VBMA wants bond holding cap rule amended The Vietnam Bond Market Association (VBMA) has proposed the Government and administering agencies review and amend some regulations in Circular 36 governing bond ownership caps to keep this market from plunging into troubles this year. In its petition submitted to the Government Office, the Ministry of Finance and the central bank, the association requests the central bank to delay the implementation of Circular 36 (from next month) to give bond investors, most of them banks, more time to upgrade technology and maintain safety ratios required for their operations. VBMA expects domestic commercial banks and branches of foreign banks to be offered a common maximum ratio of 35% for the short-term capital sources they use to buy Government bonds. Article 17 of the circular regulates the highest ratios of 15% for commercial banks with a majority State ownership; 35% for commercial joint stock banks, joint venture banks and wholly foreign-invested … [Read more...] about BUSINESS IN BRIEF 20/1
Green apple benefits
Authorities checking milk prices The Ministry of Finance’s Price Management Department has asked the provincial market monitoring authorities for coordination to inspect prices of dairy products for children aged under six. Inspections will mainly focus on prices of products of four leading firms – Mead Johnson Nutrition (Vietnam), Vinamilk, Nestle Vietnam, and FrieslandCampina Vietnam. Mead Johnson Nutrition (Vietnam), Vinamilk and Nestle Vietnam have already adjusted up their prices while FrieslandCampina Vietnam has not yet applied new prices though the date for price revisions which it registered with authorities was on Tuesday. As specified in a statement sent by the Price Management Department to provincial market monitoring agencies, Mead Johnson Nutrition (Vietnam) hiked prices of 15 items from December 12, 2013; Vinamilk raised prices of 22 items on February 10; and Nestle Vietnam revised up prices of 11 items from January 31. The number of items of … [Read more...] about BUSINESS IN BRIEF 16/3
Vietnamese food is delicious and it is often cited as one of the healthiest cuisines in the world. To make sure that this was true, we spoke to Antoine Yvon, the head nutritionist at CMI hospital in Ho Chi Minh City. You will finally know if all those banh mi sandwiches are good for you, if you should drink the broth of your pho or not, and the name of Vietnam's only superfruit. The interview was translated from French. What is your general professional opinion about Vietnamese food? Is it as healthy as people think it is? Antoine Yvon: Vietnamese food is one of the most healthy and balanced in the world. As a professional, I have seen that dishes and ingredients used in Vietnamese cuisine can cover all the dietary needs on protein, lipids, carbohydrates, vitamins and minerals because there is a great natural diversity of agricultural products. It is this diversity and variety that are the foundations of a healthy and balanced lifestyle. Eating with chopsticks, using multiple … [Read more...] about Is Vietnamese food really healthy?
SMEs need more clarity, confidence Small enterprises can succeed if the leaders adopt clear business strategies and show self-confidence, stated Central Institute for Economic Management (CIEM) former director Le Dang Doanh. This was reported by Viet Nam Economic News yesterday. According to data furnished by the General Statistics Office in January 2014, Viet Nam had 6,900 newly-established enterprises, which is a 15.7 per cent increase in the number of enterprises. However, registered capital only reached VND43.7 trillion (US$2.08 billion), an increase of 11.5 per cent as compared to December 2013. The number of newly-established enterprises increased more as compared to the registered capital. Viet Nam had 76,955 newly-established enterprises in 2013, an increase of 10.1 per cent as compared to 2012. However, registered capital only reached VND398.7 trillion ($18.98 billion), a decline of 14.7 per cent as compared to 2012. General Statistics Office General Director Nguyen Bich Lam … [Read more...] about BUSINESS IN BRIEF 12/3
Ever since a civil war split the two sides more than 60 years ago, China has viewed Taiwan as a renegade province that needs to be absorbed into the mainland. To that end, the legion of Taiwanese businessmen working in China is a beachhead. In June, hundreds of those businessmen gathered in a hotel ballroom in the southern Chinese city of Shenzhen. They were there to toast the new head of a local Taiwan merchants’ association. They sipped baijiu liquor and ate seafood as a troupe performed a traditional lion dance for good luck. An honored guest, senior Communist Party official Li Jiafan, stood to deliver congratulations and a message. “I urge our Taiwanese friends to continue to work hard in your fields to contribute to the realization of the Chinese dream as soon as possible,” said Li, using a nationalist slogan President Xi Jinping has popularized. “The Chinese dream is also the dream of the people on both sides of the Taiwan Strait – our dream of … [Read more...] about How China’s shadowy agency is working to absorb Taiwan