Vietnam Business News

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• Vietnam central bank publicizes its action plan in 2012
• Real estate bad debts well under control: sbv deputy governor
• Vietnam PM asks central bank to prepare measures to support the stock market
• International cards now allowed at SCB’s ATMs
• Vietnam’s February CPI forecast at 1.5%: NDH Money
• Interbank trading Dong: vnd162.439tln, dollar: vnd80.433tln in week ending feb 3
• Feb 15: Vietnam central bank keeps dollar exchange at vnd20,828
• Vietnam January credit growth -0.79%, deposit -3.29% from end-2011
• Feb 15: Vietnam gold hovers at vnd44.82mln/tael
• PM: speed up high-tech park construction

Vietnam central bank publicizes its action plan in 2012 Posted: 14 Feb 2012 09:31 PM PST The State Bank of Vietnam (SBV) on February 13 issued Directive No. 01, in which it announced its action plan in 2012 through various legal documents to be issued during the year. Of note, the central bank will complete a Circular on special control towards credit institutions within this month [February]. In March, the SBV [...]

Real estate bad debts well under control: sbv deputy governor Posted: 14 Feb 2012 09:31 PM PST As much as 3.52% of property loans were bad debts as at the end of last year, yet real estate bad debts are still under control. As much as 3.52% of property loans were bad debts as at the end of last year, yet real estate bad debts are still under control, the local online [...]

Vietnam PM asks central bank to prepare measures to support the stock market Posted: 14 Feb 2012 09:31 PM PST Vietnam Prime Minister has recently directed the State Bank of Vietnam (SBV) to have measures to support the stock market, the local online newspaper Dau Tu Chung Khoan reported, citing its private source from the Ministry of Finance (MOF). The central bank has just requested the State Securities Commission of Vietnam (SSC) to send it [...]

International cards now allowed at SCB’s ATMs Posted: 14 Feb 2012 09:30 PM PST Holders of six popular international cards namely VISA, MasterCard, American Express, JCB, Diner Club and CUP can now withdraw cash from the ATM system of Saigon Commercial Bank (SCB). This programme is carried out by SCB in coordination with Vietcombank and Smartlink Card Services Co. to create conveniences for holders of international cards via ATMs, [...]

Vietnam’s February CPI forecast at 1.5%: NDH Money Posted: 14 Feb 2012 09:30 PM PST Vietnam's February 2012 consumer price index (CPI) is forecast to accelerate +1.5% from January 2012, analysts with the local news provider NDH Money reported. The forecast is based on Leontief and ARIMA models. According to the NDH Money, this month CPI is forecast to be such high for the following reasons: 1. The main reason [...]

Interbank trading Dong: vnd162.439tln, dollar: vnd80.433tln in week ending feb 3 Posted: 14 Feb 2012 09:23 PM PST The total interbank trading value of the dong was estimated at VND162.439 trillion in the week ending Feb 3, hitting 11-week low while that of the dollar arrived at VND80.433 trillion, said the State Bank of Vietnam (SBV) on its website on Feb 14. Transactions in the interbank market were mostly for short terms. Specifically, [...]

Feb 15: Vietnam central bank keeps dollar exchange at vnd20,828 Posted: 14 Feb 2012 09:22 PM PST Vietnam’s central bank set the U.S dollar exchange rate at VND20.828 on Wednesday, unchanged since Dec 26, 2011. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,036. Most of commercial banks continued lowering the [...]

Vietnam January credit growth -0.79%, deposit -3.29% from end-2011 Posted: 14 Feb 2012 09:21 PM PST Total outstanding loans of the whole banking system as of January 17, 2012 were estimated to decline by 0.79% from end-2011 while total deposits fell by 3.29%, the State Bank of Vietnam (SBV) said on its January banking report on Feb 14, 2012. Dong and dollar deposits in December, 2011 were reported to drop by [...]

Feb 15: Vietnam gold hovers at vnd44.82mln/tael Posted: 14 Feb 2012 09:21 PM PST Vietnam gold prices hovered at VND44.82 million a tael on Wednesday morning. The world gold edged fell in New York last Friday night but Steady in Asia this morning. SJC Hanoi quoted at VND44.60 million/tael for bid and VND44.82 million/tael for ask, respectively as of 9:52 am, Hanoi time. SJC Ho chi minh was quoted [...]

PM: speed up high-tech park construction Posted: 14 Feb 2012 09:12 PM PST Prime Minister Nguyen Tan Dung has called for faster construction of the Hoa Lac high-tech park during his working session with its management board on Hanoi 's outlying district of Thach That, on February 13. PM Dung stressed the correct policy of the Party and the State in establishing the park to facilitate development in [...]

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