Vietnam Business News

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• Deposit rate cut faces difficulties
• Hanoi makes good use of Japan ODA
• Impacts of Dollar prices, interest rates on local firms
• Circular amended, banks may ease interest rates
• Three factors to watch & three risks to Vietnam stock market
• Government official on reconsidering seaside investment projects
• Why does the black market still exist?
• Speculative tendencies affecting gold prices
• EVN Telecom poised to sell stakes to foreign partners
• Footwear producers overloaded with too may orders

Deposit rate cut faces difficulties Posted: 01 Oct 2010 09:04 AM PDT Credit is expected to increase in the fourth quarter of 2010, since the capital demand of firms goes up by business cycle at the end of the year. At the same time, the State Bank of Vietnam (SBV) said it is stepping up efforts to inject capital to commercial banks through open market operations (OMO) [...]

Hanoi makes good use of Japan ODA Posted: 01 Oct 2010 09:04 AM PDT Hanoi has made very good use of Japan's official development assistance (ODA) in its socio-economic development, said Tsuno Motonori, chief representative of the Japan International Cooperation Agency (JICA) office in Vietnam. Mr. Motonori made the statement while visiting some projects funded by Japan's ODA in the capital on September 30. He said since Japan resumed providing [...]

Impacts of Dollar prices, interest rates on local firms Posted: 01 Oct 2010 09:03 AM PDT Lending interest rates and dollar exchange rates are still unaffordable to the local enterprises, which is the weakest point in governing the monetary policies. Lending interest rates and dollar exchange rates are still unaffordable to the local enterprises, which is the weakest point in governing the monetary policies, Cao Sy Kiem, Former Governor of the State [...]

Circular amended, banks may ease interest rates Posted: 01 Oct 2010 09:03 AM PDT It is expected that, starting mid-October, commercial banks will resume the process of easing dong interest rates, which they intended to do three months ago. Tuoi tre newspaper has quoted sources from the Vietnam Banking Association (VNBA) as saying that, at last week's meeting, banks agreed on easing deposit interest rates. Circular 13 on capital adequacy [...]

Three factors to watch & three risks to Vietnam stock market Posted: 01 Oct 2010 09:03 AM PDT Vo Tri Thanh, deputy head of the Central Institute for Economic Management, has pointed out three factors to watch and three risks to Vietnam stock market Vo Tri Thanh, deputy head of the Central Institute for Economic Management, has pointed out three factors to watch and three risks to Vietnam stock market as he presented at [...]

Government official on reconsidering seaside investment projects Posted: 01 Oct 2010 09:03 AM PDT Nguyen Van Tuan, General Director of the Vietnam National Administration of Tourism (VNAT) has admitted that the seaside has been cut into small bits and seaside investment projects should be reexamined. After development experts and newspapers rang alarm bells over the "disappearance" of beautiful beaches to massive construction of resorts and hotels, Government officials have realized [...]

Why does the black market still exist? Posted: 01 Oct 2010 09:03 AM PDT In Vietnam, people go to foreign currency exchange shops instead of going to banks when they want to purchase or sell foreign currencies. The foreign currency black market still exists despite bans by the State Bank of Vietnam (SBV). People go to exchange shops instead of banks because all their demands can be easily satisfied. They [...]

Speculative tendencies affecting gold prices Posted: 01 Oct 2010 09:03 AM PDT The lack of trust in the global financial situation could be one of the reasons leading global gold price to go up and down in the last three days. Not rejecting this reason, speculation could be another reason. Setting a new record, the global gold price for immediate delivery in the afternoon of September 29 suddenly [...]

EVN Telecom poised to sell stakes to foreign partners Posted: 01 Oct 2010 09:02 AM PDT EVN Telecom hopes that its equitization process will be wrapped up this year. The telecommunication service provider plans to keep intact the state's capital contribution and sell stakes to strategic investors, shareholders and its staff. EVN Telecom plans to sell 30 percent of stakes at maximum level to outside shareholders, and plans to sell at least [...]

Footwear producers overloaded with too may orders Posted: 01 Oct 2010 09:02 AM PDT Since the labour cost in China, the biggest footwear producer and exporter in the world, has been increasing, foreign importers now tend to place orders with Vietnamese producers. According to the Vietnam Leather and Footwear Association (Lefaso), more and more foreign importers have come to place orders with Vietnamese producers since the beginning of the year. Lefaso's [...]

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