Businesses hope for State reforms in 2015
(Feb 26, 2015)
The local business community in Viet Nam is hoping that this will be
breakthrough year in terms of reforming economic institutions and
administrative procedures. Vu Tien Loc, chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) spoke to the Vietnam News Agency about these issues.
According to the Ministry of Planning and Investment, foreign
investors seeking to invest US$20.2 billion in Viet Nam have experienced
a 19 per cent increase over the $17 billion target. Biz Hub reporter
Lan Dung talks with Nguyen Mai, chairman of the Viet Nam Association of
Foreign Invested Enterprises (VAFIE), about the current state of FDI in
the country, as well as projections for 2015.
The Chairman of the joint stock automaker Vinaxuki, Bui Ngoc Huyen, shared with the Vietnam News Agency
reporter Duc Dung his opinions on the Government's policies on land,
technological transfer, and long-term, low-interest-rate loans to
stimulate the automobile spare parts manufacturing business.
Shifting from debt in 2012, Thang Long Cement JSC produced 2.48 million
tonnes of cement and clinker last year to post a year-on-year growth
before interest and taxes of estimated 30 per cent. The company has set a
goal of becoming a leading cement group in Viet Nam by 2030. Viet Nam
News spoke to Mukhamad Saifudin, general director of Thang Long Cement
JSC, about this target.
The word "belief" has cropped up often during the recent months when one
talks about the monetary market and the management policies by the
State Bank of Viet Nam (SBV).
Standard Chartered Bank recently released a report called Global
Research 2015 – The Year Ahead, Rekindling the Animal Spirits, which also
takes a look at Viet Nam's economic and financial outlook, growth, FDI
prospects, trade and interest rate.
Viet Nam News
spoke with the bank's
economist, Betty Rui Wang, about these issues.
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.