Vietnam Business News

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• Vietnam’s pepper exports forecast to earn US$780 million
• Who are the biggest debtors?
• Officials affirm nuclear plant’s safety
• Vietnam and Russia sign tra fish deal
• Retail market shows great potential
• Banks resume real-estate lending
• Positive signs for farm product exports
• Vinacomin owed VND2 trillion in debts
• Vietnam prepares the way for 100% foreign owned securities companies
• Viettel and Military Command promote coordination

Vietnam’s pepper exports forecast to earn US$780 million Posted: 05 Aug 2012 10:26 AM PDT If the price of pepper remains as high as in July at more than US$7,000 per ton, Vietnam's pepper exports in 2012 can reach 110,000 or 115,000 tonnes, to earn US$770-780 million in revenue, according to the Vietnam Pepper Association (VPA). Pepper exports look promising Vietnam tops the list of pepper exporters In case things [...]

Who are the biggest debtors? Posted: 05 Aug 2012 10:10 AM PDT The names of the biggest debtors have not been revealed. However, an official of the National Finance Supervision Council has affirmed that most of the bad debts are being incurred by two subjects – state owned enterprises and private "big guys." In a report released recently by the State Bank's Inspection Agency, the bad debt [...]

Officials affirm nuclear plant’s safety Posted: 05 Aug 2012 10:07 AM PDT Vietnam will rely on the latest technological advances to ensure that its first nuclear power plant meets the highest possible safety standards, said Deputy Minister of Science and Technology Le Dinh Tien. Nuclear safety council convenes first session Tien made the affirmation at a conference in Hanoi to improve communications about nuclear power on August [...]

Vietnam and Russia sign tra fish deal Posted: 05 Aug 2012 10:04 AM PDT Vietnam has signed a contract to ship 30,000 tonnes of tra fish to Russia, the Management Board for Catfish Export to Russia said. The delivery will be made through this year. The board also signed an agreement for cooperation with the Russia Seafood Association in seafood processing, and to export around US$300 million worth of [...]

Retail market shows great potential Posted: 05 Aug 2012 10:04 AM PDT The retail market is expected to pick up despite a recent fall in purchasing power. Retailers are making great efforts to expand their distribution networks, develop trademarks and build consumer trust. The Ho Chi Minh City Statistical Office says in the first half of this year, retail sales of goods and services fetched less than [...]

Banks resume real-estate lending Posted: 05 Aug 2012 10:00 AM PDT Many commercial banks have begun to loosen credit policy for real estate projects, which is expected to heat up the domestic property market but, at the same time, create risks. In the face of low credit-growth rates over the last few months, many commercial banks have launched preferential loans at attractive interest rates and with [...]

Positive signs for farm product exports Posted: 05 Aug 2012 09:57 AM PDT The country obtained US$15.9 billion from the exportation of agro-fishery-forestry products from January-July, up 12.4% year-on-year, thanks to the large contribution of an estimated US$8.9 billion from agro items, according to the latest figures by the Ministry of Agriculture and Rural Development

Vinacomin owed VND2 trillion in debts Posted: 05 Aug 2012 09:56 AM PDT Companies which mainly buy coal from Vietnam National Coal and Mineral Industries Group (Vinacomin) still owe it a total VND2 trillion (USD95.23 million). Among those, the Electricity of Vietnam (EVN) accounted for half of the total debt. Vinacomin said this has worsened its current financial difficulties, adding that the group would not continue sell coal [...]

Vietnam prepares the way for 100% foreign owned securities companies Posted: 05 Aug 2012 09:53 AM PDT A circular stipulating the procedures and conditions for establishing 100 percent foreign owned securities companies is expected to come out after September 15. A high ranking official of the State Securities Commission (SSC) has said that the legal document would be ready after September 15, when the Decree No. 58 guiding the implementation of the [...]

Viettel and Military Command promote coordination Posted: 05 Aug 2012 09:52 AM PDT The branch of Military Electronics Telecommunication Corp (Viettel) in Ho Chi Minh and the Military Command of Ho Chi Minh City, on August 3rd, signed a coordination agreement in the period of 2012-2015. According to the agreement, the Command will help provide knowledge of defense and security for staff of Viettel and build up the [...]

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