Vietnam Business News

---

• Banks promote international card issuance
• Vacancy rate of grade A office space in HCM City touches 40 pct
• More than 40tr dong of G-bonds to come due in 2011
• First Forestry Festival to open
• Vietnam March coffee exports up 22%, above forecast
• Vietnam’s two-year bonds drop this week as inflation quickens
• SBV sorts out legitimate foreign currency borrowers
• Vietnam’s Q1 GDP growth at 5.43pct
• Reinsurer targets 295b dong profit in 2011
• MIC establishes new subsidiary

Banks promote international card issuance Posted: 25 Mar 2011 09:03 AM PDT Banks, in their commitments to sell foreign currency, skilfully advise clients to use international card for payment when travelling abroad. After Dong A Bank, Eximbank has also begun to sell foreign currency to clients without additional charge. Individuals have to prove their legal status and purpose by papers. However, representative of this bank also advised [...]

Vacancy rate of grade A office space in HCM City touches 40 pct Posted: 25 Mar 2011 09:03 AM PDT Leasing price of grade A office space in HCM City has fallen by nearly five percent and vacancy rate has risen to an alarming level from the beginning of the year, despite there have been no new supply. Preliminary market survey shows that to mid of March 2011, leasing price at some office buildings have [...]

More than 40tr dong of G-bonds to come due in 2011 Posted: 25 Mar 2011 09:01 AM PDT The data from CafeF showed that in 2011, there will be about 403.81 million G-bonds to be matured (at the face value of 100,000 dong per bond). Of which, nearly 70 percent of them were issued by the State Treasury and the remaining was issued by the Vietnam Development Bank (VDB). These bonds mainly have [...]

First Forestry Festival to open Posted: 25 Mar 2011 07:02 AM PDT Vietnam's first timber and forest products festival will take place in Quy Nhon City, Binh Dinh province on March 26-28. The event is organised by the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade in coordination with the Vietnam Timber and Forest Product Association and the Binh Dinh provincial People's Committee. [...]

Vietnam March coffee exports up 22%, above forecast Posted: 25 Mar 2011 07:02 AM PDT Vietnam’s March coffee exports rose an estimated 22% from the same month last year to 150,000 tons, or 2.5 million bags, exceeding market expectations and offering relief over delivery shortages. Coffee shipments in February were revised up to 144,000 tons, or 2.4 million 60-kg bags, up 87% from the same month in 2010, the General [...]

Vietnam’s two-year bonds drop this week as inflation quickens Posted: 25 Mar 2011 07:01 AM PDT Vietnamese two-year government bonds slid for a fifth straight week as inflation quickened to a 25-month high in March. The dong gained today. Prices rose 13.89% from a year earlier, the most since February 2009, the General Statistics Office said yesterday. The yield on two-year bonds rose eight basis points, or 0.08%age point, to 11.50% [...]

SBV sorts out legitimate foreign currency borrowers Posted: 25 Mar 2011 07:00 AM PDT The State Bank of Vietnam (SBV) on March 25 issued Circular 7 to sort out foreign currency borrowers in terms of borrowing needs, effective from May 6, the local newswire Dvt.vn reported. Accordingly, local lenders could lend out foreign currencies for two major needs: importing and exporting goods and services, as long as they have [...]

Vietnam’s Q1 GDP growth at 5.43pct Posted: 25 Mar 2011 02:34 AM PDT As reported by the general Statistic Office (GSO), Vietnam’s gross domestic product (GDP) growth in Q1 this year increased 5.83 percent, lower than Q1 2010 but higher than 3.1 percent in Q1 2009. According to GSO, the country’s GDP in Q1 2011 reached 109.313 trillion dong (basing on the comparison price of 1994), increasing 5.43 [...]

Reinsurer targets 295b dong profit in 2011 Posted: 25 Mar 2011 02:30 AM PDT Vietnam National Reinsurance Corp (Vinare-VNR) has recently announced this year business targets and plan of issuing more shares to hike chartered capital. In details, this year, the insurer targets to gain 450 billion dong premium, profit from other business and investment operations at 260 billion dong, pre tax profit at 295 billion dong, rising 27 [...]

MIC establishes new subsidiary Posted: 25 Mar 2011 02:29 AM PDT The Military Insurance Joint Stock Co (MIC) has recently established the new company of MIC Investment JSC. The company has been issued the business registration licence by Hanoi Department of Planning and Investment. The insurance firm holds 99 percent of capital in the new companies, becoming the largest shareholder in MIC Invest. The company mainly [...]

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