Vietnam Business News

---

• How to deal with state owned banks’ bad debts?
• Real estate debts at alarming rate
• June 29: Vietnam central bank sets dollar unchanged at vnd20,828; banks rate stable
• June 29: Vietnam stocks rise , paring the month and quarter losses
• EVN falls short of VND180 trillion electricity investments
• Vietnam’s coffee crop to be at least 25 million bags in 2011-12
• SOE restructuring brings m&a opportunities
• FDI registered capital down, disbursed capital satisfactory
• Shrimp exporters likely to lose grip on Japanese market
• Southern property market thaws

How to deal with state owned banks’ bad debts? Posted: 29 Jun 2012 09:20 AM PDT Big state owned commercial banks, with powerful financial capability and their big scale, are believed to get involved in the enterprises' debt restructuring process. However, the banks themselves would meet big difficulties in dealing with their bad debts if there is no reasonable mechanism for the process. Nguyen Van Binh, when answering the inquiries at [...]

Real estate debts at alarming rate Posted: 29 Jun 2012 09:17 AM PDT Total outstanding loans to the real estate sector were estimated at around VND348,000 billion, nearly doubling the reported figure by banks. According to the 2011 report by the National Financial Supervisory Committee, the real estate sector's bad debts reached VND56,770 billion, up 8.4 times. Ho Chi Minh City led the nation with a real estate [...]

June 29: Vietnam central bank sets dollar unchanged at vnd20,828; banks rate stable Posted: 29 Jun 2012 09:17 AM PDT The State Bank of Vietnam, the country's central bank, Wednesday set the exchange rate for the U.S. dollar at VND20,828, unchanged for 6 months while commercial banks adjusted the rate in between VND5-10. Banks are allowed to trade dollar at +/-1% from central bank quote and the ceiling price for dollar is currently at VND21,036. [...]

June 29: Vietnam stocks rise , paring the month and quarter losses Posted: 29 Jun 2012 09:14 AM PDT Vietnamese stocks ended the last trading session in the second quarter in the green but could only pare the loss in the month and quarter. The benchmark VN Index added 4.21 points or 1.01% to 422.37. Volume rose by 29.9% to 55.8 million shares worth of VND1.07 trillion. Put through trading contributed 26.9 million shares [...]

EVN falls short of VND180 trillion electricity investments Posted: 29 Jun 2012 09:13 AM PDT Electricity of Vietnam still falls short of VND180 trillion to invest in electricity projects in 2011-2015, said Duong Quang Thanh, deputy CEO of EVN at the online meeting on electricity plan WII deployment held today June 28. The capital needed to arrange is for key projects providing electricity for the south such as My Tan [...]

Vietnam’s coffee crop to be at least 25 million bags in 2011-12 Posted: 29 Jun 2012 09:11 AM PDT Vietnam, the world's largest grower of robusta coffee, may produce at least 25 million bags in the 2011-12 season starting in Oct. and may have another good crop next season because of beneficial weather, according to independent analyst Neil Rosser The 2011-12 estimate is higher than the U.S. Department of Agriculture's forecast of 21 million [...]

SOE restructuring brings m&a opportunities Posted: 29 Jun 2012 09:07 AM PDT Many experts have considered restructuring and equitization of State-owned enterprises (SOEs) as a big opportunity for the M&A (mergers & acquisitions) activity in the coming time. The Ministry of Finance has recently announced a plan to restructure 899 SOEs in the 2011-2015 period. In which, 367 enterprises will go public and 532 others will be [...]

FDI registered capital down, disbursed capital satisfactory Posted: 29 Jun 2012 09:05 AM PDT There is one piece of bad news and one piece of good news. The former one is the decrease in the newly registered foreign direct investment (FDI) capital, while the latter is the active sign in the capital disbursement. The report by the Ministry of Planning and Investment MPI about the FDI projects and disbursement [...]

Shrimp exporters likely to lose grip on Japanese market Posted: 29 Jun 2012 09:04 AM PDT Vietnamese shrimp exporters will likely lose their grip on the Japanese market due to strict requirements on chemical and antibiotic residues. On May 18, 2012 the Japanese Ministry of Health, Labor and Welfare decided to check 30 percent of all imported Vietnamese shrimp shipments after detecting one shipment containing ethoxyquin residues. The normal inspection rate is [...]

Southern property market thaws Posted: 29 Jun 2012 09:03 AM PDT Apartment projects in Ho Chi Minh City are back in business with a series of projects coming onto the market thanks to banks' easing credit. "Falling deposit interests and still high dwelling demands are potential signals for Ho Chi Minh City's realty market," said Hung Thinh Land deputy general director Nguyen Duy Minh. On June [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610