The Business Times: Corporate bonds look good-in comparison

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• Corporate bonds look good-in comparison
• There’s basis to ensure stable E/R: Vu Dinh Anh
• Delta hit by low rice prices
• Slump puts coffee firms in hot water
• Steel sector needs healthier business climate
• Money men snub real-estate investment
• Industry insider assesses insurance market
• MOIT to allow more petroleum distributors to join the market
• VND40tln loans disbursed per month until year end: Deputy PM
• Vietnam banks settles 93% outstanding gold deposits

Corporate bonds look good-in comparison Posted: 17 Jun 2013 12:41 AM PDT Good times are on the way for Vietnam's corporate bond market thanks to a sharp decrease in government bond yields and banking interest rates. "With the anticipation of ticked up credit growth as well as the plunge of lending rates in coming months, we expect the corporate bond market would turn to vibrant mode in [...] The post Corporate bonds look good-in comparison appeared first on Vietnam Business News.

There’s basis to ensure stable E/R: Vu Dinh Anh Posted: 17 Jun 2013 12:40 AM PDT The surge in Vietnam's foreign exchange reserves brought positive news that the central bank could keep the exchange rate stable or raise the dollar prices by only 2-3% against the dong this year, said economist Vu Dinh Anh. The exchange rate movements, according to Anh, depend quite heavily on the balance of current accounts and [...] The post There's basis to ensure stable E/R: Vu Dinh Anh appeared first on Vietnam Business News.

Delta hit by low rice prices Posted: 17 Jun 2013 12:37 AM PDT CUU LONG DELTA (VNS)— Cuu Long (Mekong) Delta farmers are hoping that the programme to purchase rice for reserves will boost the low market prices existing as the summer-autumn crop is harvested. On Friday, prices of paddy and rice remained very low. In the Cuu Long (Mekong) Delta provinces like An Giang, Long An and [...] The post Delta hit by low rice prices appeared first on Vietnam Business News.

Slump puts coffee firms in hot water Posted: 17 Jun 2013 12:35 AM PDT Despite the warning from the Viet Nam Coffee & Cocoa Association that the country’s coffee harvest may decline for a second straight year because of drought in the main growing regions, prices have continued to drop, putting coffee traders in distress. Many face bankruptcy since, under pressure from lending banks, they have been forced to [...] The post Slump puts coffee firms in hot water appeared first on Vietnam Business News.

Steel sector needs healthier business climate Posted: 17 Jun 2013 12:33 AM PDT There is growing concern that underhanded and unhealthy competition by many businesses to clear their excessive stocks is damaging the steel industry. The Vietnam Steel Association (VSA) says around 400,000 tonnes of steel were consumed in May, just equal to the previous month's figure, leaving the inventory level at a record high of nearly 350,000 [...] The post Steel sector needs healthier business climate appeared first on Vietnam Business News.

Money men snub real-estate investment Posted: 16 Jun 2013 09:47 PM PDT Fund management companies in Viet Nam show little interest in setting up real-estate investment funds under new Ministry of Finance regulations coming into force on July 1. According to a study by Dau tu chung khoan magazine (Securities Investment), of the top 10 fund managers, none has yet developed specific plans to get involved. This [...] The post Money men snub real-estate investment appeared first on Vietnam Business News.

Industry insider assesses insurance market Posted: 16 Jun 2013 09:34 PM PDT “I believe that life insurance products with a focus on investments have a great future in Viet Nam,” Ly Nhon , chief financial officer, AIA Vietnam and an International financial expert, told the Viet Nam News on the outlook of financial offerings. What’s your assessment of the Viet Nam insurance market? After an exciting development [...] The post Industry insider assesses insurance market appeared first on Vietnam Business News.

MOIT to allow more petroleum distributors to join the market Posted: 16 Jun 2013 09:27 PM PDT Four enterprises, which are private businesses and joint stock companies, have got the licenses from the Ministry of Industry and Trade to operate as the petroleum distributors in the domestic market. The number of the distributors would still be rising. All the existing petroleum distributors complain that they incur losses because they have to sell [...] The post MOIT to allow more petroleum distributors to join the market appeared first on Vietnam Business News.

VND40tln loans disbursed per month until year end: Deputy PM Posted: 16 Jun 2013 09:22 PM PDT Deputy Prime Minister Nguyen Xuan Phuc said in a report that the government would try to govern so that every month, VND40,000 billion loans could be provided for the economy. This is part of the government's effort to achieve 12% credit growth target for 2013. Credit Growth Total outstanding loans of the whole banking system, [...] The post VND40tln loans disbursed per month until year end: Deputy PM appeared first on Vietnam Business News.

Vietnam banks settles 93% outstanding gold deposits Posted: 16 Jun 2013 09:20 PM PDT Banks in Vietnam have settled 93% outstanding gold deposits to date, the local newswire TTVN.vn reported, quoting its private source from the Banking Times, as saying. This would eliminate the risks of funding and lending in gold for the banking system, the newswire noted. The number of banks yet to close all their gold accounts [...] The post Vietnam banks settles 93% outstanding gold deposits appeared first on Vietnam Business News.

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