The Business Times: Rice exports need to be streamlined

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• Rice exports need to be streamlined
• Vietnamese businessmen repent of cooperation with foreign investors
• HCMC: 11 banks yet to close all gold accounts
• Ford Vietnam drives ahead
• Hanoi stimulates summer tourism demand
• Hai Duong attracts US$3 billion in FDI
• Evaluation of Central Highland bauxite project necessary
• In economic crisis, food industry still can grow strongly
• Gov’t asks for reduction of interest rate gap
• Vietnam banks lowers deposit rates en masse

Rice exports need to be streamlined Posted: 13 May 2013 11:12 PM PDT HA NOI — Deputy Minister of Finance Hoang Anh Tuan has asked relevant agencies to speed up a draft decree on rice exports so that suggestions from relevant ministries can be submitted to the Government for approval. One of the key tenets of this draft decree is to re-organise rice exporting activities, so that market [...]

Vietnamese businessmen repent of cooperation with foreign investors Posted: 13 May 2013 11:11 PM PDT The high hope Vietnamese businessmen once put on the cooperation deals with foreign partners has become the disappointment, because the cooperation has not brought the desired effects. The bitterness of cooperation Just after six years of joining hands with Coca Cola, the Vietnamese partners in the joint ventures with Coca Cola – Vinafimex and the [...]

HCMC: 11 banks yet to close all gold accounts Posted: 13 May 2013 11:01 PM PDT Eleven banks in Ho Chi Minh City still have outstanding gold accounts, the local newswire Nguoi Lao Dong ('Laborer') reported. Deputy director of the central bank branch in Ho Chi Minh City Nguyen Hoang Minh said that gold in stock of commercial banks in the area could meet 90% of gold payment that must be [...]

Ford Vietnam drives ahead Posted: 13 May 2013 10:59 PM PDT Ford Vietnam reported strong growth in retail sales in April, a sign for continuous recovery this year. The firm sold 686 vehicles in April, surging 216 per cent year-on-year, according to an announcement released by Ford Vietnam last week. The exceptional month was driven by strong demand across the entire Ford product lineup with each [...]

Hanoi stimulates summer tourism demand Posted: 13 May 2013 10:58 PM PDT Hanoians' demand for domestic and foreign tours usually climbs as summer approaches, but this year the demand is expected to rise even more thanks to the numerous tourism promotions being launched by travel agencies. According to travel businesses, the number of customers booking tours to popular destinations in central and southernVietnam has increased by 20-25% [...]

Hai Duong attracts US$3 billion in FDI Posted: 13 May 2013 10:56 PM PDT Industrial parks (IPs) in the northern province of Hai Duong have attracted 163 projects invested by 30 countries and territories around the world, with total registered capital of US$3 billion. The figure was released at a ceremony in Hai Duong on May 13 to mark the 10th anniversary of the establishment of the province's IPs mangement [...]

Evaluation of Central Highland bauxite project necessary Posted: 13 May 2013 10:50 PM PDT Pham Quang Tu, director of the Office of Social Evaluation and Consultancy (OSEC), on May 9 said that it is time to evaluate the bauxite project in the Central Highlands instead of waiting for Nhan Co alumina plant to do so. The Central Highlands bauxite project includes Tan Rai alumina plant in Lam Dong Province [...]

In economic crisis, food industry still can grow strongly Posted: 13 May 2013 10:48 PM PDT The Vietnamese market is large enough to receive more food producers, especially dairy producers. In crisis, people have to cut the budget on traveling and entertainment, but they still have to spend money on food. It was late in the afternoon. But Dominic Scriven, Chief Executive Officer of Dragon Capital, an investment fund management company, [...]

Gov’t asks for reduction of interest rate gap Posted: 13 May 2013 10:46 PM PDT The Government has given the State Bank of Vietnam the task to narrow the gap between deposit and lending rates, in order to achieve a credit growth of 12 percent. According to the Government's latest resolution, the central bank was also requested to steer capital flow to priority fields in order to facilitate business operations, [...]

Vietnam banks lowers deposit rates en masse Posted: 13 May 2013 10:30 PM PDT Many commercial banks said they have cut short-term dong deposit rates from 7.5% after the State Bank of Vietnam (SBV)'s decision to adjust down key policy rates on Monday. Asia Commercial Bank (ACB) has recently cut deposit rates to as low as 7.2-7.3% p.a. The HNX-listed lender also slashed the rates for 9-12 month deposits [...]

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