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Wednesday, May 9, 2012 (11/05)
Wednesday Wednesday, May 9, 2012 Outbound tourism grows, domestic segment weaker HCMC � More Vietnamese people tended to opt for outbound tours during recent holidays, while domestic travel fared poorer, according to HCMC�s Department of Culture, Sports and Tourism. State budget loses VND4.36 tril. on car import drop HCMC � A 51% decline in import value of completely built-...
Tuesday, May 8, 2012 (11/05)
Tuesday Tuesday, May 8, 2012 State bank sets 15 pct lending rate cap to aid firms The State Bank of Vietnam (SBV) yesterday issued a new circular, imposing a 15 per cent cap on lending interest rates for four preferential sectors, starting next Tuesday, May 8. Developers adopt new survival strategies The State Bank of Viet Nam has loosened its grip on real estate loans rece...
Monday, May 7, 2012 (11/05)
Monday Monday, May 7, 2012 Government looks to cut interest rates The interest rates cap is likely to be further lowered to ease the credit crunch that has driven numerous enterprises to dissolution, the Government's top leader said at a monthly Cabinet meeting yesterday. Inflation forecast to hit single digits Inflation eased to 10.5 per cent year-on-year in April from 14....
Thursday, April 26, 2012 (27/04)
Thursday Thursday, April 26, 2012 C.T Land, Korean firm cut deal to develop logistics HCMC � C.T Land, a subsidiary of C.T Group, on Tuesday signed a memorandum of understanding with CJ GLS Co. Ltd., a unit under South Korea�s CJ Group, to jointly develop the logistics system in Vietnam. Property market needs unfavorable policies removed HCMC � Credit supply at affordable l...
Wednesday, April 25, 2012 (27/04)
Wednesday Wednesday, April 25, 2012 High inventories bar inflation HCMC � The consumer price index (CPI) of April slightly inches up 0.05% against March due to high inventories as a result of shrinking purchasing power. VSIP licensed for new township project in Quang Ngai HCMC - The Vietnam Singapore Industrial Park Joint Venture Co. (VSIP JV) on Monday received an investme...
Monday, April 23, 2012 (27/04)
Monday Monday, April 23, 2012 Prime Minister okays new financial strategy Prime Minister Nguyen Tan Dung has approved a financial strategy through 2020, under which the stock market will be restructured to ensure a more co-ordinated and balanced development among the stock, bond and derivatives markets. Overseas Vietnamese shun stocks Overseas remittances have increased ste...
Thursday, April 19, 2012 (20/04)
Thursday Thursday, April 19, 2012 Measures aim to restrict bad debt Credit institutions, including foreign bank branches, which have high bad debts or violate the regulations on capital contributions or share purchases from other ventures, will have their credit growth restricted, according to a circular from the State Bank of Viet Nam. Roadside parking spaces set to go HC...
Wednesday, April 18, 2012 (20/04)
Wednesday Wednesday, April 18, 2012 Bleak outlook forecast for seafood firms CAN THO � Some 20% of the seafood enterprises are forecast to go bust or face stagnant production this year for several reasons, said Nguyen Huu Dung, vice chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP). Economic restructuring should start first with SOEs DANANG � St...
Tuesday, April 17, 2012 (18/04)
Tuesday Tuesday, April 17, 2012 Vietnam Q1 loans drop 1.96 pct vs end 2011-cbank Vietnam's outstanding loans at the end of March dropped 1.96 percent from the end of 2011, the central bank said on Tuesday. PGBank targets 700b dong pre tax profit in 2012 The annual general meeting of Petrolimex Group Commercial Joint Stock Bank (PG Bank) has recently agreed this year busines...
Monday, April 16, 2012 (17/04)
Monday Monday, April 16, 2012 Economic downturn forecast to hit Vietnam again HANOI � The country�s leading experts have voiced concern that Vietnam is entering into a fresh battle to stave off yet another economic downturn, citing the central bank�s latest ceiling deposit rate reduction. Ceiling interest rate reduction to 12 percent causes shock Though the State Bank of Vi...
Friday, April 13, 2012 (17/04)
Friday Friday, April 13, 2012 Supporting homebuyers a lifebuoy to realty market HCMC � Offering homebuyers preferential loans is considered a solution to remove the current difficulties of the property market and improve the market liquidity. SaigonTex 2012 showcases apparel machinery HCMC � The 22nd international exhibition Garment and Textile Equipment and Accessories (S...
Thursday, April 12, 2012 (13/04)
Thursday Thursday, April 12, 2012 ADB estimates Vietnam FX reserves up around 25 pct in Q1 Vietnam's typically low foreign exchange reserves rose by around 25 percent to an estimated $17 billion at the end of the first quarter from late 2011, the Asian Development Bank said. France helps Vietnam develop microfinance The State Bank of Vietnam (SBV) and the French Development...
Tuesday, April 10, 2012 (13/04)
Tuesday Tuesday, April 10, 2012 Viet Nam top destination for international investors A recent survey conducted by the ASEAN Business Advisory Council (ABAC) revealed Viet Nam ranked the second most attractive regional investment destination. SBV administrative reform Plan in 2012 The Governor of the State Bank of Vietnam issued Decision No. 582/QD-NHNN on April 4 on the SB...
Friday, April 6, 2012 (09/04)
Friday Friday, April 6, 2012 Government establishes monopoly over the trade of gold bars Prime Minister Nguyen Tan Dung has issued a decree to stipulate the Government�s monopoly in gold bar production and gold material import-export beginning from May 25. Cutting deposit cap to 12 pct -report Vietnam's central bank will reduce the deposit rate cap to 12 percent from 13 pe...
Thursday, April 5, 2012 (06/04)
Thursday Thursday, April 5, 2012 Enterprises in city mired in difficulties HCMC � Difficult access to bank loans, rising inventories, slowing production, and dissolution are all what have painted a general business picture in HCMC, heard a meeting yesterday. City lacks realty information HCMC � The shortage of information and data is a drawback for the crisis-hit real esta...
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