Vietnam Business News

---

• Vietnam raises tra fish export prices
• Saigon Co.op Mart offers huge discounts on 15th anniversary
• Two foreign airlines apply for services t Vietnam
• Compulsory reserves for foreign currencies may be raised 1-2pct in May
• Seeking cheap capital sources for businesses
• Vietnam’s credit growth above 5pct in Q1
• Time to reconsider 14pct cap on Dong deposit rates
• Vietnam attends TTP Agreement negotiations in Singapore
• Vietnam’s seafood exports inspected for radiation
• Vinashin gradually stabilizes production and business

Vietnam raises tra fish export prices Posted: 09 Apr 2011 09:34 AM PDT The Vietnam Association of Seafood Exporters and Producers (VASEP) has decided to increase export prices of bred-tra fish (known as pangasius) to the EU and US markets. Accordingly, one kilogram of tra fish will be shipped to the EU at the price of 3.4 USD instead of the previous 3.2 USD level. In the last [...]

Saigon Co.op Mart offers huge discounts on 15th anniversary Posted: 09 Apr 2011 09:34 AM PDT Saigon Co.op Mart announced on April 8 that it would mark its 15th anniversary with a huge discount offer on 1, 500 items in coordination with 350 enterprises. Discount sales on 1,500 items will see prices slashed by 5% – 50% on items like fresh food, processed food, clothing and household goods. Prices of Co.op [...]

Two foreign airlines apply for services t Vietnam Posted: 09 Apr 2011 09:31 AM PDT Skywing Airlines of Cambodia and Saudi Arabian Airlines Cargo have submitted dossiers to the Civil Aviation Administration of Vietnam (CAAV) for opening passenger and freight flights to Vietnam in summer schedule. CAAV confirmed with the Daily about the applications and provided some of the information regarding the two foreign airlines. The authority said Skywing registered [...]

Compulsory reserves for foreign currencies may be raised 1-2pct in May Posted: 09 Apr 2011 09:30 AM PDT The State Bank of Vietnam (SBV) may release a new rule on reducing limit of foreign currencies of banks from 30 percent to 20 percent of their charter capital, and at the same time raise reserve requirement for foreign currencies by this May, the Thoi Bao Kinh Te Sai Gon cited a SBV source. At [...]

Seeking cheap capital sources for businesses Posted: 09 Apr 2011 09:29 AM PDT In a bid to deal with the scarce capital of businesses, many banks have launched preferential programmes for specific customers in each sector and industry, especially for small and medium-sized enterprises (SMEs). Even, many banks accept the “break-even” plan to lower the lending rate aiming to entice more customers. Most recently, Vietnam Maritime Commercial Joint [...]

Vietnam’s credit growth above 5pct in Q1 Posted: 09 Apr 2011 09:29 AM PDT Vietnam’s credit growth was above 5 percent in the first quarter, central bank Governor Nguyen Van Giau said in a statement posted on the government’s website. That was within the bank’s forecast range of 4.5 percent to 5.2 percent, Giau said today, without giving a precise figure. Prime minister Nguyen Tan Dung has lowered the [...]

Time to reconsider 14pct cap on Dong deposit rates Posted: 09 Apr 2011 09:29 AM PDT The government should allow local lenders to raise capital flexibly rather than cap dong deposit interest rates at 14 percent p.a., suggested Cao Sy Kiem, the State Bank of Vietnam’s Governor amidst the race of raising actual deposit interest rates to 16-17 percent p.a. among banks. Amid accelerating inflation, local lenders need to raise deposit [...]

Vietnam attends TTP Agreement negotiations in Singapore Posted: 09 Apr 2011 09:28 AM PDT A Vietnamese delegation led by Deputy Minister of Industry and Trade Tran Quoc Khanh joined the sixth round of negotiations on the Trans-Pacific Strategic Economic Partnership (TPP Agreement) in Singapore from March 27 to April 1. Also taking part in the negotiation were more than 400 negotiators from Australia, Brunei, Chile, Malaysia, Peru, the US [...]

Vietnam’s seafood exports inspected for radiation Posted: 09 Apr 2011 09:27 AM PDT Some European Union nations have asked Vietnamese seafood businesses to inspect the level of radiation in their products before exporting them to this strict market. On April 8, the Binh Thuan Association of Seafood Exporters and Producers said that the EU has been worried about the risk of radiation from Japan, so Vietnamese seafood exports [...]

Vinashin gradually stabilizes production and business Posted: 09 Apr 2011 09:26 AM PDT Some members of the Vietnam Shipbuilding Industry Group Vinashin have recovered from the economic crisis and stabilised their production and business to create more jobs and ensure workers' incomes. On April 9, Vinashin's Party Committee held its second Party Congress for the 2011-2015 term in the presence of politburo member and Deputy Prime Minister Nguyen [...]

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