31 Aug 2012 Intellasia Finance Vietnam - Hong Kong Business ...

FINANCE
Vietnam finance & business 31 August 2012
Vietnamese entrepreneurs.
He will touch upon issues of common concern towards the signing of the Trans-Pacific
Partnership Agreement (TPP), and propose strategies of cooperation to promote common
targets at the upcoming Asia Pacific Economic Cooperation Forum (Apec) along
with initiatives for supporting efforts for Asean integration.
Since the US and Vietnam established diplomatic ties 17 years ago, annual two-way
trade turnover has increased from below $1 million to nearly $22 billion.
The US is currently Vietnam's biggest export market and investor.
http://english.vovnews.vn/Home/US-Trade-Representative-due-to-visit-Vietnam/
20128/141601.vov
Inventory still high 31/AUG/2012 INTELLASIA | SAIGON TIMES DAILY
The inventory index of the local processing-manufacturing industry this month was
still higher than the year-ago figure, according to the general Statistic Office, indicating
purchasing power of the economy is yet to be improved.
The office on Wednesday said on its portal that the inventory index of the industry recorded
as of August 1 jumped by 20.8 percent year-on-year. Those sectors posting high
indexes are fertiliser and nitrogen compound sectors with 81.6 percent, plastic industry
69.2 percent, communication components 61.9 percent and cement 50.6 percent.
It is noted that while inventory remained high, manufacturing still expanded in the period.
In the eight months of the year, the industrial production index marked up by 4.7
percent year-on-year, with the mining sector rising by 4.9 percent, processing and
manufacturing 3.9 percent, gas and power production and distribution 12.7 percent,
and water supply and garbage and wastewater management and treatment 9.8 percent.
A number of sectors with the higher production increases include ship building and
floating structures with 150.7 percent, communication equipments 64.1 percent, vehicle
components 43.8 percent, electronics spare parts 29.1 percent, medicine and drug
materials 18.6 percent, dairy products and processing 16.3 percent, sugar production
13.8 percent and crude oil 13.6 percent.
Total investment capital which was financed by the State Budget this month reached
an estimated VND19.57 trillion, with the central budget contributing VND4.61 trillion
and provincial budgets VND14.96 trillion. As such, the State Budget from January to
August injected a combined VND125 trillion into public investments, equivalent to
60.2 percent of the year's plan and up 5.6 percent year-on-year.
http://english.thesaigontimes.vn/Home/business/vietnam-economy/25329/
More than 6,100
companies formed in
Aug
31/AUG/2012 INTELLASIA | BAO DAU TU
Information from Business Registration Management Department (Ministry of Planning
and Investment) said that in August 2012, Vietnam had 6,118 newly established
companies with a total registered capital of 73.597 trillion dong, rising 3.32 percent in
volume and 161.33 percent in value from July.
If comparing with the same period last year, the number of newly formed companies
saw a fall of 2.64 percent but increased 81.84 percent in pledged capital.
Newly formed firms still mainly focused in two regions of Red River Delta and Southeast
of Vietnam, with 34,216 companies, accounting for over 74.2 percent of the country's
total volume of newly established companies in the past eight months.
Earlier, in July, according to the report from general Department of Taxation sent to
the Ministry of Finance, the number of newly established companies in July was
46,818, of which, the number of non-state companies accounted for 42,349.
Till the end of July, the number of companies suffering operation suspension was
20,741 (by the end of June, the volume was 21,678 firms). Notably, in July, as many as
937 companies resumed operations, mainly non-state firms.
Intellasia 31 August 2012 13 / 46