Vietnam Business News

---

• Vietnam banks’ profits decreased in Jan-Jun, 2010
• VN, Canada eye 2 billion USD in bilateral trade
• Energy Conservation EXPO to open in HCM City
• Vietnam cooking gas prices increases by VND4,000
• Rubber exports increase strongly
• Hanoi announces software park urban area project
• Interbank trading sales obtains over 105tr dong
• Vietnam central bank warns banks on interest rates
• Vietcombank issues over 112.28m shares
• Businesses concerned over high lending rates

Vietnam banks’ profits decreased in Jan-Jun, 2010 Posted: 18 Aug 2010 11:39 PM PDT Local banks' consolidated profits are much lower than tentative figures, the online newspaper NDHMoney reported August 18. Local banks' consolidated profits are much lower than tentative figures, the online newspaper NDHMoney reported August 18. Eximbank saw its audited net consolidated profit in the first half fall 13.4% or VND110 billion to VND712.741 from earlier preliminary number of [...]

VN, Canada eye 2 billion USD in bilateral trade Posted: 18 Aug 2010 11:37 PM PDT Two-way trade between Vietnam and Canada is expected to exceed 2 billion USD and Canada will become one of the leading investors in the Southeast Asian country in years to come Two-way trade between Vietnam and Canada is expected to exceed 2 billion USD and Canada will become one of the leading investors in the Southeast [...]

Energy Conservation EXPO to open in HCM City Posted: 18 Aug 2010 11:36 PM PDT The energy conservation exposition 2010 (ENCON EXPO 2010) featuring energy-efficient products and renewable energy will take place in Ho Chi Minh City from November 25-28. The energy conservation exposition 2010 (ENCON EXPO 2010) featuring energy-efficient products and renewable energy will take place in Ho Chi Minh City from November 25-28. The event, which will house 300-400 pavilions [...]

Vietnam cooking gas prices increases by VND4,000 Posted: 18 Aug 2010 11:35 PM PDT The retail prices of cooking gas have increased by VND4,000 per 12 kilo gas canister The retail prices of cooking gas have increased by VND4,000 per 12 kilo gas canister due to adjustment of the interbank exchange rate from the VND18,544 to VND18,932 to the dollar on August 18. The country's gas firms such as SaiGon Petro [...]

Rubber exports increase strongly Posted: 18 Aug 2010 11:31 PM PDT Vietnam rubber exports have shown positive signs as the volume and turnover have risen respectively by 2.3 and 92.4 percent compared the same period of 2009. Till the first week of August 2010, natural rubber price has gone up compared to July 2010, since Chinese importers have again started to look for source of supply, after [...]

Hanoi announces software park urban area project Posted: 18 Aug 2010 11:28 PM PDT Hanoi Department of Architecture Planning officially introduced to public the detailed plan of Hanoi Software Part urban area of 1/500 and handed over to Long Bien Dist People’s Committee and the project investor. Hanoi Electronic Corp (Hanel) is the main investor for this 413 hectare project to be sited in wards of Phuc Loi, Phuc Dong, [...]

Interbank trading sales obtains over 105tr dong Posted: 18 Aug 2010 11:17 PM PDT The State Bank announced last week’s trading sales of interbank market of 105.118 trillion dong and $1.749 million (21.024 trillion dong and 350 million dollar per day) on August 18, rising 9.32 trillion dong and 216 million dollar against the last week. Overnight trading sales reached 40.696 trillion dong, accounting for 39 percent total, dollar 942 [...]

Vietnam central bank warns banks on interest rates Posted: 18 Aug 2010 11:16 PM PDT The State Bank of Vietnam has warned some joint stock banks that are applying higher interest rate than the rates fixed as per Vietnam Bankers’ Association (VNBA) agreement. Specifically, Mekong Housing Development Bank (MHB), Hanoi Building Development Joint Stock Bank (Habubank), Maritime Joint Stock Bank is currently offering deposit interest rates from 11.25 to 11.3 percent [...]

Vietcombank issues over 112.28m shares Posted: 18 Aug 2010 11:16 PM PDT Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank-coded VCB) has successfully issued 112.285426 million shares to public and obtained 1.12285 trillion dong in value, raising it chartered capital to 13.22371452 trillion dong. Accordingly, the company sold 112.093192 shares in the period of June 21 to August 10, the rest are sold to the bank’s [...]

Businesses concerned over high lending rates Posted: 18 Aug 2010 11:15 PM PDT Businesses have expressed concern that lending rates have not been much lowered at a time when the peak time for capital is approaching. The attractive interest rates, such as 12 to 13.5 percent per annum for short-term loans, and 13 to 14.5 percent per annum for medium-term loans have only been applied for agricultural and export [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610