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BriefsFriday, 06/01/2012, 01:32

Tuesday, May 29, 2012


Tuesday, May 29, 2012

Interest rates down further
HANOI - The State Bank of Vietnam (SBV) decided last Friday to lower the ceiling deposit interest rate to 11% and the cap on lending rates to 14% a year while proportionately cutting its policy rates.

Vietnam gains high farm export sales
HCMC - The nation has this month earned an estimated US$2.3 billion in agro-aqua-forestry products exports, taking the total in the first five months to nearly US$10.9 billion, up by 10.1% year-on-year, the Government said on its website (

Low labor quality hinders investments in Mekong
HCMC - Low quality and poor discipline of human resources in the Mekong Delta are the biggest concerns of foreign investors.

Gold bar trading allowed for six more months
HCMC � Gold traders will be able to trade gold bars for another six months after the newly-issued Circular 16 of the State Bank of Vietnam takes effect from July 10, the Government said on its website (

Fresh FDI approvals continue falling
HCMC � New foreign direct investment (FDI) approvals in the country has totaled US$5.33 billion in the year to date, down 31.8% year-on-year, according to the Ministry of Planning and Investment.

Air Astana to launch HCMC-Kazakhstan service
HCMC � Kazakhstan�s Air Astana has started working with Vietnamese tourism authorities to sound out cooperation opportunities and promote their image in the local market as it is preparing to launch air service between HCMC and Kazakhstan early next year.

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