Vietnam Business News

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• HCM City credit growth +28.4%, deposit +25.6%YoY in Jan-Apr
• Vietnam shoudn’t tighten monetary policies further: senior official
• Local banks optimistic to meet profit targets for 2011
• Vietnam CPI forecast to slow down to 1.8-2% in may: price management dpt.
• Vietnam PM chairs investment conference in Cambodia
• ‘Green’ farming key to exports of tra fish
• India helps Vietnam build IT resource centre
• Companies caught sending spam SMS
• BIDV joints venture to set up securities brokerage in Cambodia
• ADB meeting gives Vietnam a progress showcase

HCM City credit growth +28.4%, deposit +25.6%YoY in Jan-Apr Posted: 27 Apr 2011 12:01 AM PDT By late April, total outstanding loans and total deposits of the banking system in Ho Chi Minh city were estimated to rise by 28.4% on year to VND734.4 trillion and 25.6% on year to VND791.3 trillion, respectively By late April, total outstanding loans and total deposits of the banking system in Ho Chi Minh city [...]

Vietnam shoudn’t tighten monetary policies further: senior official Posted: 27 Apr 2011 12:00 AM PDT Vienam shouldn't tighten monetary policies further at this time, Duong Thu Huong, General Secretary of Vietnam Bank Association told the local newswire CafeF. It's not the right time to raise the dong reserve ratio, Huong said, yet suggesting the central bank to adjust the refinance rate and dong deposit interest rate cap amidst rising inflation. [...]

Local banks optimistic to meet profit targets for 2011 Posted: 27 Apr 2011 12:00 AM PDT Local lenders are optimistic that they will fulfill their pretax profit this year based on positive earnings results in the first quarter, the online newspaper Thoi Bao Kinh Te Sai Gon reported. Eximbank posted a pretax profit of VND1.057trilion in Q1/2011, meeting 35% of year-target and up 26% on quarter,said Le Hung Dung, the unlisted [...]

Vietnam CPI forecast to slow down to 1.8-2% in may: price management dpt. Posted: 26 Apr 2011 09:48 PM PDT Vietnam consumer price index(CPI) is forecast to slow down to between 1.8-2% in May from a sharp increase of 3.32% in April Vietnam consumer price index(CPI) is forecast to slow down to between 1.8-2% in May from a sharp increase of 3.32% in April, the online newspaper PhapluatTPHCM reported on April 27, citing the Ministry [...]

Vietnam PM chairs investment conference in Cambodia Posted: 26 Apr 2011 09:46 PM PDT Prime Minister Nguyen Tan Dung and his Cambodian counterpart Samdech Hun Sen co-chaired the second Vietnam-Cambodia Investment Promotion Conference in Phnom Penh on Sunday. "The second Vietnam-Cambodia Investment Promotion Conference is significant and necessary for the current period as the event will serve as a channel for regular information exchange between the two countries and [...]

‘Green’ farming key to exports of tra fish Posted: 26 Apr 2011 09:46 PM PDT The environmental impacts of aquaculture and sustainable production practices have become important factors in purchasing decisions made by export markets, experts have said. Farmers, breeders and processors should be aware of this and apply strict standards in all their operations, Pham Anh Tuan, deputy director of the General Department of Fisheries told a conference in [...]

India helps Vietnam build IT resource centre Posted: 26 Apr 2011 09:44 PM PDT Vietnam-India Advanced Information Technology Resource Centre will be established in Hanoi by August with the support of the Indian government. Being carried out by the Indian Centre for Development of Advanced Computing (C-DAC), the US$2 million-project will offer a wide range of human resource training in the fields of information technology, communications and pedagogy. The [...]

Companies caught sending spam SMS Posted: 26 Apr 2011 09:44 PM PDT A joint investigation have found two companies in Hanoi, EMOBI and VNNET had been sending spams to users' cell phones to advertise their services. According to the investigators from the Ministry of Information and Communications, the Vietnam Computer Emergency Response Team (VNCERT) and the Hanoi police, EMOBI uses Nokia 3110C cellular phones and a software [...]

BIDV joints venture to set up securities brokerage in Cambodia Posted: 26 Apr 2011 08:58 PM PDT Cambodia-Vietnam Securities Co (CVS) was put into official operation in Cambodia's Phnom Penh capital on April 24. CVS, formed on last October 20 after getting the permission of the Securities Exchange Commission of Cambodia, has a charter capital of $10 million with the promoters including Bank for Investment and Development of Vietnam (BIDV), Investment and [...]

ADB meeting gives Vietnam a progress showcase Posted: 26 Apr 2011 08:58 PM PDT The 44th annual meeting of the Asian Development Bank (ADB), to take place in Hanoi from May 3-6, is a unique opportunity for Vietnam to profile its progression to a middle income country to the entire world. It is also a chance for the Southeast Asian country to present its view and showcase its achievements [...]

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