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	Hydrofoil firm resumes Vung Tau trips at half price
	Vietnam to keep dollar/dong rate moves within 2 pct in 2015
	Fund helps to rein in bad debts

Domestic News

Hydrofoil firm resumes Vung Tau trips at half price

A hydrofoil firm has begun ferrying passengers between Ho Chi Minh City and the coastal resort town of Vung Tau at half price

Vietnam to keep dollar/dong rate moves within 2 pct in 2015

Fund helps to rein in bad debts

HA NOI (VNS)— The growth of bad debts slowed significantly last year, and risk prevention funds increased, according to the State Bank of Viet Nam.

Garment sector sets ambitious goal

HA NOI (VNS)— The garment industry has targeted an export value of US$18-19 billion this year, an increase of 12 per cent over last year, a representative of the leading State-owned clothing manufacturer Vinatex announced.

Funding sought for transport projects

HA NOI (VNS)— The Ministry of Transport and relevant State agencies needed to mobilise social funding for transport projects, as the current funding available for the transport sector this year stood at only VND20 trillion (over US$961.5 billion) - half of last year's figure, Deputy Prime Minister Hoang Trung Hai said at an online conference in Ha Noi yesterday.

Moreover, many transport projects had been progressing slowly and were of poor quality, he said, adding that 2013 transport projects must take climate change into account.

Foreign steel firms wary about entering Vietnam amid glut

JFE Holding Inc., Japan’s second-biggest steel producer, has delayed a decision to build a US$3.6-billion integrated steel plant in Vietnam, saying it is worried that the poorly developed market could hinder its operations.

Decentralisation process flags

HA NOI — Local decent-ralisation plans have largely failed to conform to national strategies, according to a report released yesterday by the Viet Nam Institute of Economics (VIE) and Central Institute for Economic Management (CIEM).

Foreign firms dominate VN smartphone market

HA NOI (VNS)— Vietnamese smartphones are facing difficulties competing with an influx of budget smartphones from leading phone makers such as Samsung, Nokia and LG.

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