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BriefsMonday, 06/04/2012, 03:56

Friday, June 1, 2012


Friday, June 1, 2012

Austrian firms want strengthened presence in Vietnam
HCMC � A mission of 50 Austrian enterprises on Wednesday joined the Austria-Vietnam business forum organized in HCMC to sound out business opportunities on local market in the occasion of an official visit by Austrian President Heinz Fischer to Vietnam.

Rice export stagnant on slowing China purchase
HCMC � Vietnam�s rice trade, having faced tough competition from India�s low-price commodity, has become stagnant now due to slowing demand from China, which has this year leapfrogged others to become Vietnam�s largest rice buyer.

Fitch places Hoang Anh Gia Lai on rating watch negative
Fitch Ratings has placed Vietnam-based property developer Hoang Anh Gia Lai JSC's (HAGL) 'B' Long-Term Foreign and Local Currency Issuer Default 'B' Ratings on Negative Watch. Its 'B-' senior unsecured rating and the 'B-' rating on its USD90m notes have also been placed on Negative Watch. The Recovery Rating on the notes is unaffected at 'RR5'.

SBV hurries banks to slash interest rates, but banks keep going slowly
While the central bank makes every effort to ease the lending interest rates as soon as possible to rescue the enterprises thirsty for capital, commercial banks still remain unhurried.

Firms confront decline in export values
Viet Nam had a year-on-year increase of 24.1 per cent in export value for the first five months to US$42.9 billion, according to the General Statistics Office.

$20 bln package under consideration to partially boost realty sector
A VND500 trillion ($20.1 billion) package is under consideration to be partially used to revive the local real estate sector, according to a recent conference.


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