Vietnam Business News

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• Vietbuild 2012 features few property projects
• Vietnam September CPI likely rise 1.5%: Pro
• Vietnam export turnover for processing industry products surges over 25%
• Foreign banks seek to raise market share in Vietnam
• Vietnam credit growth rises 1.82% year to Sep 7
• Banks set new peak for long-term deposit rates
• Vietnam’s bond market well in Vietnam
• Vietnam seeks stronger auditing cooperation with France
• Garment exports reach 10.8 billion USD
• Dollar at four-month low against euro in Asia

Vietbuild 2012 features few property projects Posted: 17 Sep 2012 08:52 AM PDT The second chapter of the International Exhibition of Construction, Building Materials, Housing and Interior Decor 2012 (Vietbuild 2012) kicked off in HCMC on Thursday, but unlike previous editions, there are few realty projects. Under the theme "Property, Interior Decor and Building Materials," the exhibition has attracted about 2,200 booths of some 800 foreign and local [...]

Vietnam September CPI likely rise 1.5%: Pro Posted: 17 Sep 2012 08:51 AM PDT Vietnam's September consumer price index (CPI) is likely to soar 1.5 % on moth or 2-3 times higher than August Vietnam's September consumer price index (CPI) is likely to soar 1.5 % on moth or 2-3 times higher than August, marking the highest on-month rise in over one year driven by higher cost of health [...]

Vietnam export turnover for processing industry products surges over 25% Posted: 17 Sep 2012 08:50 AM PDT Export turnover of processing industry products in August was estimated at $6.5 billion, rising 0.3 percent from July and 13.3 percent over the same period last year As reported by the Ministry of Industry and Trade (MoIT), the export turnover of processing industry products in August was estimated at $6.5 billion, rising 0.3 percent from [...]

Foreign banks seek to raise market share in Vietnam Posted: 17 Sep 2012 08:49 AM PDT Foreign owned banks in Vietnam are seeking to expand their market share focusing on individual customers and getting closer to local businesses. Foreign banks' efforts are seen in their marketing and attractive policies for both credit and deposit activities to lure customers. These lenders are offering credit products especially home loans and consumer loans with [...]

Vietnam credit growth rises 1.82% year to Sep 7 Posted: 17 Sep 2012 08:48 AM PDT Vietnam's credit growth rose 1.82% in the year to September 7, the local newspaper Thoi Bao Kinh Te Sai Gon (the Saigon Times) reported citing the data from the State Bank of Vietnam (SBV). Some big banks saw negative or very low credit growth, for example, Vietnam Export Import Commercial Joint Stock Bank (Eximbank-EIB)”s credit [...]

Banks set new peak for long-term deposit rates Posted: 17 Sep 2012 08:40 AM PDT Some banks have increased the deposit interest rates for savings of a term above 12 months to 13 per cent a year from the 12 per cent peak they offered last June. Banks have joined in the race to offer high interest rates for deposits of 12-month term and above as of June 8, when [...]

Vietnam’s bond market well in Vietnam Posted: 17 Sep 2012 08:39 AM PDT Vietnam has the fastest growing bond market in the second quarter of 2012, according to an Asian Development Bank (ADB) report. The quarterly Asia Bond Monitor assesses the bond markets in China , Hong Kong , Indonesia , the Republic of Korea , Malaysia , the Philippines , Singapore , Thailand and Vietnam . The [...]

Vietnam seeks stronger auditing cooperation with France Posted: 17 Sep 2012 08:38 AM PDT Vietnam wants to learn from France's experience in audit planning and management, as well as in financial report appraisal, said Deputy State Auditor General Le Minh Khai. Khai made the proposal at a working session with Senator Alain Hespel, president of the French Court of Audit's second chamber in charge of defence and energy industry [...]

Garment exports reach 10.8 billion USD Posted: 17 Sep 2012 08:33 AM PDT The country’s textile and garment sector achieved a trade surplus of 5.3 billion USD in the first eight months of 2012, a year-on-year increase of 24 percent. According to the Vietnam Textile and Garment Association (VITAS), in the first eight months of the year, the sector achieved an export turnover of 10.8 billion USD, an [...]

Dollar at four-month low against euro in Asia Posted: 17 Sep 2012 08:33 AM PDT The dollar fell to a four-month low against the euro in Asia Monday as the Federal Reserve’s open-ended stimulus continued to weigh on the greenback, analysts said. The single currency bought $1.3132 in the morning — its highest since early May — compared with $1.3127 late Friday in New York Friday. The euro was also [...]

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