Vietnam Business News
Vietnam Business News |
- Vietnam central bank says inward remittances estimated at $8.9bln in 2012, data inconsistency?
- Bank profits shrink in 2012
- City-owned firms ‘must restructure’
- High-Tech Park hopes to lure major projects
- It’s not the right time for FX adjustment: SBV
- Newly-issued credit cards fall in q4/2012
- VietinBank in top 500 global banking brands
- Leading developer posts falling profit
- Exporters urged to meet growth target
- Financial muscle to lift firms
Vietnam central bank says inward remittances estimated at $8.9bln in 2012, data inconsistency? Posted: 21 Feb 2013 12:06 AM PST The State Bank of Vietnam (SBV) estimated that the country received $8.9 billion inbound remittance in 2012, much lower than $10 billion figure as announced by minister of foreign affairs early this month. The Saigon Times Online reported the information on Wednesday, citing its private source from the central bank. [Data were updated as of [...] |
Posted: 20 Feb 2013 11:09 PM PST Unlike the whopping ten-figure annual profits of previous years, many banks failed to achieve their profit targets in 2012 due to the expenses they had to set aside for bad loans. Large profit reductions were recorded in many Q4/2012 and full-year financial reports announced by banks this week. Sacombank incurred a VND802 billion loss in [...] |
City-owned firms ‘must restructure’ Posted: 20 Feb 2013 11:06 PM PST The city Department of Finance has asked local authorities to develop measures to restructure city-owned companies that have had difficulty surviving during the economic downturn. The department's director Dao Thi Lan Huong said the city People's Committee should speed up the process of either merging or selling six companies slated to be restructured. The department [...] |
High-Tech Park hopes to lure major projects Posted: 20 Feb 2013 11:05 PM PST The Saigon High-Tech Park (SHTP) aims to attract between six and ten investment projects with a combined registered capital of around US$150 million in 2013, according to SHTP's management board. The park also seeks export revenue of at least $2.7 billion this year. In addition, SHTP will continue its efforts to attract more exports and [...] |
It’s not the right time for FX adjustment: SBV Posted: 20 Feb 2013 10:26 PM PST It is not the right time to make any adjustment to the exchange rate as many factors will increase inflationary pressure in the near future, the Monetary Policy Department of the State Bank of Viet Nam have declared. The decision was made despite economists recently recommending the central bank to devalue the dong by roughly [...] |
Newly-issued credit cards fall in q4/2012 Posted: 20 Feb 2013 09:38 PM PST There were about 160,000 new credit cards issued in the last quarter of 2012, down 30% compared to Q3 figure, the local newswire Gafin.vn reported. According to Settlement Systems Department of the State Bank of Vietnam (SBV), the country had 54.29 million bankcards by the end of 2012, up 35% from around 40 million cards [...] |
VietinBank in top 500 global banking brands Posted: 20 Feb 2013 09:31 PM PST Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has been named in the top 500 banking brands globally with a trademark value of 271 million USD. According to the list, recently launched by The Banker, the world' leading banking-financial magazine, VietinBank ranked 328th, a 106-place leap from its position last year. It is [...] |
Leading developer posts falling profit Posted: 20 Feb 2013 09:30 PM PST The net profit of real estate developer Hoang Anh Gia Lai Group declined from nearly VND1.2 trillion (US57.14 million) in 2011 to just VND352 billion ($16.8 million) last year, a drop of nearly 70 per cent, the company reported. In its fourth quarter financial statements for 2012, Hoang Anh Gia Lai (HAG) reported that revenue [...] |
Exporters urged to meet growth target Posted: 20 Feb 2013 09:25 PM PST Exporters must both exploit new and traditional markets and introduce new products in order to meet the export growth target of 10 per cent this year, according to the Ministry of Industry and Trade. For the traditional market of Japan, for instance, the ministry recommended exporters step up shipments of agricultural products, particularly rice. Though [...] |
Financial muscle to lift firms Posted: 20 Feb 2013 09:25 PM PST Central Economic Committee head Vuong Dinh Hue sheds some light to a raft of measures the financial sector will come up in 2013 to support the market and the corporate community. The economy will continue grappling with hardships in 2013. What can the financial sector do to uphold firms and the market? Tackling hardships, supporting [...] |
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 |
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home