The Business Times: Port project all at sea: Vinalines to pull out

---

• Port project all at sea: Vinalines to pull out
• FPT targets Myanmar broadband
• State budget earns nothing from $8 billion of phone exports
• Rice unsalable, farmers in big distress
• Vietnam banks’ gold deposits fall to 4 tons; c.bank says no deadline extension
• VAMC expected to resolve vnd80-100tln bad loans; debt recovery rate at 20-40%
• Interbank trading dong +28%, dollar +5% in week ending june 14
• VND4tln t-bills fall due on jun 19
• Firms paying dividends in cash to shareholders
• Breach of competition law seen in drug market

Port project all at sea: Vinalines to pull out Posted: 20 Jun 2013 12:58 AM PDT KHANH HOA (VNS)— The unfinished Van Phong International Port has suffered a major blow after the Van Phong Economic Zone Management Board decided to block investment in the project from Viet Nam National Shipping Lines (Vinalines). Within the next six to 12 months, Vinalines must end its involvement in the sluggish project, Hoang Dinh Phi, [...] The post Port project all at sea: Vinalines to pull out appeared first on Vietnam Business News.

FPT targets Myanmar broadband Posted: 20 Jun 2013 12:58 AM PDT Viet Nam’s software giant FPT Corporation will open an office in Myanmar soon as it prepares to develop ICT infrastructure for providing internet broadband services in the country.   Truong Gia Binh, co-founder, chairman and CEO of the Vietnamese corporation, revealed this in talks with Myanmarese reporters after the closing ceremony of the World Economic [...] The post FPT targets Myanmar broadband appeared first on Vietnam Business News.

State budget earns nothing from $8 billion of phone exports Posted: 20 Jun 2013 12:55 AM PDT Phone and phone part exports prove to be the biggest dollar earner in Vietnam, with the export turnover of $8.1 billion in the first five months of the year. However, a very small percentage of the sum of money went to the state budget. A report of the General Department of Customs showed a sharp [...] The post State budget earns nothing from $8 billion of phone exports appeared first on Vietnam Business News.

Rice unsalable, farmers in big distress Posted: 20 Jun 2013 12:54 AM PDT Millions of farmers in Mekong Delta never dream of making a profit of 30 percent as promised by the government. They just wish to sell out the rice. The campaign of collecting rice from farmers for storage began several days ago. However, the rice price in Mekong Delta still could not rise up. The rice [...] The post Rice unsalable, farmers in big distress appeared first on Vietnam Business News.

Vietnam banks’ gold deposits fall to 4 tons; c.bank says no deadline extension Posted: 20 Jun 2013 12:51 AM PDT Outstanding gold deposits of credit institutions in Vietnam fell to around 4 tons as of June 19 this year, an unnamed official from the central bank was quoted as saying. 'With three regular auctions per week, there will be no difficulty for banks to close all their gold accounts by June 30', he added. Earlier, [...] The post Vietnam banks' gold deposits fall to 4 tons; c.bank says no deadline extension appeared first on Vietnam Business News.

VAMC expected to resolve vnd80-100tln bad loans; debt recovery rate at 20-40% Posted: 20 Jun 2013 12:51 AM PDT Vietnam's much-anticipated asset management company (VAMC) is expected to help the country to resolve between VND80 trillion and VND100 trillion of bad loans with projected loan recovery rate of 20-40%. The VAMC is scheduled to come into life in July 9, according to a draft circular on bad debt trading of VAMC disclosed by the [...] The post VAMC expected to resolve vnd80-100tln bad loans; debt recovery rate at 20-40% appeared first on Vietnam Business News.

Interbank trading dong +28%, dollar +5% in week ending june 14 Posted: 20 Jun 2013 12:51 AM PDT The total interbank trading value of the dong surged 28.4% to VND85.856 trillion in the week ending June 14 from VND66.858 trillion a week earlier while that of the dollar rose 5% to VND45.309 trillion from VND43.13 trillion. The total interbank trading value of the dong surged 28.4% to VND85.856 trillion in the week ending June [...] The post Interbank trading dong +28%, dollar +5% in week ending june 14 appeared first on Vietnam Business News.

VND4tln t-bills fall due on jun 19 Posted: 20 Jun 2013 12:51 AM PDT The State Bank of Vietnam (SBV) withdrew VND4 trillion from commercial banks yesterday [Jun 19] 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 VND254.145 trillion debts have matured. The central bank net withdrew VND36 billion through [...] The post VND4tln t-bills fall due on jun 19 appeared first on Vietnam Business News.

Firms paying dividends in cash to shareholders Posted: 19 Jun 2013 07:34 PM PDT Even stock market had complex movements during the last 3 years and enterprises had difficulties, however, number of shares paid out dividends still increased. Taking a look at listed firms in the market until the end of June, there were many firms paying dividends in cash to shareholders. This activity transmitted positive signal for investors. [...] The post Firms paying dividends in cash to shareholders appeared first on Vietnam Business News.

Breach of competition law seen in drug market Posted: 19 Jun 2013 07:31 PM PDT Signs of violation of the Competition Law have emerged in the pharmaceutical market of Vietnam, said Nguyen Phuong Nam, deputy director general of the Vietnam Competition Authority under the Ministry of Industry and Trade. Speaking at a workshop on competition in the pharmaceutical sector held in Hanoi last Wednesday, Nam said signs of violating the [...] The post Breach of competition law seen in drug market 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