The Business Times: Vietnam tries to hold cashew nut export prices to rescue growers

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• Vietnam tries to hold cashew nut export prices to rescue growers
• Vietnamese labor market catches foreign investors’ eyes
• ADB supports water supply, road upgrade
• Bio-fuel system installation to be sped up
• Import surplus hits US$1.2 billion in May
• Deputy PM plays down bauxite project worries
• SBV overhasty in loosening monetary policy?
• Vietnam fears for lacking STB to implement digital terrestrial TV program
• US steel producers make dumping claim
• Banks to sell non-performing loans

Vietnam tries to hold cashew nut export prices to rescue growers Posted: 24 May 2013 12:50 AM PDT  In an effort to save the cashew industry, local authorities have been moving ahead with the special plans to develop cashew growing areas. Cashew growing areas shrink Cashew nuts were once the key export item of Vietnam. However, Vietnamese farmers recently have given up farming because the profits from cashew gardens cannot feed them. In [...]

Vietnamese labor market catches foreign investors’ eyes Posted: 24 May 2013 12:49 AM PDT The labor market is expected to see more and more merger and acquisition (M&A) deals in the time to come when more foreign human resource firms come to Vietnam, the market which has become more attractive in their eyes. According to a human resource firm headquartered in HCM City, foreign groups began eyeing the Vietnamese [...]

ADB supports water supply, road upgrade Posted: 24 May 2013 12:47 AM PDT The State Bank of Vietnam on May 23 signed with the Asian Development Bank two agreements on loans and non-refundable aid worth a total 249 million USD to help Vietnam improve water supply services and upgrade roads. Among these there is a 212 million USD credit, part of the 1 billion USD credit package for [...]

Bio-fuel system installation to be sped up Posted: 24 May 2013 12:44 AM PDT Deputy Minister of Industry and Trade Le Duong Quang has asked petrol producers and agencies to speed up the distribution of E5 bio-fuel to meet a deadline set by the Prime Minister. According to the PM's Decision 53/2012/QD-TTg, the E5 bio-fuel (traditional petrol mixed with 5 percent ethanol) will be rolled out on national scale [...]

Import surplus hits US$1.2 billion in May Posted: 24 May 2013 12:41 AM PDT Vietnam's exports were estimated at US$10.8 billion and its imports at US$12 billion in May. The direct foreign investment (FDI) sector boasted US$7.12 billion, or 65.9% of Vietnam's total export value and imported US$6.6 billion worth of goods, making up 55 percent of the country's total import spending. Key export items included crude oil, seafood, [...]

Deputy PM plays down bauxite project worries Posted: 24 May 2013 12:39 AM PDT Deputy Prime Minister Hoang Trung Hai has confirmed that the bauxite project in the Central Highlands region will bear fruit in the long run. Hai was speaking to the media on the sidelines of the current session of the National Assembly, easing public worries about the economic efficiency of the project. The project has been [...]

SBV overhasty in loosening monetary policy? Posted: 24 May 2013 12:33 AM PDT The State Bank of Vietnam (SBV) has been warned against the hastiness in regulating the money policy. Vietnam would have to pay a heavy price for the decision to slash interest rates at unreasonable moments. Walking too quickly, one would trip and fall A new interest rate level, the deepest low in the last five [...]

Vietnam fears for lacking STB to implement digital terrestrial TV program Posted: 23 May 2013 09:22 PM PDT  The Ministry of Information and Communication is discussing the way of propping up set top boxes (STB) to people in the implementation of the national program on TV digitalization. Meanwhile, VTC has delayed its STB production project. Ta Quang Son, General Director of Hanel, said the State needs to give financial support to the poor [...]

US steel producers make dumping claim Posted: 23 May 2013 09:00 PM PDT After welded steel pipes and steel wire garment hangers, now welded stainless pressure pipe from Viet Nam continue to face charges of dumping in the US. The Viet Nam Competition Authority under the Ministry of Industry and Trade on Monday said three US stainless pipe producers – Bristol Metals LP, Felker Brothers Corp and Outokumpu [...]

Banks to sell non-performing loans Posted: 23 May 2013 08:33 PM PDT HA NOI (VNS)— Banks with non-performing loan (NPL) ratios of 3 per cent or more will have to sell the loans to the Viet Nam Asset Management Company (VAMC), a new group due to officially begin operations on July 9 this year, according to a newly-issued decree. According to the decree on VAMC signed on [...]

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