Tuesday, June 18, 2013

The Business Times: Lending may grow by 12-15% in 2013, c.banker says

The Business Times: Lending may grow by 12-15% in 2013, c.banker says

Link to Vietnam Business News

Lending may grow by 12-15% in 2013, c.banker says

Posted: 18 Jun 2013 12:41 AM PDT

Vietnam’s banking sector must strive during the second half of 2013 to boost credit growth to 12-15% by year end so that the economy could grow 5-5.5% percent as targeted, local media quoted the central bank governor Nguyen Van Binh, as saying. Total loans increased by 2.98% in the five months through May. Former vice [...]

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Experts urge Ha Noi to develop rental housing

Posted: 18 Jun 2013 12:37 AM PDT

The shortage of affordable rental housing in Ha Noi will get worse if local authorities do not pay more attention to housing projects, especially for people living in the rural outskirts of the city, experts recommended. The comments were made at a meeting last week held by the city’s Fatherland Front Committee to collect feed-back [...]

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Ministry approves first ten investors for loan package

Posted: 18 Jun 2013 12:37 AM PDT

The Ministry of Construction recently approved the first ten real estate companies for its VND30 trillion (US$1.42 billion) loan package. Those include Dang Xa’s Viglacera social housing project, Song Da Construction and Investment JSC’s project in the Ha Dong area of the capital, Dai Hue Investment Construction Company’s Dong Dau project in central Nghe An [...]

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New insurance firm opens doors

Posted: 18 Jun 2013 12:31 AM PDT

HCM CITY (VNS)— The PVI Sun Life Company has become the latest life insurance company to do business in Viet Nam, launching its operation and sales on Sunday in HCM City. The company, which received its licence in January, has a charter capital of VND1 trillion (US$48 million) 51 per cent of which is accounted [...]

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Vietnam central bank collects vnd3tln from gold auctions

Posted: 18 Jun 2013 12:26 AM PDT

The State Bank of Vietnam (SBV) said it collected a profit of VND3 trillion for the budget through importing to process material gold and selling gold bars via auctions, the local newswire Tienphong.vn reported. Vietnam previously had roughly 12,000 gold trading points nationwide; yet, the number dropped to around 3,000 units after the central bank [...]

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June 18, 2013: Vietnam gold sides, breaks vnd40mln/tael threshold, dollar stable

Posted: 18 Jun 2013 12:26 AM PDT

This morning, Vietnam gold fell by VND360,000 a tael from yesterday close to VND39.93 million/tael, following world suit. SJC Hochiminh was traded at VND39.93 million/taelfor bid and VND40.18 million/tael for ask respectively as of 10:20 am, Hanoi time. SJC in the North quoted at VND39.93 million/tael for bid and VND40.18 million/tael for ask. Techcombank gold prices were listed at VND39.93-VND40.18 million/tael for [...]

The post June 18, 2013: Vietnam gold sides, breaks vnd40mln/tael threshold, dollar stable appeared first on Vietnam Business News.

Rice exports hit US$1.35 billion

Posted: 18 Jun 2013 12:22 AM PDT

Vietnam has earned US$1.350 billion from 2.969 million tonnes of rice exported since early this year. According to the Vietnam Food Association (VFA), over 180.8050 tonnes of rice were sold for nearly US$81.73 million in the first two week of June alone. In the Mekong Delta – Vietnam's largest rice basket – the selling price [...]

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Making mineral water means turning water into money

Posted: 18 Jun 2013 12:21 AM PDT

While the businesses in most of the sectors of the national economy are undergoing full hardships, mineral water manufacturers remain unruffled. Mineral water manufacturers still have been witnessing steady growth and making stable profits, despite the current economic downturn. However, it seems that the manufacturers have not caught the attention from the public. Only when [...]

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Local beverage businesses gaining ground

Posted: 18 Jun 2013 12:16 AM PDT

The beverage industry in Vietnam is growing with its annual output of more than 2 billion litres. Major businesses like Tan Hiep Phat, Pepsi and Coca-Cola claim to be expanding their market share in spite of fierce competition. The Vietnam Beer-Alcohol-Beverage Association (VBA) estimates that each Vietnamese consumes 23 litres per year, less than half compared to [...]

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Nippon Paint factory building begins

Posted: 18 Jun 2013 12:15 AM PDT

VINH PHUC (VNS)— Nippon Paint yesterday began construction of its new factory that will produce industrial paint for automobiles and motorcycles, heavy duty coatings, decorative paint, marine coatings and resin in northern Vinh Phuc province. Covering a 60,000 square metre area in Vinh Phuc’s Ba Thien II Industrial Zone, the plant has registered investment capital [...]

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