Vietnam Business News

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• Vietnam’s CBU car import drops more than 50% in q1/2012
• Vietnam central bank buys $6.23bln in q1/2012: VCSC
• April 20: Vietnam stocks snap losing string in morning session on bargain hunting
• Hanoi to free up land for investors
• Interest rate for 28-day t-bills slides to 7.95% p.a.
• Vietinbank in Forbes global 2000 list of biggest public companies
• Vietnam 2011 credit growth at 14.41%: updated data
• Vietnam forex reserve rises to 9 weeks of import: government
• Vietnam Agribank q1 credit growth at 2.6%
• US increases import of Vietnam’s farm produce

Vietnam’s CBU car import drops more than 50% in q1/2012 Posted: 20 Apr 2012 07:53 AM PDT Vietnam's import of completedly built unit (CBU) cars were estimated at 7,320 units ($137 million) in the first three months of this year, making year-on-year falls of 53.5% in volume and 50.8% in value,the General Department of Vietnam Customs said. Of note, the country's imported CBU cars sharply increased to 2,560 units for $55 million [...]

Vietnam central bank buys $6.23bln in q1/2012: VCSC Posted: 20 Apr 2012 07:52 AM PDT The State Bank of Vietnam (SBV) has spent VND130 trillion to purchase $6.23 billion in the first quarter of this year. The State Bank of Vietnam (SBV) has spent VND130 trillion to purchase $6.23 billion in the first quarter of this year; a move aimed to raise the country's forex reserve and to ease the [...]

April 20: Vietnam stocks snap losing string in morning session on bargain hunting Posted: 20 Apr 2012 07:50 AM PDT Vietnamese stocks closed the morning session in green as bargain hunters came back after recent correction and on expectation that the country CPI continues to ease further in April, liquidity stayed high. The benchmark VN Index added 1.48 points or 0.31% to 468.56. Volume stood at 82.3 million shares worth of VND1.38 trillion. Put-through trading [...]

Hanoi to free up land for investors Posted: 20 Apr 2012 07:49 AM PDT The capital would speed up infrastructure construction in its industrial and processing zones to meet investment demand, the industrial and processing zone management board has revealed. Accordingly, infrastructure will be improved to make more land available to serve investment, especially foreign-direct investment. In addition, land clearance will be accelerated in local zones such as Phung [...]

Interest rate for 28-day t-bills slides to 7.95% p.a. Posted: 20 Apr 2012 07:48 AM PDT Interest rate on 28-day Treasury bills slipped 0.3% to 7.95% per annum on April 19, versus 8.25% one day earlier, the local newswire NDHMoney.vn reported, citing Reuters' data. During the day, the central bank issued VND1 trillion 28-day T-bonds at an interest rate of 7.95% p.a.; VND1 trillion 91-day bills at 10.5% p.a. and VND350 [...]

Vietinbank in Forbes global 2000 list of biggest public companies Posted: 20 Apr 2012 07:48 AM PDT Vietnam Commercial Joint Stock Bank for Industry and Trade (VietinBank) is the only Vietnamese firm that has figured in the Forbes Global 2000 list of biggest public companies based on their rankings for sales, profits, assets and market value. VietinBank ranked 1989th in the list after gaining 1945th position in terms of profitability and 904th [...]

Vietnam 2011 credit growth at 14.41%: updated data Posted: 20 Apr 2012 07:47 AM PDT Total lending of the whole banking sector grew an estimated 14.41% last year from 2010. Total lending of the whole banking sector grew an estimated 14.41% last year from 2010, lower than the revised target of 15-16%, the local newswire NDHMoney.vn reported, citing the government's latest report to the Standing Committee of the National Assembly. [...]

Vietnam forex reserve rises to 9 weeks of import: government Posted: 20 Apr 2012 07:46 AM PDT Vietnam's foreign currency reserves rose to the equivalent 9 weeks of imports from about 7.5 weeks as of mid-2011, the local newswire NDHMoney.vn reported, citing the government's latest report to the Standing Committee of the National Assembly. Earlier, Asian Development Bank (ADB) also estimated that the country had nearly $17 billion in reserves, equivalent to [...]

Vietnam Agribank q1 credit growth at 2.6% Posted: 20 Apr 2012 07:46 AM PDT Vietnam Bank for Agriculture and Rural Development (Agribank) reported that its total outstanding loans reached VND443.478 trillion in the first three months of this year, rising about 2.6% from late last year. Vietnam Bank for Agriculture and Rural Development (Agribank) reported that its total outstanding loans reached VND443.478 trillion in the first three months of [...]

US increases import of Vietnam’s farm produce Posted: 20 Apr 2012 07:28 AM PDT Vietnam's farm exports to the American market are very diverse, according to the Import-Export Department under the Ministry of Industry and Trade (MoIT). However, due to fluctuations in market prices and export volume, there have been remarkable changes in the country's export structure of fruit and vegetables to this market. According to Vietnam's trade office [...]

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