PVN to divest VND5 trillion from OceanBank, PVcomBank; Open-ended SSI-SCA fund starts operation; Vietnam, RoK cooperate in developing microchip industry; Start-up capital goes up 13.9 percent in 9 months

VietNamNet Bridge – The high taxes being imposed on automobiles would be cut sharply in a strategy to stimulate the demand and attract the investments to the Vietnamese automobile manufacturing.

Experts all have agreed that it’s necessary to offer big investment incentives to encourage investors to pour money into wind power projects, but they still have not agreed on how big the preferences should be.

Automobile manufacturers have successively launched the car models with the cylinder capacity of less than 2.0L, hoping the models would help stimulate the demand.

VietNamNet Bridge – Finnish Nokia still holds the biggest mobile phone market share in Vietnam. However, its Number 1 position has been shaken with the rise of Samsung.

The Phu Yen provincial authorities have asked relevant ministries to propose the government to apply the zero percent export tariff to the petrochemical and sulphur products to be churned out by the Vung Ro oil refinery.

South Koreans have been flocking to Vietnam to invest in the real estate, retail, logistics, consumer goods and electronics projects, the business fields that they have great advantages.

Vietnamese have got familiar to the Korean culture, and they have joined hands with South Korean investors. The third South Korean investment wave has begun in Vietnam, with the big changes in the investors’ tastes.

A lot of state agencies and enterprises, which want to utilize open source software, complain that they don’t know how they can choose “genuine products” in the market where most of the available products have not been tested in quality.

The unhealthy competition has exterminated the creativeness of enterprises and discouraged them to spend money to develop software products.

If the automobile industry development plan is implemented as expected, cars would get much cheaper in just some years.

VietNamNet Bridge – Vietnam lacks the medium size businesses which can act as the bridge connecting enterprises and join the global supply chain.

About 20 percent of Vietnamese cement enterprises have been put on the brink of bankruptcy. The solution they most think of now is to sell themselves to foreign investors who would pump money to clear debts and restructure enterprises.

While keeping complaining about the small scale of the Vietnamese market and the changeable policies, foreign automobile manufacturers still have been flocking to Vietnam.

The domestic digital content market, estimated to be worth billions of dollars, may be out of the reach of domestic enterprises if they cannot receive the appropriate support from the state.

Weak in creativeness, lacking the qualified labor force, while having no considerable support from the State, digital content firms have been living, but in poor conditions.

Technology groups said they have been put at a disadvantage, which may make them defeated on the home market.

Analysts have noted the rapid increase in the sales of pick-ups recently and predicted the sharper increase in the near future in the context of the higher sedan ownership registration tax.

The draft of the corporate income tax law compiled by the Ministry of Finance (MOF) is comprised of the provision saying that the tax incentives for industrial zones (IZs) would be restored.

No industry has developed into the key industry of the nation which can enjoy the preferences from the State.