Vietnam Business News

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• Credit rating reflects macroeconomic strain
• PM launches Hai Phong gateway port project
• Dairy producers boost investment in farms
• Vietnam’s loan rates highest in the region
• Vietnamese trains follow one rail all the time
• Vietnam wins tender to ship rice to Philippines

Credit rating reflects macroeconomic strain Posted: 14 Apr 2013 06:10 PM PDT Early this year, Fitch Ratings affirmed Viet Nam’s sovereign rating at B+ with a stable outlook. With Viet Nam determined to restructure the whole economy with a focus on the banking system, Viet Nam News reporter Mai Huong talked with Ambreesh Srivastava, senior director of Fitch Ratings’s Financial Institutions, South Asia, about the problems facing [...]

PM launches Hai Phong gateway port project Posted: 14 Apr 2013 06:05 PM PDT Prime Minister Nguyen Tan Dung issued an order on April 14 to break ground on a project to build the Hai Phong International Gateway Port. The port (component A of the project) is invested with VND25,000 billion sourced from Japanese ODA and the Vietnamese Government's charter capital. This is a particularly significant project aiming to [...]

Dairy producers boost investment in farms Posted: 14 Apr 2013 06:03 PM PDT HCMC – Dairy producers now attach great importance to expansion of dairy cow farms and cooperation with farmers, seeing this as a strategy for material source development. Vietnam Dairy Products Co. (Vinamilk) late this month will open two large factories, so the company is seeking ways to expand its material zone. Vinamilk currently has five [...]

Vietnam’s loan rates highest in the region Posted: 14 Apr 2013 06:01 PM PDT Currently, Vietnam's interest rates on loans are still highest in the region despite strenuous efforts by the State Bank of Vietnam (SBV) to adjust them since mid-2012. Most recently, the SBV has fixed ceiling short-term loan rates at 11 percent per year for businesses operating in five prioritised fields and at 12-15 percent for those [...]

Vietnamese trains follow one rail all the time Posted: 14 Apr 2013 06:00 PM PDT In Vietnam, productivity growth in the rail transport sector is the lowest among the transport modes. Minister of Transport Dinh La Thang in mid March 2013 confirmed the decision to cancel the project on the $56 billion high speed rail because the project raised a lot of controversy. The rail was believed to be too [...]

Vietnam wins tender to ship rice to Philippines Posted: 14 Apr 2013 06:00 PM PDT HCMC – Vietnam has successfully bid for selling 187,000 tons of rice to the Philippines at a bidding round held early this month with the participation of Vietnam and Thailand, according to the Vietnam Food Association (VFA). The bidding which is the Philippines's first of the year was held in April. A total 187,000 tons [...]

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