Monday, October 3, 2011

Vietnam Business News

Vietnam Business News

Banks stay calm about credit tightening

Posted: 03 Oct 2011 12:39 AM PDT

Several banks have played down the significance of the government's recent resolution to reduce credit growth and money supply, saying the move would not affect their operations. In September, the government required the total money supply and credit growth to be kept at 12 percent and 15 percent – 17 percent respectively, which means a [...]


Vietnam gold price increases 150,000 to 44.4m dong/tael Oct 3

Posted: 03 Oct 2011 12:35 AM PDT

The gap between local and global gold price is still over three million dong per tael. At 8:45 am local time, the domestic gold price increased 100,000-150,000 dong/tael from last weekend to trade around 44.4 million dong per tael. The SJC gold price is being traded at 44.2-44.42 million dong/tael, up 150,000 dong/tael from last [...]


Vietnam urged to step up export of aqua-products, coffee to Germany

Posted: 03 Oct 2011 12:22 AM PDT

Vietnam's export sector holds great potential of meeting high German demand for quality aqua-products and coffee, said the State Secretary at Germany's Federal Ministry of Food, Agriculture and Consumer Protection. Robert Kloos told reporters at the Food and Hotel Vietnam 2011 in HCM City on Wednesday that German consumers wanted aqua-products from different markets, including [...]


Vietnam takes part in coffee conference in London

Posted: 03 Oct 2011 12:16 AM PDT

Vietnam joined representatives from 80 other coffee importers and exporters worldwide at the 107 th session of the International Coffee Organisation (ICO) in London from Sept. 26-30. During the session, the delegates discussed the apparatus of the ICO in the new tenure, assessed the situation in the world market and made forecasts on world coffee [...]


Vietnamese still doubt market economy

Posted: 03 Oct 2011 12:08 AM PDT

Vietnam's transition to a market economy will be tougher than expected as even well-educated people still want to rely on state protection for economic security, a survey reveals. According to the survey just released by the World Bank and the Vietnam Chamber of Commerce and Industry, the common attitudes of the majority of highly-educated Vietnamese [...]


What Benefits from VN-30 Index?

Posted: 02 Oct 2011 11:47 PM PDT

The Hochiminh Stock Exchange (HOSE) recently hosted a seminar to introduce the VN-30 Index to market members. Will this index resolve shortcomings of the current VN-Index? Mr Hoang Thach Lan, Brokerage Manager at MHB Securities Corporation (MHBS), said: From the angle of an individual investor, when HOSE gave reasons for the formation of the VN-30 [...]


Trading turnover in dong exceeds 100tr dong in week between Sept. 17 and 23

Posted: 02 Oct 2011 11:30 PM PDT

In the week between September 17 and 23, the highest interbank average interest rate was at 13.68% per annum (p.a.) for 1-month term, Vietbiz24.com cited the State Bank of Vietnam (SBV)'s report on banking operations in week from September 17 to 23. Accordingly, the interbank average interest rate in dong as of September 21 tended [...]


Home Loan Window Now Opens?

Posted: 02 Oct 2011 11:24 PM PDT

The procedure of consumption loans such as house and car purchase has been eased and banks are listening to customers to provide them best options, the local online newspaper Dau Tu Chung Khoan (Securities investment) reported. Several banks have resumed property loans with lower interest rate of 21-24%, down from previous 26-27% per annum with [...]


Week Ending Oct. 1: Finance and Banking Review

Posted: 02 Oct 2011 10:53 PM PDT

The State Bank of Vietnam, the country's central bank, capped mobilizing interest rates for non-term and less than 1 month deposits at 6% p.a. The Central Bank's policies · On funds mobilization The SBV issued Circular No. 30/2011/TT-NHNN on Sept. 28, placing a cap of 6% on dong denominated interest rates for non-term deposits and [...]


Home loan window now opens?

Posted: 02 Oct 2011 09:35 PM PDT

The procedure of consumption loans such as house and car purchase has been eased and banks are listening to customers to provide them best options, the local online newspaper Dau Tu Chung Khoan (Securities investment) reported. Several banks have resumed property loans with lower interest rate of 21-24%, down from previous 26-27% per annum with [...]


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