Financial Markets Long-term capital shortage the key bottleneck in economic growth: forum By Hoang Khang Tuesday, Aug 21, 2018,14:50 (GMT+7) Long-term capital shortage the key bottleneck in economic growth: forumBy Hoang Khang Deputy Prime Minister Vuong Dinh Hue speaks at the Vietnam Economic Forum taking place in Hanoi on August 21 – PHOTO: VNE HCMC – Speakers at the Vietnam Economic Forum taking place in Hanoi today drew attention to the shortage of long-term capital, saying it is the main bottleneck in the country’s economic development and urging the Government to have policies to address the issue. The forum comprised of two sessions, with the first one discussing solutions to restructure Vietnam’s financial market and the second one looking for ways to bring into play private resources to rev up the country’s economic growth. The event featured high-profile speakers including Deputy Prime … [Read more...] about Long-term capital shortage the key bottleneck in economic growth: forum
Thoi bao kinh te sai gon
Friday's Tale Low-flying option? Son Nguyen Friday, Apr 7, 2017,06:55 (GMT+7) Low-flying option?Son Nguyen The Ministry of Transport is now facing a tough choice: whether to advocate competition in the civil aviation industry to benefit the public by refusing proposals to impose a floor airfare, or to curb competition by siding with national flag carrier Vietnam Airlines and its affiliate Jetstar Pacific. It is tough because the two State-owned carriers want a floor air ticket price set to ensure profitability, but taking this option means putting the public interests at stake, let alone it goes against the basic rules of the market economy. Such a dilemma, so to say, has stolen the spotlight in local media these days. In their proposals sent to the ministry, both Vietnam Airlines and Jetstar Pacific call for a floor airfare as a cushion in the fierce price war against private airline Vietjet Air. The private carrier, meanwhile, … [Read more...] about Low-flying option?
Friday's Tale Sinking the environment Son Nguyen Friday, Jul 14, 2017,14:28 (GMT+7) Sinking the environmentSon Nguyen Grave concern is the overwhelming perception in all walks of life following a recent decision by the Ministry of Natural Resources and Environment to allow Vinh Tan 1 Power Company Ltd. to sink nearly one million cubic meters of sand and mud into the waters off Binh Thuan Province. As per the decision issued a fortnight ago, the company, owner of Vinh Tan 1 Thermopower Plant, is given three months till the end of October to dump that huge volume of sand and mud onto the seabed eight kilometers from the Hon Cau Marine Protected Area. Such a move, according to local media, is feared to pollute a large swathe of the sea in the long term, despite assurances from the ministry to safeguard the environment. The waste is said to be comprised of mud, sand, shell, gravel and other sediments dredged from the seabed by the … [Read more...] about Sinking the environment
Last month Halcom Viet Nam announced a list of investors who it said are set to buy its shares this year. — Photo halcom.vn Last month Halcom Viet Nam announced a list of investors who it said are set to buy its shares this year. The 16 investors will buy a total of 24.5 million shares at a price of VND10,000 each, acquiring between 50,000 and 10 million shares each. The plan had been approved at an extraordinary shareholders meeting last December. Of the VND245 billion to be raised, about VND100 billion will be used by the Phong Dien Mien Trung Joint Stock Company to build the Phuong Mai Wind Power Plant in Binh Dinh Province, and VND125 billion will be used to upgrade Provincial Road 123. The remainder will supplement the company’s working capital. Many other companies too have opted to go down the equity path to raise funds rather than borrow from banks. Intriguingly, many of them including HID, have sold their stakes to strategic partners at several times higher than … [Read more...] about Companies ‘strategic’ share sales raise eyebrows
VietNamNet Bridge - Vietnam has one of the highest proportions of import/export turnover to GDP in the region, over 180 percent. The growth of import/export turnover is considered an important target Analysts and policymakers point to the close relations between foreign trade and economic growth, saying that the growth of import/export turnover is considered one of the most important targets by the National Assembly. Vietnam’s proportion of import/export turnover to GDP is higher than the 120 percent of Thailand and Malaysia, and higher than the 40 percent of China, which has been the fastest growing economy in the world in the last four decades. Pham Van Dai, an analyst, in his article in Thoi Bao Kinh Te Sai Gon, pointed out that Vietnam is an outsourcing economy with limited domestic input materials (mostly natural resources such as land, water sources, minerals and cheap labor force). RELATED NEWS Oil & gas loses the ‘throne’ as the biggest … [Read more...] about What is a suitable growth rate of foreign trade for Vietnam?