The Business Times: Lending rates hard to ease to 9-10%, NA office vice chairman says

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• Lending rates hard to ease to 9-10%, NA office vice chairman says
• Banks’ profits decline on narrower interest rate spread: source
• SOE debts to be strictly controlled
• US$1bn target for fruit and vegetable exports within reach
• Deploy 4G after 2015: MIC
• Quang Ngai calls for investment in Dung Quat
• Realty indices are nowhere to be found
• Taifex signs MOU with Hanoi stock exchange
• Vietnam considers anti-dumping investigation into imported steel
• Thua Thien – Hue works on tourism planning to 2025

Lending rates hard to ease to 9-10%, NA office vice chairman says Posted: 28 May 2013 11:27 PM PDT The government's plan to cut lending interest rates to 9-10% or even 8-9% to aid local firms would be hard to achieve, said Nguyen Si Dung, vice chairman of the office of the National Assembly in a conference today. Businesses still find it hard to access bank loans although lending rates have decreased to about [...]

Banks’ profits decline on narrower interest rate spread: source Posted: 28 May 2013 11:27 PM PDT Net interest rate spread minus risk provision costs, by the end of March 2013, slid to 1.93%, down from 2.33% as of late 2012, said Nguyen Thi Hong, head of the central bank's monetary policies department, local media reported. This made many credit institutions book lower profits and some even report losses, Hong added. “If [...]

SOE debts to be strictly controlled Posted: 28 May 2013 11:26 PM PDT The Ministry of Finance has recently publicised a draft decree on management of debts of State-owned enterprises (SOEs), which notably permits SOEs to sell their debts to a debt trading company. If the draft comes into law, SOEs will be able to sell debts which they classify as irrecoverable to the Viet Nam Debt Trading [...]

US$1bn target for fruit and vegetable exports within reach Posted: 28 May 2013 11:26 PM PDT VOV) – The Vietnamese Fruit and Vegetables Association (Vinafruit) predicts that the country's produce export value is likely to hit US$1 billion in 2013. The global financial crisis has severely impacted exports including tra fish, frozen shrimp, and rice. From 2007, fruit and vegetable exports have often seemed the agricultural sector's best hope, maintaining double-digit [...]

Deploy 4G after 2015: MIC Posted: 28 May 2013 11:22 PM PDT Now is not the right time for Vietnam to shift to 4G services while 3G technology has only been commercialized at home over the last three years, said the Ministry of Information and Communications (MIC). MIC made the statement after several technology firms recently called for Vietnam to switch to 4G services as local consumers [...]

Quang Ngai calls for investment in Dung Quat Posted: 28 May 2013 11:20 PM PDT QUANG NGAI (VNS)— The central province of Quang Ngai will continue to speed up overseas investment promotion in order to seek more foreign investment for its Dung Quat Economic Zone (EZ) by the end of the year. Prioritised industries for investment include heavy industries, seaports, petrochemicals, oil and gas, shipbuilding, support industries and wood processing, [...]

Realty indices are nowhere to be found Posted: 28 May 2013 11:19 PM PDT Property indices are intended to serve as a tool for both regulators and enterprises to monitor market movements but the Ministry of Construction has still been struggling to collect enough data to publish the indices. Deputy Minister of Construction Nguyen Tran Nam, speaking at an event marking the tenth birthday of the Vietnam Real Estate [...]

Taifex signs MOU with Hanoi stock exchange Posted: 28 May 2013 11:15 PM PDT The Taiwan Futures Exchange (Taifex) and the Hanoi Stock Exchange (HNX) signed a memorandum of understanding (MOU) in Taipei Monday, as Vietnam is planning to establish a derivatives market. “We are pleased to cooperate with HNX to better serve the markets of Taiwan and Vietnam, and to share our experience in business development, trading and [...]

Vietnam considers anti-dumping investigation into imported steel Posted: 28 May 2013 09:02 PM PDT Domestic businesses demanded an anti-dumping investigation into a number of imported steel products. According to the Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade (MoIT), two local firms – Posco VST and Hoa Binh Innox – have sent legal dossiers asking to levy anti-dumping taxes on cold-rolled stainless steel imported from China, Taiwan, [...]

Thua Thien – Hue works on tourism planning to 2025 Posted: 28 May 2013 08:57 PM PDT The central province of Thua Thien-Hue has hired Singapore-based Akitek Tenggara company as a consultant in devising a tourism development scheme for the 2013-2025 period. According to Chairman of the provincial People's Committee Nguyen Van Cao, the scheme must create a new vision for the sector and specify directions and measures to turn the province [...]

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