rate set by the State Bank of Vietnam (SBV) on August 31 was 22,438 dong, up five dong from the previous day.

The post Reference exchange rate up 5 dong appeared first on Dutch Business Association Vietnam.

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Golf can help your personal and professional development

It's no accident that golf has long been associated with the business world. Indeed, there is compelling evidence that the game can enhance your business and help you develop professionally and personally.

The post Golf can help your personal and professional development appeared first on Dutch Business Association Vietnam.

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Minister optimistic about achieving economic growth target

Minister and Chair of the government Office Mai Tien Dung said the economic performance in the January-August period is very positive, raising hope about achieving the target of 6.7 percent economic growth this year.

The post Minister optimistic about achieving economic growth target appeared first on Dutch Business Association Vietnam.

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Cutting regular spending, not raising taxes, will reduce public debt

While the Ministry of Finance (MOF) is seeking approval for tax hikes to increase the state budget revenue, economists point out that only reasonable government spending will help ease the budget deficit.

The post Cutting regular spending, not raising taxes, will reduce public debt appeared first on Dutch Business Association Vietnam.

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Large-scale investments promise FDI breakthrough

Many large-scale investment projects and cooperation agreements have been signed for the near future, promising a breakthrough in foreign direct investment (FDI) attraction in Vietnam.

The post Large-scale investments promise FDI breakthrough appeared first on Dutch Business Association Vietnam.

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Toyoda Gosei builds fourth airbag manufacturing plants in Vietnam

Toyoda Gosei Co., Ltd. has released plans on its website to build the fourth airbag manufacturing plant in the northern city of Haiphong to meet the growing demand as safety regulations become more stringent in regions around the world.

The post Toyoda Gosei builds fourth airbag manufacturing plants in Vietnam appeared first on Dutch Business Association Vietnam.

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KAHUNA Ho Tram Strip condotel and villa project launched

HCMC - The Ho Tram Project Company Ltd (HTP), a wholly-owned subsidiary of Asian Coast Development Ltd, has introduced its KAHUNA Ho Tram Strip condotel and villa project in Ba Ria-Vung Tau Province to potential investors.

The post KAHUNA Ho Tram Strip condotel and villa project launched appeared first on Dutch Business Association Vietnam.

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Firms consider pulling out of social housing projects

Hanoi — The massive stimulus package of VND30 trillion (US$1.32 billion), introduced in 2013 to encourage social housing development in Vietnam and revitalise the listless real estate sector, has been entirely disbursed. However, with the expiry of the attractive interest rates, many businesses are contemplating pulling out of the social housing market while the demands show no signs of flagging.

The post Firms consider pulling out of social housing projects appeared first on Dutch Business Association Vietnam.

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Vietnam's sole oil refinery hoping to strike it rich with $85 million stake sale

The operator of Vietnam's only oil refinery is planning to sell a 4 percent stake this November, and expects to raise nearly VND1.93 trillion ($84.8 million) from the offering, Bloomberg reported.

The post Vietnam's sole oil refinery hoping to strike it rich with $85 million stake sale appeared first on Dutch Business Association Vietnam.

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$9 billion Nghi Son refinery and petrochemical complex about to start operating

Nghi Son refinery and petrochemical complex's preparations for its debut in the fourth quarter of 2017 have been completed, so the complex is in a rush to finish all minor remaining tasks for a perfect launch on time.

The post $9 billion Nghi Son refinery and petrochemical complex about to start operating appeared first on Dutch Business Association Vietnam.

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Finance Ministry wants 1pct tax on transfer price in M&A deals

In an effort to prevent involved parties from evading tax by inaccurately declaring profits from M&A deals, MOF plans to tax one percent on the transfer price, to be applied to businesses, and one percent on income, to be applied to individuals.

The post Finance Ministry wants 1pct tax on transfer price in M&A deals appeared first on Dutch Business Association Vietnam.

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PM urges removal of business barriers

At the cabinet meeting on lawmaking held on August 22, Prime Minister Nguyen Xuan Phuc again asked ministries to quickly remove unreasonable or unnecessary business conditions which are costing enterprises dearly and seriously hurting the Government's efforts to improve the business environment.

The post PM urges removal of business barriers appeared first on Dutch Business Association Vietnam.

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Human Resource Management In An International Context

Managing Human Resources (HR) is a key function in modern organisations. HR is everyone's responsibility with line managers playing a crucial role. As an HR professional, you provide support to other departments by strategizing, administrating, coaching and advising.

The post Human Resource Management In An International Context appeared first on Dutch Business Association Vietnam.

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