Vietnam Business News

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• Vietnam forex reserve rises 30% by mid-March/2012
• Lending interest rates can ease to 14.5-16.6% p.a.: SBV governor
• HCM City helps businesses tackle difficulties
• Thai investors to explore opportunities in Ho Chi Minh City
• Bank shares now the “aiming points” of investors
• March 13: Vietnam stocks mixed as profit taking weighs
• Vietnam takes part in tourism expo in Canada
• Commercial banks investing in securities due to lending difficulties
• Vietnam central bank reveals credit growth of negative 1.27% as of Mar 8
• Vietnam treasury to auction vnd4tln government bonds on March 15

Vietnam forex reserve rises 30% by mid-March/2012 Posted: 12 Mar 2012 10:16 PM PDT Vietnam's foreign exchange reserve, as of mid-March/2012, is estimated to have risen by 30% from the end of 2011, after it expanded by 50% in the previous year. Vietnam's foreign exchange reserve, as of mid-March/2012, is estimated to have risen by 30% from the end of 2011, after it expanded by 50% in the previous [...]

Lending interest rates can ease to 14.5-16.6% p.a.: SBV governor Posted: 12 Mar 2012 10:15 PM PDT Lending interest rates can fall to 14.5-16.5% per annum this year on lower deposit rates and easing inflation expectations, Governor of the State Bank of Vietnam (SBV), Nguyen Van Binh, said at a press conference yesterday [March 12]. In the last quarter of 2011, when interest rate ceiling is set at 14% p.a., domestic producers [...]

HCM City helps businesses tackle difficulties Posted: 12 Mar 2012 10:13 PM PDT Leaders of the Ho Chi Minh City People's Committee on March 13 met with department officials and over 300 businesses to iron out snags in their operations. More than 20 speakers proposed measures to help businesses borrow more bank loans for production and real estate development, give priority to the key projects that have completed [...]

Thai investors to explore opportunities in Ho Chi Minh City Posted: 12 Mar 2012 10:10 PM PDT The Board of Investment of Thailand (BOI) is planning to take Thai investors to Vietnam with the objective of expanding investment opportunities in Ho Chi Minh City. Director of the BOI's Foreign Investment Cooperation Office Wassana Mututanon added that the Thai delegation will be meeting with executives from HCM City Chamber of Commerce to discuss [...]

Bank shares now the “aiming points” of investors Posted: 12 Mar 2012 10:09 PM PDT The information that commercial banks still could make fat profits in 2011, despite the big difficulties, has prompted investors to inject their money in bank shares. The latest information about the interest rate reductions in some more days has, once again, urged investors to hunt for bank shares. Of the bank shares listed on the [...]

March 13: Vietnam stocks mixed as profit taking weighs Posted: 12 Mar 2012 09:12 PM PDT Vietnamese stocks ended the morning session mixed as profit taking pressure lingers, STB continued to outperform. The benchmark VN Index lost 0.05 point or 0.01% to 427.97. Volume stood at 49.99 million shares changed hands for VND717 million of which put-through trading contributed 2.85 million shares and VND54.41 billion. Trading pace was slow but buying [...]

Vietnam takes part in tourism expo in Canada Posted: 12 Mar 2012 08:53 PM PDT The Vietnamese embassy in Canada and the Hanoi-based Ky Nguyen Tourism and Trading Company are participating in the 18 th Canada Tourism Expo, which opened in the Ottawa Conference Centre on March 10. The two-day event saw the participation of around 200 travel agencies from nearly 60 countries and territories across the world and thousands [...]

Commercial banks investing in securities due to lending difficulties Posted: 12 Mar 2012 08:53 PM PDT Stagnant money in the banking industry due to lending difficulties has provoked commercial banks to invest in securities making successful issuance of securities since early year. Truong Van Phuoc, general director of Eximbank revealed its negligible mobilisation growth over the past two months. Likewise, “Capital mobilisation for January inched up a little”, admitted Tran Phuong [...]

Vietnam central bank reveals credit growth of negative 1.27% as of Mar 8 Posted: 12 Mar 2012 08:14 PM PDT Total lending by local credit institutions as of March 8 has eased 1.27% from the beginning of the year, Governor of the State Bank of Vietnam (SBV), Nguyen Van Binh, said at a press conference yesterday {March 12], citing the central bank's data. However, statistics reported by domestic banks showed a more negative credit growth [...]

Vietnam treasury to auction vnd4tln government bonds on March 15 Posted: 12 Mar 2012 08:13 PM PDT The State Treasury of Vietnam will open an auction for VND4 trillion worth of government bonds for 2-year (VND1 trillion), 3-year (VND2 trillion), and 5-year (VND1 trillion) tenors at the Hanoi Stock Exchange (HNX) on March 15. These bonds will be issued on March 19, 2012 under the book entry form and mature on Mar [...]

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