Rubber exports reap over US$1.52 billion; VFA proposes stockpiling more rice; 2013’s economy likely to grow by 5.3%; Promoting cooperation potential with Japanese locality

 Binh Duong approves US$200 million investments; Gmobile still fraught with difficulties; Farm produce exports slightly decline; HCM City’s sales promotion month attracts 900 firms

 VietNamNet Bridge – There are two reasons that make businessmen refuse to expand their business scale.

State owned enterprises (SOEs) are sure of loss if they sell stakes to withdraw capital from the enterprises they invested in. However, the State, the real owner of the enterprises, doesn’t expect loss.

While the average salary of seasonal workers is only VND5.4 million ($260) per month, that of the Director of HCM City Urban Drainage Company is over VND200 million ($10,000), totaling about VND2.6 billion ($130,000) a year.

 VietNamNet Bridge – Deputy head of Central Institute for Economic Management Vo Tri Thanh weighs over diverse aspects in Vietnam’s M&A market development and explains why it is now a good time for M&A deals.

VietNamNet Bridge – Prime Minister Nguyen Tan Dung has asked Viet Nam Posts and Telecommunications Group and its newly-appointed general director Tran Manh Hung to accelerate the outfit's restructuring process.

 VietNamNet Bridge – In this list are the corporations in the fields of oil and gas, power and finance-banking.

The Prime Minister has requested state-owned enterprises (SOEs) to focus on their core business fields and not to spread their capital in non-core sectors. However, the new regulations seem to pave the way for the enterprises to do this.

 VietNamNet Bridge – Experts have warned that the Vietnam Asset Management Company (VAMC) may be “jobless,” because it may have no debt to trade.

 VietNamNet Bridge – To date, 66 economic groups and general corporations have built up the enterprise restructuring plans to be submitted to the governing ministries and the Prime Minister. Of these, 44 plans have been approved.

 VietNamNet Bridge – Several State-owned enterprises (SOEs) are facing difficulties withdrawing their investment from non-core businesses, even though this September is the deadline for them to do so.

 VietNamNet Bridge – State-owned enterprises (SOEs) may be asked to publish financial information on their websites or other means of communication, according to a draft Circular.

VietNamNet Bridge – The Ministry of Finance will present to the Government a decree on handling bad debts at State-owned enterprises which will serve as a legal basis to require enterprises to classify debts and better handle bad debts.

VietNamNet Bridge – Falsifying a Viet Nam C/O for goods exported to major market countries having tough tax barriers, such as the US and EU, remains a common fraud committed by foreign-invested enterprises to pay lower tax rates,

The Government has issued regulations on financial supervision, business evaluation and information transparency for State-owned enterprises and those with State-owned capital contribution, listing four types of enterprises

To speed up the restructuring of state-owned enterprises (SOEs), the Ministry of Planning and Investment has issued the draft classification criteria to ensure the implementation of the roadmap of divesting State capital from SOEs.

 Cell phone export to UAE reaches US$1.36 billion; Garments and textiles to enjoy zero percent tariffs; Major infrastructure investment priorities discussed; SOE cutbacks expected as State tightens belt

The equitization of state owned enterprises (SOEs) has got stuck.

 VietNamNet Bridge – A public debt crisis would hit Vietnam by 2020 if the present way of public spending did not change, according to a report by the Economic Committee of the National Assembly.