The Business Times: The end of the small scale hydropower plants

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• The end of the small scale hydropower plants
• Scope for technology imports to narrow
• Vietnam banks with bad debt ratios of over 3% unveiled
• Banking restructuring earns initial results: Govn’t
• Vietnam five-year bond yield drops to 2007 low after debt sale
• VAMC only buys debts satisfying five conditions
• Vietnam central bank net withdraws vnd577bln via OMO on may 22
• Spain supports Vietnam’s sustainable tourism
• Having to pay higher wages, businesses trim workers’ allowances
• 16th ASEAN cocoa producers meeting opens in HCM City

The end of the small scale hydropower plants Posted: 22 May 2013 10:28 PM PDT The Ministry of Industry and Trade (MOIT) plans to exclude 338 projects from the list of hydropower plant projects to be developed nationwide. Do Duc Quan, Director of MOIT's Hydropower Department, said the ministry has decided to propose the government to remove the projects after checking the power plant development program and the implementation of [...]

Scope for technology imports to narrow Posted: 22 May 2013 09:28 PM PDT Local firms' import of equipment and technology shall be tightened. Under a Ministry of Science and Technology (MoST) draft on equipment and technology import management, state-owned enterprises (SOEs) will only be green-lighted for the import of brand-new production lines. Accordingly, the procurement of machinery, equipment and technology at SOEs will be put under close control [...]

Vietnam banks with bad debt ratios of over 3% unveiled Posted: 22 May 2013 09:23 PM PDT Banks' business reports for 2012 showed that the majority of 10 largest banks had NPL ratios of below 3%. Exceptionally, Agribank posted very high bad debts of 5.8% of total loans or VND27,803 billion. Agribank’s bad debts equaled to combined NPL figure of Vietcombank, BIDV, Vietinbank, SHB andACB. SHB's bad loans in 2012 was also very high, [...]

Banking restructuring earns initial results: Govn’t Posted: 22 May 2013 09:23 PM PDT The national banking restructuring scheme has born initial fruits, said a newly released report from the Government. Relevant state agencies and banking watchdogs have focused on assessing the actual operational statuses and quality of assets to build up feasible restructuring plans with a priority over liquidity support to ensure the solvency of those credit institutions. [...]

Vietnam five-year bond yield drops to 2007 low after debt sale Posted: 22 May 2013 09:23 PM PDT Vietnam's five-year bonds gained, driving the yield to a 2007 low, after borrowing costs dropped at a government debt sale. The dong strengthened. The State Treasury sold all of the 5 trillion dong ($238 million) of notes it offered yesterday. Five-year securities were sold at a yield of 8.23 percent, compared with 8.45 percent at [...]

VAMC only buys debts satisfying five conditions Posted: 22 May 2013 09:23 PM PDT The local newswire TTVN.vn reported that Vietnam's much-anticipated asset management company (VAMC), scheduled to come into life from July 9, would only buy bad loans that meet all five conditions as follows: Firstly, bad loans are of credit institutions, including bad debts in credit grants, purchase of corporate bonds, entrusted investments in corporate bonds, entrusted [...]

Vietnam central bank net withdraws vnd577bln via OMO on may 22 Posted: 22 May 2013 09:23 PM PDT The State Bank of Vietnam (SBV) net withdrew VND577 billion through open market operations (OMO) on May 22, the local newswire NDHMoney.vn reported, citing data compiled by SSI Research. In details, the SBV pumped VND378 billion for 7-day window at 6% and withdrew VND955 billion. The monetary authority sold VND4 trillion worth of Treasury-bills and [...]

Spain supports Vietnam’s sustainable tourism Posted: 22 May 2013 09:18 PM PDT A Spanish-funded project on sustainable tourism development in Vietnam's highland regions has been a great success, a conference was told in Hanoi on May 21. The project, sponsored by the Spanish Government's Agency for International Development Cooperation (AECID), was implemented in Central Highland and northwestern mountain provinces, including Dien Bien, Ha Giang, and Lao Cai [...]

Having to pay higher wages, businesses trim workers’ allowances Posted: 22 May 2013 09:15 PM PDT Business owners have been told to increase the workers' wages in accordance with the roadmap set up by the management agencies. Meanwhile, their wage funds have become scantier in the economic crisis. Businesses have to do what the government tells them to do. However, to cope with the new policy, they have been trying to [...]

16th ASEAN cocoa producers meeting opens in HCM City Posted: 22 May 2013 09:14 PM PDT VOV) – The 16th meeting of the National Focal Points for ASEAN Cocoa Club (ACC) on the Joint Scheme for ASEAN Cooperation in Agricultural and Forest Products Promotion is taking place in HCM City on May 22-23. During the conference, delegates from ASEAN nations will discuss ways to implement Good Agricultural Practices (GAP) for growing [...]

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