Vietnam Business News

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• Bond trading value on secondary market rises slightly last week
• Vietnam total lending grows 0.1% by end-mar 2013: Media
• Interbank trading Dong -17%, Dollar +12% in week ending Mar 29
• New rule aims to reduce number of weak banks
• Banks stop offering gold loans
• Greater future for property market
• Expert says real estate market needs major price adjustment
• Vietnam’s agricultural and seafood exports to Japanese market
• Vinamilk milks the market
• Big investors can negotiate about tax incentives with the government of Vietnam

Bond trading value on secondary market rises slightly last week Posted: 03 Apr 2013 04:30 AM PDT Bond trading value on the secondary market totaled over VND8.42 trillion in the week ending March 29, up 0.7% on week, said BaoViet Securities Joint Stock Co (BVSC) in its weekly bond report. Transactions were mainly for below 3-year tenors, representing 61.6% of the total trading value while 3- to 5-year bonds constituted 29.1% and [...]

Vietnam total lending grows 0.1% by end-mar 2013: Media Posted: 03 Apr 2013 04:29 AM PDT Total outstanding loans of commercial banks in Vietnam by the end of March this year have risen by 0.1% from last December, the local newswire VnEconomy.vn reported today. Meanwhile, total deposits expanded by 3.8% in Jan-Mar period. Earlier, the Saigon Times reported that total credits of the whole banking system as of March 21, 2013 [...]

Interbank trading Dong -17%, Dollar +12% in week ending Mar 29 Posted: 03 Apr 2013 04:29 AM PDT The total interbank trading value of the dong fell by 17.3% to VND86.069 trillion in the week ending March 29 from VND104.076 trillion a week earlier while that of the dollar soared by 11.9% to VND63.083 trillion from VND56.361 trillion. The total interbank trading value of the dong fell by 17.3% to VND86.069 trillion in [...]

New rule aims to reduce number of weak banks Posted: 03 Apr 2013 04:29 AM PDT Under-performing banks may have to file for bankruptcy if they cannot meet new conditions set out by the central bank under a recently issued circular that is effective on April 27. Circular No07/2013/TT-NHNN requires that certain banks restructure through merger or acquisition with other credit institutions. Under the new policy, the central bank could put [...]

Banks stop offering gold loans Posted: 03 Apr 2013 04:29 AM PDT Credit institutions are no longer allowed to give loans to customers who want to purchase gold in any form, including primary gold, bullion and jewellery, according to the State Bank of Viet Nam (SBV). The SBV, in a document issued last week, said the regulation would strengthen the State’s management of gold trading activities. Banks, [...]

Greater future for property market Posted: 03 Apr 2013 04:07 AM PDT John Gallander, director of Savills Hanoi, talks with Viet Nam News about perspectives of real estate market this year. As an experienced property consultant, what do you predict for the future of Viet Nam’s property market? The Vietnamese property market as well as Ha Noi’s property market will have a great future in the long [...]

Expert says real estate market needs major price adjustment Posted: 03 Apr 2013 04:06 AM PDT Alan Phan, a famous Overseas Vietnamese fund manager, has answered criticism over his opinions that the Vietnamese real estate market should be left to fall. Controversial saying In late March, Alan Phan, chairman of the Hong Kong-based private-equity fund Viasa, told VnExpress that the move would pull down housing prices by an additional 30% to [...]

Vietnam’s agricultural and seafood exports to Japanese market Posted: 03 Apr 2013 04:03 AM PDT Due to different crop and weather patterns, Vietnam has plenty of opportunity to export agricultural and seafood products to the Japanese market. But there remain snags in meeting Japan's strict food safety and hygiene requirements. According to the Vietnamese Embassy in Tokyo, Vietnam-Japan economic relations showed impressive growth in 2012. Trade exchange between the two [...]

Vinamilk milks the market Posted: 03 Apr 2013 04:02 AM PDT Vinamilk will soon inaugurate two of Asian biggest milk processing facilities. Vinamilk – the number one domestic market liquid milk maker – is ramping up efforts for completion of its two landmark milk processing facilities costing more than VND4 trillion ($190 million). The first facility, based in Vietnam-Singapore Industrial Park (IP) in southern Binh Duong [...]

Big investors can negotiate about tax incentives with the government of Vietnam Posted: 03 Apr 2013 03:55 AM PDT The draft corporate income tax law stipulates the jurisdiction of the government in deciding the investment incentives for the big investment projects, which are expected to have high socio-economic impacts. This means that big investors, who are considered the "special investors" thanks to the great impacts on the socio-economic development of Vietnam, would be able [...]

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