Vietnam Economy Forum

[Nike]

Sometimes i wonder why Vietnam Economic progress get a different attention in PDF forum, even Singapore and Indonesia from the same ASEAN region in which both have a more larger and complex economics situations doesn't have the same attention. Anyone can explain that to me

 

[BoXilai]

Sometimes i wonder why Vietnam Economic progress get a different attention in PDF forum, even Singapore and Indonesia from the same ASEAN region in which both have a more larger and complex economics situations doesn't have the same attention. Anyone can explain that to me

You and false flaggers can makes threads likes that and discuss/satisfy yourself,... For people who doesn't lives in Southeast Asia, they will look into territorial conflicts and the expansion of China. Certainly, they will care of countries which has direct conflicts on East Vietnam Sea instead of China's vassals, false flaggers or yes-mans.

 

[NiceGuy]

Sometimes i wonder why Vietnam Economic progress get a different attention in PDF forum, even Singapore and Indonesia from the same ASEAN region in which both have a more larger and complex economics situations doesn't have the same attention. Anyone can explain that to me

Bcz most of the news in this threat are posted by VNese and PDF's mod saw that it may be an interesting thread, so its allowed to stay as sticky thread

back to the topic

Budget deficit higher than expected

The State budget deficit was estimated to hit 92.39 trillionVND (4.35 billion USD) in the first half of this year, equal to 57 percent of the annual plan set by the National Assembly, the Ministry of Finance (MoF) announced at a July 19 conference in Hanoi.

Addressing the conference, which reviewed the ministry's performance in the first half of the year and plan for the remaining months, head of MoF's Administrative Office Nguyen Duc Chi reported that the country's total budget collection in the first half reached 356.52 trillion VND (16.58 billion USD).

The sum, he said, was an equivalent to a 4.5 percent rise against the same period last year, meeting 43.7 percent of the annual target.

He also reported that domestic revenues only met 43.3 percent of the yearly target - the lowest level seen at this stage in the past four years.

The country's total expenditure in the period surged 7.5 percent from last year, reaching 448.91 trillion VND (20.88 billion USD) and meeting 45.9 percent of the annual target.

Of this amount, spending for socio-economic development and administrative management rose 11.6 percent against the same period last year, while payment for foreign aid was up 2.8 percent year-on-year.

The ministry estimated that this year's State budget collection would be cut by 17.613 trillion VND (819.2 million USD) due to tax exemptions and extensions.

To support businesses throughout the economic slowdown, the finance ministry has extended and reduced corporate income tax (CIT), value added tax (VAT), environmental protection tax and land lease fees for a number of firms.

Chi said that the Government's measures to support production and business had allowed more than 40,520 new firms to be set up in the first half of the year, raising the number of firms in the country to 457,343, up 9.5 percent over the same period last year. Among the newly-established firms, 249 were State-owned firms, 542 foreign invested firms and 39,732 private firms.

He said this is a good signal in the context of the economic slowdown, adding that the number of firms ceasing operation during the first half of the year was 24,931, of which 202 were State-owned and 269 were foreign invested.

For the second half of the year, Chi said that the finance ministry would continue to coordinate with other relevant ministries and agencies to study and map out suitable tax policies to help boost production and increase the competitiveness of firms and their products.

"Together with better controlling to avoid tax fraud, the Ministry of Finance will focus on removing difficulties for businesses, helping them deal with inventories and non-performing loans, enlarging markets and increase production and business," he said.

The ministry will also quickly finalise this year's expenditure plan on infrastructure construction, investment capital and Government bond capital to bolster consumption, helping producers remove inventories.-VNA
Budget deficit higher than expected -- Vietnam+ (VietnamPlus)

 

[Battle of Bach Dang River]

Sometimes i wonder why Vietnam Economic progress get a different attention in PDF forum, even Singapore and Indonesia from the same ASEAN region in which both have a more larger and complex economics situations doesn't have the same attention. Anyone can explain that to me

You can create a same thread about Indonesia's economic, if you want.

 

[Soryu]

Sometimes i wonder why Vietnam Economic progress get a different attention in PDF forum, even Singapore and Indonesia from the same ASEAN region in which both have a more larger and complex economics situations doesn't have the same attention. Anyone can explain that to me

You can try it too, create your theard and bring up news ...

 

[Viet]

Sometimes i wonder why Vietnam Economic progress get a different attention in PDF forum, even Singapore and Indonesia from the same ASEAN region in which both have a more larger and complex economics situations doesn't have the same attention. Anyone can explain that to me

you are right. Indonesia economy is the biggest in the region, hence deserves more attentions by other members. I can´t explain why, either. I can suggest you post more interesting news about your country to attract more views.

@Hu Songshan, I support the idea to make Indonesia economy thread to a sticky one.

 

[Viet]

pictures of the VN president visit to Washington

arrived in Washington

with US foreign Secretary Kerry

meeting with US Trade Representative Penny Pritzker in Washington DC

meeting with US congressmen

with International Monetary Fund (IMF) Managing Director Christine Lagarde

on a ASEAN-US forum

on a forum of TPP Trans-Pacific Partnership Agreement

 

[Viet]

Mercedes-Benz opens the modern paint factory

July 19, 2013
Vietnam Breaking News

To cater for the assembly of cars in Vietnam, Mercedes-Benz has officially launched the advanced electro-dip coating facility on the morning of July 17 in Go Vap District, HCMC.

Starting from November, 2011, the facility was built on an area of ​​5,000 square meters with a total investment of US$10 million and located on the campus of Mercedes-Benz Vietnam in HCM city.

The facility went into operation with production of 3 cars per hour. The two main functions are pre-treatment and electro-dip coating for body and other mechanical details of vehicles such as the GLK, C-Class, E-Class. Each unit goes through 16 stages consists of 9 steps of zircobond and 7 steps of coating during the 120 minutes.

The electro-dip coating facility in Vietnam is one of the most modern paint factory of Mercedes-Benz in the world.

Coating technology uses zirconium which is mainly used as a refractory and opacifier, although it is used in small amounts as an alloying agent for its strong resistance to corrosion. And the facility will not use and emit toxic heavy metals such as nickel, zinc, manganese. So it can reduce 30% of wastewater and 40% power saving compared to the traditional phosphate coating.

 

[Viet]

despite small investment but the factory is of great benefit for local fruit farmers.


Japanese company builds acerola fruit processing plant

Updated : 7/18/2013 11:51:31 AM

Japan’s Nichirei Suco company began construction of a plant to process acerola fruit in Go Cong Dong district, southern Tien Giang province on July 17.

The VND90 billion (US$4.2 million) plant is scheduled to start operation in March 2014.

Tien Giang has the largest area of acerola trees (scientific name Malpighia emarginate) in the country which produce 4,000 to 5,000 tonnes per year.

The acerola, which is as very rich in vitamin C, is one of the seven main fruits grown in the province for export to Japan, Singapore and Hong Kong.

The Japanese company has recently invested VND6 billion in building a research centre in Binh Nghi commune, Go Dong district, to help improve the quality of acerola fruits and increase farmer’s income.

 

[Sasquatch]

you are right. Indonesia economy is the biggest in the region, hence deserves more attentions by other members. I can´t explain why, either. I can suggest you post more interesting news about your country to attract more views.

@Hu Songshan, I support the idea to make Indonesia economy thread to a sticky one.

Make the thread and I will make it a sticky.

 

[Viet]

Make the thread and I will make it a sticky.

there is an existing one:
Indonesia's Economy, Political, Social, and Science Development Thread

By the way, do you have any rules that need to be met before thread becomes sticky? just curious.

 

[ViXuyen]

Here is the documentary video about TH True Milk's farm that I posted the pictures in the last page. So I guess TH True Milk has more than 30,000 cash cows at the moment while Vinamilk has at least 10,000 cash cows (some reports say 61,000) . Milk is a very good investment and I'm looking forward to see Vinamilk coming to giant U.S wholesellers like Costco or Sam's Club in the next few years.

Có m

 

[Sasquatch]

there is an existing one:
Indonesia's Economy, Political, Social, and Science Development Thread

By the way, do you have any rules that need to be met before thread becomes sticky? just curious.

Found another one .

Unless it's requested by popular demand and highly important, other then that no.

 

[Viet]

two news about Myanmar, a promising market



Exports to Myanmar up 99.41%

Updated : 7/19/2013 10:47:12 AM

(VOV) - Vietnam’s exports to Myanmar increased by 99.41% to US$99 million in the first half of this year. Its major items included steel, machinery and equipment, tools and means of transport.

Meanwhile, the volume of wood and timber products, vegetables and seafood it imported from Myanmar was down 32.4% from a year earlier to just US$45.2 million.

According to the Industry and Trade Information Centre, two-way trade turnover reached US$228 million in 2012 and was estimated at US$144.3 million in the first six months of this year (up 23.7%). There is high hope that it will hit around US$300 million by the end of this year and US$500 million by 2015.

Vietnam’s investment capital in Myanmar is expected to exceed US$500 million this year and to hit US$1 billion by 2015.

 

[Viet]

Local firm to manage tallest building project in Myanmar

Updated : 7/14/2013 9:58:51 AM

Vietnam’s Archetype Group has won the project management contract for Diamond Inya Palace, a building set to be the tallest in Myanmar.

Located near Inya Lake, the building will be a residential complex with 34 stories situated on a 120,000sq.m plot. It will have 406 apartments including four penthouses and several facilities like spa, a mini-theatre and a swimming pool.

Construction on the palace is due for completion in late 2015.

Archetype Group Ltd is a multi-disciplinary construction consultancy firm. It has operations in Vietnam, Cambodia, India, Thailand, Laos, Mongolia, Indonesia, Myanmar, Qatar, Kazakhstan and France.