Vietnam Business News

---

• Old ships refused by ship demolishing companies
• New car registration fees to be cut from April
• Vinamilk to operate two new dairy plants
• ODA disbursement in Q1/2013 reaches $290 million
• Analysts dismiss half-hearted measures to revive property market
• Homebuyers vent anger at foot-dragging project
• March 27: Vietnam central bank sets dollar unchanged at vnd20,828; black market rates fall further
• Financial statements plagued with errors
• Vietnam expected to approve plan for tackling bad debts soon
• Monetary policy management results in first two months of 2013

Old ships refused by ship demolishing companies Posted: 27 Mar 2013 03:32 AM PDT Ship owners have put their old ships on sale to get money to stop loss. However, it's very difficult to find buyers at this moment, when even ship demolishing companies also refuse with a shake of the head. Dai, the representative of Dai Huy, a well-known ship demolishing company in the sea city of Hai [...]

New car registration fees to be cut from April Posted: 27 Mar 2013 03:29 AM PDT HA NOI — Registration fees for new cars with less than 10 seats will be reduced from the current 15-20 per cent of the value of the car to 10-15 per cent from April 1. Under Decree 45/2011/ND-CP, registration fees for second-hand cars with less than 10 seats will remain at 2 per cent. According [...]

Vinamilk to operate two new dairy plants Posted: 27 Mar 2013 03:28 AM PDT The Vietnam Dairy Products Joint Stock Company (Vinamilk) will put into operation two modern dairy plants in the southern province of Binh Duong late April, Chairwoman cum CEO of the Vinamilk Corporation Mai Kieu Lien has said. Covering 20ha in the My Phuoc Industrial Zone, the first factory, which is fully automated, will turn out [...]

ODA disbursement in Q1/2013 reaches $290 million Posted: 27 Mar 2013 03:27 AM PDT Vietnam disbursed $290 million ODA in the first 3 months of the year, including $260 million borrowed funds and $30 million non-refundable capital, the Ministry of Planning and Investment (MoPI) data showed. The MOPI report showed that in the first 3 months of this year, re-borrowed ODA funds reached VND3.3 trillion, equal to 30% of [...]

Analysts dismiss half-hearted measures to revive property market Posted: 27 Mar 2013 03:22 AM PDT The central bank plans to pump VND30 trillion (US$1.4 billion) into the banking system to lend on easy terms to home buyers and social-housing developers, but analysts say it is not enough to revive the market. According to a circular issued by the State Bank of Vietnam on March 14, buyers of low-income housing, government [...]

Homebuyers vent anger at foot-dragging project Posted: 27 Mar 2013 03:20 AM PDT Dozens of buyers of apartments of the PetroVietnam Landmark project in HCMC's District 2 crowded the project's construction site on Saturday, demanding the project owner to quickly hand over the condos after long delays. The angry homebuyers brought banners asking the investor, PetroVietnam Construction Land Corporation (PVC Land), to keep its promises by quickly handing [...]

March 27: Vietnam central bank sets dollar unchanged at vnd20,828; black market rates fall further Posted: 27 Mar 2013 03:16 AM PDT The State Bank of Vietnam, the country's central bank today set the exchange rate for the U.S. dollar at VND20,828, unchanged for 14 months, banks' rates were mixed while free market rates slid. Banks are allowed to trade dollar at +/-1% from central bank quote and the ceiling price for dollar is currently at VND21,036. [...]

Financial statements plagued with errors Posted: 27 Mar 2013 03:16 AM PDT The difference between the pre and post-audit 2012 financial statements of listed companies have thrown up alarming discrepancies. While in previous years the margins were relatively small, the most recent findings have uncovered a host of anomalies, with companies offering a variety of reasons for the inaccuracies. Quang Ninh-based Vang Danh Coal (TVD) reported a [...]

Vietnam expected to approve plan for tackling bad debts soon Posted: 27 Mar 2013 03:16 AM PDT The plan to tackle bad debts is expected to be approved in the upcoming March government press briefing, the local newswire Tinnhanhchungkhoan.vn quoted the central bank governor Nguyen Van Binh as saying. The Politburo has already passed the plan to set up a national asset management company and the scheme to handle bad loans, the [...]

Monetary policy management results in first two months of 2013 Posted: 27 Mar 2013 03:16 AM PDT Developments in monetary, credit and banking operations in the first two months of 2013 have picked up in accordance with the management objectives of the whole year.  With the synchronous and decisive implementation of comprehensive measures since the early months of the year, developments in monetary, credit and banking operations in the first two months [...]

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