Circular will revamp stock market
(Jan 29, 2015)
Since its issuance late last year, Circular 36/2014/TT-NHNN, which set
limits on how much banks can lend to stock investors, has had a strong
impact on both credit institutions and the securities market. Investors
fear that the total amount available for margin loans will drop
dramatically after the Circular takes effect on February 1.
The domestic real estate market is likely to warm up this year, with the
amended Housing Law allowing foreigners to buy property. Viet Nam News
reporter To Hang talked with economic expert Nguyen Tri Hieu about this issue as well as
the most promising segments in the property market.
In 2014, the Government took the initiative to
speed up restructuring of State-owned enterprises, but it also needs to
strengthen its focus on another pillar of the economy, the private
sector, which is key to the nation's future sucesss, says Wendy Jo
Werner, the World Bank Group's Practice Group Manager on Trade and
Competitiveness for the East Asia and Pacific region.
Siemens and consulting firm Arup recently presented a study on
intelligent transportation system, which shows how intelligent
infrastructure can help cities address rising demand for transport, and
at the same time offer transport networks better protection against
extreme weather events. Viet Nam News speaks with Siemens Vietnam President and CEO Dr Thai-Lai Pham about the study.
The Vissai Cement Group will make its first shipment of the year to
Bangladesh this month, crossing the 10 million tonnes export mark after
four years. Founded in 2004, Vissai has five cement plants with a total
capacity of 7.5 million tonnes of clinker per year. Its products have
been exported to 30 countries and territories. CEO Hoang Manh Truong
spoke to Viet Nam News about his desire to develop Vissai into a global brand.
The National Assembly approved socio-economic development targets for
2015, including in GDP and CPI growth. Nguyen Thanh Binh, deputy
director of the Ha Noi Institute for Socio-Economic Development Studies,
spoke to Viet Nam News about the country's potential for reaching these
Circular 02 on bad debt classifications and risk
provisions will come into effect by April this year, Chairman of the
Vietnam Asset Management Company (VAMC) Nguyen Quoc Hung has revealed.
He made the announcement while talking to the local media about his
company's targets and the methods the company will use for handling bad
debts in 2015.
The southern province of Binh Duong announced it
exceeded its foreign-direct-investment (FDI) target for 2014 by 65 per
cent, despite many difficulties. Viet Nam News talked to chairman Le Thanh Cung to find out how the province became so successful.
The State Bank of Viet Nam will continue to allow credit institutions to
give loans in foreign currencies to export companies and petrol
wholesalers till the end of 2015.
Director o the Ministry ofPlanning and Investment's Foreign Investment Agency Do Nhat Hoang spoke to Dau Tu (Investment) newspaper about how the new national information system for foreign investment would benefit investors.
The Minister of Planning and Investment, Bui
Quang Vinh, spoke to reporters about changes made to the amended Law on
Enterprise and Law on Investment, both recently approved at the eighth
session of the 13th National Assembly.