Vietnam Business News

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• Credit limit on non-production: not only figures
• Interest rates unlikely to go down
• Permanent threat of price hike
• How to curb inflation?
• July 20: Vietnam gold turns round to vnd39.35mln/tael
• Brokerages adopt new survival strategies
• Military Bank, PTI win prestigious ASEAN awards
• Singapore firms to boost investment in Da Nang
• Insurance sector gets new rules
• Nghe An reviews slow-moving investment projects

Credit limit on non-production: not only figures Posted: 19 Jul 2011 08:41 PM PDT The time limit for commercial banks to bring down credits for non-production sector to 22% of total outstanding loans was already over. Many banks failed to do this and are facing fines. The time limit for commercial banks to bring down credits for non-production sector to 22% of total outstanding loans was already over. Many [...]

Interest rates unlikely to go down Posted: 19 Jul 2011 08:41 PM PDT The State Bank of Vietnam (SBV) confirmed that it would continue with a tightened monetary policy in a prudent and flexible manner in accordance with Government’s monetary policies. The State Bank of Vietnam (SBV) confirmed that it would continue with a tightened monetary policy in a prudent and flexible manner in accordance with monetary policies [...]

Permanent threat of price hike Posted: 19 Jul 2011 08:40 PM PDT Inflation-controlling policies of the government have been working effect, helping bring down the price of many essential goods. However, uncertainties in the exchange rate policy still makes people feel unsafe, and the fear of price rising is growin Inflation-controlling policies of the government have been working effect, helping bring down the price of many essential [...]

How to curb inflation? Posted: 19 Jul 2011 08:39 PM PDT Hopes of inflation control sprang up since consumer prices tended to ease in June; however, these hopes revolved to concerns as prices showed signs of rising in July. Hopes of inflation control sprang up since consumer prices tended to ease in June; however, these hopes revolved to concerns as prices showed signs of rising in [...]

July 20: Vietnam gold turns round to vnd39.35mln/tael Posted: 19 Jul 2011 08:38 PM PDT Local gold on Wednesday morning turned tail to drop nearly VND400,000 to VND39.35million/tael, after hitting fresh all-time high yesterday as global gold prices slid from a record above $1,600 an ounce ending winning streak for 11 consecutive days. At 9 a.m. Hanoi's time, Phu Quy's SJC gold was quoted at VND39.25 million/tael and VND39.35million/tael for [...]

Brokerages adopt new survival strategies Posted: 19 Jul 2011 08:37 PM PDT Securities companies have been opening increased numbers of local branches and transaction offices despite a declining stock market and a lack of profits. Around 61 out of 105 securities firms have posted accumulated second quarter losses, according to the State Securities Commission. Around 20 firms, including Thang Long Securities, ACB Securities, Sacombank Securities, SME Securities [...]

Military Bank, PTI win prestigious ASEAN awards Posted: 19 Jul 2011 08:37 PM PDT Military Bank (MB) was given the title “ASEAN famous brand name” and Post-Telecommunication JS Insurance Company was awarded “Outstanding ASEAN Enterprises” in Vientiane, Laos last Saturday. The annual “ASEAN famous brand name” award aims to honour innovative entrepreneurs who have produced high-quality products and contributed to economic development in the region. “Outstanding ASEAN Enterprises” is [...]

Singapore firms to boost investment in Da Nang Posted: 19 Jul 2011 08:36 PM PDT Singaporean companies wish to make long-term investments in the coastal city of Da Nang, announced a representative of International Enterprise Singapore, the agency driving this country’s external economy. Reportedly, the Singapore Cruise Centre and the Da Nang Port are taking steps to build a terminal for tourist ships in the Tien Sa Port. The Da [...]

Insurance sector gets new rules Posted: 19 Jul 2011 08:36 PM PDT The Law on Insurance Business was passed by the National Assembly in December 2000 and took effect on April 1, 2001. For the past 10 years, the law has created favourable conditions for the growth and international integration of the Vietnamese insurance industry and established a legal framework to regulate and prevent unfair competition in [...]

Nghe An reviews slow-moving investment projects Posted: 19 Jul 2011 08:35 PM PDT The Nghe An Industrial and Economic Zones Management Board is reviewing the progress of planned projects with a view to revoking licences for those that are moving too slowly. The management board was striving to improve land use efficiency in the province’s industrial and economic zones and boost its investment environment, Phan Xuan Hoa, the [...]

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