The Business Times: US imposes anti-subsidy tariff on Vietnamese frozen shrimp

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• US imposes anti-subsidy tariff on Vietnamese frozen shrimp
• Vietnam Airlines adds more than 3,600 summer flights
• Most legislators support tax exemption for VAMC
• Vietnam bond yield falls to 2007 low on rate outlook; dong drops
• Vietnam central bank switches to net injection of vnd198bln via OMO on may 29
• Price stabilization programme needs better co-ordination
• Vietnam stock inflows at 5-year high on growth: Southeast Asia
• Three scenarios for Vietnamese public debt/GDP in the next 15 years
• Formosa wants to increase capital to $28.5 billion
• Vietnam fertilizer imports up 10.2% to $583m in jan- may: GSO

US imposes anti-subsidy tariff on Vietnamese frozen shrimp Posted: 29 May 2013 09:40 PM PDT The US Department of Commerce (DOC) announced on May 29 that it will impose anti-subsidy tariffs of nearly 63% on frozen shrimp imported from China, India, Malaysia, Thailand and Vietnam. In its preliminary decision, the DOC will impose countervailing duties on products imported from Thailand (2.09%), from China (5.76%), from Vietnam (7.05%), from India (11.32%) [...]

Vietnam Airlines adds more than 3,600 summer flights Posted: 29 May 2013 09:39 PM PDT HA NOI— The national flag carrier Vietnam Airlines (VNA) will add 3,641 flights, equivalent to 700,000 seats, on eight domestic and four international routes from June 1 to August 31 in order to meet passenger demand during the summer peak season. More flights will travel between Ha Noi and Phu Quoc; HCM City, Nha Trang [...]

Most legislators support tax exemption for VAMC Posted: 29 May 2013 09:37 PM PDT Many law-makers in the discussions today voiced to back the proposal to exempt corporate taxes for the to-be-established national asset management company (VAMC), reasoning that the company operates to not-for-profit deal with bad loans. Earlier, the finance-budget committee also agreed on the draft regulations to give tax incentives for VAMC, yet adding that the government should [...]

Vietnam bond yield falls to 2007 low on rate outlook; dong drops Posted: 29 May 2013 08:19 PM PDT Vietnam's bonds gained, driving the benchmark five-year yield to the lowest since 2007, on speculation slowing inflation will prompt the central bank to cut interest rates. The dong dropped. The State Bank of Vietnam may lower its refinancing rate by 50 basis points to 6.5 percent next quarter if policy makers remain comfortable with the [...]

Vietnam central bank switches to net injection of vnd198bln via OMO on may 29 Posted: 29 May 2013 08:19 PM PDT The State Bank of Vietnam (SBV) net injected VND198 billion through open market operations (OMO) on May 29, the local newswire NDHMoney.vn reported, citing data compiled by SSI Research. In details, the SBV pumped VND576 billion for 7-day window at 6% and withdrew VND378 billion. The central bank net withdrew VND97 billion a day earlier. [...]

Price stabilization programme needs better co-ordination Posted: 29 May 2013 08:16 PM PDT he price-stabilized-product system should be developed nationwide and co-ordination among enterprises in creating a "goods reserve" should be improved, a conference was told on May 29. The Ministry of Industry and Trade recently held the conference to evaluate the price stabilization programme and to discuss how to expand it. Deputy Minister of Industry and Trade [...]

Vietnam stock inflows at 5-year high on growth: Southeast Asia Posted: 29 May 2013 08:13 PM PDT International investors are buying the most Vietnamese stocks in five years, lured by Southeast Asia's cheapest valuations and government efforts to bolster economic growth. Overseas funds bought a net $254 million of Vietnamese stocks this year to May 28, the biggest year-to-date purchases since 2008, speculating corporate profits will grow for the first time since [...]

Three scenarios for Vietnamese public debt/GDP in the next 15 years Posted: 29 May 2013 08:10 PM PDT Experts from National Economy University have provided three scenarios for Vietnamese public debt/ GDP for the next 15 years in their research "Public debt and the stability of Vietnam: pass, present and future" The best one based on assumption that Vietnam would successfully bring the economy back to the orbit of stable development and moderated [...]

Formosa wants to increase capital to $28.5 billion Posted: 29 May 2013 08:10 PM PDT f this proposal is approved by the Government and the People’s Committee of Ha Tinh province, Formosa Ha Tinh will be the largest foreign-invested project in Vietnam. Formosa Group (Taiwan) has proposed to raise the capital in the steel project in Vung Ang Economic Zone, Ha Tinh to $28.5 billion. If the proposal is ratified, [...]

Vietnam fertilizer imports up 10.2% to $583m in jan- may: GSO Posted: 29 May 2013 08:10 PM PDT Vietnam is estimated to have spent $583 million on importing 1.43 million tons of fertilizers in the first five months of this year, said the General Statistics Office (GSO). The figures represented year- on-year increases of 10.2% in value and 19.4% in volume, the government agency said on its website. In May, the country is [...]

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