The Business Times: German ambassador projects high ODA for Vietnam

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• German ambassador projects high ODA for Vietnam
• June 24: Vietnam central bank keeps dollar exchange at vnd20,828, Vietinbank rate down
• Hanoi: Total loans +1.7%; total deposits +5.7% in Jan-Jun
• June 24, 2013: Vietnam gold falls after rising last weekend, dollar stable
• Vietnamese firms invest in Airbus planes
• Law amended, FIEs escape suspended sentence
• Opportunities open to buy distressed assets
• Low cost smart phones still live well amid their predicted ill fate
• Businesses worried sick about minimum wages
• 25,800 gold taels sold in june 21 auction; prices down

German ambassador projects high ODA for Vietnam Posted: 24 Jun 2013 01:03 AM PDT Germany's official development assistance (ODA) for Vietnam in the next two years will likely be the same as in 2012-2013 at 289 million euros, said Jutta Frasch, German ambassador to Vietnam. Speaking during her three-day field trip to Germany-funded projects in Vietnam on Thursday, the German diplomat said the success of projects in Vietnam would [...] The post German ambassador projects high ODA for Vietnam appeared first on Vietnam Business News.

June 24: Vietnam central bank keeps dollar exchange at vnd20,828, Vietinbank rate down Posted: 23 Jun 2013 11:45 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND20,828 on Monday, unchanged since Dec, 2012. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,036. Today, Vietinbank lowered dollar prices for bid by [...] The post June 24: Vietnam central bank keeps dollar exchange at vnd20,828, Vietinbank rate down appeared first on Vietnam Business News.

Hanoi: Total loans +1.7%; total deposits +5.7% in Jan-Jun Posted: 23 Jun 2013 11:45 PM PDT Total outstanding loans of commercial banks in Hanoi are estimated at VND663.908 trillion by the end of June 2013, up 1.7% from the end of last year, according to data from municipal statistics office. Short-term loans rose by 1.3% from end 2012 while medium- and long-term loans climbed by 2.3%. Meanwhile, total deposits of Hanoi-based [...] The post Hanoi: Total loans +1.7%; total deposits +5.7% in Jan-Jun appeared first on Vietnam Business News.

June 24, 2013: Vietnam gold falls after rising last weekend, dollar stable Posted: 23 Jun 2013 11:45 PM PDT Today, Vietnam gold fell again after increasing last weekend, following world suit. SJC Hochiminh was traded at VND38.72 million/taelfor bid and VND39.02 million/tael for ask respectively as of 11:45 am, Hanoi time. SJC in the North quoted at VND38.80 million/tael for bid and VND39.10 million/tael for ask. Techcombank gold prices were listed at VND38.85-VND39.00million/tael for bid and ask, respectively. Domestic [...] The post June 24, 2013: Vietnam gold falls after rising last weekend, dollar stable appeared first on Vietnam Business News.

Vietnamese firms invest in Airbus planes Posted: 23 Jun 2013 11:37 PM PDT HA NOI (VNS) — The national flag carrier Vietnam Airlines and the Vietnam Aircraft Leasing Company (VALC) signed a contract in Ha Noi on Friday to buy 30 Airbus planes. Vietnam Airlines will buy 10 A350s and 10 A321s, while VALC will take another 10 A321s. A memorandum of understanding had been reached in early [...] The post Vietnamese firms invest in Airbus planes appeared first on Vietnam Business News.

Law amended, FIEs escape suspended sentence Posted: 23 Jun 2013 11:35 PM PDT Thousands of foreign invested enterprises (FIEs) have escaped from their suspended sentence because they did not make the re-registration as required by the Enterprise Law, since the amended law which makes some changes to the Article No 170 was ratified by the National Assembly on June 20. As such, the thousands of enterprises now can [...] The post Law amended, FIEs escape suspended sentence appeared first on Vietnam Business News.

Opportunities open to buy distressed assets Posted: 23 Jun 2013 11:32 PM PDT HCM CITY (VNS)— The time is ripe for developers and other buyers to find ways to take over distressed assets in Viet Nam’s real estate market, according to experts. As the market has been stumbling, the lack of capital resources has pushed many developers to restructure their portfolios to focus on core and important projects. [...] The post Opportunities open to buy distressed assets appeared first on Vietnam Business News.

Low cost smart phones still live well amid their predicted ill fate Posted: 23 Jun 2013 09:16 PM PDT Contrary to all predictions that low cost smart phones would soon disappear from the market because of their low quality, the products still have been selling very well and become more and more favored by customers. VnMedia newspaper, which conducted a mini survey on the mobile phone market, has come to a conclusion that it [...] The post Low cost smart phones still live well amid their predicted ill fate appeared first on Vietnam Business News.

Businesses worried sick about minimum wages Posted: 23 Jun 2013 09:07 PM PDT A lot of businesses say they have to borrow money from commercial banks to pay to workers. From July 1, 2013, the minimum wage of workers would be VND100,000 higher than the current level, at VND1.15 million instead of the current VND1.05 million. The director of a construction company in Hanoi admitted that with a [...] The post Businesses worried sick about minimum wages appeared first on Vietnam Business News.

25,800 gold taels sold in june 21 auction; prices down Posted: 23 Jun 2013 08:49 PM PDT The State Bank of Vietnam (SBV) sold 25,800 taels out of 26,000 taels of gold bars in an auction held on June 21 at the prices much lower than in the earlier auction, the central bank said. The gold bars were sold to seven banks and gold firms at VND38.57 million per tael at the [...] The post 25,800 gold taels sold in june 21 auction; prices down appeared first on Vietnam Business News.

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