The Business Times: June 19, 2013: Vietnam Gold Drops to VND39.72Mln/Tael , Dollar Stable

---

• June 19, 2013: Vietnam Gold Drops to VND39.72Mln/Tael , Dollar Stable
• Target on ODA disbursement ‘is within reach’
• Samsung Vietnam gets tax breaks for giant plant
• Banks offer low rate loans to businesses
• Import medicine dislodges locally-made products
• Viettel invests US$33 million in US
• Vietnam central bank withdraws liquidity via OMO on jun 18 as vnd5tln t-bills fall due
• Vietnam banks seek to grow lending; cut bad debts
• Vietnam adds to dong intervention with plan to cut dollar rates
• Thaco to produce truck engines

June 19, 2013: Vietnam Gold Drops to VND39.72Mln/Tael , Dollar Stable Posted: 19 Jun 2013 01:00 AM PDT Today Vietnam gold extended its loss for the third consecutive day after falling by VND180,000/tael from yesterday close to VND39.7 million/tael. SJC Hochiminh was traded at VND39.72 million/taelfor bid and VND39.87 million/tael for ask respectively as of 14:39 pm, Hanoi time. SJC in the North quoted at VND39.70 million/tael for bid and VND39.85 million/tael for ask. Techcombank gold prices were listed [...] The post June 19, 2013: Vietnam Gold Drops to VND39.72Mln/Tael , Dollar Stable appeared first on Vietnam Business News.

Target on ODA disbursement ‘is within reach’ Posted: 18 Jun 2013 09:22 PM PDT HA NOI (VNS)— Viet Nam is on track to fulfil its target of attracting US$32-34 billion in Official Development Assistance (ODA) and preferential loans during the 2011-15 period, along with capital disbursement of $14-16 billion. The statement was made by Deputy Minister of Planning and Investment Cao Viet Sinh, who added, “Viet Nam has disbursed [...] The post Target on ODA disbursement 'is within reach’ appeared first on Vietnam Business News.

Samsung Vietnam gets tax breaks for giant plant Posted: 18 Jun 2013 09:18 PM PDT Thai Nguyen has announced tax breaks and other incentives for the four plants Samsungplans to build in the northern province. Work began three months ago on a hi-tech complex in the Yen Binh Industrial Zone in Pho Yen District, and in a statement on its website, the province administration said Samsung would start receiving the incentives after it [...] The post Samsung Vietnam gets tax breaks for giant plant appeared first on Vietnam Business News.

Banks offer low rate loans to businesses Posted: 18 Jun 2013 09:11 PM PDT HCM CITY (VNS)— Sacombank and seven other banks yesterday signed credit contracts worth more than VND1,209 billion (US$57.5 million) to support 44 businesses and six households in District 9 and Thu Duc District. The other banks are Agribank, Vietinbank, BIDV, DongA Bank, Eximbank, HDBank and OCB. Sacombank will offer a total of VND50 billion ($2.38 [...] The post Banks offer low rate loans to businesses appeared first on Vietnam Business News.

Import medicine dislodges locally-made products Posted: 18 Jun 2013 09:08 PM PDT Expensive imported medicine has been dominating the Vietnamese market, a poor country with the average income per capita at $1,000 a year. A report of the Vietnam Pharmacy Association showed that there are 39,000 medicine retail points nationwide, while there are 2,357 enterprises registered their operation as medicine trade companies. Meanwhile, there are only 276 [...] The post Import medicine dislodges locally-made products appeared first on Vietnam Business News.

Viettel invests US$33 million in US Posted: 18 Jun 2013 09:06 PM PDT The Prime Minister has approved Viettel Group's plan to set up a Viettel America Company in the US with a capitalisation of more than US$33 million. Viettel will provide US$100,000 in terms of charter capital and more than US$32 million in loans for its subsidiary company in the US. Viettel has already invested in Laos, [...] The post Viettel invests US$33 million in US appeared first on Vietnam Business News.

Vietnam central bank withdraws liquidity via OMO on jun 18 as vnd5tln t-bills fall due Posted: 18 Jun 2013 08:48 PM PDT The State Bank of Vietnam (SBV) withdrew VND5 trillion from commercial banks yesterday [Jun 18] via outright operation after Treasury bills of the same amount fell due. From March 15, 2012, the central bank issued in total VND308.731 trillion T-bills, of which VND250.145 trillion debts have matured. The central bank net withdrew VND65 billion through [...] The post Vietnam central bank withdraws liquidity via OMO on jun 18 as vnd5tln t-bills fall due appeared first on Vietnam Business News.

Vietnam banks seek to grow lending; cut bad debts Posted: 18 Jun 2013 08:48 PM PDT Banks in Vietnam have sought various ways to expand lending, thereby cutting their bad loan ratios, the central bank said in a post on its website. Firstly, credit institutions (CIs) have constantly launched loan packages with preferential interest rates for businesses to boost lending growth. However, the move has not brought expected results as credit [...] The post Vietnam banks seek to grow lending; cut bad debts appeared first on Vietnam Business News.

Vietnam adds to dong intervention with plan to cut dollar rates Posted: 18 Jun 2013 08:48 PM PDT Vietnam looks set to ratchet up intervention in the foreign-exchange market to stem losses in the dong and promote greater use of the currency. The State Bank of Vietnam is considering lowering the maximum interest rate that lenders can offer on dollar deposits to curb demand for the U.S. currency, Nguyen Thu Ha, deputy head [...] The post Vietnam adds to dong intervention with plan to cut dollar rates appeared first on Vietnam Business News.

Thaco to produce truck engines Posted: 18 Jun 2013 08:15 PM PDT DA NANG (VNS)— Truong Hai Automobile company (Thaco) planned to produce 20,000 diesel engines for trucks and buses from next year, the company’s deputy general director Pham Van Tai confirmed yesterday. The engine manufacturing plant, which began construction last year with an investment of US$185.5 million, would provide engines meeting Euro 2, Euro 3 Emission [...] The post Thaco to produce truck engines appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610